International taxes

Austria is trying to free about 70 billion euros ($80 billion) of capital locked in a “golden cage” the country created a few decades ago.

The widow of a onetime Frenchman billionaire won a round of her fight against a criminal tax investigation linked to the Panama Papers leak that initially targeted her husband.

Tax authorities swooped in on Walt Disney Co.’s Paris premises last year hunting for evidence to determine whether the entertainment giant improperly shifted revenue abroad, according to a series of court rulings from this month that tossed out claims the raids were illegal.

Major changes in last year’s tax overhaul include the so-called GILTI provisions, and the IRS has issued proposed regulations for them.

Resistance continues against a levy that divides the region’s governments and threatens to fragment its single market.

The chief executive officer of Denmark’s biggest fund will step down for allegedly trying to dodge Swiss taxes while running a unit of Nordea Bank a decade ago.

Many U.S. multinational corporations have packed up or are choosing to open subsidiaries in low-tax, rather than no-tax, countries that are seen as more legitimate than the formerly popular island destinations of the Cayman Islands and the Bahamas.

Some see the DST as a ‘revenue grab’ that’s punishing American tech companies.

LG Chairman Koo Kwang-mo would be a billionaire in most countries.

A prosecutor at a high-profile Paris trial said UBS Group AG must be “punished” by a court for helping wealthy French clients hide money from tax authorities.

French Finance Minister Bruno Le Maire’s efforts to rally his European Union colleagues around a new tax on tech giants fell short.

Finance ministers are trying to strike a balance between luring business and addressing popular discontent about companies not paying their fair share.

The U.K. just joined a growing array of countries telling Big Tech it’s time to pay up.

Alphabet, Facebook and Amazon are among the U.S.-based multinationals facing the new levy.

The bank repeatedly attacked the credibility of witnesses and insisted it had no knowledge about clients evading taxes.

A prosecutor in a high-profile French tax case questioned why UBS Group AG systematically destroyed handwritten notebooks detailing the movement of French clients’ funds to surrounding lower-tax countries.

Banco Santander SA became the latest addition to a long list of banks targeted by German prosecutors over controversial tax-driven transactions known as “Cum-Ex” that may have cost the German state about 10 billion euros ($11.5 billion).

U.S. corporations have largely abandoned the contentious deals that allowed them to shift their addresses abroad for a lower tax rate. Yet a key part of the transactions is continuing quietly even after President Donald Trump’s tax overhaul.

A former Julius Baer banker who leaked documents from a Cayman Islands subsidiary was cleared of breaking Swiss banking secrecy by Switzerland’s top court, creating possible problems for how the Alpine nation’s banks manage their foreign units.

Ordinary families might stash spare cash under a mattress or in a safety deposit box. South Korea’s Lee family are so rich they spent years leaving billions of dollars under the names of their employees.