“Europe’s top court has rejected the UK’s challenge to the introduction of an EU financial transactions tax (FTT), which ministers have said will damage British firms. The European Court of Justice (ECJ) said the UK could not block the levy on trades on the grounds that it would affect British banks. The FTT will be […]
Archive | April, 2014
The Financial Times has an editorial (29 April) on the influence of tax on the approach by Pfizer for Astra Zenaca and poses some questions but does not go far enough, it doesn’t address the possible consequences on tax policy and of the OECD BEPS project on corporate ownership. Pfizer has a cash mountain held […]
For those of you interested in the full document on Caterpillar, I’ve uploaded it in the Transfer Pricing page.
Caterpillar and the US Senate Hearings – Part II : Are we any clearer on what the spirit of US tax is as a result?
In my blog of 2 April 2014 “Ways of Seeing – Senate Hearings on Caterpillar” I posed the question as to how the different ways of seeing the same issue were possible. I quoted from the Financial Times reporting on the US Senate’s hearings: “Julie Lagacy, Caterpillar’s vice-president of finance services, and Robin Beran, the […]
Coal continues to have a large role in world power generation, but the question has to be asked why it still plays such a large part in EU power generation? Isn’t EU policy about reducing European reliance on carbon power sources? Well part of the reasons for coal’s continued role lies in some European policy […]
For the last four years, developing country tax administrations have been seeking business involvement in educating those tax administrations about multinational business models. Multilateral institutions such as the OECD, World Bank and IMF have been trying to get this to work. There has been a lot of talk from business, but to date little action. […]
I’ve been re-reading a book by John Berger about how we see and describe art – “Ways of Seeing”. The book starts : “Seeing comes before words. The child looks and recognises before it can speak. But there is also another sense in which seeing comes before words. It is seeing which establishes our place […]