Tag Archives: US

  US-linked Cadburys UK Pays No UK Corporation Tax • Cadburys used to be a British chocolate company. Then it got taken over by US Kraft Foods, later Mondelez. At the time of the take-over the UK government spun all … Continue reading

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Europe to Investigate McDonald’s Tax Links to Luxembourg

• The European Commission has announced an investigation into McDonalds’s tax arrangements with Luxembourg. • The issue is whether its special favoured treatment by Luxembourg amounted to illegal state aid. It is reported the deal let McDonalds pay no, or … Continue reading

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US Starbucks Finally Declares a UK Profit

After 17 years, cumulative turnover of over £3bn and a lot of criticism about its tax position, the US company Starbucks has finally declared a small profit on its UK business. From nearly 800 outlets and franchises it only managed … Continue reading

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US Proposing Taking UK Share of Profits Made by US Companies in UK – No Taxation Without Representation ?

US multi-nationals holding profits in offshore tax havens to avoid normal tax rates is a major international problem. The US government is proposing a special catch-up tax of about 14% on the profits stashed overseas, followed by around 19% of … Continue reading

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China Ahead China v US Tax Disputes

China is pulling ahead in the ongoing China vs. US international tax disputes row. With each side throwing claim and counter-claim about it is impossible to untangle who started it or who is really to blame. The main weapon used … Continue reading

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China and Change to Rare Earths Taxation

Tax is often used as a leverage in power politics, always has, always will. Internationally I see China is considering a change to the way it taxes rare earths exports. This matters globally as rare earths are a group of … Continue reading

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Charities and UK Tax Break

The Charities Aid Foundation (CAF) has reported the UK should not try to copy US-style tax incentives for charities. As a tax barrister I agree. The US tax system for charities reflects the culture of philanthropy there, the UK has … Continue reading

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