Results for
Tax
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Tesla scales back German battery plans after US tax incentives
Tesla has begun assembling battery systems at its plant in Germany but will focus cell production in the United States in light of tax incentives ... Technology -
Indian authorities accuse BBC of tax evasion after raids
India’s Finance Ministry accused the BBC of tax evasion on Friday, saying that it had not fully declared its income and profits from its operations in ... World News -
Saudi Arabia ‘virtually only country’ to successfully raise VAT in pandemic: Minister
Saudi Arabia is “virtually the only country” that was able to successfully raise VAT from five to fifteen percent amid the challenging economic ... Saudi Arabia -
Dubai ends 30 percent tax on alcohol sales, fee for liquor licenses
Dubai ended its 30 percent tax on alcohol sales Sunday and made its required liquor licenses free to obtain, in an apparent move to further boost ... Gulf -
Italy’s tax authorities investigate Pfizer profits: Sources
Italy’s tax authorities are investigating profits reported by Pfizer Inc’s local unit Pfizer Italia srl, two sources with knowledge of the matter told ... World News -
UK’s Sunak reconsiders tax rises, major public spending cuts: Report
British Prime Minister Rishi Sunak is considering tax rises and major public spending cuts, according to The Telegraph.Sunak on Wednesday delayed the ... World News -
Biden compares Republican economic plans to ex-UK PM Truss'
US President Joe Biden on Wednesday compared Republican plans on taxes and spending if they take control of Congress in November to the economic plan ... World News -
UK foreign minister fails to reaffirm corporation tax plan
Britain’s Foreign Secretary James Cleverly did not confirm that the government would go ahead with a plan to keep corporation tax at its current level ... Economy -
US IRS mistakenly publishes 120,000 taxpayers’ confidential data
The Internal Revenue Service mistakenly published confidential data for 120,000 taxpayers on its website before realizing the error and taking down ... World News -
Oxfam tells Davos: Time to tax growing billionaire club
The COVID-19 pandemic has created a new billionaire every 30 hours and now one million people could fall into extreme poverty at the same pace, Oxfam ... World News -
Dubai high earners keep more of their salary than anywhere else in world: Report
High earners in Dubai take home more of their salary after tax and social security contributions than anywhere else in the world, according to a ... Gulf -
Multinationals tax shift unlikely until 2022, says Yellen
US Treasury Secretary Janet Yellen on Sunday said that a newly endorsed mechanism to allow more countries to tax large, highly profitable ... World News -
US’s Yellen says will try to address concerns of tax deal holdout countries
US Treasury Secretary Janet Yellen said on Saturday that she would work to try to address the concerns of holdout countries that have not signed onto ... Economy -
White House says G7 leaders will endorse proposed 15 percent global corporate tax
G7 leaders meeting in Britain will endorse US President Joe Biden’s proposal for global minimum tax of at least 15 percent on corporations, White ... World News -
G7 finance ministers meet in London to broker global tax deal
Finance ministers from the G7 group of rich nations will meet in London on Friday for two days of talks aimed at moving closer to a global deal to ... Economy -
Israel, UAE sign tax treaty to boost economic cooperation
Israel and the United Arab Emirates signed a tax treaty on Monday, Israel’s Finance Ministry said, describing the move as a spur to business ... Middle East -
Turkish fuel prices rise as special consumption tax hiked
Turkey raised the special consumption tax on some petrol and diesel oil types, as well as liquefied petroleum gas, propane and butane by rates ranging ... Energy -
Biden unveils reversal of Trump tax cuts for most wealthy
US President Joe Biden wants to reverse his predecessor Donald Trump’s tax cuts for the wealthy to pay for a huge middle class families spending plan, ... Economy -
Dubai-based hedge fund trader’s $2 bln tax trial begins in London
The first round of Denmark’s 1.5 billion-pound ($2 billion) Cum-Ex case against hedge-fund trader Sanjay Shah and his associates kicked off in London, ... Business -
Luxembourg denies tax haven claims
Luxembourg on Monday denied claims made in international media publications that the nation is a massive tax haven for the world’s rich and famous ... World News -
France resumes tax on Facebook, Amazon, and others despite US threat
France is resuming collection of a special tax on Big Tech companies like Amazon and Facebook despite the threat of US retaliatory tariffs on French ... Technology
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