Search Results for: tax
Yahoo shares fall on worries of possible U.S. tax change on spinoffs
May 20th, 2015
Yahoo Inc (YHOO.O) shares fell 7.6 percent on Tuesday on concerns that a possible change in U.S. tax regulations would affect Yahoo’s planned spinoff of its stake in Alibaba Group Holding Ltd (BABA.N). The change – discussed by a ...
OECD attacks ‘aggressive tax plans’
May 14th, 2015
Technology companies need to stop “extremely aggressive” tax planning, the man charged with reforming global tax rules has told the BBC. He says these “push the boundaries of what is legal”. Pascal Saint-Amans, who runs the OECD‘s Centre for ...
Financial transaction tax unlikely before 2017-Austria finmin
May 12th, 2015
Europe is unlikely to impose a financial transaction tax before 2017, not in 2016 as earlier planned, Austrian Finance Minister Hans Joerg Schelling told Reuters. The tax, first proposed in the 1970s to penalise currency speculators, was seized on ...
Sweden Consults On New Bank Tax
May 12th, 2015
The Swedish Cabinet, on May 7, endorsed plans for a study to be undertaken on the Government’s proposal for a new tax on the financial sector. Financial services, including banking, securities trading, and insurance services, are exempt from value-added ...
Australia: Multinationals face tax avoidance crackdown
May 11th, 2015
The Abbott government will legislate to crack down on tax avoidance by 30 multinational companies, with planned penalties for diverted profits that “will go further” than action taken by the United Kingdom. Announcing measures to be taken in tomorrow’s ...
Hungary To Lower Bank Tax
May 11th, 2015
The Hungarian Government is to submit a legislative amendment to Parliament for its approval that would lower the bank tax. The amendment was drafted based on discussions between Hungary and the European Bank of Reconstruction and Development (EBRD) in ...
Indonesia Plans to Gradually Cut Corporate Tax Rate to Below 18%
May 11th, 2015
Indonesia will gradually cut its corporate tax rate to discourage companies from booking profits in lower-tax countries such as Singapore, the president’s top aide said. The government will cut the rate from 25 percent currently to “maybe 17.8 or ...
Tax rulings: “We need a common corporate tax base”, says Commissioner Vestager
May 6th, 2015
Why did the EU Commission take so long to launch investigations into member states’ tax rulings? Is its strategy to go only after small countries, such as Belgium, the Netherlands, Luxembourg and Ireland? Will the instruments available to it ...
Average tax rate paid by FTSE 100 resumes downward slide, falling to 23.1%
April 27th, 2015
Oil & gas, banks and resources pay highest rates The average effective rate of tax paid as reported by FTSE 100 companies has resumed its downward slide, dropping to just 23.1% of profits last year down from 25.9% the ...
Ruble is enjoying demand thanks to monthly tax payments
April 24th, 2015
The ruble made new gains on Thursday, supported by impending monthly tax payments that require the conversion of export earnings, and ignoring expectations the central bank will soon cut interest rates. “The Russian currency is enjoying demand thanks to ...
