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EU launches probe into UK tax scheme for multinationals

BRUSSELS: The EU on Thursday announced a major probe into a British scheme protecting multinationals from tax avoidance rules, in the latest move in...

Multinationals hit by vast wave of cyberattacks

KIEV: Several multinational companies said on Tuesday they were targeted in a massive wave of cyberattacks which started in Russia and Ukraine before spreading...

G20 ministers urge tighter tax rules for multinationals

CHENGDU: The world's major economies need to deepen cooperation on tax collection and information sharing as companies seek to minimise the amount they pay to governments, finance ministers said Saturday.

Google to pay £130 mn to Britain in back taxes

LONDON: Technology giant Google is to pay £130 million (172 million euros, $185.4 million) in back taxes to Britain following a government inquiry into its tax arrangements, a company spokeswoman said Friday.

Britain targets multinationals that try to dodge taxes

LONDON: Britain plans to introduce a tax to target multinationals such as Google Inc and Amazon Inc accused of using complex accounting schemes to cut their payments on earnings in the country.

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