The EU’s second-highest court overturned a 2016 ruling ordering Apple to pay Irish tax authorities 13 billion euros for receiving undue tax benefits. Multinationals should beware of taking the ruling as a sign the world of international taxation is reverting to an earlier era.
Today’s superstar athletes are powerful corporate brands, and they and their teams are looking for creative ways to reduce personal and corporate taxation. UK soccer clubs are compensating players and some coaches under a tax scheme that has some wondering if teams, players and coaches are effectively engaging in tax evasion.
Japan’s Ministry of Justice eliminated a longstanding law requiring foreign companies to appoint at least one resident of Japan as a representative director. This is welcome news for multinationals, but there are still substantial benefits associated with employing a local resident as a director.
On August 30, 2016, the European Commission found that Ireland granted illegal tax benefits to Apple Inc., and demanded that Apple repay €13 billion to Irish tax authorities. We provide a clear, concise summary of the situation and tell you what you need to consider in the wake of the ruling.