Claims tagged with "Tax"

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Merck has been reaping tax benefits from producing Keytruda in Ireland. 0.900

👤 The author 📋 News Article 🏷️ Tax , Business

Simplified: Merck has been reaping tax benefits from producing Keytruda in Ireland.

1 sources

1 day ago
There was some sense of relief in Ireland that the 15 percent tariff was not higher, said Neil McGowan, an organizer for an Irish union that represents thousands of pharmaceutical workers. 0.900

👤 Neil McGowan 📋 News Article 🏷️ Tax , Economic

Simplified: Neil McGowan said there was some sense of relief in Ireland that the 15 percent tariff was not higher.

1 sources

1 day ago
Irish officials said their country should not be dismissed as a tax shelter, pointing to the tens of thousands of Irish workers employed by multinational pharma companies. 0.900

👤 Irish officials 📋 News Article 🏷️ Tax , Economic

Simplified: Irish officials said Ireland should not be dismissed as a tax shelter pointing to Irish workers employed by multinational pharma companies.

1 sources

1 day ago
Over the past decade, global tax authorities have increasingly cracked down on such tactics. 0.900

👤 The author 📋 News Article 🏷️ Tax , Regulation

Simplified: Over the past decade global tax authorities have increasingly cracked down on tax avoidance tactics.

1 sources

1 day ago
This arrangement has allowed pharmaceutical companies to move profits out of Ireland and book them in tax havens like Bermuda or the Cayman Islands, which impose no income taxes at all, and where comp... 0.900

👤 The author 📋 News Article 🏷️ Tax , Business

Simplified: Licensing arrangement has allowed pharmaceutical companies to move profits out of Ireland and book them in tax havens like Bermuda or the Cayman Islan...

1 sources

1 day ago
Today, a vast majority of Ireland’s corporate tax revenue comes from multinational drug companies and tech giants, which have also used Ireland to shift profits. 0.900

👤 The author 📋 News Article 🏷️ Tax , Economic

Simplified: A vast majority of Ireland’s corporate tax revenue comes from multinational drug companies and tech giants.

1 sources

1 day ago
Where a company holds its intellectual property is more important for its tax bill than the location of its manufacturing, tax experts said. 0.900

👤 Tax experts 📋 News Article 🏷️ Tax , Business , Economic

Simplified: Tax experts said where a company holds its intellectual property is more important for its tax bill than manufacturing location.

1 sources

1 day ago
He called for lower tax rates for companies making products in the United States. 0.900

👤 David Ricks 📋 News Article 🏷️ Tax , Business , Economic

Simplified: David Ricks called for lower tax rates for companies making products in the United States.

1 sources

1 day ago
Changing U.S. tax rules could more directly address the incentives that are motivating drugmakers, they said. 0.900

👤 Tax experts and pharmaceutical executives 📋 News Article 🏷️ Tax , Business , Economic , Regulation

Simplified: Changing US tax rules could more directly address incentives motivating drugmakers.

1 sources

1 day ago
Lower tax rates overseas “drove a lot of the innovative companies to make drugs in low-tax islands like Ireland and Singapore and Switzerland,” said David Ricks, chief executive of Eli Lilly. 0.900

👤 David Ricks 📋 News Article 🏷️ Tax , Business , Economic

Simplified: David Ricks said lower tax rates overseas drove innovative companies to make drugs in low-tax islands like Ireland Singapore Switzerland.

1 sources

1 day ago
Howard Lutnick, the commerce secretary, said in an interview the same month that Ireland was running a “tax scam” that American tech and pharma companies were exploiting. 0.900

👤 Howard Lutnick 📋 News Article 🏷️ Tax , Business , Government

Simplified: Commerce Secretary Howard Lutnick said Ireland was running a tax scam that American tech and pharma companies were exploiting.

1 sources

1 day ago
Tax experts and pharmaceutical executives have said that tariffs would be at best a blunt instrument for discouraging corporate activity in Ireland. 0.900

👤 Tax experts and pharmaceutical executives 📋 News Article 🏷️ Tax , Business , Economic

Simplified: Tax experts pharmaceutical executives said tariffs would be a blunt instrument for discouraging corporate activity in Ireland.

1 sources

1 day ago
The I.R.S. is in the middle of trying to put in place the new tax law Republicans passed last month, a process that includes ironing out the final details of Mr. Trump’s campaign promises to not tax o... 0.900

👤 The author 📋 News Article 🏷️ Government , IRS , Tax

Simplified: The IRS is trying to implement the new Republican tax law.

1 sources

1 day ago
The agency had to walk back both remarks. 0.900

👤 The author 📋 News Article 🏷️ Government , IRS , Tax

Simplified: The IRS had to walk back Long's remarks.

1 sources

1 day ago
Such a change would delay the ability of millions to receive their annual tax refunds, a vital source of cash for low-income Americans. 0.900

👤 The author 📋 News Article 🏷️ Government , IRS , Tax , Financial

Simplified: A delayed tax filing season would delay tax refunds for millions of low-income Americans.

1 sources

1 day ago
He also said the agency’s Direct File program, which allows Americans to file their taxes online with the I.R.S. for free, was dead. 0.900

👤 The author 📋 News Article 🏷️ Government , IRS , Tax

Simplified: Long said the IRS's Direct File program was dead.

1 sources

1 day ago
At a conference of tax professionals in Utah in July, Mr. Long said next year’s tax filing season would start later than normal, a sign of potential disarray at the agency that would come with real re... 0.900

👤 The author 📋 News Article 🏷️ Government , IRS , Tax

Simplified: Long said next year's tax filing season would start later than normal in Utah.

1 sources

1 day ago
Some employees continued to work overtime as they tried to clear a backlog of international tax returns and correspondence. 0.900

👤 The author 📋 News Article 🏷️ Government , IRS , Tax

Simplified: Some IRS employees worked overtime to clear a backlog of international tax returns.

1 sources

1 day ago
The only tax work Mr. Long had ever done was pitching small businesses, nonprofits and friends on a pair of tax credits — one riddled with fraud that the I.R.S. had been trying to close down and anoth... 0.900

👤 The author 📋 News Article 🏷️ Government , IRS , Tax

Simplified: Long's tax work involved pitching tax credits one riddled with fraud and another nonexistent.

1 sources

1 day ago
“And it’s so large, it’s unlikely it has paid taxes even if it has had positive taxable income in recent years.” 0.800

👤 Gregg Polsky 📋 News Article 🏷️ Business , Finance , Tax

Simplified: SpaceX unlikely paid taxes even with positive taxable income in recent years according to Gregg Polsky

1 sources

1 day ago