Tax News

A Greek national flag flutters next to a statue of ancient Greek goddess Athena, in Athens

Greece says wants to make debt payments but needs aid urgently

By Renee Maltezou ATHENS (Reuters) - Greece intends to make good on its debt obligations but needs aid urgently to be able to do so, the government said on Monday, after several senior officials insisted Athens had no money to pay a loan installment falling due next week. It must repay four loans totaling 1.6 billion euros ($1.76 billion) to the International Monetary Fund next month, starting w…

  • Amazon.com moves away from tax-shifting … CBC - 5 hours ago

    Amazon.com has begun paying tax on its retail sales in individual European countries, instead of funnelling all sales through low-tax Luxembourg, in a restructuring of … More »Amazon.com moves away from tax-shifting …

    Amazon.com has begun paying tax on its retail sales in individual European countries, instead of funnelling all sales through low-tax Luxembourg, in a restructuring of its European business practices. The move puts pressure on other American technology companies, such as Google and Apple, who face intense scrutiny of their …

  • Portugal, like Europe, loses hunger … Reuters - 14 hours ago

    By John O'Donnell and Axel Bugge SINTRA, Portugal (Reuters) - Celebrated among Europe's elite as a model of how to reform an economy after a debt binge, Portugal's enthusiasm … More »Portugal, like Europe, loses hunger …

    By John O'Donnell and Axel Bugge SINTRA, Portugal (Reuters) - Celebrated among Europe's elite as a model of how to reform an economy after a debt binge, Portugal's enthusiasm for change has waned as Europe loses its appetite for further belt-tightening. With Greece's future in the euro uncertain, after its leftist government …

  • Canada Embraces A La Carte Cable Pricing
    Six unusual complaints filed against … The Canadian Press - Sun, 24 May, 2015

    Consumers lodged hundreds of complaints against telecom companies between January and August of 2013. More »Six unusual complaints filed against …

    Canada Embraces A La Carte Cable Pricing

    Consumers lodged hundreds of complaints against telecom companies between January and August of 2013.

  • Greek PM Tsipras delivers a speech at the annual conference of the Hellenic Federation of Enterprises in Athens
    Greek PM says on final stretch toward … Reuters - Sat, 23 May, 2015

    By George Georgiopoulos ATHENS (Reuters) - Greek Prime Minister Alexis Tsipras said on Saturday his government was on the final stretch of negotiations with its international … More »Greek PM says on final stretch toward …

    Greek PM Tsipras delivers a speech at the annual conference of the Hellenic Federation of Enterprises in Athens

    By George Georgiopoulos ATHENS (Reuters) - Greek Prime Minister Alexis Tsipras said on Saturday his government was on the final stretch of negotiations with its international lenders on a cash-for-reforms deal that would not involve further pension cuts and harsh austerity. After four months of talks with its euro zone …

  • Oil industry pushing for carbon tax … CBC - Fri, 22 May, 2015

    The biggest players in Canada's oil and gas industry are urging Alberta's government to step up its environmental policies and introduce a carbon tax. Alberta already … More »Oil industry pushing for carbon tax …

    The biggest players in Canada's oil and gas industry are urging Alberta's government to step up its environmental policies and introduce a carbon tax. Alberta already has carbon pricing, but the program is limited and it will expire in the next few months. Suncor CEO Steve Williams told a crowd in downtown Calgary on …

  • Workers guide a metal plate as it is carried by a crane at a construction site in central Tokyo
    Risky business as Canadian cities turn … CBC - Fri, 22 May, 2015

    Increasingly, Canadian cities are turning to a relatively new type of financing that banks on a shiny new piece of city infrastructure to bring in developers to an area … More »Risky business as Canadian cities turn …

    Workers guide a metal plate as it is carried by a crane at a construction site in central Tokyo

    Increasingly, Canadian cities are turning to a relatively new type of financing that banks on a shiny new piece of city infrastructure to bring in developers to an area otherwise struggling to attract investment. Edmonton and Winnipeg are already doing it and it could be used to finance massive development in Calgary and …

  • Alberta NDP era officially begins Sunday when Notley, cabinet sworn in
    Alberta NDP premier says no full budget … The Canadian Press - Wed, 20 May, 2015

    Premier Rachel Notley says her NDP government will not be tabling a full provincial budget until the fall. More »Alberta NDP premier says no full budget …

    Alberta NDP era officially begins Sunday when Notley, cabinet sworn in

    Premier Rachel Notley says her NDP government will not be tabling a full provincial budget until the fall.

  • Alberta NDP leader Notley gives first news conference as Premier elect in Edmonton
    Incoming Alberta premier to announce … Reuters - Wed, 20 May, 2015

    Rachel Notley, premier-elect of the Canadian province of Alberta, said on Wednesday she expects to announce her cabinet on May 24, a week before her left-leaning New … More »Incoming Alberta premier to announce …

    Alberta NDP leader Notley gives first news conference as Premier elect in Edmonton

    Rachel Notley, premier-elect of the Canadian province of Alberta, said on Wednesday she expects to announce her cabinet on May 24, a week before her left-leaning New Democratic Party takes power after dethroning the long-ruling Progressive Conservatives. Notley's victory earlier this month brought an end to the Progressive …

  • Comparing royalty rates in Alberta, Saskatchewan, Texas and North Dakota
    Comparing royalty rates in Alberta, … CBC - Wed, 20 May, 2015

    Soon after, twoenergy companies suggested they would consider moving more of their investment dollars to Saskatchewan, in reaction to the promised review of Alberta's … More »Comparing royalty rates in Alberta, …

    Comparing royalty rates in Alberta, Saskatchewan, Texas and North Dakota

    Soon after, twoenergy companies suggested they would consider moving more of their investment dollars to Saskatchewan, in reaction to the promised review of Alberta's royalty structure. It's one of those oilpatch truisms that the capital investment will flow to where it will make the most money. So with that in mind, we …

  • Fossil fuels get global $5.3 trillion … CBC - Tue, 19 May, 2015

    The IMF estimates that governments are providing a $5.3 trillion US "subsidy" to the fossil fuel sector in 2015 by failing to account for its harmful effects on the environment … More »Fossil fuels get global $5.3 trillion …

    The IMF estimates that governments are providing a $5.3 trillion US "subsidy" to the fossil fuel sector in 2015 by failing to account for its harmful effects on the environment and human health. Described as a "post-tax" subsidy, the figure doesn't take into account the pre-tax incentives used to encourage exploration …

  • A Deutsche Bank office is reflected in a puddle in Hanau
    Deutsche heads the queue of banks prepping … Reuters - Tue, 19 May, 2015

    By Thomas Atkins and Anjuli Davies FRANKFURT/LONDON (Reuters) - Deutsche Bank is considering cutting its UK operations should the country pull out of the European Union … More »Deutsche heads the queue of banks prepping …

    A Deutsche Bank office is reflected in a puddle in Hanau

    By Thomas Atkins and Anjuli Davies FRANKFURT/LONDON (Reuters) - Deutsche Bank is considering cutting its UK operations should the country pull out of the European Union and an industry lobby group said several other banks are mothballing investments until the outcome of Britain's EU referendum is known. Prime Minister …

  • Greek PM Tsipras delivers a speech during the Economist Conference on "Europe: The comeback, Greece: How resilient?" in Athens
    Greece nears debt deal in May as money … Reuters - Mon, 18 May, 2015

    By Lefteris Papadimas and George Georgiopoulos ATHENS (Reuters) - Greece is near a cash-for-reforms deal with its euro zone partners and the International Monetary Fund … More »Greece nears debt deal in May as money …

    Greek PM Tsipras delivers a speech during the Economist Conference on "Europe: The comeback, Greece: How resilient?" in Athens

    By Lefteris Papadimas and George Georgiopoulos ATHENS (Reuters) - Greece is near a cash-for-reforms deal with its euro zone partners and the International Monetary Fund that would help it meet debt repayments next month, the country's finance minister said on Monday, as worries persist over a possible bankruptcy. Athens …

  • RRIF rule changes: Should Ottawa have gone even further?
    RRIF rule changes: Should Ottawa have … CBC - Mon, 18 May, 2015

    With an election just a few months away, the recent federal budget clearly had one eye on eliminating the deficit and one eye on Canada's seniors who — no surprise here … More »RRIF rule changes: Should Ottawa have …

    RRIF rule changes: Should Ottawa have gone even further?

    With an election just a few months away, the recent federal budget clearly had one eye on eliminating the deficit and one eye on Canada's seniors who — no surprise here — go to the polls in large numbers. From a personal finance perspective, much of the reaction was centred on Ottawa's decision to almost double the annual …

  • Taxpayer-supported ad on-message with … CBC - Mon, 18 May, 2015

    When focus groups rounded up by the federal government viewed a recent Finance Department test ad promoting tax benefits, they found it short on detail. Critics say … More »Taxpayer-supported ad on-message with …

    When focus groups rounded up by the federal government viewed a recent Finance Department test ad promoting tax benefits, they found it short on detail. Critics say this bolsters their case that Stephen Harper's Conservatives are using taxpayer-funded government advertising to promote their party and win votes in the upcoming …

  • Cranes are parked in a company compound in Tokyo
    Japan machinery orders rise, but weak … Reuters - Sun, 17 May, 2015

    By Tetsushi Kajimoto TOKYO (Reuters) - Japan's core machinery orders grew in March for the first time in two months but they are seen slipping in the current quarter, … More »Japan machinery orders rise, but weak …

    Cranes are parked in a company compound in Tokyo

    By Tetsushi Kajimoto TOKYO (Reuters) - Japan's core machinery orders grew in March for the first time in two months but they are seen slipping in the current quarter, suggesting that weak capital spending could further sap momentum from an economy struggling to rebound from a recession. The 2.9 percent month-on-month …

  • Polish challenger Duda calls for new … Reuters - Sun, 17 May, 2015
    People watch tv screen with Andrzej Duda talking during his first face-to-face televised debate with Poland's President Komorowski at the bar in Warsaw

    By Marcin Goettig WARSAW (Reuters) - Polish presidential candidate Andrzej Duda said on Sunday Poland should introduce new taxes on banks and large supermarket networks to protect Polish businesses. Duda won the first round of presidential elections last week and polls give him a lead ahead of incumbent Bronislaw Komorowski …

  • Worker cleans an exterior of a building next to a KFC restaurant in Beijing

    (Reuters) - The likelihood is growing that Yum Brands Inc will spin off its China business, J.P. Morgan said in a client note, upgrading the company's shares to "overweight" from "neutral". Yum, owner of the KFC and Pizza Hut brands, gets about a third of its operating income and half of its revenue from China, where …