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Tax News

France urges G7 to find 'international solution' on digital taxes

Paris - French Finance Minister Bruno Le Maire on Tuesday urged the G7 club of top world economic powers to find an international solution to taxing digital giants at their meeting outside Paris this week.

New Greek PM promises tax cuts in first cabinet meet

Athens - Greece's new conservative Prime Minister Kyriakos Mitsotakis said on Wednesday he would honour a pledge to cut tax that could impact the country's tight fiscal targets.

French MPs approve digital tax, defying US ire

Paris - French lawmakers on Monday approved a new tax on digital giants such as Facebook and Apple that has angered the United States, with Finance Minister Bruno Le Maire boasting that France was proud to be in the vanguard of such a move.

French PM sees tax cuts as solution to 'yellow vest' anger

Paris - The French government must implement bold tax cuts in response to the "yellow vest" protests, Prime Minister Edouard Philippe argued Monday as he revealed the results of a major public consultation on the crisis.

'Nearly a third' of British billionaires moved to tax havens

London - Nearly a third of Britain's billionaires have either moved or are relocating to tax havens, where some have broken UK law by bankrolling political parties, a major investigation said on Thursday.

Tax reprieve for Dutch citizens in UK if no-deal Brexit

Den Haag - Tens-of-thousands of Dutch citizens living in Britain will have until the end of the year to get their taxes in order in case of a no-deal Brexit, the Dutch government said Monday.

OECD hopes for global digital tax by 2020

Davos - OECD Secretary-General Angel Gurria said Thursday he hopes to lay the foundations this year for an international tax on digital giants that could come into force in 2020.

EU wants end to member state veto on tax

Strasbourg - The European Commission on Tuesday proposed to end the veto power member states have over EU tax matters, an idea rejected by several smaller countries including low-tax hub Ireland.

Romania adopts 'greed tax' despite investor concerns

Bucharest - Romania's left-wing government on Friday issued a controversial emergency ordinance imposing new taxes on banks and energy companies, despite an outcry from investors.

A marijuana tax could help fix New York's crumbling subway system

New York City's subway system has been in a "state of emergency" for more than a year now, as Gov. Cuomo once described.

Trump fears sap EU digital tax plans

Apo - A top EU official Tuesday said the fear of retaliation by US President Donald Trump has blunted Germany's ambition for a European digital tax, with Paris and Berlin now proposing a scaled down version.

French PM confirms fuel tax suspensions, calls for calm

Paris - French Prime Minister Edouard Philippe announced Tuesday new concessions to "yellow vest" protesters, including the suspension for six months of planned tax increases raising the price of fuel.

French PM to announce suspension of fuel tax hikes: government sources

Paris - French Prime Minister Edouard Philippe is to announce on Tuesday a suspension of fuel tax increases planned for January 1 in a move to end violent "yellow vest" protests against the measure, government sources said Tuesday.

Germany, France 'in fresh push for EU financial transaction tax'

Frankfurt Am Main - Germany and France will on Monday seek to revive the long-delayed EU financial transaction tax by proposing that member states be allowed to use the revenues to reduce their EU budget contributions, a German newspaper reported.

Brussels backs efforts to save EU digital tax proposal

Lisbon - The European Commission on Wednesday urged backers of an EU-wide tax on high-tech giants to keep pushing the proposal, which has stalled due to opposition from Ireland and Nordic countries.

Spanish PM defies Supreme Court in tax row

Madrid - Spain's prime minister defied the Supreme Court in a rare move on Wednesday, stating that banks would now have to pay a mortgage tax instead of customers in opposition to what the highest court had ruled.

U.K. Government announces new plastics tax as part of new budget

The U.K. government is seeking to ramp up efforts to tackle the scourge of litter and waste from single-use plastics, proposing a new tax on plastic packaging, subject to consultation.

Italy's Di Maio says budget tampered with to favour 'mafia'

Rome - Italy's deputy prime minister accused an unknown adversary Wednesday of having tampered with the country's budget by secretly introducing tax measures to favour the mafia."A very serious thing has happened! The decree on 'fiscal peace'...

China star Fan apologises for tax evasion after order to pay $129m

Bejing - Chinese superstar Fan Bingbing took to social media for the first time in months Wednesday to apologise to fans and the Communist Party for tax evasion, shortly after news broke that authorities had ordered her to pay nearly $130 million in back taxes ...

McDonald's spared in EU tax probe

Apo - The European Union on Wednesday ended a long-running investigation into the tax arrangements between US fast food giant McDonald's and Luxembourg, finding the setup did not amount to illegal state aid.

EU says McDonald's tax deals with Luxembourg legal

Apo - The European Union on Wednesday ended a long-running investigation into the tax arrangements between US fast food giant McDonald's and Luxembourg, finding the setup did not amount to illegal state aid.

Spain taxman knocks 2 million euros off Ronaldo tax settlement: report

Madrid - After ordering football superstar Cristiano Ronaldo to pay 18.8 million euros ($21.6 million) to settle a tax fraud claim, Spanish authorities have reduced the sum by two million euros, the El Mundo daily reported Friday.

Controversy as Spain's ex-king accused of getting tax amnesty

Madrid - Spain's prime minister said Tuesday he could not reveal who got a tax amnesty six years ago after the former mistress of Spain's ex-king Juan Carlos alleged he benefited from the measure.

Zuckerberg to face pressure on taxes in meeting with Macron

Paris - Fresh from saying "sorry" to European lawmakers, Facebook CEO Mark Zuckerberg holds talks with Emmanuel Macron on Wednesday where he will face renewed pressure over his company's tax policies.

Macron digital tax plan faces EU rebuff

Sofia - French President Emmanuel Macron's ambitious plans for an EU digital tax targeting US tech giants such as Google or Facebook faced strong headwinds on Saturday, provoking anger from Paris.

Dutch PM vows to release controversial tax plan memos

Den Haag - Dutch Prime Minister Mark Rutte pledged Monday to release all memos about a controversial plan to scrap dividend tax amid heavy opposition criticism of the move which will reportedly cost the country 1.4 billion euros.

Three tax-savings ideas to help seniors

One major expenditure awaiting a large percentage of U.S. citizens near the end of their lives is long-term care. Expenses extend to assisted living facilities or nursing homes. A new guide gives advice.

Taxes key in war on 'lifestyle' disease: health experts

Paris - Global health leaders declared war on lifestyle diseases Thursday, decrying the impact of tobacco, alcohol and soft drinks on the world's poor, while calling for taxes to curb consumption and finance healthcare.

US, China flex muscles at G20 meeting

Buenos Aires - Tensions over trade surfaced on the first day of a G20 meeting of finance ministers on Monday as the United States and China -- whose differences are fueling fears of a trade war -- flexed their muscles in the Argentine capital.

US opposes taxes on big tech firms

Washington - The United States said Friday it "firmly opposes" any new tax aimed at big technology firms, in a sharp challenge to a European proposal aimed at American digital titans.
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Anti-HST protesters in Victoria  B.C.
Anti-HST protesters in Victoria, B.C.
Tony Sprackett
Duncan Lee  an American CPA and Tai Ji Men dizi  explained the details of Tai Ji Men tax case.
Duncan Lee, an American CPA and Tai Ji Men dizi, explained the details of Tai Ji Men tax case.
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Microsoft’s small business blog argued that the new Xbox One is a tax-deductible expense.
Microsoft’s small business blog argued that the new Xbox One is a tax-deductible expense.
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A plastic bag in Toronto

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