California mulls head tax on big business as Elon Musk, Peter Thiel consider leaving

Oklahoma official campaigns to bring Tesla factory to his state Oklahoma Secretary of Commerce and Workforce Development Sean Kouplen on offering a ‘competitive’ proposal to Tesla to open the company’s new factory in his state. Get all the latest news on coronavirus and more delivered daily to your inbox.  Sign up here. Continue Reading Below California lawmakers are considering coronavirus relief […]

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Turkey hikes tax on FX transactions to 1% from 0.2% -Official Gazette

ISTANBUL, May 24 (Reuters) – Turkey has hiked a tax on the buying of foreign currency to 1% from 0.2% in a move meant to curb fallout for the lira from the coronavirus pandemic, the country’s Official Gazette said. In the Gazette announcement dated March 23 and effective immediately, the higher Bank Insurance and Transaction Tax (BSMV) would be applied […]

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‘Loyalty tax’ widens in 2019 as banks eye mortgage growth

Public debate over banks charging a "loyalty tax" does not appear to have stopped lenders from trying to lure new clients with deepening discounts, as banks compete to expand their mortgage books in a soft market. New figures from mortgage platform Lendi show the gap between the rates paid by new and existing borrowers, — which critics have dubbed a […]

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After tax spat with U.S., UK says additional tariffs would hurt businesses and consumers

LONDON (Reuters) – Additional tariffs between Britain and the United States would not be in the interests of businesses and consumers, Prime Minister Boris Johnson’s spokesman said on Wednesday, after the United States warned of retalitation to a planned digital tax. “Additional tariffs harm businesses and consumers on both sides of the Atlantic,” the spokesman said, stressing that was Britain’s […]

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After tax spat with U.S., UK says additional tariffs would hurt businesses and consumers

LONDON (Reuters) – Additional tariffs between Britain and the United States would not be in the interests of businesses and consumers, Prime Minister Boris Johnson’s spokesman said on Wednesday, after the United States warned of retalitation to a planned digital tax. “Additional tariffs harm businesses and consumers on both sides of the Atlantic,” the spokesman said, stressing that was Britain’s […]

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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, […]

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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, […]

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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 […]

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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 […]

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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 […]

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