Tax News

Ukrainian President Poroshenko attends a news conference after a signing ceremony with Turkey's President Erdogan in Kiev

EU governments back 1.8 billion euro Ukraine loan

European Union governments formally approved a 1.8 billion euro ($1.9 billion) loan for Ukraine on Tuesday to help save it from bankruptcy. The decision was the last approval required after the European Parliament agreed the loan last week. Ukraine, fighting a costly war against pro-Russian separatists, is relying on international support to avoid default. The International Monetary Fund's boar…

  • Farmers plant rice seedlings in a field near a residential compound in Shaxi township
    Cautious China banks could undermine … Reuters - 14 hours ago

    By Engen Tham SHANGHAI (Reuters) - As stock market investors cheer Beijing's latest bid to boost the country's ailing housing sector, Chinese bankers are gritting their … More »Cautious China banks could undermine …

    Farmers plant rice seedlings in a field near a residential compound in Shaxi township

    By Engen Tham SHANGHAI (Reuters) - As stock market investors cheer Beijing's latest bid to boost the country's ailing housing sector, Chinese bankers are gritting their teeth over the risks they face in further relaxing lending rules to home buyers. Alarmed by persistent weakness in the property market and its increasing …

  • Greek PM Tsipras addresses lawmakers during a parliament session in Athens
    Greek PM says wants 'honest compromise' … Reuters - Mon, 30 Mar, 2015

    By Lefteris Papadimas and Renee Maltezou ATHENS (Reuters) - Prime Minister Alexis Tsipras on Monday appealed for an "honest compromise" with lenders but warned Greece … More »Greek PM says wants 'honest compromise' …

    Greek PM Tsipras addresses lawmakers during a parliament session in Athens

    By Lefteris Papadimas and Renee Maltezou ATHENS (Reuters) - Prime Minister Alexis Tsipras on Monday appealed for an "honest compromise" with lenders but warned Greece would not agree to an "unconditional" one, after its biggest creditor demanded it do more to show commitment to reform. With its cash coffers emptying rapidly, …

  • Provinces will offset 75% of Ottawa's … CBC - Mon, 30 Mar, 2015

    About three-quarters of the billions in federal tax cuts and increases in benefits promised to Canadians this year will be offset by provincial tax hikes and cutbacks, … More »Provinces will offset 75% of Ottawa's …

    About three-quarters of the billions in federal tax cuts and increases in benefits promised to Canadians this year will be offset by provincial tax hikes and cutbacks, the Bank of Montreal says. In a research note early Monday, BMO economist Robert Kavcic calculates that the provincial budgets unveiled in British Columbia, …

  • Australia's Treasurer Hockey arrives for a meeting at the IMF-World Bank annual meetings in Washington
    Australia looks at GST, company tax … Reuters - Mon, 30 Mar, 2015

    Australian Treasurer Joe Hockey hinted on Monday at changes that could force digital companies like Apple Inc, Google Inc, Alibaba Group Holding and Uber to pay more … More »Australia looks at GST, company tax …

    Australia's Treasurer Hockey arrives for a meeting at the IMF-World Bank annual meetings in Washington

    Australian Treasurer Joe Hockey hinted on Monday at changes that could force digital companies like Apple Inc, Google Inc, Alibaba Group Holding and Uber to pay more tax on transactions that take place in Australia. "I want to find a way for them to pay the GST," Hockey told reporters, referring to the goods and sales …

  • Brazil's Finance Minister Joaquim Levy reacts during a news conference in Brasilia
    Brazil minister Levy privately criticized … Reuters - Sat, 28 Mar, 2015

    SAO PAULO/RIO DE JANEIRO (Reuters) - Brazilian Finance Minister Joaquim Levy mildly criticized President Dilma Rousseff, saying she does not always act in "the most effective … More »Brazil minister Levy privately criticized …

    Brazil's Finance Minister Joaquim Levy reacts during a news conference in Brasilia

    SAO PAULO/RIO DE JANEIRO (Reuters) - Brazilian Finance Minister Joaquim Levy mildly criticized President Dilma Rousseff, saying she does not always act in "the most effective way," in remarks at a time when investors are watching for signs of tension between the two philosophically different leaders. Levy made the comment …

  • Dufry to buy Italy's World Duty … Reuters - Sat, 28 Mar, 2015

    By Silvia Aloisi and Paola Arosio MILAN (Reuters) - Switzerland's Dufry has agreed to buy a majority stake in World Duty Free in a deal which values the Italian firm … More »Dufry to buy Italy's World Duty …

    By Silvia Aloisi and Paola Arosio MILAN (Reuters) - Switzerland's Dufry has agreed to buy a majority stake in World Duty Free in a deal which values the Italian firm at 3.6 billion euros ($3.8 billion) and will make the combined group the world's biggest travel retailer. Edizione, the holding company owned by the Benetton …

  • Canada Post flips to $194M profit in … CBC - Fri, 27 Mar, 2015

    In a year in which it overhauled its business, phased out home delivery in many areas and drastically hiked prices, Canada Post made $194 million in profit before taxes … More »Canada Post flips to $194M profit in …

    In a year in which it overhauled its business, phased out home delivery in many areas and drastically hiked prices, Canada Post made $194 million in profit before taxes last year, the Crown Corporation says. Canada Post shipped $1 billion worth of parcels in Canada last year, the first time that's happened. When international …

  • U.S. economy slowed down in 4th quarter, … CBC - Fri, 27 Mar, 2015

    The U.S. economy turned in a tepid 2.2 per cent growth rate in the 4th quarter of 2014 and it is likely the slowdown continued into the first quarter of 2015. More »U.S. economy slowed down in 4th quarter, …

    The U.S. economy turned in a tepid 2.2 per cent growth rate in the 4th quarter of 2014 and it is likely the slowdown continued into the first quarter of 2015.

  • A man pushes his shopping cart down an aisle at a Home Depot store in New York
    U.S. economic growth slows in fourth … Reuters - Fri, 27 Mar, 2015

    By Lucia Mutikani WASHINGTON (Reuters) - U.S. economic growth cooled in the fourth quarter as previously reported and after-tax corporate profits took a hit from a strong … More »U.S. economic growth slows in fourth …

    A man pushes his shopping cart down an aisle at a Home Depot store in New York

    By Lucia Mutikani WASHINGTON (Reuters) - U.S. economic growth cooled in the fourth quarter as previously reported and after-tax corporate profits took a hit from a strong dollar, which could undermine future business spending. Corporate profits from outside the United States fell at an 8.8 percent rate, the steepest decline …

  • Canada Jan budget surplus little changed … Reuters - Fri, 27 Mar, 2015

    The Canadian government posted a budgetary surplus of C$2.21 billion ($1.77 billion) in January, helped by higher personal income tax revenues, the finance department … More »Canada Jan budget surplus little changed …

    The Canadian government posted a budgetary surplus of C$2.21 billion ($1.77 billion) in January, helped by higher personal income tax revenues, the finance department said on Friday. Revenue rose 1.5 percent to C$25.42 billion, lifted by a 7.3 percent increase in personal income tax revenue.

  • New Czech gaming law faces delay, tax … Reuters - Fri, 27 Mar, 2015

    A new Czech law that will sharply raise taxes on betting companies could be delayed by up to one year until 2017, although the finance ministry is preparing a smaller … More »New Czech gaming law faces delay, tax …

    A new Czech law that will sharply raise taxes on betting companies could be delayed by up to one year until 2017, although the finance ministry is preparing a smaller tax rise until then, an official said on Friday. Deputy Finance Minister Ondrej Zavodsky said the new law was ready to go to the center-left government's …

  • Pedestrians walk past a show window of a clothing store at Harajuku shopping district in Tokyo
    Japan core consumer inflation grinds … Reuters - Thu, 26 Mar, 2015

    By Leika Kihara TOKYO (Reuters) - Japan's annual core consumer inflation ground to a halt in February, the first time it has stopped rising in nearly two years, keeping … More »Japan core consumer inflation grinds …

    Pedestrians walk past a show window of a clothing store at Harajuku shopping district in Tokyo

    By Leika Kihara TOKYO (Reuters) - Japan's annual core consumer inflation ground to a halt in February, the first time it has stopped rising in nearly two years, keeping the central bank under pressure to expand monetary stimulus later this year. Other data published on Friday didn't offer much solace with household spending …

  • Business community mixed on Alberta … CBC - Thu, 26 Mar, 2015

    Alberta tabled a budget today that will cost residents $1.5 billion in extra taxes, while still running a deficit of $5 billion. The reaction from the business community … More »Business community mixed on Alberta …

    Alberta tabled a budget today that will cost residents $1.5 billion in extra taxes, while still running a deficit of $5 billion. The reaction from the business community is mixed: relieved that there was no increase in the corporate tax rate, and concern that Albertans will have less disposable income in a time when the …

  • Pedestrians walk past a show window of a clothing store at Harajuku shopping district in Tokyo
    Japan February core CPI flat year on … Reuters - Thu, 26 Mar, 2015

    TOKYO (Reuters) - Japan's core consumer price index was flat in February compared with a year earlier when excluding the effect of last April's sales tax hike, … More »Japan February core CPI flat year on …

    Pedestrians walk past a show window of a clothing store at Harajuku shopping district in Tokyo

    TOKYO (Reuters) - Japan's core consumer price index was flat in February compared with a year earlier when excluding the effect of last April's sales tax hike, government data showed on Friday, the first time since May 2013 that it has stopped rising. The data could keep the Bank of Japan under pressure to ease …

  • Canada's Alberta hikes taxes, fees … Reuters - Thu, 26 Mar, 2015

    By Scott Haggett and Nia Williams CALGARY (Reuters) - The Canadian province of Alberta said in its budget on Thursday it will hike fees, boost taxes, cut spending on … More »Canada's Alberta hikes taxes, fees …

    By Scott Haggett and Nia Williams CALGARY (Reuters) - The Canadian province of Alberta said in its budget on Thursday it will hike fees, boost taxes, cut spending on healthcare and education, and tap its savings to overcome a massive drop in revenue from the oil industry. The province, whose oil sands are the largest …

  • Before close election, UK's Cameron … Reuters - Thu, 26 Mar, 2015

    British Prime Minister David Cameron on Thursday conceded he'd made mistakes during his five years in power during a special pre-election interview, but implored voters to give him a second term to finish the job of rebuilding the economy. Opinion polls indicate neither Cameron's Conservatives nor the opposition Labour …

  • By Allison Lampert QUEBEC CITY, Quebec (Reuters) - The Canadian province of Quebec said on Thursday it will balance its books in 2015-16 following six consecutive years of deficits and vowed to continue to control government spending in the years ahead. Quebec Finance Minister Carlos Leitao reiterated his forecast for …