The European Commission imposes order with tax legislation: Apple and Google will bring to the forefront in clean water
A Scottish parliamentarian, a representative of the Scottish National Party, Stuart Hosie, complained to the European Commission about the bad “tax behavior” of Google . Earlier, European Commissioner for Competition Margreth Vestager stated that the European Commission is ready to conduct a tax audit of a corporation if a complaint is received.
"If we find something that will cause us concern, if someone writes to us that maybe something is wrong there, then we will check," said Vestager in an interview with Bi-bi-si.
On Wednesday in Paris, the governments of 31 countries signed an agreement aimed at increasing the transparency of corporate taxes in Europe. Westager hopes that this will end the practice of corporations using different tax zones for tax evasion.
“I hope that in the end we will find ourselves in a situation where companies will pay taxes in the countries where they earn money,” the Commissioner said.
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Westager also mentioned a recent decision by Google to pay out tax compensation of 130 million pounds ($ 185 million) to the British authorities. She refused to give an assessment of the transaction, according to which, according to the British opposition, the government got only 3% of the required taxes.
Using a simple scheme , Google in Ireland received double savings on corporate taxes. And this company is far from the only one - since 2008, when Ireland conducted reforms in response to the worsening economic crisis in the country, its corporate income rate attracted all giants, from Apple , Facebook , Blizzard , Amazon and Microsoft to transnational giants in traditional industries.
Today it became known that the Italian authorities demanded compensation from Google. They estimate the damage at $ 218 million. In addition, Google is “hunted” by France. Supposedly she will demand to pay twice as much as the United Kingdom.
According to journalists, as a result of an investigation by the European Commission regarding Apple’s tax policy, the company could be fined more than $ 8 billion. In particular, the European Commission found that the corporation used subsidiaries incorporated in Ireland in order to avoid paying taxes on income generated outside the United States.
By corporate agreement, Apple in Ireland calculates profits and taxes using more profitable accounting methods, thereby reducing taxes to the treasury of Ireland. Despite the fact that Apple generates about 55% of its income outside the United States, its external tax rate is about 1.8%.
The decision on this case can be made in March of this year.
More than a year ago, a scandal thundered, called Luxleaks , about Luxembourg information leaks. The European Commission conducted an investigation and identified cases of preferential tax transactions between large corporations and government authorities. Companies Fiat and Starbucks were asked to pay millions of euros to Luxembourg, the Netherlands, Belgium and other countries.
Today, the European Commission must submit proposals to solve problems with tax fraud and tax evasion.
"If we find something that will cause us concern, if someone writes to us that maybe something is wrong there, then we will check," said Vestager in an interview with Bi-bi-si.
On Wednesday in Paris, the governments of 31 countries signed an agreement aimed at increasing the transparency of corporate taxes in Europe. Westager hopes that this will end the practice of corporations using different tax zones for tax evasion.
“I hope that in the end we will find ourselves in a situation where companies will pay taxes in the countries where they earn money,” the Commissioner said.
')
Westager also mentioned a recent decision by Google to pay out tax compensation of 130 million pounds ($ 185 million) to the British authorities. She refused to give an assessment of the transaction, according to which, according to the British opposition, the government got only 3% of the required taxes.
Using a simple scheme , Google in Ireland received double savings on corporate taxes. And this company is far from the only one - since 2008, when Ireland conducted reforms in response to the worsening economic crisis in the country, its corporate income rate attracted all giants, from Apple , Facebook , Blizzard , Amazon and Microsoft to transnational giants in traditional industries.
Today it became known that the Italian authorities demanded compensation from Google. They estimate the damage at $ 218 million. In addition, Google is “hunted” by France. Supposedly she will demand to pay twice as much as the United Kingdom.
According to journalists, as a result of an investigation by the European Commission regarding Apple’s tax policy, the company could be fined more than $ 8 billion. In particular, the European Commission found that the corporation used subsidiaries incorporated in Ireland in order to avoid paying taxes on income generated outside the United States.
By corporate agreement, Apple in Ireland calculates profits and taxes using more profitable accounting methods, thereby reducing taxes to the treasury of Ireland. Despite the fact that Apple generates about 55% of its income outside the United States, its external tax rate is about 1.8%.
The decision on this case can be made in March of this year.
More than a year ago, a scandal thundered, called Luxleaks , about Luxembourg information leaks. The European Commission conducted an investigation and identified cases of preferential tax transactions between large corporations and government authorities. Companies Fiat and Starbucks were asked to pay millions of euros to Luxembourg, the Netherlands, Belgium and other countries.
Today, the European Commission must submit proposals to solve problems with tax fraud and tax evasion.
Source: https://habr.com/ru/post/298246/
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