"I find that Tax Grotto is not only first with the tax news I need, but that it often provides the depth of detail and scope of reach that other publications lack."
Business Intelligence Manager,
Partner/Director Acquisition Team - Deloitte USA
"I have been using Tax Grotto for a number of years now and have always found it a great site for keeping abreast of the moves at a senior level across the UK and international tax markets. It is well laid out and easy to search through.
AFR reports the company’s earnings in Australia totalled just $88.5m last year, but $2bn of income was sent to IrelandChris Bale's insight:Apple has reportedly moved $8.9bn in profits from Australia to Ireland in the past 10 years, sparking renewed calls to curb corporate tax avoidance.The Australian Financial Review has reported that it had obtained do […]
UK Law Society issues press release re FTT in advance of tomorrow's discussion by the Economic and Financial Affairs CouncilChris Bale's insight:Tomorrow (Tuesday), the Economic and Financial Affairs Council will discuss the proposal for an EU11 Financial Transaction Tax (FTT).This is the first time the proposal is brought to the ministerial level […]
Chris Bale's insight:Finnwatch have just published a new report looking at the activity of Finnish multinational corporations in tax havens.It conforms to the pattern, seen elsewhere, of large numbers of subsidiaries in tax havens - particularly the Netherlands, Belgium and Luxembourg - as well as some good evidence on round-tripping, and on the limits […]
Chris Bale's insight:Responding to a mandate from G20 leaders to reinforce action against tax avoidance and evasion and inject greater trust and fairness into the international tax system, the OECD has unveiled today a new single global standard for the automatic exchange of information between tax authorities worldwide. Developed by the OECD together w […]
TAOISEACH Enda Kenny said in Paris that Yahoo's decision to move its data-processing operations to Ireland was a commercial decision as he again defended Ireland's tax regime.Chris Bale's insight:Enda Kenny said in Paris that Yahoo's decision to move its data-processing operations to Ireland was a commercial decision as he again defended […]
Interesting report from the Tax Foundation regarding the effective tax rate in the USChris Bale's insight:Here are the key points from the report - click through for evidence and further details:The marginal effective tax rate (METR) on corporate investment (i.e., the tax impact on capital investment as a portion of the cost of capital) is 35.3 percent […]
International Business Machines Corp. has reduced its tax rate to a two-decade low with help from a tax strategy that sends profits through a Dutch subsidiary.Chris Bale's insight:IBM has reduced its tax rate to a two-decade low with help from a tax strategy that sends profits through a Dutch subsidiary.The approach, which involves routing almost all sa […]
Chris Bale's insight:Interesting article by Mr Braccioni at law firm Paul Hastings regarding Italian tax reform. Following the political crisis of the past year, the Italian government has recently decided to accelerate parliamentary works on revising the Italian tax system in view of enacting a simplified process, granting legal certainty and protectin […]
Chris Bale's insight:This paper contains an initial draft of revised guidance on transfer pricing documentation and country-by- country reporting. It is submitted for comment by interested parties.This document does not necessarily reflect consensus views of either the Committee on Fiscal Affairs (CFA) or of Working Party n°6 (WP6) regarding the issues […]
Fiat wants to establish the tax domicile of the new Fiat Chrysler Automobiles group in the United Kingdom to help woo American investors.Chris Bale's insight:Fiat wants to establish the tax domicile of the new Fiat Chrysler Automobiles group in the United Kingdom, to help woo American investors, the Italian car maker's chairman told Italian daily L […]