On Thursday, June 18th the US Senate Homeland Security and Governmental Affairs Committee will hold a hearing on the Incorporation Transparency and Law Enforcement Assistance
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Tax is a big deal
AccountingWEB in the US has reported the comments of IRS Commissioner Doug Shulman to the OECD on 2 June. He said a lot. I highlight:
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Microsoft say it will leave, blah, blah, blah
Microsoft contemplates move over tax deferral rules – Accountancy Age. Software giant Microsoft has issued a stern threat to the Obama administration over its concerns
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Delaware: it’s legal but it’s not OK
From the New York Times: Critics of the arrangement in Delaware say it cheats state governments out of money. Delaware, these people say, has created
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The Netherlands – home of US profits
SOMO in the Netherlands has issued the following note in response to the Dutch furore at being described as a tax haven by the USA:
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GSK accused of earnings stripping
Jesses Drucker is a good tax journalist, and I’ve had the privilege of working with him. In a new Wall Street Journal article he notes
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Don’t get any ideas Delaware
Excellent news from the Las Vegas Review: President Barack Obama’s plan to limit tax breaks for multinational companies will include an amendment that affects alleged
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Dutch bluff
The US publication The Hill has reported: The White House on Monday angered the Dutch Embassy by lumping the Netherlands in with a group of
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Obama goes for offshore
These are today’s press releases from the White House: Leveling the Playing Field: Curbing Tax Havens and Removing Tax Incentives For Shifting Jobs Overseas There
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