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Tax News

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.

'Panama Papers' law firm shuts down operations

Panama - The law firm at the heart of the "Panama Papers" global tax evasion scandal that brought down two world leaders announced Wednesday it would shut down operations, citing negative press and what it called unwarranted action by authorities.

Swiss vote for public media

Geneva - Swiss voters on Sunday rejected a proposal that would have cut taxpayer funding to public broadcasters, after a campaign that stirred debate about the media's role in fostering national unity.

Art heir Wildenstein back in court for alleged tax fraud

Paris - The Franco-American patriarch of the mighty Wildenstein art-dealing dynasty goes back on trial in Paris Friday, just over a year after his surprise acquittal in a long-running inquiry over suspected large-scale tax fraud.

Canada taxman signs Panama Papers search warrants

Ottawa - Canadian tax authorities raided locations in Calgary, Toronto and Vancouver on Wednesday as part of a criminal investigation prompted by the Panama Papers leak.

Trump vows 'reciprocal tax' on trading partners

Washington - President Donald Trump threatened retaliatory measures against US trade partners Monday, accusing them of "getting away with murder.

Paul Ryan slammed over tweet praising tax cut for $1.50 pay rise

Washington - US House Speaker Paul Ryan came under fire Saturday over a tweet that framed a worker's $1.50 per week pay increase as an impressive result of his party's massive tax cut plan, US media reported.

Fiat Chrysler to invest $1 bn on back of US tax reform

New York - Italian-American automaker Fiat Chrysler on Thursday unveiled a plan to invest $1 billion in a Michigan assembly plant and offer bonuses to tens of thousands of employees, saying the measures were possible because of US tax reform.

Saudi, UAE introduce VAT in first for Gulf

Dibai - Saudi Arabia and the United Arab Emirates introduced value-added tax from Monday, a first for the Gulf which has long prided itself on its tax-free, cradle-to-grave welfare system.

Saudi, UAE introduce VAT in first for Gulf

Dibai - Saudi Arabia and the United Arab Emirates introduced value-added tax from Monday, a first for the Gulf which has long prided itself on its tax-free, cradle-to-grave welfare system.

French court sets 40-mn-euro bail for Russia billionaire

Aix-en-provence - An appeal court in southern France ordered billionaire Russian businessman and senator Suleyman Kerimov to post bail of 40 million euros ($47 million) on Wednesday pending a tax fraud investigation.

40 mn euro bail demanded for Russian billionaire in France

Aix-en-provence - An appeal court in southern France ordered billionaire Russian businessman and senator Suleyman Kerimov to post bail of 40 million euros ($47 million) on Wednesday pending a tax fraud investigation.

Russian billionaire Kerimov charged in France following Moscow protest

Nice - Russian billionaire senator Suleyman Kerimov was charged Wednesday with tax fraud in Nice, hours after Moscow protested his arrest in the French Riviera resort.

Trump presses Congress on tax cuts, skepticism persists

Washington - President Donald Trump was headed to the US Capitol Thursday to rally skeptical lawmakers behind his effort to overhaul America's tax code, as he seeks to lock down a first major legislative win by year's end.

German court gives Swiss tax spy suspended sentence, fine

Frankfurt Am Main - A Swiss man who admitted to spying on German tax officials was given a suspended sentence and fined by a German court, in a case that has tested ties between Berlin and Bern.

German court gives Swiss tax spy suspended sentence, fine

Frankfurt Am Main - A Swiss man who admitted to spying on German tax officials was given a suspended sentence and fined by a German court, in a case that has tested ties between Berlin and Bern.

Dutch launch probe amid Paradise Papers scandal

Den Haag - Dutch officials are opening an investigation into thousands of agreements with foreign businesses after claims two US multinationals managed to save millions in taxes, the government said Wednesday.

Jersey: low-tax hub on the EU frontier

London - The Channel island of Jersey has come under the spotlight with the publication of the "Paradise Papers", highlighting its status as a tax destination for multinational companies.

Business as usual in Jersey despite leaks storm

Saint Helier - With its seaside air and small-town charm, Jersey seems unperturbed by the storm over the Paradise Papers financial leaks in which it is named as the centrepiece of Apple's tax avoidance strategy.
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Thoursie
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.
Flickr
A plastic bag in Toronto
A plastic bag in Toronto
Untitled
zFacts.com
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.
Anti-HST protesters in Victoria  B.C.
Anti-HST protesters in Victoria, B.C.
Tony Sprackett