Taxation News
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Washington -
US Senate investigators have accused heavy equipment giant Caterpillar of hiding $8 billion in profits offshore in Switzerland to avoid US taxes.
In the Media
by AFP
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Tokyo -
Prices rose across Japan Tuesday as a controversial sales tax rise came into effect, with everything from beer to washing machines costing more, sparking fears a drop in consumer spending will derail a nascent economic recovery.
In the Media
by Kyoko Hasegawa (AFP)
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Tokyo -
The price of everything from beer and sushi to cars and dishwashers will rise across Japan Tuesday as shoppers are greeted by the first sales tax rise in 17 years, which has prompted fears of a drop in consumer spending.
In the Media
by AFP
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Tokyo -
Japan is bracing for its first sales tax rise in years, with last minute shoppers buying up a host of goods from gold to ice cream, as the government tries to tackle its crushing national debt.
In the Media
by Kyoko Hasegawa (AFP)
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Washington -
The US tax authority on Tuesday ruled that Bitcoin will be taxed as property, like stocks or real estate, rather than as a basic currency like the dollar.
In the Media
by AFP
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Tokyo -
Tokyo resident Reiko Oguma is splashing out the yen in a last-minute buying spree as she and millions of Japanese shoppers brace for the country's first sales tax hike since the late 1990s.Oguma, a forty-something housewife, reckoned there was no time ...
In the Media
by Kyoko Hasegawa (AFP)
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Munich -
A German court on Thursday sentenced football legend Uli Hoeness, president of powerhouse club Bayern Munich, to three and a half years in jail for evading millions in taxes."In the name of the people, Mr Ulrich Hoeness is sentenced for seven serious c...
In the Media
by AFP
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Munich -
German prosecutors demanded five and a half years' jail Thursday for Bayern Munich boss Uli Hoeness for evading millions in taxes.Prosecutor Achim von Engel sought the prison term for major tax fraud ahead of a verdict expected after 1300 GMT in a tria...
In the Media
by Ralf ISERMANN (AFP)
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New York -
A former banker of Credit Suisse Wednesday pleaded guilty to assisting US customers avoid taxes by hiding assets in secret Swiss bank accounts.Andreas Bachmann, a Swiss citizen, admitted that between 1994 and 2006 he engaged in a "wide-ranging" conspir...
In the Media
by AFP
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Munich -
German football legend Uli Hoeness, head of powerhouse club Bayern Munich, faces a verdict and possible jail term Thursday after he admitted in court to having evaded millions in taxes."If tomorrow there are no more applications to submit new evidence,...
In the Media
by Ralf Isermann (AFP)
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Munich -
The legal troubles of Bayern Munich boss Uli Hoeness deepened on Tuesday as the alleged scale of his tax fraud grew by millions more in a high-profile trial in Germany.Hoeness, who is fighting to avoid a jail term, now stands accused of having dodged 2...
In the Media
by Ralf Isermann (AFP)
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Berlin -
German football legend Uli Hoeness, boss of champion club Bayern Munich, will face a high-profile tax evasion trial from Monday, accused of having stashed away millions in Switzerland.The folksy 62-year-old Bavarian club president, who also runs a flou...
In the Media
by Frank Zeller (AFP)
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Tokyo -
Bitcoin exchange MtGox faced massive hacker offensives last month, coming under some 150,000 DDoS attacks per second for several days ahead of its spectacular failure, a report said Sunday.The Tokyo-based exchange, which filed for bankruptcy protection...
In the Media
by AFP
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Tokyo -
Japan's government said Friday that Bitcoin is not a currency but that it "is natural" that transactions involving the virtual unit should be taxed."As a matter of common sense, if there are transactions and subsequent gains, it is natural...
In the Media
by AFP
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Tokyo -
Japan may slap regulations on Bitcoin including taxing transactions, a report said on Wednesday, as the global digital currency suffered another alleged theft that cast doubt on its reliability.Tokyo will issue new guidelines, possibly this week, which...
In the Media
by AFP
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Tokyo -
Japan is looking at ways to tax Bitcoin transactions, a report said Tuesday, in the wake of the spectacular failure of the Tokyo-based MtGox exchange after a half-billion-dollar theft.The finance ministry and the national tax agency are studying possib...
In the Media
by AFP
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Sydney -
US Treasury Secretary Jacob Lew described taxation reform as among the G20's most crucial initiatives Friday as the world's major economies look to close loopholes used by huge multinational firms."The G20's work on tax cooperation is among our most im...
In the Media
by AFP
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European Union regulators are examining corporate tax loopholes across Europe that allow companies to cut their tax bills, to see if they are anti-competitive, the EU's antitrust chief said on Tuesday.
In the Media
by Reuters
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Paris -
President Francois Hollande said Thursday that France would not continue to tolerate the tax optimisation strategies used by multinational Internet giants like Google.
In the Media
by AFP
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Paris -
French authorities have decided to make a tax claim of 1 billion euros against Google following a probe into the tax strategies by the US Internet giant, Le Point magazine reported Tuesday.
In the Media
by AFP
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Paris -
France has removed Bermuda and Jersey from a list of states that are uncooperative in efforts to combat tax fraud, according to a finance ministry decree published Sunday.
In the Media
by AFP
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Paris -
Budget minister Bernard Cazeneuve said on Wednesday that 11,000 people had come forward to regularise funds hidden abroad, which could bring in one billion euros ($1.4 billion) in extra revenue.
In the Media
by AFP
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Chicago -
The billionaire creator of the popular Beanie Baby plush toys has avoided jail time as he was sentenced for hiding income from US tax collectors in a Swiss bank account.H. Ty Warner, the founder of Ty Inc.
In the Media
by AFP
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Washington -
Libertarians claim taxation is theft. Usually politicians disagree, but an agency of the American Government has let the cat out of the bag.
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Madrid -
Spain is moving in a different direction now, although the Spanish economy is still faltering, they do have a plan. It looks nothing like the American plan for recovery.
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The BBC is currently broadcasting a series that asks this perennial question. The consensus so far appears to be that multinationals are the bad guys. But are they?
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London -
Leading British MPs are unhappy with the taxation Google, Amazon and other big companies pay here. Perhaps they would like them to take their profits - and the wealth they create - elsewhere?
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London -
Deputy Prime Minister Nick Clegg has said the rich should pay more tax. This will be popular with the man in the street, but is it wise?
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The comedian Jimmy Carr has come under fire from no less than Britain's Prime Minister for his aggressive tax avoidance, but this time, David Cameron is barking up the wrong tree.
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Travelling throughout the UK has become increasingly expensive, so has standing still, as local authorities and even hospitals look for innovative ways to pick the pockets of the commuter, shopper and trader alike.
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Taxation Image
The US Government is currently unable to appropriate anymore of your money, so some of its agencies have been shut down.
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Appropriations = theft. So does taxation.
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