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Taxation News

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New York - US public health advocates are hoping to pivot after a major setback in Chicago, where local lawmakers repealed a soda tax after only two months following fierce industry-backed lobbying.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

Little India struggles with tax revolution

New Delhi - India has vowed that a new nationwide tax will revolutionise the economy by bringing more businesses into the digital system to enrich state coffers, but for shopkeeper Sanjay Kumar Rai, who has never used a computer, the transition is terrifying.

India launches tax revolution amid business doubts

New Delhi - India on Saturday launched its biggest ever fiscal reform with the government promising that a new nationwide tax would make the economy stronger and less corrupt, but businesses are nervous about the revolution.

India launches national tax amid business doubts

New Delhi - India on Saturday launched its biggest ever fiscal reform with the government promising a stronger, less corrupt economy while businesses are nervous about the new tax.

Gulf states prepare for VAT in time of crisis

Dibai - Oil-rich Gulf countries, which for decades have attracted millions of foreign workers thanks to their reputation as tax-free havens, aim to introduce value-added tax in 2018 to plug budget gaps.

Spain to challenge low-tax Gibraltar post-Brexit: report

Madrid - Spain will challenge "unfair competition" from Gibraltar after Brexit, a foreign ministry report seen Wednesday said, singling out a low-tax regime operated by the British overseas territory to attract foreign investors.

Trump cuts spark fears of global tax war

Paris - Donald Trump's plans to slash corporate taxes in the United States have sparked concerns of a new global fiscal race to the bottom, possibly involving a wave of negative social consequences, experts say.

Trump proposes major tax cuts, 15% corporate rate

Washington - The Trump administration has unveiled plans to dramatically cut taxes for US businesses and individuals, slashing the corporate rate to 15 percent, but the once-in-a-generation overhaul is headed for a tough fight in Congress.

Trump hits back at tax protests, asks 'who paid' for rallies

Washington - US President Donald Trump on Sunday hit back at nationwide protests calling for him to release his tax returns, questioning "who paid for" the "small" rallies."Someone should look into who paid for the small organized rallies yesterday.

Protesters across US press Trump to release tax returns

Washington - Thousands of protesters gathered Saturday in cities across the United States to pressure President Donald Trump to release his tax returns, a move of transparency he has refused to make.

Customs agents fraud ring busted in Guatemala

Guatemala City - Guatemala busted a ring of at least 15 customs agents, port workers and transport company workers on Friday accused of using falsified documents to avoid paying customs duties.

LuxLeaks whistleblowers get reduced sentences

Luxembourg - A Luxembourg court on Wednesday gave reduced sentences on appeal to two "Luxleaks" whistleblowers convicted of leaking thousands of documents that revealed tax breaks for multinational firms.

Italy proposes 100,000 euro flat tax to draw foreigners

Rome - Italy on Wednesday introduced a flat tax for wealthy foreigners in a bid to compete with similar incentives offered in Britain and Spain, which have successfully attracted a slew of rich footballers and entertainers.

Belarusians protest against Lukashenko's 'tax on spongers'

Minsk - Thousands of Belarusian opposition supporters rallied in Minsk on Friday against a Soviet-style "tax on spongers" imposed by authoritarian President Alexander Lukashenko.

Ireland claims EU breaching sovereignty in Apple tax ruling

London - Ireland set out its arguments on Monday against a European Commission ruling that tech firm Apple should pay billions in back-taxes to Dublin, claiming the EU executive arm has interfered in state sovereignty.

Argentine president probed for nepotism in tax amnesty

Buenos Aires - Argentine authorities opened an investigation Tuesday into President Mauricio Macri for alleged nepotism in a controversial decree that extended a tax amnesty to his father and other officials' families.
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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.

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