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Taxation News

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.

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.
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