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This week in tax: Commission ends state aid probes into Fiat, Amazon and Starbucks

by usoftax_admin | Nov 29, 2024 | Tax News

The investigations dated back to 2015 and alleged that the companies received huge financial advantages from TP rulings; in other news, Australia is set to adopt a CbCR regime

Police Detain 32 People In Raids On €297M VAT Fraud Network

by usoftax_admin | Nov 28, 2024 | Tax News

Police have detained more than 30 people in raids on a €297 million ($313 million) value-added tax fraud network that spanned 16 EU countries, the European Public Prosecutor’s Office said Thursday.

EU Closes Tax Investigations Into Amazon, Fiat, Starbucks

by usoftax_admin | Nov 28, 2024 | Tax News

The European Commission said Thursday that it is closing tax investigations into three multinational companies — Amazon, Fiat and Starbucks — following a series of high-profile court decisions.

Ex-HMRC Compliance Officer Helped Husband Launder £3M

by usoftax_admin | Nov 28, 2024 | Tax News

A former compliance officer with HM Revenue and Customs has been handed a suspended sentence for her role in a £3 million ($3.8 million) money laundering operation carried out by her husband, the Crown Prosecution Service has said.

AXA Loses Time Limits Appeal In HMRC Foreign Tax Claim

by usoftax_admin | Nov 28, 2024 | Tax News

Insurer AXA has lost its fight over time limits for bringing claims for restitution against the British tax authority over taxes collected in violation of European Union law, as a London appeals court ruled that the limits could not be extended.
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