Search Results for: Tax
Japan suffers biggest economic slump since 2011 quake as tax hike bites
August 13th, 2014
A sales tax hike last quarter drove Japan’s economy into its biggest contraction since the March 2011 earthquake and tsunami, Cabinet Office data showed on Wednesday, keeping policymakers under pressure to expand fiscal and monetary stimulus should recovery falter ...
American taxpayers abandon U.S. before register to FATCA
August 11th, 2014
The U.S. Treasury Department has published indicative numbers illustrating the number of 1 577 United States taxpayers giving up their passports or their green cards in the first half of this year. The increasing number of individuals doing so, ...
Tax on online advertisements bring discontent to e-tailers in Bangalore
August 11th, 2014
With Budget 2014 re-introducing service tax on online and mobile advertising, e-commerce industry facing the direct brunt of it has now adopted a wait and watch strategy. But they feel that the government needs to go extra mile to ...
HMRC Battles Glasgow Rangers Over Tax Dispute
August 8th, 2014
HM Revenue and Customs (HMRC) has appeal for permission to begin a tax battle involving Scottish football club Rangers’ use of employee benefit trusts. HMRC argued that the former giant of the Scottish Premier League should tax its employees’ ...
Spain Unveils ‘Google Tax’
August 7th, 2014
Spain’s Congress of Deputies has approved a law, which will pave the way for a levy on news aggregation websites. Dubbed the “Google Tax,” the levy would allow news publishers to charge “electronic news aggregation systems,” such as the ...
Seychelles Able To Avoid More Tax Measures
August 6th, 2014
The Seychelles Government has announced temporary financial measures, which will lead to higher interest rates and reduced lending, but which, it was said, will not be joined by any changes to taxation. Finance, Trade, and Investment Minister Pierre Laporte ...
Treasury seeks ways to block tax inversions
August 6th, 2014
The Treasury Department is exploring ways to unilaterally block a surge of U.S. companies shifting their headquarters overseas in search of major tax savings. The new escalation of the White House battle against corporate tax inversions came as a ...
Walgreen Is Said to Near a Deal to Buy Out Boots Pharmacy, but Without a Tax Inversion
August 6th, 2014
The Walgreen Company is said to be near a deal to take over the British pharmacy retailer Alliance Boots, but through a plan to do so without moving its corporate headquarters abroad. The American retailer is closing in on ...
HSBC reports pretax profit of $1 billion on MENA operations
August 5th, 2014
HSBC has reported that its profit before tax for H1 2014 in the Middle East and North Africa is up nine per cent on both reported and constant currency bases. On an underlying basis, profit before tax increased by ...
DOTAS ‘kiss of death’ for tax avoidance schemes
August 5th, 2014
The Dotas regime has become the “kiss of death” for tax avoidance schemes and has pushed some promoters into providing non-DOTAS structures instead. The Disclosure of Tax Avoidance Schemes (DOTAS) sees anyone entering into a scheme generating tax savings ...
