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Taxation News

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.

'Panama Papers' to go public May 9

Washington - The "Panama Papers" trove of leaked documents revealing the vast extent of global tax evasion will be made available to the public on May 9, the organization behind the leak said Wednesday.

South Africans sweet on sugary drinks despite fat tax

Johanesburg - South Africa plans a new "fat tax" on sugary drinks to combat an obesity epidemic -- but sweet-toothed consumers say its chances are slim of making them cut down.

French-U.S. art dealer's multi-million fraud trial opens in Paris

Paris - Several members of the Wildenstein art-dealing dynasty went on trial in Paris on Monday charged with stashing hundreds of millions of euros in inheritance money out of reach of the French taxman.

U.S. requests ex-Honduran VP's extradition on drug trafficking

Tegucigalpa - The United States has requested the extradition of former Honduran vice president Jaime Rosenthal, one of the country's biggest tycoons, whom it accuses of drug trafficking and money laundering, Tegucigalpa said.

Model Bar Refaeli grilled over massive Israel tax evasion

Jerusalem - Israel's most famous model Bar Refaeli was arrested and questioned for allegedly evading taxes on millions of dollars of income from abroad by lying about her residency, Israeli authorities said Thursday.

Opera star Montserrat Caballe given suspended jail for tax evasion

Barcelona - Spain's world-famous opera star Montserrat Caballe was handed a six-month suspended jail sentence and fined more than 250,000 euros ($275,000) on Tuesday for cheating the taxman.

OECD reveals plan for tax clampdown on multinationals

Paris - The world's advanced economies announced Monday a long-awaited plan to close the loopholes on tax-avoiding multinationals that cost countries more than $100 billion a year, declaring: "Playtime is over.

Greece suffers the moonshine blues as EU demands tax hike

Atenas - Distillers in Greece were aghast Friday over EU demands for the abolition of long-running tax exemptions believed to cost the cash-strapped state millions of euros in lost revenue.

Greek police find no sign of Varoufakis tax hacking

Atenas - Police in Greece have found no sign of electronic hacking into the tax files of millions of Greeks, which ex-finance minister Yanis Varoufakis claimed to have ordered as part of an emergency plan to deal with an exit from the euro, state agency ANA rep...

Outrage over green tax on renewables

London - There was incredulity in some quarters when the U.K. government unveiled its latest budget: the Conservatives are to extend an existing climate change levy to renewable electricity.

Portugal PM seeks to fend off tax controversy

Lisbon - Portuguese Prime Minister Pedro Passos Coelho on Wednesday sought to calm a storm over his late payment of taxes and social security contributions as protesters shouted for him to resign.
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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.