Monday, May 25, 2015

European Commission investigates Amazon, Google, Apple and Starbucks … – Etc.

The European Commission is forcing Amazon to change their Prosecutors tactics in Europe, due to research which is subject to see if you received tax preferences from the government of Luxembourg .

The announcement comes to check what predicted by The Wall Street Journal who Sunday announced that Amazon would have to declare their earnings per country so that the Commission can not conclude whether mobilized their taxes through a “tax haven” European , in this case, Luxembourg.

Amazon is not the only company under investigation by the European Union (EU ). Companies like Apple, Google, Cisco Systems and Starbucks are also accused of making tax rulling . This process involves concentrating all business transactions in a single country, which lower taxes or charges which can reach an agreement to reduce tax expenditures.

While the tax rulling by the EU is approved, the investigating commission considers that the aforementioned companies, in collusion with the governments concerned, were misapplied procedures seeking to provide facilities to the transnationals.

For example, Amazon spends only 2% of their profits in Europe to pay taxes.

Some of the nations surveyed, you will have to repay the missing taxes EU of being found guilty are France, Spain, United Kingdom, Luxembourg and the Netherlands.

(With information from El País )

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