Europe, Middle East and Africa Oil and Gas Correspondent
Tom's Feed
May 21, 2013

The Irish loophole behind Apple’s low tax bill

LONDON (Reuters) – Apple’s ability to shelter billions of dollars of income from tax has hinged on an unusual loophole in the Irish tax code that helps the country compete with other countries for investment and jobs.

A U.S. Senate investigation revealed on Monday that Apple, maker of iPhones, iPads and Mac computers, had channeled profits into Irish-incorporated subsidiaries that had “no declared tax residency anywhere in the world”.

May 20, 2013

Labour calls for country-by-country tax reporting

LONDON (Reuters) – The Labour party, tapping into widening public anger over corporate tax avoidance, wants the government to push for new international rules to force companies to report profit and tax payments country-by-country.

Campaigners say the move, which is receiving increased support internationally despite strong opposition from business, would deter companies from shifting profit into tax havens where they have no staff or sales.

May 19, 2013

Labour party calls for country-by-country tax reporting

LONDON (Reuters) – Opposition Labour party, tapping into widening public anger over corporate tax avoidance, wants the government to push for new international rules to force companies to report profit and tax payments country-by-country.

Campaigners say the move, which is receiving increased support internationally despite strong opposition from business, would deter companies from shifting profit into tax havens where they have no staff or sales.

May 19, 2013

UK opposition calls for country-by-country tax reporting

LONDON (Reuters) – Britain’s opposition Labour party, tapping into widening public anger over corporate tax avoidance, wants the government to push for new international rules to force companies to report profit and tax payments country-by-country.

Campaigners say the move, which is receiving increased support internationally despite strong opposition from business, would deter companies from shifting profit into tax havens where they have no staff or sales.

May 17, 2013

After Google, Amazon to be grilled on UK tax presence

LONDON (Reuters) – Internet retailer Amazon.com Inc. will be called back to the British parliament to clarify how its activities in the UK justify its low corporate income tax bill, two lawmakers told Reuters.

Amazon will follow search giant Google, which attended another grilling by parliament’s Public Affairs Committee (PAC) over its tax affairs on Thursday. A Reuters report earlier this month raised questions over Google’s earlier assertions that its UK-based staff don’t sell to customers.

May 17, 2013

MPs challenge Google’s ‘smoke and mirrors’ on tax

LONDON (Reuters) – Google Inc faced angry questions on Thursday from MPs investigating its tax affairs and whether it had misled parliament in testimony last year, adding fuel to a debate on taxation that has risen to the top of the UK political agenda.

Google’s Northern Europe boss, Matt Brittin, was called back to testify to parliament’s Public Accounts Committee (PAC) after a Reuters investigation showed the company employed staff in sales roles in London, even though he had told the committee in November its British staff were not “selling” to UK clients.

May 16, 2013

UK lawmakers challenge Google’s “smoke and mirrors” on tax

LONDON, May 16 (Reuters) – Google Inc faced angry
questions on Thursday from British lawmakers investigating its
tax affairs and whether it had misled parliament in testimony
last year, adding fuel to a debate on taxation that has risen to
the top of the UK political agenda.

Google’s Northern Europe boss, Matt Brittin, was called back
to testify to parliament’s Public Accounts Committee (PAC) after
a Reuters investigation showed the company employed staff in
sales roles in London, even though he had told the committee in
November its British staff were not “selling” to UK clients.

May 16, 2013

MPs find Google misleading on tax

LONDON (Reuters) – Google Inc faced angry questions on Thursday from MPs investigating its tax affairs and whether it had misled parliament in testimony last year.

Google’s Northern Europe boss, Matt Brittin, was called back to testify to parliament’s Public Accounts Committee (PAC) after a Reuters investigation showed the company employed staff in sales roles in London, even though he had told the committee in November its British staff didn’t sell to UK clients.

May 16, 2013

UK lawmakers find Google misleading on tax

LONDON, May 16 (Reuters) – Google Inc faced angry
questions on Thursday from British lawmakers investigating its
tax affairs and whether it had misled parliament in testimony
last year.

Google’s Northern Europe boss, Matt Brittin, was called back
to testify to parliament’s Public Accounts Committee (PAC) after
a Reuters investigation showed the company employed staff in
sales roles in London, even though he had told the committee in
November its British staff didn’t sell to UK clients.

May 15, 2013

Google to face MPs again over tax

LONDON (Reuters) – Google Inc faces another grilling over its tax affairs from a committee of MPs on Thursday who have called the company back after questions were raised about testimony given in an earlier hearing.

Corporate tax avoidance has become a major issue in Britain, where there are concerns over rising government debt and accusations from MPs that the UK tax authority has adopted a light touch approach to taxing big businesses.

    • About Tom

      "Tom leads our coverage of the oil and gas industry in Europe, the Middle East and Africa and is also author of 'Spills & Spin: The Inside Story of BP'. A former oil broker who turned to journalism 12 years ago, he is regularly interviewed on CNBC and other TV and radio stations on energy matters. Tom has reported from over twenty countries including Iran, Iraq, India, Pakistan, Tanzania, the U.S. and Russia. As Europe, Middle East and Africa Oil & Gas Correspondent, he has chartered the rise in oil prices to record levels, interviewed oil ministers and the CEOs of ..."
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