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Taxation News

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.

Andorra ends banking secrecy

Andorra La Vella - Andorran lawmakers have agreed to end banking secrecy in the Pyrenees mountains principality once considered a tax haven, approving automatic sharing of information on accounts held by non-residents.

Brazilian judge freezes Michelin assets in tax case

Rio De Janeiro - A Brazilian judge froze Friday some $300 million in assets owned by a former Rio de Janeiro state governor, five of his aides and French tire-maker Michelin over illegal tax breaks.

Hungary to cut corporate tax rate to EU low

Budapest - Hungary is seeking to lower corporate tax to nine percent starting from 2017, the lowest rate in the European Union, Prime Minister Viktor Orban said Thursday.

Ireland launches appeal against EU Apple tax ruling

Dublin - Ireland lodged a formal appeal Wednesday against a European Commission ruling ordering the country to collect billions of euros in unpaid taxes from tech giant Apple.

Strauss-Kahn must pay 75,000 euros in back taxes: Luxembourg court

Luxembourg - Luxembourg's administrative court on Tuesday rejected an appeal by former IMF chief Dominique Strauss-Kahn, confirming his obligation to pay 75,000 euros in back taxes from a now-bankrupt investment firm he once chaired.

Indian police fear US tax scam spread across country

Mumbai - A multi-million-dollar racket that used fake Indian call centres to trick US citizens into paying bogus tax bills may be the tip of the iceberg, with police warning similar scams could be operating across the country.

Indian police fear US tax scam spread across country

Mumbai - A multi-million-dollar racket that used fake Indian call centres to trick US citizens into paying bogus tax bills may be the tip of the iceberg, with police warning similar scams could be operating across the country.

Indian police fear US tax scam spread across country

Mumbai - A multi-million-dollar racket that used fake Indian call centres to trick US citizens into paying bogus tax bills may be the tip of the iceberg, with police warning similar scams could be operating across the country.

Portugal to levy sugar tax on soft drinks

Lisbon - Portugal's Socialist government will introduce a sugar tax on soft drinks in 2017 which is expected to raise 80 million euros ($88 million) for the nation's public health service, a budget bill presented Friday showed.

Tax sugary drinks to fight obesity, says WHO

Geneva - The UN health agency on Tuesday urged countries to start taxing sugary drinks as they fight against an obesity epidemic, pointing to evidence that price hikes can dramatically reduce consumption.

Thousands of Indonesian workers protest tax amnesty

Jakarta - Thousands of workers rallied Thursday in the Indonesian capital Jakarta against a controversial government scheme to raise revenues that, critics claim, has allowed wealthy tycoons to avoid paying tax.

Thousands of Indonesian workers protest tax amnesty

Jakarta - Thousands of workers rallied Thursday in the Indonesian capital Jakarta against a controversial government scheme to raise revenues that, critics claim, has allowed wealthy tycoons to avoid paying tax.

Thousands of Indonesian workers protest tax amnesty

Jakarta - Thousands of workers rallied Thursday in the Indonesian capital Jakarta against a controversial government scheme to raise revenues that, critics claim, has allowed wealthy tycoons to avoid paying tax.

Tax crackdown on Greek isles pays dividend for state

Atenas - Cash-strapped Greece, under pressure from creditors to improve chronically poor tax collection, has landed a surprising windfall from a cluster of high-end tourist islands, revenue officials said Thursday.

Amount hoarded overseas by U.S. companies hits new record in 2015

The recent fight among Apple, Ireland, and the European Union has once again shined a spotlight on the growing trend of US companies storing cash overseas to avoid taxes.

G20 ministers urge tighter tax rules for multinationals

Chengdu - The world's major economies need to deepen cooperation on tax collection and information sharing as companies seek to minimise the amount they pay to governments, finance ministers said on Saturday.

Argentine court probes president's tax returns

Buenos Aires - An Argentine judge Thursday ordered a probe into suspected irregularities in President Mauricio Macri's tax returns after the leader was named in the Panama Papers offshore accounts scandal, a source said.

French prosecutors seek UBS tax fraud trial: legal source

Paris - French finance prosecutors have asked for Swiss bank UBS to face trial for allegedly orchestrating a vast system of tax fraud in France, a legal source said Monday.

French economy minister owes back-taxes: Media

Paris - France's Economy Minister Emmanuel Macron will have to pay back-taxes after authorities found he had undervalued a family property, two local media outlets claimed on Tuesday.
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Appropriations = theft. So does taxation.
Appropriations = theft. So does taxation.
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.

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