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Taxation News

US tech industry group denounces Trump deal on France digital tax

Washington - A US trade group representing major technology firms on Tuesday denounced an agreement on France's digital tax announced by Presidents Donald Trump and Emmanuel Macron that leaves the levy in place until a new international taxation plan takes effect.

US, France reach agreement on digital taxes

Biarritz - French President Emmanuel Macron said Monday G7 members had reached an agreement on the taxation of tech giants, a long-standing subject of friction between France and the US which has threatened to retaliate with tariffs on French wines.

France aims for US digital tax deal by late August: minister

Paris - France wants to reach a deal with the US on taxing tech giants by a G7 meeting in late August, Economy Minister Bruno Le Maire said Saturday.

Trump uncorks French wine threat in digital tax retaliation

Washington - US President Donald Trump vowed "substantial" retaliation against France on Friday for a tax targeting US tech giants, threatening to slap tariffs on French wine and blasting President Emmanuel Macron's "foolishness.

Trump threatens French wine in digital tax retaliation

Washington - US President Donald Trump on Friday vowed "substantial" retaliation against France for a tax hitting US tech giants, accusing his counterpart Emmanuel Macron of "foolishness" and issuing a veiled threat to impose tariffs on French wine.

Tech tax set to dominate G7 finance ministers meeting

Paris - A row over taxing tech giants is set to dominate a meeting of G7 finance ministers near Paris this week, with the world's leading industrialised nations already riven by disruptive US trade policies.

Tusk accuses Poland's ruling conservatives of 'abuse of power'

Warsaw - Outgoing EU Council President Donald Tusk on Monday accused the governing conservatives from his home country of Poland of exploiting state institutions for political purposes and propaganda.

'Hurry up!': G20 urged to speed up digital tax

Hakata - Top G20 finance officials agreed Saturday there was an urgent need to find a global system to tax internet giants like Google and Facebook but clashed on the best way to do it.

G20 to tackle US-China trade war, digital tax

Apo - Top financial policymakers from the world's 20 most powerful nations gather this weekend in Japan as a protracted US-China trade war clouds the global economy with no end in sight.

'Yellow vests' march again as government tries to regroup

Paris - Thousands of "yellow vest" protesters marched Saturday for the 21st consecutive week to denounce French government policies, as the authorities prepare to unveil the results of a nationwide consultative exercise designed to address public grievances.

EU hits Britain over illegal tax break to multinationals

Apo - The EU's powerful anti-trust authority on Tuesday said a tax break from Britain for unnamed multinationals was illegal under state aid rules, firing a shot at London amid Brexit chaos.

Madrid adopts plan to limit private tourist rentals

Madrid - Madrid's city hall adopted a plan Wednesday to limit to 90 days per year the unlicensed leasing of homes to tourists, potentially rendering thousands of holiday rentals illegal.

EU expands tax blacklist to 15 countries, including UAE

Apo - The European Union expanded its tax haven blacklist to 15 countries on Tuesday, adding the United Arab Emirates and Bermuda over the objections of powerful member states such as Italy.

Spain, Britain sign Gibraltar tax deal

Madrid - Spain and Britain signed Monday a fiscal treaty on Gibraltar as Brexit nears to fight tax fraud and money laundering via the British overseas territory.

Palestinians to cut civil servant salaries after Israeli tax freeze

Ramallah - The Palestinian finance minister on Thursday announced salary cuts for civil servants, days after Israel said it would withhold tens of millions of dollars in tax transfers to the Palestinian Authority.

Abbas says will reject reduced tax reimbursement from Israel

Ramallah - Palestinian president Mahmud Abbas said Wednesday he would not accept partial payment of tax transfers owed by Israel, which decided to withhold reimbursements in retaliation for payments to prisoners jailed for attacks.

Demonstrator loses hand at Paris 'yellow vest' march

Paris - A "yellow vest" demonstrator lost his hand Saturday during clashes outside the main parliament building in Paris, witnesses told AFP, during a 13th weekend of anti-government protests across France.

Apple reaches 500-mln-euro tax settlement with France

Paris - Apple said Tuesday that it had reached an agreement with French authorities to settle 10 years of back taxes, becoming the latest US company to make a deal with France, which has led a European push for higher taxes on tech giants.

Apple says reaches agreement on French back taxes

Paris - Apple has reached an agreement with French authorities over 10 years of back taxes, the US firm told AFP on Tuesday, confirming information published by the French magazine L'Express.

Brazil first lady's accounts to be probed in expanding payments scandal

Rio De Janeiro - Brazilian authorities are to scrutinize the bank accounts of First Lady Michelle Bolsonaro as part of a growing scandal over suspect payments involving the president's politician son, according to media.

Czech lawmakers approve tax on billions in church compensation

Prague - Czech lawmakers on Wednesday approved a tax on the billions the state will pay churches for assets seized by the Communists during their Cold War rule, aiming to claw back a portion of the compensation payments.

'Fat years are over', Germany's Scholz says on tax intake

Frankfurt Am Main - German Finance Minister Olaf Scholz on Sunday warned that the days when the country's tax revenues consistently overshot expectations were over as Europe's top economy loses momentum.

Model Bar Refaeli suspected of tax evasion in Israel

Jerusalem - Israel's most famous model Bar Refaeli is suspected of tax evasion and will be called into a hearing ahead of her possible indictment, authorities said Thursday.

Macron govt on tenterhooks as new tax regime takes effect

Paris - The French government sought on Wednesday to downplay fears that workers will be left out of pocket as the country transitions to a pay-as-you-earn tax system that could fan the flames of a revolt over spending power.

Jordan arrests 17 protesters against fiscal reform

Apo - Seventeen Jordanians were arrested over protests against a controversial fiscal reform, a judicial source in Amman said on Friday.

The elusive face of the Paris rioters

Paris - Angry "yellow vest" protesters, hard-core agitators or young delinquents: building a typical profile of the rioters in Paris this weekend is no easy task.

Protest greets Apple's Champs Elysees launch

Paris - The launch of an Apple store on the Champs Elysees in Paris was greeted Sunday by a protest against the US multinational's controversial fiscal practices.

Marshall Islands leader survives no-confidence motion

Majuro - Marshall Islands President Hilda Heine narrowly survived a vote of no confidence Monday, seeing off a challenge she alleges was orchestrated by Chinese-backed business interests intent on undermining the Pacific nation's sovereignty.

Greek PM claims breakthrough in tangled church-state relations

Atenas - Prime Minister Alexis Tsipras has announced a tentative breakthrough in talks to soften ties between Greece and its powerful Orthodox Church, a decades-old debate affecting valuable church lands and clerical salaries.

France positive after talks with Germany on digital tax

Berlin - France's economy minister said Friday he expects to reach agreement with Germany in the coming weeks on a European digital tax targetting US tech giants.
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