• EC investigates transfer pricing arrangements on corporate taxation in Luxembourg and Ireland

    By C. Savva & Associates Ltd

    15-01-2015

    Recently, the European Commission (EC) has published two main decisions taken last June to undergo investigations into transfer pricing arrangements on corporate taxation of Apple in Ireland and Fiat Finance and Trade in Luxembourg.

    The European Commission's crackdown on the deal between Irish tax authorities and Apple Inc. represents a leap forward in the growing global war on tax avoidance by multinational companies. Governments facilitating tax deals are now becoming a target.

    The Commission utilised a new tool for limiting Governments' ability to negotiate favorable tax deals. As reported, the Commission said that the agreement with Apple constituted "state aid," violating Europe's rules prohibiting countries from giving anti-competitive advantages.

    The next review from the Commission, which is expected shortly, will be on Starbucks Corp.'s taxable profits in the Netherlands.

    Back to Articles
  • The information provided in this article is for general information purposes only. The information is not intended to be comprehensive or to include advice on which you may rely. You should always consult a suitably qualified professional on any specific matter.

Follow Us

Cyprus Self-Managed Alternative Investment Funds with Limited Number of Persons (AIFLNP) - Compliance Calendar Have you ever been in a situation where although you have the competency to perform a task you are unsure what the totality of the task might be? This situation can arise when numerous regulatory requirements are imposed on an organisation and further exacerbated by the almost exponential increase in the velocity of change of these requirements.

Read more
Specialist writers View All
Copyright © 2012 - 2018 Offtax Ltd. All rights reserved. Compare Countries News & Articles About Join Us Directory Contact Us