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French ministers to declare assets publicly after scandal France's Socialist government said Monday it had ordered ministers to declare their assets publicly within days, as it seeks to limit the damage from a tax fraud scandal involving an ex-minister.
10 April 2013
Photo courtesy of savingcheap.com Swiss banks eager to root out undeclared funds: experts Amid a massive scandal involving France's former budget minister and an undeclared Swiss bank account, Swiss banks are more eager than ever to kick out tax cheats and clear their names.
09 April 2013
©REUTERS/Charles Platiau France says 75% tax will apply to footballers France said Tuesday that a new 75 percent tax rate on upper incomes would apply to top football players despite claims from clubs that they would be exempt.
04 April 2013
Blow for Hollande as ex-minister charged in tax fraud probe France's ex-budget minister Jerome Cahuzac was charged Tuesday in a tax fraud probe after he admitted having a foreign bank account, dealing a fresh blow to President Francois Hollande's embattled government.
03 April 2013
Omar Sharif. Photo courtesy of sentieriselvaggi.it Five jailed in Britain over movie tax scam Five people were jailed for more than 20 years in Britain on Monday for pretending to make a Hollywood blockbuster to secure millions of pounds in tax breaks from the government.
27 March 2013
Obama jabs Republicans over tax cuts for rich President Barack Obama on Thursday said the only thing keeping Republicans together was a desire to shield the rich from higher taxes, in a new jab over an imminent budget confrontation.
22 February 2013
EU states want 'fair tax share' from big business The finance ministers of Britain, France and Germany on Saturday launched a new drive to force big business to pay its fair share of tax and halt the schemes of top firms to keep payments to a minimum.
16 February 2013
©REUTERS Starbucks may pull British investment over tax issue: report Starbucks has threatened to suspend millions of pounds of investment in Britain over what it sees as unfair targeting by Prime Minister David Cameron over its tax affairs.
27 January 2013
Greek parliament approves tax change under rescue terms Greece's parliament early Saturday approved a new tax bill, part of the latest batch of fiscal reforms tied to the country's next slice of EU loans.
12 January 2013
Putin grants France's Depardieu Russian citizenship Russian President Vladimir Putin on Thursday granted fast-track citizenship to France's Gerard Depardieu after the movie star complained about the French Socialist government's proposed 75 percent tax on the rich.
04 January 2013
US fiscal cliff deal boosts world markets World markets soared Wednesday after a tense New Year break, relieved after US lawmakers agreed a last-minute deal to avert massive tax hikes and pull their nation back from the fiscal cliff.
03 January 2013
Obama says fiscal cliff deal made tax system fairer President Barack Obama said Tuesday he had fulfilled a campaign promise to make the US tax system fairer with a deal to avert the fiscal cliff crisis that passed after a fierce duel in Congress.
02 January 2013
The US Capitol. US House to vote imminently on 'fiscal cliff' deal The House of Representatives will vote late Tuesday on a bill already approved by the Senate to avert huge New Year tax hikes and spending cuts known as the "fiscal cliff".
02 January 2013
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.
22 December 2012
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.
20 December 2012
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.
14 December 2012
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.
10 December 2012
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.
05 December 2012
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.
30 November 2012
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.
30 November 2012
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