Tax News

Newly appointed Greek Finance Minister Tsakalotos is welcomed by Eurogroup President Dijsselbloem and French Finance Minister Sapin at a euro zone finance ministers meeting on the situation in Greece in Brussels

Greece faces last chance to stay in euro as cash runs out

By Paul Taylor and Renee Maltezou BRUSSELS (Reuters) - Greek Prime Minister Alexis Tsipras had a final chance to present credible reform proposals to an emergency euro zone summit on Tuesday to persuade skeptical creditors to reopen aid talks before his country's banks run out of money. With Greek lenders down to their last few days of cash and the European Central Bank tightening the noose on t…

  • A passerby walks by a banner of Pope Francis' upcoming visit to the country at the main square in Quito, Ecuador
    Ecuador's Correa laments protests … Reuters - Sat, 4 Jul, 2015

    By Girish Gupta QUITO (Reuters) - On the eve of Pope Francis' arrival, Ecuador's President Rafael Correa lamented on Saturday "cowardly" anti-government protests which … More »Ecuador's Correa laments protests …

    A passerby walks by a banner of Pope Francis' upcoming visit to the country at the main square in Quito, Ecuador

    By Girish Gupta QUITO (Reuters) - On the eve of Pope Francis' arrival, Ecuador's President Rafael Correa lamented on Saturday "cowardly" anti-government protests which he said were intended to spoil the first leg of the pontiff's tour of his home region. Correa says the tax changes are targeted only at the super-wealthy, …

  • Greek referendum voters unclear on question, potential aftermath
    Greek referendum voters unclear on question, … CBC - Sat, 4 Jul, 2015

    In Brussels, back in 1994, Greece was the country overseeing European Union enlargement talks with Finland, Sweden, Austria and Norway. More »Greek referendum voters unclear on question, …

    Greek referendum voters unclear on question, potential aftermath

    In Brussels, back in 1994, Greece was the country overseeing European Union enlargement talks with Finland, Sweden, Austria and Norway.

  • File photo of private security organisation contractor listening to a radio while carrying out his duty at a guard tower at Camp Nathan Smith in Kandahar city
    Afghanistan targets US defense contractors … Reuters - Fri, 3 Jul, 2015

    By Jessica Donati KABUL (Reuters) - Afghanistan is threatening to crack down on U.S. defense contractors it says owe hundreds of millions of dollars in back taxes, including … More »Afghanistan targets US defense contractors …

    File photo of private security organisation contractor listening to a radio while carrying out his duty at a guard tower at Camp Nathan Smith in Kandahar city

    By Jessica Donati KABUL (Reuters) - Afghanistan is threatening to crack down on U.S. defense contractors it says owe hundreds of millions of dollars in back taxes, including by freezing their bank accounts and refusing to renew yearly business licenses when they expire. The United States disputes some of the payment demands, …

  • File photo of private security organisation contractor listening to a radio while carrying out his duty at a guard tower at Camp Nathan Smith in Kandahar city
    Afghanistan targets U.S. defense contractors … Reuters - Thu, 2 Jul, 2015

    By Jessica Donati KABUL (Reuters) - Afghanistan is threatening to crack down on U.S. defense contractors it says owe hundreds of millions of dollars in back taxes, including … More »Afghanistan targets U.S. defense contractors …

    File photo of private security organisation contractor listening to a radio while carrying out his duty at a guard tower at Camp Nathan Smith in Kandahar city

    By Jessica Donati KABUL (Reuters) - Afghanistan is threatening to crack down on U.S. defense contractors it says owe hundreds of millions of dollars in back taxes, including by freezing their bank accounts and refusing to renew yearly business licenses when they expire. The United States disputes some of the payment demands, …

  • Pro-EU protester places a sticker that reads "Yes to Greece, Yes to the Euro" in Iraklio on the island of Crete
    IMF warns of huge financial hole as … Reuters - Thu, 2 Jul, 2015

    By Renee Maltezou and David Chance ATHENS/WASHINGTON (Reuters) - The International Monetary Fund delivered a stark warning on Thursday of the huge financial hole facing … More »IMF warns of huge financial hole as …

    Pro-EU protester places a sticker that reads "Yes to Greece, Yes to the Euro" in Iraklio on the island of Crete

    By Renee Maltezou and David Chance ATHENS/WASHINGTON (Reuters) - The International Monetary Fund delivered a stark warning on Thursday of the huge financial hole facing Greece as angry and uncertain voters prepare for a referendum that could decide their country's future in Europe. Days after Greece defaulted on part …

  • Your worst holiday nightmare: Airbnb horror stories
    Philadelphia legalizes, taxes Airbnb-type … The Canadian Press - Thu, 2 Jul, 2015

    Philadelphia has legalized and plans to tax Airbnb and other short-term rentals ahead of Pope Francis' visit in September and next year's Democratic National … More »Philadelphia legalizes, taxes Airbnb-type …

    Your worst holiday nightmare: Airbnb horror stories

    Philadelphia has legalized and plans to tax Airbnb and other short-term rentals ahead of Pope Francis' visit in September and next year's Democratic National Convention.

  • Sears customer shops near General Electric appliances in Schaumburg
    U.S. sues to stop Electrolux acquiring … Reuters - Wed, 1 Jul, 2015

    By Diane Bartz and Lewis Krauskopf WASHINGTON (Reuters) - The United States filed a lawsuit on Wednesday to stop Sweden's Electrolux AB , which owns the Frigidaire, … More »U.S. sues to stop Electrolux acquiring …

    Sears customer shops near General Electric appliances in Schaumburg

    By Diane Bartz and Lewis Krauskopf WASHINGTON (Reuters) - The United States filed a lawsuit on Wednesday to stop Sweden's Electrolux AB , which owns the Frigidaire, Kenmore and Tappan brands, from buying General Electric Co's appliance business, the Justice Department said in a statement. Whirlpool Corp , which bought …

  • Protesters wave Greek and EU flags during a pro-Euro rally in front of the parliament building, in Athens
    Greece's Tsipras digs in against … Reuters - Wed, 1 Jul, 2015

    By Renee Maltezou and Alastair Macdonald ATHENS/BRUSSELS (Reuters) - A defiant Prime Minister Alexis Tsipras urged Greeks on Wednesday to reject an international bailout … More »Greece's Tsipras digs in against …

    Protesters wave Greek and EU flags during a pro-Euro rally in front of the parliament building, in Athens

    By Renee Maltezou and Alastair Macdonald ATHENS/BRUSSELS (Reuters) - A defiant Prime Minister Alexis Tsipras urged Greeks on Wednesday to reject an international bailout deal, wrecking any prospect of repairing broken relations with European Union partners before a referendum on Sunday that may decide Greece's future in …

  • Denmark's Prime Minister Rasmussen arrives at an European Union leaders summit in Brussels
    As populists surge, Nordic consensus … Reuters - Wed, 1 Jul, 2015

    By Sabina Zawadzki and Alistair Scrutton COPENHAGEN/STOCKHOLM (Reuters) - A policy impasse in Sweden and a newly installed but fragile minority government in Denmark … More »As populists surge, Nordic consensus …

    Denmark's Prime Minister Rasmussen arrives at an European Union leaders summit in Brussels

    By Sabina Zawadzki and Alistair Scrutton COPENHAGEN/STOCKHOLM (Reuters) - A policy impasse in Sweden and a newly installed but fragile minority government in Denmark are the latest signs that the Nordic political consensus model is fraying at the hands of eurosceptic and anti-immigration parties. Danish Liberals leader …

  • Alberta says last year's budget … Reuters - Tue, 30 Jun, 2015

    The Canadian province of Alberta said on Tuesday its budget surplus for the last fiscal year was nearly C$350 million ($280.2 million) bigger than forecast even though … More »Alberta says last year's budget …

    The Canadian province of Alberta said on Tuesday its budget surplus for the last fiscal year was nearly C$350 million ($280.2 million) bigger than forecast even though oil prices plunged in the second half of the year. Alberta, whose oil sands are the largest source of U.S. oil imports, posted a surplus of C$1.4 billion …

  • CEO Ferguson of Cenovus addresses shareholders during the company's annual general meeting in Calgary.
    Cenovus to sell royalty portfolio to … Reuters - Tue, 30 Jun, 2015

    By Euan Rocha TORONTO (Reuters) - Cenovus Energy Inc , Canada's second-largest independent oil producer, said on Tuesday it has agreed to sell its portfolio of oil and … More »Cenovus to sell royalty portfolio to …

    CEO Ferguson of Cenovus addresses shareholders during the company's annual general meeting in Calgary.

    By Euan Rocha TORONTO (Reuters) - Cenovus Energy Inc , Canada's second-largest independent oil producer, said on Tuesday it has agreed to sell its portfolio of oil and gas royalty properties to Ontario Teachers' Pension Plan for about C$3.3 billion ($2.66 billion). "We believe this agreement captures significant value …

  • A bank manager explains the situation to pensioners waiting outside a branch of the National Bank of Greece hoping to get their pensions, in Thessaloniki
    Anti-austerity protests in Greece as … Reuters - Mon, 29 Jun, 2015

    Greeks woke up to shuttered banks, closed cash machines and a climate of rumours and conspiracy theories on Monday. More »Anti-austerity protests in Greece as …

    A bank manager explains the situation to pensioners waiting outside a branch of the National Bank of Greece hoping to get their pensions, in Thessaloniki

    Greeks woke up to shuttered banks, closed cash machines and a climate of rumours and conspiracy theories on Monday.

  • Greek financial crisis: what you need … CBC - Mon, 29 Jun, 2015

    At one point, as part of an angry war of words between some of the main participants, European Commission head Jean-Claude Juncker said he felt "betrayed" by the way … More »Greek financial crisis: what you need …

    At one point, as part of an angry war of words between some of the main participants, European Commission head Jean-Claude Juncker said he felt "betrayed" by the way the Greek government had handled this last stage of the negotiation, in particular by "unilaterally" turning the problem over to a referendum. This latest …

  • A Greek national flag flutters atop the parliament building in Athens
    Exclusive: ECB rejects bumper Greek … Reuters - Mon, 29 Jun, 2015

    By George Georgiopoulos and John O'Donnell ATHENS/FRANKFURT (Reuters) - The European Central Bank rejected Greece's request for 6 billion euros of extra emergency funds … More »Exclusive: ECB rejects bumper Greek …

    A Greek national flag flutters atop the parliament building in Athens

    By George Georgiopoulos and John O'Donnell ATHENS/FRANKFURT (Reuters) - The European Central Bank rejected Greece's request for 6 billion euros of extra emergency funds on Sunday, but is expected to continue limited support for Greek banks until the July 5 referendum, people with knowledge of the matter said. The size …

  • Employee works on a yacht at the Ferretti's shipyard in Sarnico
    Slowboat to China: No quick fix for … Reuters - Sun, 28 Jun, 2015

    By Agnieszka Flak and Aradhana Aravindan SARNICO, Italy/SINGAPORE (Reuters) - When Chinese industrial conglomerate Weichai Group snapped up cash-strapped Italian luxury … More »Slowboat to China: No quick fix for …

    Employee works on a yacht at the Ferretti's shipyard in Sarnico

    By Agnieszka Flak and Aradhana Aravindan SARNICO, Italy/SINGAPORE (Reuters) - When Chinese industrial conglomerate Weichai Group snapped up cash-strapped Italian luxury yacht builder Ferretti in 2012, the deal looked like a match made in heaven. Debt-laden Ferretti, known for the elegant Riva speedboats favored by film …

  • Big business on winning side in U.S. … Reuters - Sat, 27 Jun, 2015
    Supporters of the Affordable Care Act celebrate after the Supreme Court up held the law in the 6-3 vote at the Supreme Court in Washington

    By Lawrence Hurley WASHINGTON (Reuters) - Big business was on the winning side in the U.S. Supreme Court's two major cases of the year, with hundreds of employers pushing hard in favor of gay marriage and the healthcare industry backing the insurance subsidies available under Obamacare. The court on Thursday rejected …

  • Alberta energy royalties and carbon policy back under the microscope

    It was a busy week for Alberta's new government and a week full of uncertainty for the energy sector. Dave Mowat, the chief executive of ATB Financial, a provincially owned bank, will lead the panel, which will submit a report to government by the end of the year. In practical terms, that means the government will be …