Boeing to take $4.9 billion charge as 737 Max fallout worsens
Boeing Co. plans to record a $4.9 billion accounting charge related to its beleaguered 737 Max jetliner when the company reports quarterly earnings next week. The after-tax charge, equivalent to $8.74 a share, covers potential concessions and considerations for airline customers who have been forced ...
How the wealthiest 1% can be good for everybody
France will introduce a new charge on plane tickets from next year, with revenue used to fund environment-friendly alternatives, the country's transport minister said Tuesday. The "ecotax" costing between €1.50 ($1.7) and €18 ($20) will apply to most flights departing in France, Elisabeth Borne said. The ...
With new law, Trump's New York state tax returns can go to Congress
President Donald Trump's New York state tax returns could be given to Congress under a new law in his home state that the Democratic governor signed Monday. The measure signed by Gov. Andrew Cuomo directs state tax officials to share state returns of certain elected ...
Japan's tax revenue hit record ¥60.36 trillion in fiscal 2018
Tax revenue hit a record ¥60.36 trillion in fiscal 2018 on the back of higher wages and dividend payments, the Finance Ministry said Tuesday. Tax revenue in the year through March increased 2.7 percent from a year earlier, surpassing a government estimate of ¥59.93 trillion, ...
Abe sticks with plan to raise Japan's consumption tax despite weak tankan results
Analysts say all signs point to the October increase going ahead as planned.
Party chiefs clash over tax and Japan's Constitution before Upper House election
The leaders of major political parties faced off in a debate Sunday over the planned consumption tax hike and the pacifist Constitution, ahead of the start of official campaigning this week for the Upper House election. In response to criticism from all five opposition party ...
Japan's Cabinet OKs plan to hold Upper House election on July 21
The Cabinet of Prime Minister Shinzo Abe on Wednesday approved a plan to hold an Upper House election on July 21, following a two-week campaign period. One of the main focuses of the election will be the decision by Abe, who has been facing pressure ...
Trump loses bid to halt Democratic lawsuit over foreign payments
A federal judge ruled Tuesday that a lawsuit that accuses U.S. President Trump of profiting off the presidency in violation of the Constitution's emoluments clause can move forward. U.S. District Judge Emmett G. Sullivan of the District of Columbia ruled against Justice Department lawyers who ...
Candidate Bernie Sanders calls for canceling $1.6 trillion in student loan debt
U.S. presidential contender Bernie Sanders proposed a plan on Monday to cancel $1.6 trillion in student loans and pay for it with a tax on Wall Street, elevating the issue in the 2020 debate and going beyond proposals from his Democratic White House rivals. Sanders, ...
Billionaires from George Soros to Pritzker and Disney heirs call for U.S. wealth tax
Some of the richest people in the U.S. are calling for a federal wealth tax. Financier George Soros, heiresses Regan Pritzker and Abigail Disney and Facebook Inc. co-founder Chris Hughes are among those calling for the levy to help address income inequality and provide funding ...
The total income of profitable companies in Japan grew 14.3 percent in fiscal 2017 from a year before to a record ¥67.944 trillion, an estimate by the National Tax Agency showed Wednesday. Corporate spending on items such as entertainment expenses rose 5.1 percent to ¥3.810 ...
