tax

Senate Republican Murkowski leaning yes on tax reform budget

Senate Republican Murkowski leaning yes on tax reform budget

Published 16/10/2017

U.S. Republican Senator Lisa Murkowski said on Monday that she was leaning toward a "yes" vote on a Senate budget resolution intended to facilitate the passage of tax reform legislation later this year. [more…]

Skip the health insurance tax question? Not so fast

Skip the health insurance tax question? Not so fast

Published 11/10/2017

With the fate of the Affordable Care Act up in the air after President Donald Trump took office in January, some taxpayers skipped a question on their 2016 returns that asked them to certify whether they had health insurance. [more…]

Republicans move on tax reform- Fed officials see economic threats

Republicans move on tax reform- Fed officials see economic threats

Published 05/10/2017

Congressional Republicans moved to hasten an overhaul of the U.S. tax code on Thursday, while Federal Reserve officials warned in rare public remarks that President Donald Trump's tax plan could lead to inflation and unsustainable federal debt. [more…]

Republican senator criticizes Trump tax plan

Republican senator criticizes Trump tax plan

Published 02/10/2017

U.S. Senator Rand Paul, a conservative maverick who helped kill the latest Republican effort to overturn Obamacare, took issue with President Donald Trump's tax plan on Monday, asking in a tweet if it was really Republican. [more…]

Trump calls for a tax reform `speed-up` in light of Hurricane Irma

Trump calls for a tax reform `speed-up` in light of Hurricane Irma

Published 09/09/2017

U.S. President Donald Trump said on Saturday that he will ask the Republican-controlled Congress to further speed up its efforts to overhaul the U.S. tax code, citing the potential impact of Hurricane Irma as a reason to hasten reforms. [more…]

France, Germany, Italy, Spain seek tax on digital giants` revenues

France, Germany, Italy, Spain seek tax on digital giants` revenues

Published 09/09/2017

France, Germany, Italy and Spain want digital multinationals like Amazon and Google to be taxed in Europe based on their revenues, rather than only profits as now, their finance ministers said in a joint letter. [more…]

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.

[more…]

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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