Search Results for: tax
Cash Abroad Rises $206 Billion as Apple to IBM Avoid Tax
March 14th, 2014
The largest U.S.-based companies added $206 billion to their stockpiles of offshore profits last year, parking earnings in low-tax countries until Congress gives them a reason not to. The multinational companies have accumulated $1.95 trillion outside the U.S., up ...
Lords call for delay to LLP tax reforms
March 13th, 2014
CHANGES in the taxation of limited liability partnerships should be delayed until April 2015 in order to give firms affected an opportunity to adjust, the House of Lords Economic Affairs Committee has recommended. The government’s current intention to introduce ...
Treasury Committee criticises government tax targets
March 12th, 2014
THE ACCURACY of the government’s tax targets have been queried by the Treasury Select Committee. The yield from tax agreements such as the UK-Swiss deal has fallen well short of expectations, with that particular arrangement only generating a quarter ...
Cyprus government mulling reduced VAT for basic necessities
April 21st, 2023
It is unclear how effective government machinations to reduce the VAT on necessary goods will be, following reports on Wednesday that authorities are looking to completely axe tax on items like bread, milk, and baby food. Commenting on the ...
European Council reaches agreement on updated rules for VAT rates
December 14th, 2021
The European Council reached agreement on a proposal to update EU rules on rates of value added tax (VAT). The new rules reflect member states’ current needs and the EU’s present policy objectives, which have changed considerably since the ...
VAT rules for European ecommerce
August 4th, 2021
Whether your business is located within the European Union or outside, if you’re shipping to customers in European countries, you will have to pay value-added tax (VAT). On this page we’ll list the current VAT rules for EU cross-border ...
Banking faces seismic changes
July 13th, 2021
The role of commercial banks in the global economy is changing, with lending to governments and their agencies now more important than lending to goods and services industries. It is a trend which is due to continue. The ...
The Geopolitics of Gold
June 10th, 2021
A number of events are coming together which are set to push gold prices higher. Besides a combination of continuing inflationary policies and massive future budget deficits undermining the dollar, by closing down derivative market activities new Basel ...
European stocks dipped slightly on Tuesday
April 27th, 2021
European markets are following the trend seen overnight Asia-Pacific, where stocks mostly declined as concerns about the spread of Covid-19 lingered. Elsewhere, U.S. stock futures held steady in early premarket trading on Tuesday as investors braced for another batch ...
Why interest rate management fails
April 23rd, 2021
This article explains why attempting to achieve economic outcomes by managing interest rates fails. The basis of monetary interventionist theories ignores the discoveries of earlier free-market thinkers, particularly Say, Turgot and Böhm-Bawerk. It also ignores Gibson’s paradox, which ...
