Japan tax hike boosts inflation, hurts spending in MayInflation hit a three-decade high and unemployment dipped further in Japan, data showed Friday, as the government's bid to jumpstart the economy takes hold, even as analysts warned it was too early for celebrations.
27 June 2014
Japan's Q1 growth fastest in more than two yearsJapan's economic growth in the first three months of 2014 hit its fastest pace in more than two years, data showed Monday, while analysts said a pick-up in consumer confidence indicated sentiment was improving despite the impact of a sales tax hike.
10 June 2014
Mining giants slam Australia's 'high' taxes, costs and currencyThree of the world's biggest miners have warned that government taxes, high costs and a strong currency are putting pressure on their Australian operations, reports said Monday, as they battle falling commodity prices owing to a supply glut.
26 May 2014
Italy's Berlusconi in hot water again with judiciaryItaly's Silvio Berlusconi is in hot water with the justice system again after mocking the community service he has been ordered to do for tax fraud, media reports said.
Italy's Berlusconi headed for community serviceItalian prosecutors on Thursday approved a request by Silvio Berlusconi's lawyers for the three-time prime minister to do community service rather than face house arrest following a tax fraud conviction.
11 April 2014
Japan shoppers see first sales tax rise in 17 yearsPrices rose across Japan Tuesday as a controversial sales tax rise came into effect, with everything from beer to washing machines costing more, sparking fears a drop in consumer spending will derail a nascent economic recovery.
01 April 2014
Japan says Bitcoin not a currency, but taxableBitcoin is not a currency but transactions involving it should be "subject to taxation", Japan's government said Friday, in a move that could pave the way for formal regulations on the troubled virtual unit.
Global tax evasion under G20 scrutinyUS Treasury Secretary Jacob Lew described taxation reform as among the G20's most crucial initiatives Friday as the world's major economies look to close loopholes used by huge multinational firms.
Hollande backs ban on 'anti-Semitic' comedianPresident Francois Hollande has backed attempts to ban controversial French comedian Dieudonne as a furore intensified over his sketches that have been widely condemned as anti-Semitic.
08 January 2014
Top French court approves 75% company tax on high salariesFrance's top court Sunday approved a proposal for companies to pay 75 percent tax on annual salaries exceeding one million euros in line with President Francois Hollande's drive to limit executive pay at a time of economic hardship.
30 December 2013
Japan OKs record budget, sees deflation threat recedeJapan approved its biggest ever budget Tuesday, as an improving economy and a sales tax hike made room for more defence spending and the first step towards achieving a balanced budget.
25 December 2013
Six countries sign US pacts in fight against tax fraudThe United States has signed anti-tax fraud pacts with six countries and territories including some considered tax havens, the US Treasury Department said Thursday.
20 December 2013
Socialist Bachelet tipped to win easily in Chilean runoffFormer Chilean president and socialist champion Michelle Bachelet, who has proposed tax reforms and a new constitution for her country, is expected to unseat conservatives Sunday in a runoff election.
13 December 2013
Nokia faces $3.4 bln tax claim in India: reportFinnish mobile phone maker Nokia faces a tax bill of more than 210 billion rupees ($3.4 billion) in India from liabilities arising out of unpaid charges and penalties since 2006, a report said Tuesday.