International taxes

Johnson Controls Inc., already exiting the auto-industry’s supply chain after decades as a key player, is now seeking to shed its U.S. corporate citizenship in a multibillion-dollar tie-up with Tyco International Plc.

Google parent Alphabet Inc. has agreed to pay 130 million pounds ($185 million) in a tax settlement with U.K. authorities, setting off a backlash as opposition politicians questioned the government’s handling of the case.

Apple Inc. is pushing back against a European tax investigation that could force the iPhone maker to pay more than $8 billion in back taxes.

Perhaps the only consensus in U.S. politics is that the Byzantine and loophole-riddled corporate tax code needs reform.

Tax havens are partly to blame for the rising level of income inequality, according to a new report from Oxfam America.

European Union lawmakers said governments that give multibillion-euro tax subsidies to big companies shouldn’t get to pocket the money themselves if regulators order them to claw back illegal state aid.

Apple Inc. may be facing a hefty tax bill in Europe.

Bloomberg BNA is releasing its annual report on the year ahead in tax and accounting, containing a collection of over 20 articles from its reporters on the outlook for tax legislation, international taxation, state taxes, Supreme Court tax cases, accounting standards and other topics.

The European Union ordered Belgium to recover about 700 million euros ($762 million) in illegal tax breaks given to at least 35 companies, including Anheuser-Busch InBev NVand BP Plc, as regulators continued a crackdown on overly generous tax schemes throughout the 28-nation bloc.

The Swiss bank used by the convicted con man known as “The Wolf of Wall Street” agreed to pay almost $188 million to avoid prosecution for helping U.S. clients avoid taxes through such methods as providing untraceable gold bars and cash.

Julius Baer Group Ltd., Switzerland’s third- largest wealth manager, said it expects to pay about $547 million to settle a U.S. investigation into how it helped Americans evade taxes.

The House and Senate held hearings Tuesday on the Organization for Economic Cooperation and Development’s Base Erosion and Profit Shifting action plan, also known as OECD BEPS, for combating tax avoidance by multinational corporations.

Deutsche Bank AG’s Swiss unit agreed to pay $31 million to receive a non-prosecution agreement in a U.S. probe of banks in Switzerland that helped Americans evade taxes.

World leaders threw their weight behind a set of tax reforms for multinational corporations during a meeting in Turkey this week, endorsing the Organization for Economic Cooperation and Development’s Base Erosion and Profit Shifting, or BEPS, action plan.