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Germany seeks arrest of Briton in carbon trading scam

FRANKFURT (Reuters) - Frankfurt prosecutors on Thursday sought the arrest of a British national in connection with suspected tax fraud worth 58 million euros ($80 million), widening a carbon trading probe that has also drawn in Deutsche Bank. Authorities issued an international arrest warrant for Faisal Zahoor Ahmad, 33, saying that as general manager of a Munich-based company called Roter Stern GmbH, he evaded taxes through trading European Union carbon emission certificates.

AP-GfK Poll: Most say filing tax returns is easy; few willing to pay more for simpler forms

WASHINGTON - Struggling to figure out your federal tax return? You're not alone, but you're in the minority. With the tax filing deadline looming next week, a majority of Americans say completing a federal tax return is easy, according to a new Associated Press-GfK poll. The findings defy conventional wisdom in Washington, where politicians have made careers out of promising a simpler tax system. In another blow to advocates of tax reform, almost no one is willing to pay higher taxes in exchange for a simpler code.

France's Valls wins parliament backing for tax and spend shake-up

By Leigh Thomas PARIS (Reuters) - New Prime Minister Manuel Valls won a vote of confidence in parliament on Tuesday after unveiling planned tax and public spending cuts, vowing to bring France's public deficit down while resisting outright austerity.

U.S. states collected record amount of taxes in fiscal '13

WASHINGTON (Reuters) - U.S. states' tax collections reached a record $846.2 billion in fiscal 2013, the third year of revenue gains after states experienced sizable declines caused by the 2007-09 recession, the U.S. Census reported on Tuesday. Tax collections in fiscal 2013, which for most states ended last June, rose 6.1 percent from fiscal 2012 as part of an "upward trend in state government tax revenue," the Census reported. The previous year, tax collections had increased by 4.7 percent and in fiscal 2011 they rose 7.3 percent.

Canada's largest firms say they pay more than corporate tax rate

OTTAWA - Canada's largest firms want it known that they are indeed paying their fair share of taxes, even if governments have slashed corporate rates to new lows. The Canadian Council of Chief Executives, which represents 150 of the country's largest firms, issued survey results Sunday that suggest when all taxes are included, the companies paid on average 33.4 per cent of profits in taxes in 2012. That's larger than the 25 per cent statutory corporate rate that exists in most Canadian provinces.

Finance Ministry wants to revise law in 2015 to tax e-commerce firms

The Finance Ministry plans to revise the consumption tax law in March 2015 to levy sales tax as soon as possible on digital books and music purchased by consumers in Japan from overseas vendors such as Amazon.com Inc., ministry officials said Friday. The move comes as domestic businesses, whose products and services are subject to the consumption tax, have been calling for a level playing field with overseas retailers that are not taxed.

Finance Ministry wants to revise law in 2015 to tax e-commerce firms

The Finance Ministry plans to revise the consumption tax law in March 2015 to levy sales tax as soon as possible on digital books and music purchased by consumers in Japan from overseas vendors such as Amazon.com Inc., ministry officials said Friday. The move comes as domestic businesses, whose products and services are subject to the consumption tax, have been calling for a level playing field with overseas retailers that are not taxed.

France fails budget target, Hollande faces reform dilemma

France is way behind budget targets, new data shows, deepening a dilemma for President Francois Hollande over spending cuts which could split his allies, or doing a U-turn in dangerous defiance of the EU. The official figures put the budget overshoot, or public deficit, at 4.3 percent of output last year instead of 4.1 percent as targeted. This raises the stakes for France and Hollande sharply the day after an election debacle for his Socialist Party, analysts said.

France fails budget target, Hollande faces reform dilemma

France is way behind budget targets, new data shows, deepening a dilemma for President Francois Hollande over spending cuts which could split his allies, or doing a U-turn in dangerous defiance of the EU. The official figures put the budget overshoot, or public deficit, at 4.3 percent of output last year instead of 4.1 percent as targeted. This raises the stakes for France and Hollande sharply the day after an election debacle, analysts said.

France's public deficit tops government target in 2013

By Leigh Thomas PARIS (Reuters) - France cut its public sector deficit less quickly than planned last year, missing the government's target and presenting a new setback for President Francois Hollande. Figures on Monday also showed that the euro-zone's second-biggest economy grew in the last quarter of 2013 largely because consumers pinched by rising taxes tapped their savings to finance spending.
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