France will “go all the way” to ensure multinationals operating on its soil pay their taxes while more cases could follow after Google and McDonald’s were targeted in tax raids, the finance minister, Michel Sapin, has said.
Sapin also ruled out negotiating a deal with Google on back taxes, as Britain did in January. “We’ll go all the way. There could be other cases,” Sapin said.
- Italian designer duo were convicted last year of £860m of tax evasion
- Given to one year and eight months jail and ordered to pay compensation
- However an Italian prosecutor has now declared the pair innocent
Jail-house stripes look like last season’s trend as fashion designers Domenico Dolce and Stefano Gabbana are set to be acquitted of tax fraud, after an Italian prosecutor declared them innocent. The world famous design duo were sentenced to one year and eight months in jail last year after being convicted of evading taxes on almost one billion euros.
Apple, the US tech company is facing a government investigation after it was accused of evading billions of dollars in US taxes by using Ireland as a tax haven.
The investigation has uncovered a sophisticated scheme involving the creation of an international web of subsidiaries, reports the New York Times.
More than 100 of Britain’s richest people have been caught hiding billions of pounds in secretive offshore havens, sparking an unprecedented global tax evasion investigation.
George Osborne, the chancellor, warned the alleged tax evaders, and a further 200 accountants and advisers accused of helping them cheat the taxman: “The message is simple: if you evade tax, we’re coming after you.”