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Global corporate tax overhaul faces a rocky road to completion

Global corporate tax overhaul faces a rocky road to completion
business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.

Global corporate tax overhaul faces rocky road to completion - Netscape Money & Business

Global corporate tax overhaul faces rocky road to completion - Netscape Money & Business
netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.

Work from abroad initiative won t alter tax status in Ireland – Facebook

Allowing Facebook staff work from abroad won t alter tax status in Ireland, company says

Multiple jurisdictions The Revenue Commissioners said multinational business by its nature involved multiple jurisdictions. “Revenue administer corporation tax on a self-assessment basis, monitored by risk-focused compliance interventions,” the tax authority said. “It is a matter for each company to take decisions and make determinations in respect of its corporation tax obligations having regard to all the facts and circumstances, the relevant governing legislation and the guidance issued.” Behind the scenes, there is considerable alarm at the Department of Finance at the move by Facebook, with discussions understood to be ongoing between Merrion Street and Revenue. Sources pointed to the possible loss of income tax from workers who are not resident here, and there is worry that the Facebook move would set a precedent for other companies. One source described the move as “hugely worrying” and said that if it turned into a trend, it would present â

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