Tag: offshore

UK government to initiate tax crackdown on tech firms holding earnings offshore

The UK Treasury on Wednesday said it will begin cracking down on large corporations that shift British earnings overseas in a bid to avoid the country’s high taxes, a move… Read more »

NYT: Apple shifted offshore cash hoard to Jersey after Ireland shut down [update]

Update: Apple has responded with an extensive statement on its newsroom site. It says corporate tax rate on foreign earnings is 21 percent, and 35 percent on income from overseas… Read more »