27.82 F
New York
February 28, 2020
Home » Taxation

Taxation

Reuters - Business

Chinese maker of ‘Amazon coat’ weathers coronavirus impact with tax breaks, rent waivers

Reuters
BEIJING/SHANGAHI (Reuters) – Orolay, the maker of the ‘Amazon coat’ that became a darling of U.S. fashion and social media a year ago, knows it is luckier than most Chinese small businesses trying to get back on their feet amid huge disruptions caused by the coronavirus epidemic. FILE PHOTO: Founder......
Reuters - Business

No global digital tax by end-2020 would mean chaos: France

Reuters
RIYADH (Reuters) – Failure to reach a global deal on where and how much to tax digital giants such as Google (GOOGL.O), Amazon (AMZN.O) or Facebook (FB.O) would result in many digital tax regimes emerging all over the world, France’s Finance Minister said on Sunday. FILE PHOTO: French Finance Minister......
Reuters - Business

Japan criticizes U.S. digital tax proposal at G20

Reuters
FILE PHOTO: Japanese finance minister Taro Aso takes questions at the annual meeting of the International Monetary Fund and World Bank in Washington, U.S., Oct. 18, 2019. REUTERS/James Lawler Duggan/File Photo RIYADH (Reuters) – Japanese finance minister Taro Aso criticized on Sunday a U.S. tax reform proposal that he said......
Reuters - Business

No global digital tax by end-2020 would mean digital tax chaos: France

Reuters
RIYADH (Reuters) – Failure to reach a global deal on where and how much to tax digital giants like Google(GOOGL.O), Amazon(AMZN.O) or Facebook(FB.O) would result in many digital tax regimes emerging all over the world, France’s Finance Minister said on Sunday. FILE PHOTO: French Finance Minister Bruno Le Maire attends......
Reuters - Business

Hughes fears Indian closure, bank disruptions over unpaid fees

Reuters
NEW DELHI (Reuters) – U.S. satellite broadband provider Hughes Network Systems may have to shut its Indian operations due to unpaid levies owed to the government, which could put thousands of banking services at risk, a company letter seen by Reuters showed. FILE PHOTO: A view of telecom towers installed......
Reuters - Business

Let’s come together to tax tech giants, say G20 officials eyeing $100 billion boost

Reuters
RIYADH (Reuters) – Leading world economies must show unity in dealing with aggressive “tax optimization” by global digital giants like Google (GOOGL.O), Amazon (AMZN.O) and Facebook (FB.O), G20 officials said on Saturday. FILE PHOTO: The Facebook logo is displayed on a mobile phone in this picture illustration taken December 2,......
Reuters - Business

France ready to hear U.S. proposal on digital tax

Reuters
French Finance and Economy Minister Bruno Le Maire speaks during the G20 finance ministers and central bank governors meeting in Riyadh, Saudi Arabia, February 22, 2020. REUTERS/Ahmed Yosri RIYADH (Reuters) – France is ready to listen to the U.S. administration’s proposal of offering U.S. companies a “safe harbor” from a......
Reuters - Business

U.S. Treasury’s Mnuchin: Tax certainty needed on global basis

Reuters
FILE PHOTO: U.S. Treasury Secretary Steven Mnuchin testifies before the Senate Finance Committee during a hearing on the President’s FY2021 Budget on Capitol Hill in Washington, U.S., February 12, 2020. REUTERS/Yuri Gripas/File Photo/File Photo RIYADH (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Saturday it was very important to......
Reuters - Business

Lawsuit in NY says ex-hedge fund manager Falcone reneged on loans, wrongly sold a Warhol

Reuters
NEW YORK (Reuters) – Former hedge fund manager Philip Falcone has been sued for more than $65.8 million after he allegedly defaulted on a series of loans and improperly sold some of the underlying collateral, including an Andy Warhol painting. FILE PHOTO: Philip Falcone, chief executive officer and chief investment......
Reuters - Business

Outbreak will not change China’s commitments to buy U.S. goods: senior U.S. official

Reuters
WASHINGTON (Reuters) – The U.S. government expects China to honor its commitments to buy more U.S. goods under a trade deal signed by the world’s two largest economies in January despite the fast-spreading coronavirus outbreak, a senior U.S. official said on Thursday. FILE PHOTO: A truck carrying containers are seen......
Reuters - Business

China to grant tariff exemptions on 696 U.S. goods to support purchases

Reuters
BEIJING (Reuters) – China will grant exemptions on retaliatory duties imposed against 696 U.S. goods, the most substantial tariff relief to be offered so far, as Beijing seeks to fulfill commitments made in its interim trade deal with the United States. FILE PHOTO: A Benjamin Franklin U.S. 100 dollar banknote......
Reuters - Business

China to grant tariff exemptions on additional U.S. goods

Reuters
FILE PHOTO: A Benjamin Franklin U.S. 100 dollar banknote and a Chinese 100 yuan banknote with late Chinese Chairman Mao Zedong are seen in this picture illustration in Beijing, China, January 21, 2016. REUTERS/Jason Lee/File Photo BEIJING (Reuters) – China said on Tuesday it would accept applications for new tariff......
Reuters - Business

Treat us like something between a telco and a newspaper, says Facebook’s Zuckerberg

Reuters
MUNICH (Reuters) – Online content should be regulated with a system somewhere between the existing rules used for the telecoms and media industries, Facebook (FB.O) CEO Mark Zuckerberg told global leaders and security chiefs on Saturday. Facebook Chairman and CEO Mark Zuckerberg attends the annual Munich Security Conference in Germany,......
Reuters - Business

Facebook CEO says backs regulation of harmful online content

Reuters
Facebook Chairman and CEO Mark Zuckerberg attends the annual Munich Security Conference in Germany, February 15, 2020. REUTERS/Andreas Gebert MUNICH (Reuters) – Facebook (FB.O) Chief Executive Mark Zuckerberg said harmful online content should be regulated, adding that his company should be treated with a framework in between those used for......
Reuters - Business

Amazon, Flipkart seek rollback of new Indian tax on online sellers

Reuters
NEW DELHI (Reuters) – Amazon and Walmart’s Flipkart are among online retailers demanding that India scale back a proposed tax on third-party sellers on their platforms, saying the burden of compliance will hurt the fledgling industry, according to documents seen by Reuters. FILE PHOTO – A shipment moves on a......
Reuters - Business

Airbus says higher U.S. tariffs on EU planes will harm U.S. airlines, consumers

Reuters
FILE PHOTO: The Airbus logo is pictured at Airbus headquarters in Blagnac near Toulouse, France, March 20, 2019. REUTERS/Regis Duvignau/File Photo WASHINGTON (Reuters) – The U.S. government’s decision to raise tariffs on European-built aircraft will hit U.S. airlines already facing a shortage of aircraft and complicate efforts to reach a......
Reuters - Business

Amazon, Flipkart challenge new Indian tax on online sellers

Reuters
NEW DELHI (Reuters) – Amazon and Walmart’s Flipkart are among online retailers demanding that India scale back a proposed tax on third-party sellers on their platforms, saying the burden of compliance will hurt the fledgling industry, according to a document seen by Reuters. FILE PHOTO – A shipment moves on......
Reuters - Business

Zuckerberg ready for Facebook to pay more tax as welcomes rules review

Reuters
MUNICH (Reuters) – Facebook (FB.O) Chief Executive Mark Zuckerberg accepts that global tax reforms mean it may have to pay more taxes in different countries, excerpts of a speech he is due to deliver in Germany on Saturday show. FILE PHOTO: Facebook Chairman and CEO Mark Zuckerberg testifies at a......
Reuters - Business

China to halve tariffs on some U.S. imports as virus risks grow

Reuters
BEIJING (Reuters) – China on Thursday said it would halve additional tariffs levied against 1,717 U.S. goods last year, following the signing of a Phase 1 deal that brought a truce to a bruising trade war between the world’s two largest economies. While the announcement reciprocates the U.S. commitment under......
Reuters - Business

China to halve tariffs on some U.S. imports as virus risks escalate

Reuters
BEIJING (Reuters) – China on Thursday said it would halve additional tariffs levied against 1,717 U.S. goods last year, following the signing of a Phase 1 trade deal that brought a truce to a bruising trade war between the world’s two largest economies. FILE PHOTO: A truck carrying containers are......

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Click whichever is suitable. Accept Read More