Apple Tax Avoidance Plan Laid Bare in Leaked ‘Paradise Papers’ Documents

HIGHLIGHTS Apple shifted its offshore wealth from Ireland to a tax haven Apple confirmed the move in an online post The move was to ensure US tax obligations weren’t reduced Apple shifted much of its offshore wealth from Ireland to a tax haven in the British Isles, according a review of leaked Paradise Papers documents Monday. Apple confirmed the move in an online post, saying it served to “ensure that tax obligations and payments to the US were not reduced.” After the US technology colossus stated publicly in 2013 that it was…

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White House looking for health-care vote this summer, tax reform in fall

  The White House is hoping to kick-start its stalled legislative agenda with congressional action on health-care reform this summer that will clear the way for lawmakers to begin work on a major tax bill after the Sept. 4 Labor Day holiday, an administration official said on Monday. Senate Republicans will vote on their version of health-care reform legislation before lawmakers’ August recess, White House Director of Legislative Affairs Marc Short said. The House of Representatives passed a bill in May. “There’s been a lot of discussions with staff,” Short…

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How GOP sabotage is creating an unintended ‘Trump tax’

The best thing we can do… is let Obamacare explode. Let it be a disaster because we can blame that on the Democrats.” – President Trump Congressional Republicans may be hitting legislative roadblocks on their quest to enact repeal of the Affordable Care Act (ACA), but their efforts to sabotage the law by undermining health insurance markets are already achieving success. And the result is raising Americans’ health care costs – creating a Trump Tax. President Trump has outright admitted this sabotage should be the Republican strategy stating: “The best…

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After Bihar’s Tax On Samosas, Kerala’s Tax On Burgers, Pizzas

KERALA:  HIGHLIGHTS 14.5% tax for chains like McDonald’s that sell junk food Tax will bring in 10 crores a year: government Kerala “fat tax” revealed in new government budget Kerala has a new incentive to count calories. The Left government headed by Pinarayi Vijayan has introduced a “fat tax” of 14.5 per cent on restaurants that sell junk food like burgers, pizzas and doughnuts. The new tariff will apply to chains like McDonald’s and Domino’s and it’s up to them to decide whether to pass on the cost to customers…

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