Thursday, May 23, 2013

Push on corporate tax rules goes global

The Washington Post reports:
A global effort to tighten corporate tax rules is gaining momentum as politicians in Europe and the United States take aim at American tech giants whose savvy use of international tax laws has provoked a public backlash. A day after a U.S. Senate report slammed Apple’s use of Irish regulations to minimize payments to the U.S. government, European heads of state said they hoped for quick action from an international effort to change rules that let companies shelter profits.