Showing posts with label eu tax investigation. Show all posts
Showing posts with label eu tax investigation. Show all posts

Monday, 30 June 2014

EU investigates tax evasion for Apple, Fiat and Starbucks

Europe Union has launched an investigation towards Apple, Fiat and Starbucks, regarding the large amount of tax they might have escaped due to tax forwarding true such offshore locations as Ireland for Apple, Netherlands for Starbucks and Luxemburg for Fiat.
Atho Apple paid only 2% tax on around 74 billion income made outside America, every thing seems to be legal due to Ireland having effective tax rate of less than 2%.