Taxation News

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.

Paris - French authorities have decided to make a tax claim of 1 billion euros against Google following a probe into the tax strategies by the US Internet giant, Le Point magazine reported Tuesday.

Paris - France has removed Bermuda and Jersey from a list of states that are uncooperative in efforts to combat tax fraud, according to a finance ministry decree published Sunday.