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.
14 November 2012
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.
10 November 2012
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.
09 November 2012
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.