Tax avoidance

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.

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.

Amazon.com Inc. and Starbucks Corp. were picked out by Britain’s top competition cop in a warning over tax arrangements that may help big companies thwart smaller rivals.

The Internal Revenue Service is hoping to expand the number of states who share data with the IRS as part of a joint federal and state program that’s trying to crack down on tax evasion.

Bankers, athletes and celebrities are suing Ingenious Media Holdings Plc, saying that they were misled about investments in the film industry that were later branded tax avoidance by the U.K. government.

Apple Inc. must still pay 5 billion euros ($5.8 billion) to comply with a European Union back-tax order, nearly two years after the company’s fiscal deals with Ireland were ruled illegal.

It’s easy to be outraged about multinational corporations’ shifting of profits to tax havens, but much harder to figure out how to stop them from doing it without hurting the economy. Evidence exists that curbing tax avoidance opportunities makes these firms move actual jobs, not just accounting profits, overseas.

The European Union is on course to hand dozens of U.K.-based companies a pre-Brexit tax bombshell, according to people familiar with a state-aid probe that could lead to bills exceeding 1 billion pounds ($1.3 billion).

The U.S. lost a bid to help Apple Inc.’s court fight against the European Union’s order to pay Ireland a record 13 billion euros ($15.3 billion) in unpaid taxes.

A key figure disappeared from Apple Inc.’s latest quarterly report. It’s also gone from the regulatory filings of Netflix Inc., Microsoft Corp., Google’s Alphabet Inc. and Oracle Corp.

The iPhone maker will start transferring billions of euros to Ireland within months, after reaching a deal on an account to hold the cash while it fights a European tax case.

Vague disclosures by public companies about how much they’re paying in taxes don’t appear to be deterring investors, according to a new study.

The Internal Revenue Service provided additional information Tuesday to help corporate taxpayers deal with the new section 965 transition tax for repatriating foreign profits under the tax law that Congress passed in December.

The Internal Revenue Service said Tuesday it plans to close the 2014 Offshore Voluntary Disclosure Program on Sept. 28, 2018 and will start winding it down before that date.

Alphabet Inc.’s Google moved 15.9 billion euros ($19.2 billion) to a Bermuda shell company in 2016, saving at least $3.7 billion in taxes that year, regulatory filings in the Netherlands show.

Ikea is the latest company ensnared in the European Union’s sprawling tax probes as regulators look at whether the retailer’s revenue deals in the Netherlands allowed it to avoid hundreds of millions of euros of taxes.

Amazon.com Inc. will pay 100 million euros ($118 million) to the Italian tax authorities for the period of 2011-2015 in a settlement that closes the fiscal probe by the country’s tax police, Italy’s Revenue Agency said in an emailed statement Friday.