Tax avoidance

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).