Apple tax avoidance plan comes to light in leaked documents

Nov 7, 2017

Apple tax avoidance plan comes to light in leaked documents

Apple shifted much of its offshore wealth from Ireland to a tax haven in the British Isles, according a review of leaked "Paradise Papers" documents Monday. Apple confirmed the move in an online post, saying it served to "ensure that tax obligations and payments to ...

Millions of U.S. Expats May Get Tax Relief, Financial Times Says

Oct 27, 2017

Millions of U.S. Expats May Get Tax Relief, Financial Times Says

Millions of U.S. expatriates may pay less tax as Republicans eye the elimination of requirements for citizens abroad to pay taxes both overseas and in the U.S., the Financial Times has reported, citing House Ways and Means Committee chief Kevin Brady. Lawmakers were taking "seriously" ...

New London pollution tax comes into force

/ Oct 23, 2017

New London pollution tax comes into force

Drivers of the most polluting vehicles will face an extra daily charge for driving into central London on weekdays from Monday in a bid to improve air quality in one of Europe's most polluted cities. London Mayor Sadiq Khan announced the new £10 ($13.2) charge ...

/ Oct 15, 2017

U.S. rejects French proposal on taxing tech companies

The United States does not support a French proposal to tax the gross revenues of international tech corporations like Google and Amazon, Treasury Secretary Steven Mnuchin said Saturday. The remarks come as European officials say Washington has softened in recent days on a point that ...

/ Oct 14, 2017

U.S. moves closer to EU position on taxing tech giants

Washington is softening its position on European plans to impose taxes on U.S. tech giants such as Apple and Google, officials said this past week. The evolving attitude in recent days would mark a stark shift from American officials' frustration at previous efforts by European ...

Trump's tax overhaul gets mixed reviews from economists

Sep 28, 2017

Trump's tax overhaul gets mixed reviews from economists

President Donald Trump's new plan for broad-based income tax cuts debuted to mixed reviews, with industry cheering but economists cautioning that it could increase deficits with only modest gains in growth. The largest U.S. labor union, meanwhile, denounced the new plan as a "con game" ...