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Taxation News

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.

US commerce chief defends Russian business links

London - US Commerce Secretary Wilbur Ross has defended personal business links to Russia revealed by the Paradise Papers, in an interview with the BBC on Monday.

UK Queen's private estate invested in offshore funds: leaks

London - Millions of pounds from the private estate of Britain's Queen Elizabeth II have been invested in offshore tax haven funds, a huge new leak of financial documents revealed on Sunday.Around £10 million ($13 million, €11.

US Congress braces for tax overhaul, as hurdles remain

Washington - US Republicans on Wednesday will roll out the Donald Trump-backed tax overhaul, which received a Halloween push from congressional leadership warning against letting Democratic "hocus pocus" distract from the effort.

Soda tax supporters try to pivot from Chicago setback

New York - US public health advocates are hoping to pivot after a major setback in Chicago, where local lawmakers repealed a soda tax after only two months following fierce industry-backed lobbying.

US rejects French proposal on taxing tech companies

Washington - The United States does not support a French proposal to tax the gross revenues of international tech corporations like Google and Amazon, Treasury Secretary Steven Mnuchin said Saturday.

IMF's Lagarde: US tax overhaul 'desperately needed'

Washington - IMF chief Christine Lagarde on Friday urged the United States to proceed with a tax overhaul, saying it was "desperately needed" to boost growth in the world's largest economy."Tax reform is a must.

Catalan govt says its taxman ready for independence

Barcelona - Catalonia's pro-separatist government said Monday it has set up its own tax agency that is ready for action if the pro-independence camp wins a contested October 1 referendum.

France seeks 600 mn in taxes from Microsoft: report

Paris - France's tax authority is seeking 600 million euros ($715 million) from Microsoft's local subsidiary for billing French customers from Ireland, the weekly L'Express reported on Wednesday.

Ronaldo appears in court over tax evasion claims

Madrid - Football megastar Cristiano Ronaldo appeared in court near Madrid on Monday accused of evading millions of euros in taxes, the latest player to fall foul of Spain's taxman.

Indian cinemas shut in tax protest

New Delhi - More than 1,000 cinemas in the Indian state of Tamil Nadu have closed in protest at a hike in taxes after the government introduced a nationwide levy.

Little India struggles with tax revolution

New Delhi - India has vowed that a new nationwide tax will transform the economy by bringing more businesses into the digital system and filling state coffers, but for shopkeeper Sanjay Kumar Rai, who has never used a computer, the transition is terrifying.
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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.
Appropriations = theft. So does taxation.
Appropriations = theft. So does taxation.