tax

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

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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Trump, conservatives try to put aside bitterness to cut tax deal

Trump, conservatives try to put aside bitterness to cut tax deal

Published 29/03/2017

FILE PHOTO: House Freedom Caucus Chairman U.S. Representative Mark Meadows (R-NC) speaks to reporters after meeting with his caucus members about their votes on a potential repeal of Obamacare on Capitol Hill in Washington, U.S., March 23, 2017. REUTERS/Jonathan Ernst/File Photo

Raw feelings and mistrust could pose an obstacle to President Donald Trump and hard-line conservative lawmakers in his Republican Party as they seek to rebound from defeat on healthcare legislation by launching into an overhaul of the U.S. tax code.

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How a border tax could divide Boeing and its suppliers

How a border tax could divide Boeing and its suppliers

Published 24/03/2017

The logo of Dow Jones Industrial Average stock market index listed company Boeing (BA) is seen in Los Angeles, California, United States, April 22, 2016. REUTERS/Lucy Nicholson

A U.S. tax overhaul proposed by Republican leaders in Congress would deepen divisions between big manufacturers like Boeing Co and the thousands of smaller companies that supply them, according to suppliers and tax and trade experts.

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Morgan Stanley gave some clients incorrect tax information

Morgan Stanley gave some clients incorrect tax information

Published 27/02/2017

FILE PHOTO - The corporate logo of financial firm Morgan Stanley is pictured on the company's world headquarters in New York, New York, U.S. on January 20, 2015. REUTERS/Mike Segar/File Photo

Morgan Stanley gave some wealth management clients incorrect information on taxes that caused some to underpay and others to overpay, according to a regulatory filing on Monday.

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