France amd U.S. agree to extend talks over tech tax
Presidents Emmanuel Macron and Donald Trump have agreed to extend negotiations on a dispute over a French tax on tech titans to the end of the year, postponing Washington's threat of sanctions, French officials said Tuesday. French Finance Minister Bruno Le Maire, speaking before a ...
French President Emmanuel Macron said Monday he had a "great discussion" with U.S. President Donald Trump over a digital tax planned by Paris and said the two countries will work together to avoid a rise in tariffs. Macron and Trump agreed to hold off on ...
Japan shrinks budget surplus forecast as it grapples with debt mountain
Japan kept unchanged its timing for balancing the primary budget on Friday, but expects to see a much smaller excess than previously thought when it hits a budget surplus, underlining the government's struggle to rein in massive public debt. Prime Minister Shinzo Abe's government stuck ...
In Hong Kong 'collapse,' government falls months behind on collecting taxes
Hong Kong is behind on its taxes. Hundreds of thousands of residents are still waiting for their salary-tax bills, which normally start to land in mailboxes in July. The hold-up is due to a legislative backlog linked to the anti-government protests that have gripped the ...
Family of Diet member Kunio Hatoyama failed to report ¥700 million inheritance
The family of veteran lawmaker Kunio Hatoyama, who died in 2016, has been found to have failed to declare some ¥700 million in taxable inheritance, according to sources. The Tokyo Regional Taxation Bureau found the discrepancy last year. Hatoyama's family is believed to have excluded ...
Paris and Washington have set a two-week deadline to end a row over a French proposal to tax multinational tech giants, French Finance Minister Bruno Le Maire said Tuesday. President Donald Trump last month unveiled sky-high retaliatory duties on $2.4 billion of French products from ...
Google and Facebook to start locally booking ad revenue in Japan
The move is apparently in response to recent international pressure over the tax-saving measures of technology giants.
Amazon's revamped Japan unit has paid nearly ¥30 billion in taxes over past two years
Amazon.com Inc. has paid nearly ¥30 billion ($274 million) in corporate taxes in Japan over the past two years after changing its policy to book sales in the country, sources with knowledge of the matter said. The Japanese unit of Amazon used to engage in ...
'Too optimistic': Japan tax hike not enough to boost nation's finances
The nation’s tax revenue is expected to end up lower than the record high figure estimated in the fiscal 2020 draft budget.
Britain's new government is taking aim at the BBC, accusing it of bias in reporting the recently concluded elections that gave Prime Minister Boris Johnson a sweeping mandate. The row over perceived partiality from the corporation and ensuing threats about its license fee funding have ...
Germany to raise carbon emission price to €25 per metric ton in 2021 after pressure, sources say
Germany will raise the price for carbon dioxide emissions from transport and heating buildings to €25 ($27.56) per metric ton from 2021 after a proposed €10 price tag was criticized for being too low, government sources said on Monday. The lower house of parliament last ...
U.S. Supreme Court agrees to hear Trump tax return cases next year
The U.S. Supreme Court agreed Friday to hear cases next year involving the release of President Donald Trump's tax returns and financial records, setting the stage for a potential blockbuster ruling during the presidential election campaign. Trump has been seeking to block access to his ...
