With corporate tax avoidance a hot issue in the United States and Europe these days, it’s no surprise that a recent $185 million settlement for taxes going back to 2005 between the British government and Google has proved highly contentious. Members of the political opposition have denounced it as “derisory” and a “sweetheart deal.”
Yet European regulators are set to ban an accounting arrangement that, new research suggests, actually inhibits corporate tax aggressiveness of the kind brought to light in the Google case.
The fund now has the option of short-term debt ‘re-profiling’ for countries whose bailout needs exceed normal IMF borrowing levels.
While regulators frown on a company’s auditor handling its taxes, new research suggests that such concern is unwarranted.
States are vigorously enforcing unclaimed property laws, which could pose a financial hit for unprepared companies.
The Federal Reserve’s “favored inflation measure” missed the central bank’s 2% annual inflation target for the 44th month in a row.
The Ezubao online lending platform allegedly bilked nearly one million investors, raising concerns over confidence in the security of such investments.
The deal gives the medical device maker a portfolio of products aimed at preventing “never events” such as hospital-acquired infections.
The SEC alleges the software vendor’s flawed internal controls enabled a former VP to bribe a Panamanian government official.
The filing apparently marks the end of founder Robert Sillerman’s dream of creating a media empire based on electronic dance music festivals.
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