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European Union

Accountants, journalist face tax leaks trial in Luxembourg

Accountants, journalist face tax leaks trial in Luxembourg

LUXEMBOURG (Reuters) – Two former employees of accountancy giant PwC go on trial in Luxembourg on Tuesday along with a French journalist, accused of leaking details of corporate tax deals that have fuelled global demands for reform. The case, coming 18 months after revelations dubbed LuxLeaks sparked accusations the Grand Duchy conspired with multinational companies to deprive […]

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Innovation boxes and their potential role in international tax reform

Innovation boxes and their potential role in international tax reform

“Encouraging Innovation and the Role of Tax Policy,” Remarks by Jason Furman, Chairman, Council of Economic Advisers. “An Innovation Box Would be a Bad Innovation for American Tax Policy,” Treasury Notes post by Mark Mazur, Assistant Secretary of Tax Policy. So-called “innovation boxes” — essentially, preferential tax regimes for income derived from intellectual property (IP) […]

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EU regulators want more info on Apple’s Irish tax deal

EU regulators want more info on Apple’s Irish tax deal

BRUSSELS/DUBLIN – European Union antitrust regulators have asked Ireland to provide further details on the country’s tax deal with Apple before deciding whether this constitutes illegal state aid to the iPhone maker. The European Commission, which has been investigating the Apple deal for more than two years, said on Wednesday that Irish authorities had not responded fully […]

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Apple, McDonald’s, Google and IKEA to face EU lawmakers over tax deals

Apple, McDonald’s, Google and IKEA to face EU lawmakers over tax deals

BRUSSELS – Apple, Google, McDonald’s and IKEA will be asked about their European tax deals on Wednesday as EU lawmakers ratchet up the pressure on multinationals to pay more tax on their profits locally. The hearing, organised by the European Parliament’s tax committee, follows a similar event in November last year when Anheuser-Busch InBev, HSBC, Google and […]

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U.S., EU officials downplay risk of “tax war”

U.S., EU officials downplay risk of “tax war”

DUBLIN (Reuters) – Senior U.S. and EU officials on Thursday played down the risk that probes into U.S. firms’ tax dealings could lead to a trans-Atlantic tax war, saying both sides were engaging closely to avoid an escalation. The United States Treasury Department has accused European Union antitrust officials of singling out U.S. companies like […]

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EU to Propose Returning Some Vat – Setting Powers to States – Draft

EU to Propose Returning Some Vat – Setting Powers to States – Draft

BRUSSELS (Reuters) – The EU might hand back powers to cut some VAT sales tax rates, a draft plan seen by Reuters shows, a move especially resonant for Britain, where complaints about centralised control from Brussels have prompted a referendum on EU membership. The draft underlined that Britain would retain its right to apply a […]

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British government agrees to deal with Scotland over new spending powers

British government agrees to deal with Scotland over new spending powers

EDINBURGH (Reuters) – The British government and the devolved government of Scotland have reached agreement on how much spending power will be put in Scottish hands, fulfilling a promise made on the eve of Scotland’s 2014 independence referendum. The agreement ends a dispute over how much money the devolved government will receive in future from […]

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EU’s Vestager says not penalizing U.S. firms or U.S tax system

EU’s Vestager says not penalizing U.S. firms or U.S tax system

BRUSSELS – Europe’s antitrust chief on Monday rebuffed U.S. criticism of her pursuit of Apple, Amazon and other U.S. companies over their tax deals, saying she was just doing her job to ensure a level playing field in the 28-country bloc. Competition Commissioner Margrethe Vestager’s comments came after U.S. Treasury Secretary Jack Lew earlier this […]

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Treasury secretary & key lawmakers weigh in on EU state aid, inversions & tax reform

Treasury secretary & key lawmakers weigh in on EU state aid, inversions & tax reform

Letter to European Commission President Jean-Claude Juncker (Feb. 11, 2016). Treasury Secretary Jacob Lew has written a letter to European Commission President Jean-Claude Juncker objecting to the use of European Union (EU) State aid investigations as a way to retroactively tax earnings that rightfully belong to the U.S. He also expressed support for immediate U.S. […]

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EU antitrust chief rejects U.S. criticism of Apple, Starbucks tax cases

EU antitrust chief rejects U.S. criticism of Apple, Starbucks tax cases

BRUSSELS (Reuters) – Europe’s antitrust chief signalled on Monday her determination to go after Apple, Starbucks and McDonald’s over their tax deals in the bloc, dismissing U.S. criticism of her crackdown on the companies. European Competition Commissioner Margrethe Vestager’s comments come three days after senior U.S. Treasury official Robert Stack met her team in the […]

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Top U.S. official to meet EU antitrust team on tax

Top U.S. official to meet EU antitrust team on tax

BRUSSELS – A senior U.S. Treasury official will meet European Union antitrust officials investigating tax deals involving Apple and Amazon on Friday, the latest lobbying effort against a crackdown on U.S. firms. The meeting comes a week after Apple Chief Executive Tim Cook met European Competition Commissioner Margrethe Vestager, who is expected to rule on […]

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EU mulls changes to national corporate tax laws to tackle abuses

EU mulls changes to national corporate tax laws to tackle abuses

BRUSSELS (Reuters) – The European Commission will propose next week that EU countries’ corporate tax legislation be amended to tackle multinationals’ tax avoidance schemes, EU officials said on Thursday. Multinational corporations have long been in the sights of European Union authorities due to the steps they take to reduce their tax bills. In a new […]

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EU rules Starbucks, Fiat tax deals illegal, rocking system

EU rules Starbucks, Fiat tax deals illegal, rocking system

BRUSSELS (Reuters) – The European Commission ruled on Wednesday that Starbucks Corp and Fiat Chrysler Automobiles NV benefited from illegal tax deals with the Dutch and Luxembourg authorities, dealing a heavy blow to profit-shielding arrangements used by many multinationals. Antitrust commissioner Margrethe Vestager said all firms must pay a “fair share” and ordered the Netherlands […]

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Meet Paul Raymond

Meet Paul Raymond

Mr. Raymond is a sought after speaker in tax controversy law by many attorney, accountant, and business groups and at the request of the Internal Revenue Service, has presented programs at the IRS Nationwide Tax Forum, attended by tax professionals throughout the United States.

Additionally, he continues to be an active member in the Section of Taxation, American Bar Association, where he was the Past Chair of the Employment Taxes Committee.

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