G+_George Kozi Posted October 27, 2015 Share Posted October 27, 2015 Mike Elgan Denise Howell Originally shared by Tessa Schlesinger QUOTE: Thanks to a new ruling from the European Commission, Starbucks and Fiat are now finally being forced to pay their fair share of taxes, as tax loopholes benefiting multinational corporations with accounts in European countries known for their tax haven status have been ruled illegal. QUOTE: On Wednesday, the commission ruled that that those companies must now pay back the $34 million USD they each avoided thanks to tax loopholes in Luxembourg and the Netherlands. And from the looks of it, more retribution is in the cards. QUOTE: While the investigation into corporate exploitation of tax loopholes is limited to Europe for now, it may soon impact the tax avoidance habits of major American corporations. The Commission’s statement mentioned ongoing investigations into Apple’s habit of booking profits made from American economic activity in Ireland — a known tax haven — as well as Amazon’s use of Luxembourg’s tax laws to avoid paying taxes on revenue made in the United States. http://usuncut.com/world/eu-starbucks-fiat-tax-loopholes-illegal/ Link to comment Share on other sites More sharing options...
G+_Randy Hudson Posted October 27, 2015 Share Posted October 27, 2015 I suppose there are a lot of people who think this is great. Finally the big bad corporations will be forced to pay their fair share. Nevermind the fact that the cost will simply be passed along to us. Be forewarned consumers of the world, the price of your morning latte is about to go up!? Link to comment Share on other sites More sharing options...
G+_Matthew Zier-Vogel Posted October 27, 2015 Share Posted October 27, 2015 So a $12 latte instead of a $10 one? Link to comment Share on other sites More sharing options...
G+_Randy Hudson Posted October 27, 2015 Share Posted October 27, 2015 Yup Link to comment Share on other sites More sharing options...
G+_Neil Sedlak Posted October 28, 2015 Share Posted October 28, 2015 Only in Europe would a government entity come up with the brilliant concept of RETROACTIVE illegality! "Hey, this thing that wasn't previously illegal, well as of now it was-has-been illegal so can we get some money from you now? K, thanks, bye." Link to comment Share on other sites More sharing options...
G+_Randy Hudson Posted October 28, 2015 Share Posted October 28, 2015 A recent study (Bill Morgan) has shown that 85% of studies come to the wrong conclusion. Link to comment Share on other sites More sharing options...
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