Taxation News
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By AFP
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.
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By AFP
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".
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
Madrid -
The Spanish government on Tuesday proposed new legislation on rubbish that seeks to dramatically reduce single-use plastic packaging, notably by taxing it.
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By AFP
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.
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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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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.
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By AFP
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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Taxation Image
Appropriations = theft. So does taxation.
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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