Tag: taxes

• Tuesday, December 3rd 2019 - 08:52 UTC

  US react to French digital services tax threatening with duties on champagne and cheese

  

  The U.S. government on Monday said it may slap punitive duties of up to 100% on US$2.4 billion in imports from France of Champagne, handbags, cheese and other products, after concluding that France’s new digital services tax would harm U.S. tech companies.

• Tuesday, September 17th 2019 - 09:54 UTC

  Brazil preparing fiscal reform and considers new value added tax at federal level

  

  Brazilian President Jair Bolsonaro telephoned Economy Minister Paulo Guedes from hospital this week to express his opposition to the creation of a new “CPMF” financial transactions tax, Guedes said on Friday.

• Thursday, September 12th 2019 - 19:00 UTC

  Mexico to apply sales tax on Netflix, Apple, Spotfy, Amazon Prime

  

  A Mexican sales tax on foreign digital businesses providing audio or visual services could generate tax revenue of about 3.6 billion pesos (US$ 185 million) a year, a senior lawmaker in Mexico’s ruling party said on Tuesday.

• Monday, September 9th 2019 - 09:25 UTC

  London losing ground in shipping services, says PwC report for Maritime London pointing to Brexit and taxes

  

  Britain's position as a top hub for maritime services is being eroded by competition, a loss of shipping finance business and the removal of tycoon-friendly tax breaks, a report said, deepening uncertainty for its financial sector as Brexit nears.

• Tuesday, August 27th 2019 - 09:40 UTC

  France and US reach a deal on taxing big internet companies

  

  France and the United States have reached a deal to end a standoff over a French tax on big internet companies, French President Emmanuel Macron said on Monday. U.S. President Donald Trump had threatened to hit back with tariff action after France passed a law earlier this year that would impose a 3% tax on revenues earned on digital services in France.

• Thursday, May 30th 2019 - 09:21 UTC

  Jersey and Guernsey, among the “worst tax havens”, Tax Justice Network says

  

  A new list of corporate tax havens has named Jersey as the seventh most “aggressive” in the world. The Tax Justice Network created the ranking by assigning a “haven score” based on 20 different criteria. Both Jersey and Guernsey scored 98 out of a possible 100, putting them “up there with the worst.”

• Wednesday, May 8th 2019 - 09:53 UTC

  Trump avoided paying taxes for eight years, claims the NYT

  

  US President Donald Trump's businesses lost a total of more than US$1 billion from 1985 to 1994, according to the New York Times, which said it obtained printouts from Trump's official Internal Revenue Service tax transcripts.

• Monday, April 8th 2019 - 09:29 UTC

  Message to the Democrats: Trump will “never” disclose his tax returns

  

  One of US President Donald Trump's top aides has said that opposition Democrats will “never” see his tax returns. White House acting chief of staff Mick Mulvaney said the call for the records to be released was a “political stunt”.

• Saturday, February 16th 2019 - 11:30 UTC

  China/US trade talks break down; Washington warns “very difficult issues” remain unresolved

  

  Trade talks between the US and China have broken up without a deal, with the US warning that “very difficult issues” remain unresolved. The talks in China this week were aimed at securing a new deal before further US tariffs are imposed on 1 March. China said negotiations would now continue in the US next week.

• Thursday, October 18th 2018 - 08:24 UTC

  Despite grumblings, US refrains from labeling China a “currency manipulator”

  

  United States has refrained from labeling China a “currency manipulator” in a move which may help defuse escalating tension over trade between the two countries. President Trump has previously accused China of keeping its currency weak to make its exports more competitive.