Guest view: A new blueprint for corporate tax

September 30, 2016

Europe's complaint against Ireland and Apple reflects a problem bigger than any one company or country. The global approach to tax is past its sell-by date. A system based on revenue location, and that treats multinationals as single entities, could share the pie more fairly.

Indonesia cashes in on model tax amnesty

September 28, 2016

Citizens have admitted hiding almost $200 bln in what is shaping up to be one of the world's more effective schemes. Success stems from low charges, credible government, and big penalties for abstainers. The global backdrop makes it a good time for other countries to strike.

Dublin faces fiendishly tough call on Apple appeal

September 2, 2016

Ireland has a stark choice: take 13 bln euros from the tech giant in back tax and hurt its standing with multinationals, or keep its national business model intact. With Brexit looming, the safe choice is to appeal. But the country has more scope to annoy Apple than it did.

Apple’s tax spat could blight European banks

August 31, 2016

The tech giant’s $14.5 bln EU tax bill has shades of a $9 bln U.S. fine handed to BNP Paribas in 2014. Despite big differences, both have the whiff of a transatlantic raid on those deemed able to pay. EU banks awaiting U.S. fines, like Deutsche Bank and RBS, have cause to fret.

Europe’s bite at Apple could leave bad aftertaste

August 30, 2016

The European Commission wants companies to pay their fair share of tax. Zeroing in on Apple’s alleged sweetheart deal with Ireland fits that agenda. But it could misfire. Reeling from Brexit, Dublin might feel pressure to make itself even more friendly to corporate taxpayers

Hillary Clinton slips through Trump tax loophole

August 12, 2016

The Democratic nominee revealed that she paid a 34 pct tax rate last year. Over $10 mln of income also cements her in the 1 pct with inequality an election focus. Trump's refusal to release his own returns makes Clinton's wealth and its origins harder for Republicans to assail.

Tax overhaul boosts Modi’s reform credentials

August 3, 2016

India is set to pass a bill paving a path to a long-awaited goods and services tax. Exemptions will dilute the potential boost to growth. But the bill is evidence that the prime minister can compromise to get things done. That bodes well for a long wish list of other reforms.

Cox: Trump’s taxes underscore bizarre campaign

By Rob Cox
August 2, 2016

The GOP candidate is being goaded reality-TV style by Warren Buffett and Mark Cuban to disclose his IRS returns. At stake isn't just whether he paid enough as with Mitt Romney. Rather, Trump's billionaire bona fides are in question despite an election pegged on income inequality.

Hillary Clinton’s 1 pct dilemma gets more awkward

July 26, 2016

Progressive Senators Sanders and Warren kicked off the Democratic convention blasting the rich. With inequality atop the party platform, they expect Clinton to rein in millionaires. They are her biggest donors, however, meaning she'll be forced to ignore them at her coronation.

U.S. anti-inversion push has a harmful flipside

July 7, 2016

Treasury's plan to rein in tax-motivated overseas M&A takes aim at intercompany loans. It's a good idea to curb so-called earnings stripping where deductible interest is sent to an overseas parent. The proposed rule is broad, however, and could hurt normal funding practices.