Japan Tobacco (JT) and Philip Morris will each buy a 20 percent stake in Russian distributor Megapolis for a total of more than $1.5 billion, as the rivals move to tap the world's second-biggest cigarette market.
Japan's factory output slipped more than expected in August but the government put an upbeat gloss on the data Monday, a day before Premier Shinzo Abe issues his long-awaited decision on hiking sales taxes.
Barcelona star Lionel Messi and his father paid off five million euros ($6.6 million) they owed to the taxman ahead of their court appearance on tax evasion charges.
The country’s media reported earlier that Kazakhstan’s respective ministries seek to substantially raise taxes on cars equipped with engines of 3-4 liters.
The country’s media reported earlier that Kazakhstan’s respective ministries seek to raise taxes on cars equipped with engines of 3-4 liters from the current $169 to $746 depending on the engine volume.
Italy's ex-leader Silvio Berlusconi has lost his final appeal against a tax fraud sentence in a ruling that jolted the political establishment on Friday but left the government in place for now.
Liechtenstein's oldest bank said Tuesday it would pay nearly $25 million to settle a dispute with US tax authorities over its suspected role in helping clients dodge US taxes.
The OECD has presented the G20 nations with a bold strategy to crack down on tax avoidance by corporate giants and the super rich, and so boost overstretched national budgets.
A Moscow court on Thursday convicted Russian lawyer Sergei Magnitsky of tax evasion, provoking fresh outrage more than three years after his prison death.
The Spanish government, which is struggling to cut one of the eurozone's largest public deficits during a double-dip recession, on Friday raised taxes on tobacco and alcohol.
An Italian court on Wednesday sentenced celebrated fashion house duo Domenico Dolce and Stefano Gabbana to one year and eight months in prison for avoiding taxes totalling 200 million euros ($268 million).