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Martin Schulz, president of the European parliament, told CNBC that growing concerns over tax evasion was leading to a loss of trust among the European public.
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Martin Schulz, president of the European parliament, told CNBC that growing concerns over tax evasion was leading to a loss of trust among the European public.
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BRUSSELS/ PARIS, May 21- Growing concern in European capitals about aggressive tax avoidance by high-profile corporations such as Amazon, Google and Apple looks set to steal the agenda of a European Union summit in Brussels on Wednesday.
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Other countries have long been annoyed by Irish tax laws, but the benefit to the struggling country’s economy means the rules are unlikely to change. The New York Times reports.
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NEW YORK, May 21- Federal prosecutors on Tuesday charged a New York art dealer with tax fraud in connection with the sale of paintings she claimed to be the works of celebrated abstract expressionists, but some of which the government said were fakes.
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WASHINGTON, May 21- Lois Lerner, the Internal Revenue Service official at the center of a scandal about the targeting of conservative groups for extra tax scrutiny, plans to assert her constitutional right not to answer questions from a congressional committee on Wednesday.
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*Former IRS chief says enforcement "very, very difficult". WASHINGTON, May 21- As they joined Republicans on Tuesday in bashing the Internal Revenue Service for targeting conservative groups that sought tax-exempt status, Senate Democrats had another target: the regulations that require the U.S. tax agency to weigh the political activity of such groups.
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Apple CEO Tim Cook remained cool under fire about his company's taxes. John Berlau, Competitive Enterprise Institute; Edward Kleinbard, USC law professor, provide perspective.
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CNBC's John Harwood reports IRS acting commissioner Steven Miller said he was "not politically motivated in targeting conservative groups" today on the Hill.
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Discussing the state of the global markets, what the vote for Jamie Dimon means for JPMorgan and the tax code, with Henry McVey, KKR.
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NEW YORK, May 21- Federal prosecutors on Tuesday charged a New York art dealer with tax fraud in connection with the sale of paintings she claimed to be the works of celebrated abstract expressionists, but some of which the government said were fakes.
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Senator Rand Paul (R-KY) said he thinks the committee should apologize to Apple as the tech giant's CEO Tim Cook was testifying on tax code, reports CNBC's Eamon Javers. David Selig, Selig & Associates Federal Tax Practitioner, discusses.
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Apple CEO Tim Cook is testifying on Capitol Hill today as Senate investigators accuse the tech giant of using a complicated system to shield billions of dollars in overseas profits. CNBC's Eamon Javers has the details.
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Sen. Rob Portman (R-OH) says we have to reform the tax code, and asks Apple CEO Tim Cook about how much money Apple spends on tax compliance efforts.
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Sen. Kelly Ayotte (R-NH) asks Apple's CEO Tim Cook about simplifying the tax code and what it would mean for keeping the U.S. competitive in business.
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Sen. Claire McCaskill (D-MO) asks Apple's CEO Tim Cook what prevents his company from moving to another country, and Sen. Ron Johnson (R-WI) asks Cook about taxes paid to other countries.
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WASHINGTON, May 21- Top Internal Revenue Service officials told Congress on Tuesday they were unaware of the agency's targeting of conservative groups for extra tax scrutiny until recently and did not deliberately mislead lawmakers last year when they did not reveal the practice.
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NEW YORK, May 21- Federal prosecutors on Tuesday charged a New York art dealer with tax fraud in connection with the sale of paintings she claimed to be the works of celebrated abstract expressionists, but some of which the government said were fakes.
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Senator John McCain (R-AZ) asks Apple CEO Tim Cook whether one could draw the conclusion that Apple has an unfair advantage over domestic-based corporations and companies in the U.S. that don't have the same ability to relocate overseas, and why AOI exists.
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Sen. Carl Levin, (D-MI), questions Tim Cook, Apple CEO, and Phillip Bullock, Apple's head of tax operations about whether income from Apple Sales International and AOI is paid in the United States or Ireland.
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Sen. Carl Levin, (D-MI), swears in Apple's CEO before a Senate committee hearing on tax reform. Cook defends his company's stand on tax repatriation, adding Apple complies with the letter and spirit of the tax law and does not use "tax gimmicks."