Tax News

Man looks at an electronic board displaying Japan's Nikkei average and various countries' stock indices outside a brokerage in Tokyo

Asian shares, dollar struggle on Ukraine anxiety

By Lisa Twaronite TOKYO (Reuters) - Asian stocks struggled on Friday, as fears of an escalating Ukraine crisis eclipsed upbeat U.S. economic data and robust U.S. tech shares. U.S. Secretary of State John Kerry said on Thursday that time was running out for Moscow to change its course in Ukraine. MSCI's broadest index of Asia-Pacific shares outside Japan erased early modest gains and fell 0.3 pe…

  • A receptionist works in front of the logo of Japanese trading house Marubeni Corp in Tokyo
    Exclusive: Three employees at Marubeni's … Reuters - 17 hours ago

    By James Topham and Niu Shuping TOKYO/BEIJING (Reuters) - Three employees at one of Marubeni Corp's <8002.T> grain trading unit in China have been detained, Chinese … More »Exclusive: Three employees at Marubeni's …

    A receptionist works in front of the logo of Japanese trading house Marubeni Corp in Tokyo

    By James Topham and Niu Shuping TOKYO/BEIJING (Reuters) - Three employees at one of Marubeni Corp's <8002.T> grain trading unit in China have been detained, Chinese customs said on Thursday, a move prompted by allegations of tax evasion on soybean imports. The three local staff worked at a Chinese unit of Marubeni's Columbia …

  • Women listen as a Samsung employee provides instructions on using their new Galaxy smartphones in Jakarta
    Indonesia smartphone sales could fall … Reuters - 20 hours ago

    By Fathiya Dahrul and Randy Fabi JAKARTA (Reuters) - The Indonesian representatives of Apple Inc, Samsung Electronics Co Ltd and other members of a local industry group … More »Indonesia smartphone sales could fall …

    Women listen as a Samsung employee provides instructions on using their new Galaxy smartphones in Jakarta

    By Fathiya Dahrul and Randy Fabi JAKARTA (Reuters) - The Indonesian representatives of Apple Inc, Samsung Electronics Co Ltd and other members of a local industry group said smartphone sales could fall by as much as 50 percent if the government imposes a tax on luxury models. The government is considering a 20 percent …

  • Canadian F1 Grand Prix - Race
    Formula One boss Ecclestone goes on … Reuters - Wed, 23 Apr, 2014

    By Keith Weir MUNICH (Reuters) - Formula One chief executive Bernie Ecclestone goes on trial for bribery in Germany on Thursday in a case that could see the Briton's … More »Formula One boss Ecclestone goes on …

    Canadian F1 Grand Prix - Race

    By Keith Weir MUNICH (Reuters) - Formula One chief executive Bernie Ecclestone goes on trial for bribery in Germany on Thursday in a case that could see the Briton's long dominance of the motor sport ended by a jail sentence. Prosecutors in Munich have charged Ecclestone, 83, with bribing jailed German banker Gerhard …

  • A sign with the ticker symbol for TD Ameritrade is seen at the trading post that trades the company on the floor of the New York Stock Exchange
    TD Ameritrade second quarter profit … Reuters - Wed, 23 Apr, 2014

    By Jed Horowitz NEW YORK (Reuters) - TD Ameritrade Holding Corp , the biggest U.S. discount broker, said profit in its fiscal second quarter jumped 34.7 percent to $194 … More »TD Ameritrade second quarter profit …

    A sign with the ticker symbol for TD Ameritrade is seen at the trading post that trades the company on the floor of the New York Stock Exchange

    By Jed Horowitz NEW YORK (Reuters) - TD Ameritrade Holding Corp , the biggest U.S. discount broker, said profit in its fiscal second quarter jumped 34.7 percent to $194 million on record revenue driven by net new client assets of $12.2 billion and heavy trading. The profit translates to 35 cents a share, also up 35 percent …

  • A sample of Botox is seen at the Long Island Plastic Surgical Group at the Americana Manhasset luxury shopping destination in Manhasset
    Valeant, Ackman offer to buy Botox maker … Reuters - Tue, 22 Apr, 2014

    Canada's Valeant Pharmaceuticals International Inc said on Tuesday it and activist investor Bill Ackman made an unsolicited $47 billion bid to buy Botox maker Allergan … More »Valeant, Ackman offer to buy Botox maker …

    A sample of Botox is seen at the Long Island Plastic Surgical Group at the Americana Manhasset luxury shopping destination in Manhasset

    Canada's Valeant Pharmaceuticals International Inc said on Tuesday it and activist investor Bill Ackman made an unsolicited $47 billion bid to buy Botox maker Allergan Inc as it seeks to become one of the world's five biggest drug companies. The offer, if successful, would bring together two mid-sized pharmaceutical companies …

  • A Comcast sign is shown on the side of a vehicle in San Francisco
    Comcast nears deal with Charter on $18-$20 … Reuters - Tue, 22 Apr, 2014

    (Reuters) - Comcast may divest about 4 million subscribers after its merger with Time Warner Cable and is working to reach an accord to sell a portion of those customers … More »Comcast nears deal with Charter on $18-$20 …

    A Comcast sign is shown on the side of a vehicle in San Francisco

    (Reuters) - Comcast may divest about 4 million subscribers after its merger with Time Warner Cable and is working to reach an accord to sell a portion of those customers to Charter Communications, a source familiar with the matter said Tuesday. Comcast is studying what could be a two-phase process, where Charter would …

  • Family members of a missing passenger onboard South Korean ferry Sewol, which capsized on Wednesday, wait for news from rescue and salvage teams at a port in Jindo
    First sign of South Korea ferry disaster … Reuters - Tue, 22 Apr, 2014

    He called the emergency 119 number which put him through to the fire service, which in turn forwarded him to the coastguard two minutes later. That was followed by about … More »First sign of South Korea ferry disaster …

    Family members of a missing passenger onboard South Korean ferry Sewol, which capsized on Wednesday, wait for news from rescue and salvage teams at a port in Jindo

    He called the emergency 119 number which put him through to the fire service, which in turn forwarded him to the coastguard two minutes later. That was followed by about 20 other calls from children on board the ship to the emergency number, a fire service officer told Reuters.

  • Barrick-Newmont union: is the third … Reuters - Mon, 21 Apr, 2014

    By Euan Rocha, Allison Martell and Nicole Mordant TORONTO/VANCOUVER (Reuters) - Barrick Gold Corp has tried and failed to buy Newmont Mining Corp twice in the past decade, … More »Barrick-Newmont union: is the third …

    By Euan Rocha, Allison Martell and Nicole Mordant TORONTO/VANCOUVER (Reuters) - Barrick Gold Corp has tried and failed to buy Newmont Mining Corp twice in the past decade, but the rationale is now more compelling than ever for a merger between two of the world's largest gold miners. But the slide in gold also means that …

  • Erdogan addresses members of parliament from his ruling AK Party during a meeting at the Turkish parliament in Ankara
    Erdogan challenges social media in top … Reuters - Fri, 18 Apr, 2014

    By Orhan Coskun ANKARA (Reuters) - Prime Minister Tayyip Erdogan applied to Turkey's constitutional court on Friday to challenge the alleged violation of his and his … More »Erdogan challenges social media in top …

    Erdogan addresses members of parliament from his ruling AK Party during a meeting at the Turkish parliament in Ankara

    By Orhan Coskun ANKARA (Reuters) - Prime Minister Tayyip Erdogan applied to Turkey's constitutional court on Friday to challenge the alleged violation of his and his family's rights by social media, a senior official in his office told Reuters. Erdogan's government blocked Twitter and YouTube in March, drawing international …

  • A parcel travels along a conveyer belt at Amazon's new distribution center in Brieselang
    Amazon's tax-free European profits … Reuters - Fri, 18 Apr, 2014

    By Tom Bergin LONDON (Reuters) - The amount of money Amazon.com Inc reports through a tax-exempt vehicle in Europe has dropped sharply in the past two years, even as … More »Amazon's tax-free European profits …

    A parcel travels along a conveyer belt at Amazon's new distribution center in Brieselang

    By Tom Bergin LONDON (Reuters) - The amount of money Amazon.com Inc reports through a tax-exempt vehicle in Europe has dropped sharply in the past two years, even as European sales jumped, after the U.S. tax authority tightened rules it felt were being abused to shift profits. Amazon minimizes its tax bill by having the …

  • Dayna Boyer launched the Kitchen Library in Toronto's east end last year and says anything connected to the sharing economy is 'very exciting.'
    Share a juicer, your dog or a room in … CBC - Fri, 18 Apr, 2014

    The internet has helped fuel an economic phenomenon that has seen people share everything from empty rooms in their homes to overnight travellers to even their pets. … More »Share a juicer, your dog or a room in …

    Dayna Boyer launched the Kitchen Library in Toronto's east end last year and says anything connected to the sharing economy is 'very exciting.'

    The internet has helped fuel an economic phenomenon that has seen people share everything from empty rooms in their homes to overnight travellers to even their pets. But the growth of the sharing economy might soon be limited by the hand of regulation.

  • Cavalli acknowledges the audience at the end of his Spring/Summer 2014 collection during Milan Fashion Week
    Exclusive: 'Leopard King' Cavalli … Reuters - Thu, 17 Apr, 2014

    By Pamela Barbaglia and Sophie Sassard LONDON (Reuters) - Italian designer Roberto Cavalli is in advanced talks to sell a majority stake in his eponymous fashion house … More »Exclusive: 'Leopard King' Cavalli …

    Cavalli acknowledges the audience at the end of his Spring/Summer 2014 collection during Milan Fashion Week

    By Pamela Barbaglia and Sophie Sassard LONDON (Reuters) - Italian designer Roberto Cavalli is in advanced talks to sell a majority stake in his eponymous fashion house to London-based buyout firm Permira in a sale worth about 450 million euros ($621 million), four sources close to the deal told Reuters. A sale would mark …

  • The corporate logo of financial firm Morgan Stanley is pictured on a building in San Diego
    Morgan Stanley profit soars on wealth … Reuters - Thu, 17 Apr, 2014

    By Lauren Tara LaCapra and Anil D'Silva (Reuters) - Morgan Stanley reported a 55 percent jump in first-quarter earnings as higher revenue from its institutional securities … More »Morgan Stanley profit soars on wealth …

    The corporate logo of financial firm Morgan Stanley is pictured on a building in San Diego

    By Lauren Tara LaCapra and Anil D'Silva (Reuters) - Morgan Stanley reported a 55 percent jump in first-quarter earnings as higher revenue from its institutional securities business augmented another strong quarter from wealth management, sending shares in the Wall Street bank higher. Morgan Stanley's shares rose 2.8 percent …

  • Tax credits not the best way to help … CBC - Wed, 16 Apr, 2014

    Tax credits aimed at post-secondary students can reduce the net cost of a year at university by more than $2,000. But many analysts say the current tax credit system … More »Tax credits not the best way to help …

    Tax credits aimed at post-secondary students can reduce the net cost of a year at university by more than $2,000. But many analysts say the current tax credit system should be reworked or replaced to make the aid more effective and fairer.

  • The Canada Revenue Agency website is seen on a computer screen displaying information about an internet security vulnerability called the "Heartbleed Bug" in Toronto
    Canadian charged in 'Heartbleed' … Reuters - Wed, 16 Apr, 2014

    Canadian police have arrested a 19-year-old man and charged him in connection with exploiting the "Heartbleed" bug to steal taxpayer data from a government website, the … More »Canadian charged in 'Heartbleed' …

    The Canada Revenue Agency website is seen on a computer screen displaying information about an internet security vulnerability called the "Heartbleed Bug" in Toronto

    Canadian police have arrested a 19-year-old man and charged him in connection with exploiting the "Heartbleed" bug to steal taxpayer data from a government website, the Royal Canadian Mounted Police (RCMP) said on Wednesday. In what appeared to be the first report of an attack using a flaw in software known as OpenSSL, …

  • Canadian grocer Metro's profit beats … Reuters - Wed, 16 Apr, 2014

    (Reuters) - Canadian grocer Metro Inc posted a higher-than-expected quarterly profit as a reorganization of its Ontario operations boosted sales and the company raised its dividend. Metro, which is facing stiff competition from U.S. retailers such as Wal-Mart Stores and Target Corp , said in August that it would convert …

  • Pakistan publishes list to embarrass … Reuters - Wed, 16 Apr, 2014

    By Katharine Houreld ISLAMABAD (Reuters) - Desperate Pakistani tax authorities are publicly shaming defaulters by publishing their tax details in a directory for the first time, officials said on Wednesday. Only around one in 200 citizens files income tax, leaving the state begging foreign donors to help fund crumbling …