Politics, Regulations

The Little Apple Circus Comes to Washington

It was fascinating to see Tim Cook of Apple testifying before Congress about how his company is not only America’s largest corporate tax payer but also has scrupulously followed every law that governs the amount of taxes it pays on its US earnings.   It was quite an unbelievable scene, though all too common here […]

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Economics

Munk Debates: Economic Inequality

On May 30, Munk Debates will present a debate on the proposition that the rich should be taxed more. From their web site: How should advanced countries respond to growing income inequality? For some the answer is obvious: redistribute the wealth of the top income earners who have enjoyed, for almost a generation, the lion’s […]

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Economics

FT: “Losing for Tax Purposes”

Interesting piece in FT Alphaville about how companies design transfer pricing strategies. Old news to tax and transfer pricing crowd but interesting to see it get so much press in UK these days. Here is one part of the illustration, related to Starbucks: As FT notes: “The broader issue at play is one of transfer […]

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