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Taxation News

UK rolls out sugar tax in battle against obesity

London - Britain on Friday joined France, Norway and Mexico in rolling out a sugar tax on soft drinks in an attempt to tackle obesity and tooth decay in children.Drinks containing five grammes of sugar per 100 ml will face a lower rate of 18 pence ($0.25, 0.

EU to unveil digital tax targeting Facebook, Google

Apo - The EU will unveil proposals for a digital tax on US tech giants on Wednesday, bringing yet more turmoil to Facebook after revelations over misused data of 50 million users shocked the world.

New S.African president suspends tax chief

Johanesburg - South Africa's new president, Cyril Ramaphosa, has suspended the head of the tax service ahead of "disciplinary proceedings" as he vows to fight graft following his predecessor Jacob Zuma's ousting.

EU urges Germany to introduce air pollution toll

Frankfurt Am Main - German cities should fight air pollution by charging drivers tolls according to their vehicle's emissions, rather than slapping general bans on older models, European Transport Commissioner Violeta Bulc said Wednesday.

Church at Jesus's traditional burial site reopens after protest

Jerusalem - The Jerusalem church built at the site many see as the holiest in Christianity reopened on Wednesday after a three-day closure in protest at Israeli measures, a move that had left thousands of visitors locked outside.

Israel suspends actions that led to closure of Christian holy site

Jerusalem - Israel on Tuesday suspended tax measures and other actions that led to the rare closure of the church built at what is seen as the holiest site in Christianity, shut down all week in protest.

Israel suspends actions that led to closure of Christian holy site

Jerusalem - Israel on Tuesday suspended tax measures and other actions that led to the rare closure of the church built at what is seen as the holiest site in Christianity.

Pilgrims locked out as Jerusalem holy site shut for second day

Jerusalem - The Jerusalem church built at what many consider the holiest site in Christianity remained closed for a second day Monday to protest Israeli tax measures and a proposed law, leaving hundreds of disappointed and perplexed pilgrims locked outside.

Church at Jesus's traditional burial site closed in tax dispute

Jerusalem - Christian leaders took the rare step on Sunday of closing Jerusalem's Church of the Holy Sepulchre, built where tradition holds Jesus was buried, in protest at Israeli tax measures and a proposed property law.

Davos hails Macron and Merkel's move to centre stage

Davos - Europe's new power duo Emmanuel Macron and Angela Merkel were hailed on Thursday as defenders of the liberal international order, stepping into a global leadership void created by Britain's Brexit and Donald Trump's "America First" policy.

At Davos, Macron speaks language of globalisation reset

Davos - French President Emmanuel Macron waxed lyrical in French and English at the Davos business summit to urge a redefining of the capitalist order, saying globalisation in its current form is in "crisis" and needs recalibrating to stave off populism.

EU to remove Panama, South Korea from tax haven blacklist

Brussels - The EU will remove Panama, South Korea and six other countries from its recently unveiled tax haven blacklist in a quick reversal that drew criticism from activists.

Luxembourg court overturns verdict against Luxleaks whistleblower

Luxembourg - A Luxembourg court on Thursday overturned the verdict against a "Luxleaks" whistleblower who was convicted of leaking thousands of documents that revealed tax breaks for multinational firms.

Saudi boosts citizen benefits as taxes bite

Riyadh - Saudi Arabia announced Saturday it had boosted stipends and benefits for citizens to cushion the impact of economic reforms including the kingdom's first ever taxes after an oil price slump.

Donald Trump tastes victory — at last

Washington - Looking out over the South Lawn of the White House, flanked by the lawmakers who had just handed him the greatest victory of his tumultuous young presidency, Donald Trump drank in the scene.

'We are making America great again': Trump

Washington - A jubilant Donald Trump hosted Republican lawmakers at the White House for a victory lap after the US Congress passed a sweeping tax cut plan, declaring: "We are making America great again.

Trump hails 'historic victory' on tax reform

Washington - President Donald Trump on Wednesday hailed the imminent adoption of a sweeping Republican tax cut plan as a "historic victory" for the American people.

Trump triumphs as Congress passes sweeping tax cuts

Washington - Donald Trump celebrated a "historic" victory Wednesday as the US Congress passed a massive Republican tax cut plan, handing the president his first major legislative achievement since taking office nearly a year ago.

Nearing passage, US tax overhaul hits last-minute snag

Washington - The Republican-controlled US House of Representatives approved President Donald Trump's all-important tax code revamp Tuesday, but a late and embarrassing rules snag will force the chamber to vote on the package once more.

EU's big five criticise US tax plans, seek 'compromise'

Paris - The finance ministers of the European Union's five biggest economies wrote to their American counterpart Monday to voice concerns over a US tax overhaul, saying Washington should adhere to "international obligations to which it has signed up".

Panama eyes S. Korea alliance to get off EU tax haven list

Panama - Panama is looking to join forces with South Korea as it wages a "diplomatic offensive" to get off a newly unveiled EU tax blacklist, officials from the Central American nation said Thursday.

Marshalls decries inclusion on EU tax blacklist

Majuro - The Marshall Islands has described its inclusion on a European Union tax haven blacklist as "sad", with the Pacific nation's chamber of commerce alleging the move was politically motivated.

EU considers Panama, S.Korea for tax haven blacklist

Brussels - European Union ministers haggled over a credible blacklist of non-EU tax havens, with about 10 countries including Panama and South Korea in danger of being publicly chastised for facilitating tax evasion.

EU divided over tax haven blacklist

Brussels - European Union ministers will haggle on Tuesday to draw up a blacklist of non-EU tax havens, with about 20 countries in danger of being publicly exposed for facilitating tax evasion.

Activists occupy Paris Apple store over EU tax dispute

Paris - About a hundred activists occupied an Apple store in the French capital Saturday, demanding that the US technology giant pay billions of euros the EU says it owes in back taxes.

Europe turns on Facebook, Google for digital tax revamp

Brussels - They have revolutionised the way we live, but are US tech giants the new robber barons of the 21st century, banking billions in profit while short-changing the public by paying only a pittance in tax?

Contentious Romanian tax reforms signed off

Bucharest - Romania's leftwing cabinet signed off Wednesday on a package of tax and social security reforms widely criticised by trade unions and employers alike and which have sparked protests.

Apple tax avoidance plan laid bare in leaked documents

San Francisco - Apple shifted much of its offshore wealth from Ireland to a tax haven in the British Isles, according a review of leaked Paradise Papers documents Monday.

Brazil ministers deny wrongdoing in Paradise Papers leak

Bras - Two Brazilian cabinet ministers whose names appear in the Paradise Papers said Monday that there was nothing illegal in keeping funds in an offshore account.

EU denounces 'shocking' Paradise Papers revelations

Brussels - The European Union on Monday denounced as "shocking" revelations on the way top companies and dignitaries, including Britain's Queen Elizabeth II, avoid taxes using offshore wealth hubs.
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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.