tax

U.S. tax change proposals anger builders, realtors, charities

U.S. tax change proposals anger builders, realtors, charities

Published 14/08/2017

With U.S. Congress members focused during their August recess on finding ways to lower the corporate tax rate, industry groups and other sectors of society are gearing up to fight proposed changes to the personal income tax. [more…]

Black gold: India tax hike could boost illegal bullion, jewelry sales

Black gold: India tax hike could boost illegal bullion, jewelry sales

Published 04/07/2017

FILE PHOTO: A salesman arranges gold ornaments, on a display board, inside a jewellery showroom during Akshaya Tritiya, a major gold buying festival, in Kochi, India April 28, 2017. REUTERS/Sivaram V/File Photo

A hike in taxes on gold sales in India could stoke under-the-counter buying and drive up appetite for precious metal smuggled into the country, where millions of people store big chunks of their wealth in bullion and jewelry.

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Illinois judge halts sugary drink tax hours before implementation

Illinois judge halts sugary drink tax hours before implementation

Published 30/06/2017

An Illinois judge on Friday halted implementation of a measure that would have made Chicago the latest U.S. city to tax sweetened drinks, saying a lawsuit filed by retailers to block it must run its course.

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Republicans debating remedies for corporate tax avoidance

Republicans debating remedies for corporate tax avoidance

Published 18/06/2017

U.S. President Donald Trump walks from Maine One as he returns to the White House in Washington, U.S., June 16, 2017. REUTERS/Joshua Roberts

President Donald Trump and Republican leaders in Congress will soon confront a complex challenge for tax reform: how to limit U.S. corporate tax avoidance schemes that take advantage of low tax rates in foreign countries.

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Exclusive: Loophole allows Uber to avoid UK tax, undercut rivals

Exclusive: Loophole allows Uber to avoid UK tax, undercut rivals

Published 07/06/2017

FILE PHOTO - A man arrives at the Uber offices in Queens, New York, U.S. on February 2, 2017. REUTERS/Brendan McDermid/File Photo

Car service Uber is using a gap in EU and UK tax rules to avoid incurring sales tax on the booking fees it charges drivers in Britain, a practice a senior politician said was unfair to competitors and defied the intent of the law.

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Saudi to impose tobacco, sugary drinks tax on June 10

Published 28/05/2017

Saudi Arabia will impose a special tax on tobacco and sugary drinks on June 10, as part of a series of steps towards closing a budget deficit caused by low oil prices.

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Trump`s plan to slash business taxes seen as `guidepost` by congressional Republicans

Trump`s plan to slash business taxes seen as `guidepost` by congressional Republicans

Published 27/04/2017

U.S. National Economic Director Gary Cohn (L) and Treasury Secretary Steven Mnuchin end their breifing after unveiling the Trump administration's tax reform proposal in the White House briefing room in Washington, U.S, April 26, 2017. REUTERS/Kevin Lamarque

President Donald Trump unveiled a one-page plan on Wednesday proposing deep U.S. tax cuts, many for businesses, that would make the federal deficit balloon if enacted, drawing a cautious welcome from fiscal conservatives and financial markets.

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Berkeley soda tax takes a big gulp out of sugary-drink sales

Berkeley soda tax takes a big gulp out of sugary-drink sales

Published 19/04/2017

By Ronnie Cohen(Reuters Health) - The nation’s first soda tax is fulfilling health experts’ goals in Berkeley, California.Sales of sugar-swee

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House tax committee plans public hearings on tax overhaul

House tax committee plans public hearings on tax overhaul

Published 05/04/2017

FILE PHOTO: U.S. House Ways and Means Committee Chairman Representative Kevin Brady (R-TX) arrives at a House of Representatives conference meeting on Capitol Hill in Washington, U.S. April 4, 2017. REUTERS/Eric Thayer

The tax oversight committee in the U.S. House of Representatives will hold public hearings in coming weeks as the panel prepares to unveil legislation to overhaul the U.S. tax code, congressional aides said on Wednesday.

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Fannie, Freddie may write down $21 billion due to U.S. tax cut: BMO

Fannie, Freddie may write down $21 billion due to U.S. tax cut: BMO

Published 31/03/2017

File photo: A stands outside Fannie Mae headquarters in Washington February 21, 2014. REUTERS/Kevin Lamarque

U.S. mortgage finance giants Fannie Mae (FNMA.PK) and Freddie Mac (FMCC.PK) may write down $21 billion of tax-related assets if there is a deep cut in the federal corporate tax rate as promised by President Donald Trump, according to an analyst at BMO Capital Markets on Friday.

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