U.S. President Donald Trump addresses a joint news conference with Canadian Prime Minister Justin Trudeau at the White House in Washington, U.S., February 13, 2017. REUTERS/Kevin Lamarque A congressional tax oversight committee will not seek U.S. President Don... More »
The logo of Zuercher Kantonalbank bank (ZKB) is seen at its headquarters at the Bahnhofstrasse in Zurich, Switzerland March 7, 2016. REUTERS/Arnd Wiegmann Swiss local government-owned Zuercher Kantonalbank (ZKB) hasn’t made much progress in settling a tax case... More »
A Swiss flag is pictured in front of the Federal Palace (Bundeshaus) is pictured in Bern, Switzerland, January 16, 2017. Picture taken on January 16, 2017. REUTERS/Denis Balibouse U.S. medical implant maker Zimmer Biomet’s (ZBH.N) decision on a potential $40 m... More »
FILE PHOTO: Rep. Mick Mulvaney (R-SC) testifies before a Senate Budget Committee confirmation hearing on his nomination of to be director of the Office of Management and Budget on Capitol Hill in Washington, U.S., January 24, 2017. REUTERS/Carlos Barria/File P... More »
U.S. House Speaker Paul Ryan holds a news conference at the U.S. Capitol in Washington, U.S. January 5, 2017. REUTERS/Jonathan Ernst U.S. House of Representatives Speaker Paul Ryan and top members of President-elect Donald Trump’s transition team on Monday dis... More »
U.S. President-elect Donald Trump listens to questions from reporters in the lobby at Trump Tower in New York, U.S., January 9, 2017. REUTERS/Mike Segar In a series of tweets, President-elect Donald Trump has recently threatened several companies with “big bor... More »
The logo of Swiss bank Credit Suisse is seen below the Swiss national flag at a building in the Federal Square in Bern May 15, 2014. REUTERS/Ruben Sprich/File Photo Credit Suisse has agreed to pay 109.5 million euros ($119 million) in taxes and penalties to se... More »
A man holds his smartphone which displays the Google home page, in this picture illustration taken in Bordeaux, Southwestern France, August 22, 2016. REUTERS/Regis Duvignau Thailand is studying plans to toughen tax collection rules for internet and technology ... More »
U.S. Democratic presidential candidate Hillary Clinton speaks during a campaign event at the Frontline Outreach and Youth Center in Orlando, U.S. September 21, 2016. REUTERS/Carlos Barria Democratic U.S. presidential nominee Hillary Clinton on Thursday propose... More »
Investors who own some bank sector funds may be in for an unwanted surprise: a tax bill. More »
JAKARTA Indonesian President Joko Widodo on Monday urged citizens to take part in the country’s new tax amnesty and pledged his government will “go all out” to keep the law behind it from potentially getting blocked in court. In line with low payment rates in ... More »
JAKARTA The Indonesian government will start the implementation of its tax amnesty program on Monday, more than two weeks after parliament passed the law in an effort to bring home funds stashed abroad, a tax official said. The country’s finance minister will ... More »
OTTAWA Canada’s tax authority is probing real estate deals in British Columbia for underpayment of taxes, amid a boom in sales, prices and property flipping, and said on Friday it is not specifically focusing on foreign investors. The Canada Revenue Agency sai... More »
JAKARTA A tax amnesty program planned by Indonesia’s government could potentially attract home 560 trillion rupiah ($42.38 billion) of assets stashed offshore, the central bank governor told a parliamentary commission on Monday. The amnesty program could also ... More »
BERLIN Germany’s federal states appealed to media outlets on Friday to let prosecutors examine the full detail of the Panama Papers that revealed how offshore firms are used to stash the wealth of the world’s rich and powerful. The scandal broke in early April... More »
BERN/GENEVA Banking watchdogs across Europe have begun checking whether lenders have ties to a massive document leak from Panama that showed how offshore companies are used to stash clients’ wealth. Switzerland’s financial watchdog FINMA said on Thursday that ... More »
LONDON Britain’s Financial Conduct Authority has asked 20 banks and other financial firms to check if they have any ties to Panama law firm Mossack Fonseca, the regulator said on Thursday. A massive leak of documents from the firm released this week detailed h... More »
ST PETERSBURG, Russia Russian President Vladimir Putin said a friend of his named in the “Panama Papers” leaks had done nothing wrong and spent the money he earned from business on buying expensive musical instruments which he was donating to public institutio... More »
ZURICH/REYKJAVIK, Swiss police raided the European soccer body UEFA on Wednesday to seize information about a contract disclosed in the Panama Papers that was signed by Gianni Infantino, now head of the global soccer body FIFA. The impact of the leaked documen... More »
SYDNEY/PANAMA CITY Tax authorities in Australia and New Zealand are probing local clients of a Panama-based law firm at the center of a massive data leak for possible tax evasion. The leak involves more than 11.5 million documents from the files of law firm Mo... More »
PANAMA CITY The head of a Panama-based law firm at the center of a massive leak of offshore financial data on Sunday denied any wrongdoing, and said his firm has fallen victim to “an international campaign against privacy”. German newspaper Suddeutsche Zeitung... More »
TOKYO In late 2014, Japanese Prime Minister Shinzo Abe caught markets and voters off-guard when he postponed an unpopular sales tax hike and called a snap election. Less than two years later, the only surprise will be if he doesn’t repeat the play. With consum... More »
JAKARTA Global Internet-based firms could have their services blocked in Indonesia if they do not obtain “permanent establishment” status in the country and pay Indonesian tax, government officials said on Monday. Finance Minister Bambang Brodjonegoro told rep... More »
NEW YORK Before the Supreme Court legalized same-sex marriage across the United States last June, couples in 13 states still had to perform a complicated dance of filing separate tax returns, even if they had been legally married in another state. This year wi... More »
LONDON Britain’s opposition Labour party demanded on Sunday that the finance ministry explain how it arrived at a back tax payment by Internet giant Google that has put the government on the back foot. The settlement of 130 million pounds ($185 million) for th... More »
SYDNEY Australian tax authorities on Thursday took the unprecedented step of publishing the records of hundreds of companies, including Google Inc (GOOGL.O) and Apple Inc APPL.O, which show they paid little or no tax on their in-country earnings. Of more than ... More »
PARIS French Culture Minister Fleur Pellerin has ruled out allowing prime time advertising on public TV broadcasters, saying an increase in their funding should come from a slight increase in the TV tax. Last Tuesday Finance Minister Michel Sapin had raised th... More »
LOS ANGELES The “happiest place on Earth” will keep a special tax exemption in Anaheim, California, for 30 more years if the City Council approves the Walt Disney Co’s plan for a $1 billion-plus expansion of its theme park complex in the city. The five-member ... More »
ZURICH Tunisia has filed an objection to HSBC’s agreement to pay 40 million Swiss francs ($43 million) to settle a money laundering investigation at its Swiss private bank, a lawyer representing the North African country said on Monday. After four months of in... More »
ZURICH Tunisia has filed an objection to HSBC’s agreement to pay 40 million Swiss francs ($42.5 million) to settle a money laundering investigation at its Swiss private bank, Swiss newspaper SonntagsZeitung reported on Sunday. After four months of inquiries Ge... More »
WASHINGTON — Past its own New Year’s deadline, a weary Congress sent President Barack Obama legislation to avoid a national “fiscal cliff” of middle class tax increases and spending cuts late Tuesday night in the culmination of a struggle that strained America... More »
Even if U.S. lawmakers avoid the so-called fiscal cliff, higher taxes and brinksmanship in Washington are likely to continue damaging the fragile economy well into 2013. In the early hours of the new year, the Senate passed emergency legislation to prevent dee... More »
