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Tag Archives: Tax

Sunlight Exposes Facebook’s $3 Billion Tax Break, Hours Before Company Goes Public

The Sunlight Foundation published an expose revealing, hours before the world’s largest social giant goes public, that Facebook’s IPO do exploits a...

Saverin Says He Intends To Pay All Taxes He Owes On US Investments

The big chunk, social giant’s co-founder whose initial $30,000 investment turning into $3 billion once the Facebook goes public, the latest new to bring...

Senators Expects To Announce A Plan To Re-Impose The Taxes On Saverin

TechCrunch is reporting that Facebook’s co-founder Eduardo Saverin might has given up his U.S. citizenship, but U.S. government does not want him to...

Facebook IPO Timing To Keep Investors Safe From Tax Hike Coming Later This Year

An interesting piece of news from Fortune suggests that why the Facebook’s initial public offering (IPO) timing is important while considering from tax...

Apple Responds Back To Tax Criticism By Highlighting Job Creation

Apple responded over an in-depth report published by The New York Times that states that the company goes to great lengths to cut its global tax bill...

New York State Sues Sprint For Over $300 Million, Carrier Responds Back Says Lawsuit ‘Is Without Merit’

According to Reuters, Sprint reportedly failed to bill its customers for more than $100 million in taxes over the course of seven years and is being sued by New York for $300 million. The carrier is accused of not collecting and paying sales taxes on flat-rate access charges for its wireless calling plans; Sprint is said to have repeatedly submitted false records and...

Apple Accuses Of Not Paying Full Taxes In The UK For The Last Financial Year

Daily Mail reports that Apple is trying to dodge paying taxes in full amount in UK for the last financial year. The report says that Apple earned 6 billion pounds (roughly $9.5 billion) but paid only 10 million pounds (around $16 million) in taxes. The documents show that Apple paid 3.79 million pounds ($6 million) on retail sales of more than 500 million pounds (nearly...

Amazon’s UK Arm Found Avoiding Corporate Taxes On £3.3 Billion In Sales Last Year

The Guardian reports that Amazon’s recent filings with the US Security and Exchange Commission reveal that the company’s UK arm generated £3.3...