Taxation News

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,...

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...

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...

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...

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...

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...

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...

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...

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.

Paris - President Francois Hollande said Thursday that France would not continue to tolerate the tax optimisation strategies used by multinational Internet giants like Google.