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Results for
tax
116 Results-
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
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 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
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
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
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
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 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 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
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
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
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
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
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
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’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 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 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
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 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
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 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 Prime Minister Edouard Philippe announced on Tuesday new concessions to “yellow vest” protesters, saying planned increases in ... World News -
France must speed up tax cuts, says Finance Minister Le Maire
French Finance Minister Bruno Le Maire on Monday said tax cuts should be accelerated, and by consequence the pace of public spending cuts quickened, ... World News -
Total says fuel stations running dry due to ‘yellow vest’ protests
“Yellow vest” protesters are blocking access to 11 of Total’s fuel depots in France and fuel stations are beginning to run dry, a ... Economy -
UAE tourists to get VAT refund starting November
The United Arab Emirates will be refunding its 5% value added tax (VAT) on all goods and services to millions of tourists starting November, according ... Economy -
Kuwait to postpone VAT implementation to 2021, says parliament committee
Kuwait will not implement value-added tax before 2021 but will push ahead with introducing excise tax, parliament's budget committee said in a ... Economy -
UAE vendors hope for tax relief on gold following drop in sales
Following a plummet in gold jewelry sales in the UAE by almost 50 percent, jewelry vendors are hoping for a tax relief on the precious metal.The ... Economy -
Despite protests, Iran raises prices of water, electricity and gas
While the protests across Iran continue against rising prices and the drop in living conditions, the Iranian parliament has agreed to increase water, ... Economy -
No plans to raise VAT in the UAE for the next 5 years, minister says
The UAE has no plans to raise the rate of value-added tax (VAT) in the near future, according to Minister of State for Financial Affairs Obaid Al ... Economy