Nine EU countries call for European aviation tax to curb emissions

BRUSSELS (Reuters) – Nine European Union states have called on the bloc’s incoming executive Commission to introduce an EU-wide tax on aviation so as to charge a polluting industry more for its emissions and put all member states on level pegging. In a letter to the EU’s executive in charge of climate, Frans Timmermans, the finance ministers of Germany, France, […]

Read more

Nine EU countries call for a European aviation tax to curb emissions

BRUSSELS (Reuters) – Nine European Union states have called on the bloc’s incoming Commission to introduce a EU-wide tax on aviation, in order to charge a polluting industry more for its emissions and to put all member states on level pegging. In a letter to the bloc’s new climate official, Frans Timmermans, the finance ministers of Germany, France, the Netherlands, […]

Read more

Trump looking at possible tax cuts amid economic jitters

WASHINGTON (Reuters) – President Donald Trump said on Tuesday his administration was considering potential tax cuts on wages as well as profits from asset sales, and sought to play down market anxieties that the world’s top economy could be heading for a recession. Speaking to reporters during a White House visit by Romanian President Klaus Iohannis, Trump said “we’re looking […]

Read more

U.S. tech industry leaders: French digital service tax harms global tax reform

WASHINGTON (Reuters) – Major tech firms and U.S. tech industry groups said on Monday that France’s new digital services tax undermines the global tax regime and multilateral efforts to reform it. Alphabet Inc’s (GOOGL.O) Google, Facebook Inc (FB.O) and Amazon.com Inc (AMZN.O) and major trade associations testified Monday against the tax at a hearing before the U.S. Trade Representative’s office […]

Read more

Digital Tax on Google, Amazon, Facebook, others will gut consumers and small businesses

Google, Amazon and Facebook raise concerns over France’s digital tax FBN’s Hillary Vaughn on big tech companies’ concerns over the impact from France’s new digital tax. Google, Facebook, and Amazon and several other major tech companies argued the digital services tax by France will hurt small business and consumers during a U.S. hearing Monday. Continue Reading Below U.S. Trade Representative Robert Lighthizer described the […]

Read more

Group sues to block California law aimed at forcing Trump to release tax returns

SACRAMENTO, Calif. (Reuters) – A conservative legal group has filed a lawsuit seeking to block a new California law aimed at forcing Republican U.S. President Donald Trump to release his tax returns, the latest volley over Democrats’ efforts to see the former businessman’s financial records. The lawsuit, filed in federal court in Sacramento on Aug. 1 by the group Judicial […]

Read more

Sports Direct faces £605m tax bill and ‘terminal’ problems at House of Fraser

Sports Direct says it is facing a €674m (£605m) tax demand from Belgian authorities – as boss Mike Ashley warned that problems at House of Fraser were “terminal”. Mr Ashley disclosed the latest problems facing his sprawling retail empire as it published a much-delayed set of full-year results. The results showed a 5% rise in underlying profits for Sports Direct […]

Read more

‘It’s like a sport’: Tax agents face hot water over clients’ claiming

Tax professionals say they face continued pressure from clients to put in dodgy expenses while the Australian Taxation Office says it will take strong action against tax professionals who exhibit unprofessional conduct at tax time. The ATO secured additional money in this year's budget specifically aimed at agent-prepared returns. Tax agents say clients still pressure them to over-claim even though […]

Read more

Confidential draft IRS tax memo says tax returns must be handed to Congress unless president uses executive privilege: report

Do Americans really care about President Trump’s tax returns? The fight continues over President Trump’s tax returns with Democrats demanding copies which the president says he can’t provide because he’s under audit. Just days after Treasury Secretary Steven Mnuchin said he would not comply with a House Democratic subpoena for President Trump’s tax returns, a confidential draft IRS memo obtained […]

Read more
1 2 3 14