Search Results for: taxes
Apple ‘to pay €318m’ to settle Italy tax fraud case
December 30th, 2015
Apple’s Italian subsidiary has agreed to pay €318m (£235m; $348m) following an investigation into tax fraud allegations, Italy’s tax office says. Italy’s tax authorities say the company failed to pay €880m in tax between 2008 and 2013, according to ...
China and Clinton Agree: Traders Should Pay for Canceled Orders
December 30th, 2015
CSRC rule proposals seen taking effect in as early as 2016 Proposal to levy fees on high cancel rates echoes Clinton plan Chinese securities regulators are preparing some of the world’s strictest regulations on a trading practice at the ...
Saudi Arabia reveals cuts plan to shrink $98bn budget deficit
December 29th, 2015
Sparked by plunging oil prices, the 2016 budget marks biggest shakeup in years and includes politically sensitive reforms Saudi Arabia has announced plans to cut government spending and reform its finances after plunging oil prices resulted in a record annual ...
Saudi Arabia Set to Announce 2016 Budget Amid Oil Plunge
December 28th, 2015
Budget is 1st under King Salman, may see capital spending cut Kingdom may post a budget deficit of 20% of GDP this year Saudi Arabia, seeking to cope with the lowest oil prices in more than a decade, may ...
China Unveils Economic Blueprint for 2016
December 22nd, 2015
Chinese leaders approved an economic blueprint for next year that emphasizes tackling long-term problems and reflects a realization that debt and investment can no longer power the world’s second-largest economy. The plan, laid out at a closed-door conclave of ...
Saudi Arabia’s government is looking at smart, alternate revenue sources
December 21st, 2015
Saudi Arabia’s foreign reserves are a confidence booster but undoubtedly the government is looking at smart, alternate revenue sources that will not erode the country’s competitive advantage, say economists. Saudi Arabia has the financial depth to continue spending on ...
KPMG UK announces 2.6% growth in revenues to £1.96bn
December 18th, 2015
The firm invested almost £200m in acquisitions, property and staff training Tax and audit were the firm’s highest earning services The firm, its partners and employees paid £786m in taxes KPMG, the professional services firm providing audit, tax and ...
Bitcoin At Tax Time: What You Need To Know About Trading, Tipping, Mining And More
December 17th, 2015
If you have come into possession of Bitcoin or any other digital currency such as Ripple or Litecoin that is “convertible” to a real currency or can be used to pay for goods and services, it may seem virtual. But ...
Which of Australia’s biggest companies are not paying tax
December 17th, 2015
Out of 1539 of Australia‘s largest corporate entities, 38 per cent did not pay any tax in 2013-14. Tax Commissioner Chris Jordan has released the tax details of corporate entities with $100 million or more annual turnover – 985 of which are ...
Cyprus, Ukraine Agree To Replace Temporary DTA
December 15th, 2015
Cyprus and Ukraine have agreed the text of a double tax agreement that will likely replace their existing pact from January 1, 2019. The deal will newly include a most favored nation (MFN) clause for taxes on interest, dividends, ...
