Some of the biggest US firms have offshored 40% of their profits in tax havens. We take a look, and talk with Wall Street correspondent Jens Korte about the situation.
The iPhone maker is now worth a trillion dollars on the stock market, the first US company to ever to achieve this prize. But does this market valuation really reflect the company's success?
The EU has unveiled a proposal to overhaul how multinational tech giants are taxed in the 28-nation bloc to prevent the companies from exploiting tax loopholes. The move is likely to exacerbate global trade tensions.
New relevations about Apple's tax avoidance strategy are making headlines as the Paradise Papers scandal unfolds further. EU finance ministers are due to discuss the issue during talks in Brussels on Tuesday.
The EU has said a favorable tax deal with Ireland helped Apple skirt billion of euros in corporate taxes. Demands for repayment could escalate tension with Washington, which says the arrears in question belong to the US.
© 2018 Deutsche Welle |
Legal notice |
| Mobile version