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Taxation News

Malaysian ex-PM Najib faces bankruptcy over tax bill

Kuala Lumpur - Malaysia's scandal-plagued former prime minister Najib Razak is facing bankruptcy for allegedly failing to pay more than $400 million in taxes, which could bring his political career to an end.

UAE now among world's top 10 tax havens: NGO

Paris - The UAE has entered the world's top ten tax havens for the first time, research showed Tuesday, in a report flagging OECD nations and their dependencies for more than two-thirds of "global corporate tax abuse".

US drops key obstacle to global digital tax: Treasury

Washington - US Treasury Secretary Janet Yellen told her G20 colleagues Friday that Washington is dropping a push for a controversial provision in a global digital tax, opening the door to a likely agreement.

Spain's tainted former king settles tax debts

Madrid - Spain's former king Juan Carlos, who moved to the UAE last year under a cloud of scandal, has settled a debt of nearly 4.4 million euros ($5.3 million) with the Spanish tax authorities to try to avoid an embarrassing lawsuit.

Millionaires' tax for virus relief takes effect in Argentina

Buenos Aires - A one-off tax on Argentina's richest people to help pay for medical supplies and relief for small businesses battered by the global coronavirus pandemic entered into force on Friday.

'Millionaire's tax' for virus relief passes Argentina Senate

Buenos Aires - Argentina's Senate passed a tax on about 12,000 of the country's richest people on Friday, to pay for coronavirus measures including medical supplies and relief for the poor and small businesses.

Spain eyes new tax to rubbish plastic packaging

Madrid - The Spanish government on Tuesday proposed new legislation on rubbish that seeks to dramatically reduce single-use plastic packaging, notably by taxing it.

Japan towns offer masks as reward for tax donation

Apo - Japanese towns offer popular local specialities from wagyu beef to tuna as gifts to citizens who donate money in a special tax scheme, but the coronavirus pandemic has made masks this year's must-have item.

U.S. tax season is here, but beware the scammers Special

The U.S. tax season has begun and while most people legitimately fill out their forms there are scams at play, ranging from false claims to the nefarious activities of scammers trying to fool people with fake links.

Brazil businesses hope for simpler tax system in 2020

S - Alex Serodio struggles to find enough superlatives to describe Brazil's cumbersome tax system. "I think rocket science might be easier," quips the online beauty products retailer in Sao Paulo.

US to announce response to French tech tax on December 2

Washington - Trump administration trade officials announced Wednesday that they will offer an official response on Monday to the French tax on US technology giants following an investigation of the policy.

Australia's 'backpacker tax' illegally targets foreigners, court rules

Sydney - Australia's "backpacker tax" illegally targeted some foreign workers, a court ruled Wednesday, leaving people who spent time in the country on holiday working visas in line for tax rebates.

UK Gov R&D tax credits stats: What do they say about SMEs? Special

London - This year’s tax credit results reveal some surprising information about claims by SMEs. There has been a rise in the number of smaller claims by small SMEs, including start-up tech companies as Mark Smith of Ayming assesses.

To save climate, tax carbon at $75 per ton: IMF

Washington - The world's biggest carbon polluting nations should jointly agree to tax emissions at $75 per ton in the next decade to keep climate change at safe levels, the International Monetary Fund said Thursday.

France's 2020 budget cuts taxes in bid to placate 'yellow vests'

Paris - France's government unveiled a draft 2020 budget on Thursday with more than nine billion euros in tax cuts for households as it hopes to move on from on from roiling "yellow vest" protests while still cutting the deficit to within EU limits.

EU loses big Starbucks tax case, wins on Fiat

Luxembourg - An EU court on Tuesday annulled an order by Brussels that Starbucks pay 30 million euros to the Netherlands, saying regulators had failed to demonstrate it received illegal state aid.

Apple slams EU as epic court battle over tax bill begins

Luxembourg - Apple went on the offensive against Brussels in an EU court on Tuesday, fighting the European Commission's landmark order that the iPhone-maker reimburse Ireland 13 billion euros ($14 billion) in back taxes.

Apple embarks on EU court battle over 13-bn-euro tax bill

Luxembourg - Apple embarks on an epic court battle with the EU on Tuesday, fighting the commission's landmark order that the iPhone-maker reimburse Ireland 13 billion euros ($14 billion) in back taxes.

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.
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Appropriations = theft. So does taxation.
Appropriations = theft. So does taxation.
The US Government is currently unable to appropriate anymore of your money  so some of its agencies ...
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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