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Republicans scrap 'Plan B,' fiscal cliff deal elusive
Republicans scrap 'Plan B,' fiscal cliff deal elusive

A controversial Republican plan to let tax breaks expire on millionaires crashed to defeat Thursday when it failed to earn enough party support, leaving negotiations on averting the "fiscal cliff" up in the air.

Republicans scrap 'Plan B,' fiscal cliff deal elusive
US House Speaker John Boehner. ©REUTERS
Obama, Boehner spar on fiscal cliff, deal may go to wire

US President Barack Obama and House Speaker John Boehner dueled over the fiscal cliff Wednesday, and despite narrowing differences remained stubbornly at odds over how to avoid looming tax hikes and spending cuts.

Obama, Boehner spar on fiscal cliff, deal may go to wire
Kazakhstan President Nursultan Nazarbayev. ©akorda.kz
President Nazarbayev calls to spend within capacities to bring the budget deficit to its possible minimum

We need a favorable tax regime to support industrial production, new technologies and overall industrialization efforts: President Nazarbayev.

President Nazarbayev calls to spend within capacities to bring the budget deficit to its possible minimum
IMF's Lagarde warns against US fudge on fiscal cliff
IMF's Lagarde warns against US fudge on fiscal cliff

The United States needs to raise taxes and cut spending to address the looming fiscal cliff, IMF chief Christine Lagarde said Sunday, warning that anything less would undermine economic confidence.

IMF's Lagarde warns against US fudge on fiscal cliff
Obama to Republicans: raise taxes on rich or no deal
Obama to Republicans: raise taxes on rich or no deal

US President Barack Obama warned Republicans Tuesday there would be no deal on averting a potentially disastrous fiscal crisis without them caving in to his demand to raise tax rates on the rich.

Obama to Republicans: raise taxes on rich or no deal
Republicans reject 'ridiculous' Obama fiscal cliff proposal
Republicans reject 'ridiculous' Obama fiscal cliff proposal

Republicans rejected as "ridiculous" Thursday a White House plan to raise $1.6 trillion in new taxes over the next decade, as crunch talks on the US deficit took a turn for the worse.

Republicans reject 'ridiculous' Obama fiscal cliff proposal
Pressure mounts on fiscal cliff, Obama urges fix
Pressure mounts on fiscal cliff, Obama urges fix

US President Barack Obama on Wednesday called for a pre-Christmas deal with Republicans to avert a year-end tax and deficit crunch, as pressure mounted from the business world and stock markets fluttered.

Pressure mounts on fiscal cliff, Obama urges fix
Obama stands firm on taxes in fiscal cliff showdown
Obama stands firm on taxes in fiscal cliff showdown

US President Barack Obama told opposition Republicans they would have to accept tax increases for the rich if the country was to avoid going over the fiscal cliff.

Obama stands firm on taxes in fiscal cliff showdown
Photo courtesy of sowise.org
S. Korea president's son to face tax probe

South Korean prosecutors said Wednesday they would refer President Lee Myung-Bak's only son to the tax authorities as they handed down indictments over a land deal for Lee's retirement home.

S. Korea president's son to face tax probe
Photo courtesy of 123rf.com
Obama warns taxes must rise on rich

US President Barack Obama on Friday claimed a mandate to raise taxes on the rich to pay for deficit reductions, firing his first post-election shot in a year-end budget showdown with Republicans.

Obama warns taxes must rise on rich
Republicans lay down battle lines over fiscal cliff
Republicans lay down battle lines over fiscal cliff

Republicans offered newly re-elected President Barack Obama a short-term fix to the fiscal cliff Wednesday, but insisted they would not cave in to tax increases to boost revenues.

Republicans lay down battle lines over fiscal cliff
Restaurant fury as France hikes taxes on eating out
Restaurant fury as France hikes taxes on eating out

Dining out and staying in a hotel in France will become more expensive from the end of next year after the government announced plans Tuesday to hike VAT and hinted at an even bigger increase.

Restaurant fury as France hikes taxes on eating out
Photo courtesy of public-domain-image.com
Foreign firms owe British taxman £5.5bn

Foreign companies in Britain owe around £5.5 billion in taxes, figures unearthed by The Times newspaper showed Saturday.

Foreign firms owe British taxman £5.5bn
France makes billion euro tax claim against Google: report
France makes billion euro tax claim against Google: report

French tax authorities have made a billion-euro ($1.3 billion) claim against Google to pressure it in a dispute over compensation to media websites.

France makes billion euro tax claim against Google: report