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Results for

tax

123 Results
  • Britain brings in price floor to North Sea windfall tax

    Britain brings in price floor to North Sea windfall tax

    Britain said on Friday a windfall tax on oil and gas producers would run until 2028 but the 75 percent level would almost half if prices returned to ...
    Energy
  • UAE rolls out 9 pct business tax to boost non-oil revenue 

    UAE rolls out 9 pct business tax to boost non-oil revenue 

    The UAE began rolling out a 9 percent business tax on Thursday, with relief for small firms and likely exemptions for export-focused free zone ...
    Economy
  • Biden says ‘I’m gonna raise some taxes’ in March budget proposal

    Biden says ‘I’m gonna raise some taxes’ in March budget proposal

    President Joe Biden said on Tuesday that his March 9 budget proposal to the U.S. Congress will include some higher taxes, including on billionaires, ...
    World News
  • Retailers, hotels slash prices after Dubai removes 30 pct tax on alcohol sales

    Retailers, hotels slash prices after Dubai removes 30 pct tax on alcohol sales

    Retailers and hotels have begun slashing prices on licensed beverages after a decision by the Dubai Municipality to remove a 30 percent tax on alcohol ...
    Gulf
  • Shoppers hit Singapore’s malls ahead of sharp sales tax hike

    Shoppers hit Singapore’s malls ahead of sharp sales tax hike

    Singaporean Soif Noor has already bought furniture and appliances for his new home, four months before he can move in. Like many residents, he’s been ...
    World News
  • UAE issues 9 pct corporate tax for firms exceeding $100,000 income

    UAE issues 9 pct corporate tax for firms exceeding $100,000 income

    The United Arab Emirates has issued a decree-law imposing a corporate tax at a 9 percent rate for taxable business income exceeding AED 375,000 ...
    Gulf
  • UK facing ‘painful’ cuts to fix public finances: Study

    UK facing ‘painful’ cuts to fix public finances: Study

    Britain faces “big and painful” cuts in public spending to fix state finances should it decide against more U-turns over recently-unveiled tax cuts, a ...
    World News
  • Tesla’s Musk says he will pay over $11 bln in taxes this year

    Tesla’s Musk says he will pay over $11 bln in taxes this year

    Electric-car maker Tesla Inc’s Chief Executive Officer Elon Musk said on Sunday on Twitter that he will pay more than $11 billion in taxes this ...
    Economy
  • G7 global tax plan won’t ‘break the camel’s back’ in GCC states: Experts

    G7 global tax plan won’t ‘break the camel’s back’ in GCC states: Experts

    Earlier this month, the G7 announced an unprecedented plan to cooperate on taxing multinational companies in a bid to put an end to tax abuse. The ...
    Gulf
  • Oman to start cutting utility subsidies in January

    Oman to start cutting utility subsidies in January

    Oman will start reforming its expensive system of subsidies in January by shifting the focus of its electricity and water spending to its poorest ...
    Gulf
  • Saudi VAT: New coronavirus tax rate one of the lowest among advanced economies

    Saudi VAT: New coronavirus tax rate one of the lowest among advanced economies

    On Monday, Saudi Arabia announced it would be tripling its value added tax (VAT) rate to 15 percent from July 1, up from 5 percent.The move comes as ...
    Coronavirus
  • Coronavirus: India’s capital imposes 70 pct tax on alcohol to prevent large crowds

    Coronavirus: India’s capital imposes 70 pct tax on alcohol to prevent large crowds

    Officials in India’s capital imposed a special tax of 70 percent on retail liquor purchases from Tuesday, to deter large gatherings at stores as ...
    Coronavirus
  • France, US agree to extend digital tax row talks: French diplomat

    France, US agree to extend digital tax row talks: French diplomat

    Presidents Emmanuel Macron and Donald Trump have agreed to extend negotiations on a dispute over a French tax on digital giants to the end of the year ...
    Economy
  • Egypt arrests tax authority chief on charges of receiving bribes

    Egypt arrests tax authority chief on charges of receiving bribes

    The head of Egypt's tax authority, Abdul Azim Hussein, has been arrested on charges of receiving bribes, the public prosecutors' office said on ...
    Economy
  • Turkey eyes new tax revenues with series of proposed changes

    Turkey eyes new tax revenues with series of proposed changes

    Turkey is preparing to raise tax revenues with a series of measures including higher rates for high earners and high-value properties, hotel ...
    Economy
  • Algeria plans wealth, property tax for first time

    Algeria plans wealth, property tax for first time

    Algeria plans to implement taxes on wealth and property next year for the first time, the presidency said after a cabinet meeting on Sunday that ...
    North Africa
  • Trump sues Manhattan DA seeking to block tax return subpoena

    Trump sues Manhattan DA seeking to block tax return subpoena

    President Donald Trump is asking a federal judge to block an effort by New York prosecutors to obtain his tax returns. Trump's attorneys filed a ...
    World News
  • White House mulling tax cut to avoid recession

    White House mulling tax cut to avoid recession

    The White House is considering cutting taxes or reversing tariffs to head off a recession, US media reported on Monday, despite President Donald ...
    Economy
  • US budget deficit grows 27 percent through July

    US budget deficit grows 27 percent through July

    The US government's budget deficit rose by $183 billion to $867 billion during the first 10 months of this budget year as spending grew more than ...
    Economy
  • France tells Trump: Don’t mix digital taxes and wine tariffs

    France tells Trump: Don’t mix digital taxes and wine tariffs

    Finance Minister Bruno Le Maire said on Saturday France would proceed with its tax on the revenues of big technology firms and urged the United States ...
    Economy
  • With Mexico deal done, US urges China to resume trade talks

    With Mexico deal done, US urges China to resume trade talks

    One down, still others to go. President Donald Trump claimed a victory after Washington and Mexico agreed on measures to stem the flow of Central ...
    Economy
  • Shakira in court in Spain over alleged tax fraud

    Shakira in court in Spain over alleged tax fraud

    Colombian superstar Shakira went to court near Barcelona on Thursday to be questioned over the alleged evasion of 14.5 million euros ($16.3 million) ...
    Entertainment
  • Egypt could cut taxes for stock exchange investors

    Egypt could cut taxes for stock exchange investors

    Egypt’s stock market and finance ministry are considering combining stamp duty and capital gains taxes charged on equities investments to limit ...
    Financial Markets
  • Saudi Arabia to tax e-cigarettes and more soft drinks

    Saudi Arabia to tax e-cigarettes and more soft drinks

    Saudi Arabia has imposed a special tax on electronic cigarettes and sugary drinks, extending similar taxes introduced in 2017 as it seeks to reduce a ...
    Healthy Living
  • Chinese star Fan Bingbing re-emerges after tax scandal

    Chinese star Fan Bingbing re-emerges after tax scandal

    Chinese superstar Fan Bingbing has reappeared in public following a year’s absence from the spotlight, after authorities targeted her in a ...
    Entertainment
  • UAE regrets EU’s decision to include it on tax related list

    UAE regrets EU’s decision to include it on tax related list

    The European Union’s decision to include the United Arab Emirates on its blacklist of tax havens was due to “lack of communication” ...
    Economy
  • Amazon says new NYC home won’t tap federal program offering tax breaks

    Amazon says new NYC home won’t tap federal program offering tax breaks

    Amazon will not take advantage of a federal program offering massive tax breaks when it builds headquarters in New York City. The internet shopping ...
    Economy
  • Global economy: Time to pay the piper

    Global economy: Time to pay the piper

    On the decennial of the financial meltdown of 2008-09, global economy remains in a febrile state. After throwing the proverbial kitchen sink at the ...
    Middle East
  • Spanish prosecutors file tax evasion charges against Shakira

    Spanish prosecutors file tax evasion charges against Shakira

    Spanish prosecutors have charged pop music star Shakira with tax evasion, alleging she failed to pay more than 14.5 million euros ($16.3 million) ...
    Entertainment
  • French PM confirms fuel tax suspensions, calls for calm

    French PM confirms fuel tax suspensions, calls for calm

    French Prime Minister Edouard Philippe announced  on Tuesday new concessions to “yellow vest” protesters, saying planned increases in ...
    World News
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