Oct 29, 2014

Movie company fined for failing to report ¥1 billion in income

Tax authorities say Sedic International Inc., a film production firm known for its Oscar winner “Okuribito” (“Departures”), failed to declare about ¥1 billion in income in the five years to August 2012. The Tokyo Regional Taxation Bureau levied about ¥400 million in back taxes, ...

Oct 27, 2014

Thousands of Hungarians protest Internet traffic tax

Thousands of Hungarians protested in Budapest on Sunday against a planned new tax on Internet data transfers, which they said would not only increase the tax burden but would also curb fundamental democratic rights and freedoms. Prime Minister Viktor Orban’s government, which has been ...

U.S. closes loopholes to curb corporate tax inversions

Sep 23, 2014

U.S. closes loopholes to curb corporate tax inversions

The U.S. Treasury took action Monday to halt a rising torrent of U.S. companies moving offshore to cut their tax bills, saying the surge in so-called inversions threatened government income. The move to close loopholes that encourage U.S. companies to merge with a foreign ...

Australia repeals maligned two-year-old carbon tax

Jul 17, 2014

Australia repeals maligned two-year-old carbon tax

Australia’s government repealed a much-maligned carbon tax on the nation’s worst greenhouse gas polluters on Thursday, ending years of contention over a measure that became political poison for the lawmakers who imposed it. The Senate voted 39 to 32 to axe the 24.15 Australian ...