Search Results for: taxes
Yen Drops as Abe Delays Sales Tax, Calls Early Vote; Ruble Rises
November 18th, 2014
The yen fell against the euro and touched its weakest in more than seven years against the dollar as Japanese Prime Minister Shinzo Abe called an early election and suspended a planned sales-tax increase. Japan’s currency slipped against most ...
EU says Starbucks’ Dutch tax deal may be illegal
November 14th, 2014
A deal between Starbucks Corp’s (SBUX.O) and Dutch authorities may be illegal state aid as it allows the world’s biggest coffee chain to make payments on a lower corporate income tax base, European Union antitrust regulators said on Friday. The comments ...
China to Waive Capital-Gains Tax for Foreigners on Link
November 14th, 2014
China will waive capital-gains taxes for foreign stock investors using the Shanghai-Hong Kong (HSCEI) bourse link, clarifying its rules three days before the program’s debut provides unprecedented access to mainland shares. Chinese individuals who buy Hong Kong equities through the link get a ...
IRS Scanning 10-Ks for Tax Data, Report Finds
November 13th, 2014
When CFOs and accounting standard-setters refer to the “users” of corporate 10-Ks, they usually mean investors, research analysts and rival companies. But new research suggests that another kind of user has been taking a keen interest in their companies’ ...
Orix to buy software maker Yayoi for over $691 mln
November 13th, 2014
Japanese financial services provider Orix Corp said it would buy accounting software maker Yayoi Co from private equity firm MBK Partners for more than 80 billion yen ($691 million), as it tries to expand its customer base into smaller ...
FATCA Letters Promise Disclosure To IRS, What To Do?
November 12th, 2014
If you have a bank account anywhere outside the U.S., chances are you will receive a letter saying that your bank must hand over the details of any American accounts, including yours. The letters vary with the country and ...
HMRC letters warning of £1m fines hit tax firms
November 12th, 2014
The first batch of avoidance experts who could be both publicly denounced by HM Revenue & Customs and forced to reveal their clients’ names has been written to by the tax department. The advisers, who HMRC regards as potentially ...
Ireland Vies to Remain Silicon Valley’s Low-Tax Home Away From Home
November 10th, 2014
In a sprawling conference center on the outskirts of the Irish capital, more than 20,000 people from the global tech industry gathered last week to sign deals and swap contacts. Despite the throngs of start-ups, American heavy hitters like ...
French lawmakers seek clarity on Qatar tax breaks
November 7th, 2014
The finance committee of the French parliament has called for a report by mid-2015 on controversial tax breaks on property deals granted to states including Qatar, France’s closest Gulf ally. In Qatar’s case the concessions were granted by ex-president ...
Lame Duck Congress Likely to Pass Tax Extenders
November 7th, 2014
A panel of Congressional staffers was unanimously optimistic Thursday morning that the lame-duck Congress would pass a package of “extenders,” including ones that would preserve tax breaks for research and development investments and purchases of equipment. Summing up the ...
