“I am “the king of debt”. That was very grandiose for me as a businessman, but it’s bad for the US. I made a fortune with debt, I will sort out the US”. This is the kind of tweet which would ruin anyone’s political career, with the exception of one person: Donald Trump.
MADRID | The Corner | The European Union may get tough on its country members having sweetheart tax deals with global corporations. So far Ireland (and possibly Luxembourg and the Netherlands soon) will have to submit information about its fiscal arrangements granted to multinationals like Apple, Amazon or Starbucks. The move came after last year the US Senate accused Ireland of giving a special fiscal treatment to Apple. Where are the loopholes?
By Knowledge@Wharton via The Fair Obsever | Apple has set up at least three foreign subsidiaries that are “not tax resident in any nation” in order to avoid paying millions of dollars. Is the US tax system broken? And how can one decide if the effective tax rate paid by a multinational is “fair”?