O chairman of Google, Eric Schmidt, once admitted to be very proud of the tax scheme that the company had managed to assemble and that helped save large amounts of money in that situation Normal would be “sucked” by taxes. It is one of the best examples of awareness about what the large multinationals are in favor of tax evasion.
Strictly speaking neither company is doing something illegal. What technology such as Google, Apple, Facebook or Yahoo! do is take advantage of legal loopholes that exist to avoid paying taxes. Open subsidiaries in “tax havens” such as Ireland and it is there that are taxed revenue from all European countries.
Many European governments are willing to change this situation and asked for help to the Organization for Economic Cooperation and Development (OECD). The first response came yesterday, September 16, with the publication of a set of recommendations on what should be done to avoid the schemes of tax evasion.
The recommendations, which can be read in full here, including measures such as new treaties between countries to counteract the effects of fiscal assembled networks by enterprises, prevent the misuse of tax treaties and greater transparency of the companies against revenue by country.
But this must be a joint effort simply because some countries do not put into practice the “best practices” established by the OECD for the tax system continues to have “holes”.
The announcement of recommendations comes just days before a meeting of finance ministers of the 20 largest economies in the world, with the issue of tax evasion will be one of the topics in focus, explains Bloomberg.
Written under the new Orthographic Agreement
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