Sentences with phrase «billion in back taxes»

The Internal Revenue Service paid out US$ 104 million to one snitch after collecting US$ 5 billion in back taxes from Swiss banks.

Earlier this month, Texaco disclosed that the Internal Revenue Service might seek $ 6.5 billion in back taxes.

The IRS claimed $ 12.5 billion in back taxes from Washington Mutual, Inc..

The company is being pursued for $ 14.5 billion in back taxes after European regulators ruled that its old tax structure amounted to illegal state aid from the Irish government.

Apple is being pursued for $ 14.5 billion in back taxes after European regulators ruled that its old tax structure amounted to illegal state aid from the Irish government.

Maybe you heard: Apple owes up to $ 13 billion in back taxes, plus interest, to Ireland.

WASHINGTON (AP)-- U.S. Treasury Secretary Jacob Lew on Wednesday criticized a European ruling that Apple owes more than $ 14.5 billion in back taxes.

Apple will start paying $ 16 billion in back taxes to Ireland.

The EU's executive commission ordered Ireland to collect $ 14.5 billion in back taxes from Apple.

The European Union found Tuesday that Apple contributed almost no tax on profits for sales across all EU nations and has been ordered to pay up to $ 14.5 billion in back taxes to Ireland.

The European Union on Tuesday ordered Ireland to collect up to $ 14.5 billion in back taxes, plus interest, from Apple Inc., after ruling that the technology giant cut an illegal deal that allowed it to pay almost no taxes from 2003 to 2014 on profits for sales throughout the 28 - nation region.

The European Union is trying to get Apple to pay about $ 15 billion in back taxes, but Apple disputes the finding.

The European Commission ruling that Apple owes Ireland $ 14.6 billion in back taxes is inappropriate, said Lew, who stressed he has conveyed that message to European regulators.

Not exact matches

The No. 1 U.S. mortgage financing company swung back from a net loss of $ 6.53 billion in the fourth quarter due to a $ 9.9 billion writedown of its deferred tax assets tied to the sweeping federal tax...

Into that mix, the tax cut legislation would put tens of billions of dollars back in the hands of corporations and households.

The company holds $ 181.1 billion in offshore profits, more than any other U.S. company, and would owe an estimated $ 59.2 billion in taxes if it tried to bring the money back to the U.S., a recent study based on SEC filings showed.

On top of that, the tech giants are staring at a drop in corporate taxes starting in 2018, and they can bring some of the many billions of dollars they have stashed overseas back to the U.S. at a dramatically reduced tax rate.

It said it expects to pay about $ 38 billion in taxes for the horde of cash it plans to bring back to the United States.

Apple expects to pay about $ 38 billion in taxes for the horde of cash it plans to bring back to the United States.

Be it the Conservatives» call to cut $ 11 billion in government expenditures or the Liberals» plan to raise corporate taxes by 1.5 percentage points back to 2010 levels, these are issues of substance.

Perhaps to compensate, the city has reportedly offered to give $ 1.32 billion in income taxes collected from Amazon workers back to the company.

Europe's second - highest court has rejected a request from the U.S. government to intervene in Apple's challenge against an EU order to pay back taxes of up to 13 billion euros ($ 15.3 billion) because it failed to prove a direct interest in the outcome of the case.

SAN FRANCISCO — Since Apple said in January that it would bring back most of the $ 252 billion it held abroad under the new tax law, investors have wondered what the company would do with the enormous cash pile.

With a mountain of overseas cash suddenly freed up by the tax overhaul, Apple bought back $ 23.5 billion of its own stock in the March quarter, a record amount for any U.S. company, according to S&P Dow Jones Indices, and it added $ 100 billion to its target for future repurchases.

Congress» last tax amnesty occurred in 2004, when global U.S. corporations brought back about $ 300 billion from overseas and paid a tax rate of just 5.25 percent rather than the regular 35 percent U.S. corporate rate.

Now that foreign profits will be taxed at a reduced rate, Apple will pay $ 38 billion of that in taxes to bring that money back.

Cisco said this month that in response to the tax package, it would bring back to the United States $ 67 billion of overseas cash, using $ 25 billion to finance additional share repurchases.

SAN FRANCISCO — Apple, which had long deferred paying taxes on its foreign earnings and had become synonymous with hoarding money overseas, unveiled plans on Wednesday that would bring back the vast majority of the $ 252 billion in cash that it held abroad and said it would make a sizable investment in the United States.

Companies like Microsoft, Alphabet and Cisco also shifted their profits into offshore shell companies, avoiding billions of dollars in taxes, and are now in a better position to bring the money back.

While a change on Monday restored a $ 3.2 billion middle - class provision allowing those enrolled in employer - sponsored dependent - care savings plans to deduct up to $ 5,000 from their taxes, a revision on Friday rolled back individual tax cuts by nearly $ 82 billion by indexing individual tax parameters to a different measure of inflation that tends to grow more slowly.

However, Congress began to pass budget - busting legislation back in 2015 by pursuing a permanent debt - financed doc fix followed by an even more costly tax extender (and omnibus appropriations) bill — at a total cost of over $ 100 billion in 2019.

Apple has already done a $ 17 billion bond offering (the company decided to borrow the money rather than pay the hefty U.S. taxes required to bring some offshore cash back home) in order to raise funds for a planned $ 60 billion share repurchase over three years.

I guess that in a world where 1.3 billion people live on less than a dollar a day, nothing threatens Christian values more than a man who wants to take our tax breaks back.

Rick Perry Im sure is a good person, but looking at 11 million uninsured, rampant illegal aliens roaming our cities, and 47th in education in Texas and most illiterate, with rising property taxes and $ 9 billion in state debt, its clear he just another ignorant redneck Texan holding back this state from moving forward in the 21st century!

The budget resolution backed by Republicans in the state Senate on Thursday rejects $ 1 billion in tax increases while also seeking to spend $ 265 million on fighting the opioid addiction epidemic and bolster school security in the wake of a high school shooting in Florida.

Back in 2003, for example, the Assembly and Senate overrode the governor's budget vetoes for the first time in two decades, increasing state taxes over Pataki's opposition to restore billions of dollars in spending on schools, hospitals, nursing homes and localities.

Can he confirm that the # 1 billion he is raising is less than the # 1.6 billion that he gave back in pension tax relief in June 2010?

Heastie backs a tax increase, meanwhile, on filers making more than $ 5 million, generating billions of dollars in new revenue he would want to see committed toward education.

Senate Republicans successfully pushed back Cuomo's call for $ 1 billion in new taxes and fees.

Faso has a long record of cutting taxes and closing budget deficits that go back to his tenure as Minority Leader in the Assembly, where he developed and pushed proposals that led to real balanced budgets — including the first reduction in state spending in decades while closing a $ 5 billion deficit.

He cited New York's steady outmigration (residents moving to other states) and dismal upstate economy and what he called Cuomo's shift from backing a property - tax cap in his first year to calling for $ 1 billion in new taxes and fees in this year's budget.

Only a small proportion of # 80 billion received by the government in housing tax receipts has gone back into the sector, a charity claims today.

Farley, a partner at the equity firm Mistral Capital, launched her effort with a video that borrowed an argument recently deployed by Democratic Gov. Andrew Cuomo: New York State pays roughly more in federal taxes ($ 40 billion in 2016, she noted) than it gets back in federal aid — money, Farley said, that could be used to rebuild state infrastructure and boost education, among other things.

The governor said the state could gain over $ 1 billion in tax revenue from the change, and the bill is backed by left - leaning and progressive groups.

«This proposal builds on the structure of the NYS Stock Transfer tax, where we currently collect $ 13.8 billion a year in a minuscule sales tax on stock transactions and then astonishingly rebate 100 percent right back to the brokers that pay it.

While New York sends more in tax dollars to Washington than we get back, over one - third, or $ 57 billion, of New York State's FY 2019 All Funds Budget is comprised of federal funds.

But the fee and tax increases are, especially for Senate Republicans, who are unlikely to want to back a budget that includes a $ 1 billion tax increase, especially in an election year.

New York in 2013 generated $ 19.9 billion more in taxes to the federal government than it received back.

«New York sent an estimated $ 40.9 billion more in tax payments to Washington in 2016 than it received back in federal spending,» DiNapoli said.

Since then, the gap in taxes paid and spending that comes back has doubled to $ 40.9 billion last year.