Connect to share and comment

Special interests defend breaks in report on tax overhaul

May 15, 2013 12:33
By Kim Dixon WASHINGTON (Reuters) - "Tax the other guy, not me!" was the main message from a variety of special interest groups commenting on tax breaks in a report issued on Monday, underscoring the problems faced by the U.S. Congress as it considers a revamp of the tax code. Republican Dave Camp, chairman of the powerful tax-writing Ways and Means panel in the U.S. House of Representatives, commissioned the report.

Dijsselbloem attacks EU financial tax plans

Agence France-PresseMay 7, 2013 11:43
Dutch Finance Minister Jeroen Dijsselbloem, who also heads the single currency eurozone, said Tuesday his government will fight current plans by 11 EU states to implement a controversial tax on financial transactions (FTT). Taking questions from a European Parliament economics committee, Dijsselbloem insisted he was speaking in his capacity as a national finance minister and not as Eurogroup chairman.

Factbox: Key facts about Mexico's tax system

May 7, 2013 10:44
MEXICO CITY (Reuters) - Mexico's new government has promised a comprehensive review of its tax system, to be announced in the second half of 2013 along with an overhaul of energy policy. Here are some facts about the country's tax system: * Mexico received 1.3 trillion Mexican pesos ($107.5 billion) in net tax revenue in 2012, equivalent to 8.5 percent of gross domestic product (GDP) and split roughly 60/40 between income and sales taxes.

Factbox - Spain's new economic reforms plan

April 26, 2013 14:15
MADRID (Reuters) - Spain's government on Friday announced a new plan for reforms it intends to pass by next year. The plan treads a fine line between stimulating growth and austerity through tax reforms and increased efficiency after the European Union agreed to give Spain more leeway to cut its public deficit. Prime Minister Mariano Rajoy also hopes the new strategy will help turn around the ailing Spanish economy in time to win re-election in 2015. Here is a list of the main reforms announced on Friday:

Starbucks, under fire in UK, seeks U.S. tax breaks

April 24, 2013 17:15
By Kim Dixon WASHINGTON (Reuters) - Coffee chain Starbucks Corp, which has faced criticism for its low tax rate in Britain, has sought new tax breaks in the United States in comments to a congressional committee. As U.S. lawmakers move closer to possibly overhauling the tax code for the first time since 1986, scores of companies and interest groups have submitted comments to the tax law-writing Ways and Means Committee in the U.S. House of Representatives.

Bundesbank chief critical of EU finance tax

Agence France-PresseApril 24, 2013 11:45
The head of the German central bank or Bundesbank warned Wednesday that a planned European financial transactions tax could have unexpected negative implications for monetary policy. "From a monetary policy point of view, the financial transactions tax in its current form is to be viewed very critically," Bundesbank president Jens Weidmann told a banking congress in Dresden.

Luxembourg will back UK challenge to bank tax - finance minister

April 22, 2013 09:15
By Marc Jones and Huw Jones LONDON (Reuters) - Luxembourg will support Britain's legal challenge to Europe's proposed Financial Transaction Tax (FTT), the country's finance minister, Luc Frieden, said on Monday. As Europe's largest financial centre, London has the most to lose if finance firms move their trading operations to parts of the world free from such taxes.

Britain launches legal challenge to EU finance tax

Agence France-PresseApril 19, 2013 22:30
The British government has launched a legal challenge against plans for a European financial transactions tax to be adopted by 11 EU states, finance minister George Osborne said Friday. Osborne said an application had been lodged at the European Court of Justice against the Financial Transaction Tax (FTT). While the tax would be adopted by eurozone countries it would affect investors worldwide.

UK turns to court to fight euro zone transaction tax plan

April 19, 2013 13:30
WASHINGTON (Reuters) - Britain has challenged in court a plan by 11 euro zone countries to set up a financial transaction tax to help pay for the costs of the financial crisis. Britain was concerned that the planned tax would affect transactions carried out beyond the borders of countries that sign up for it, Chancellor George Osborne said on Friday.

Brussels to investigate UK video games tax break

April 16, 2013 09:45
LONDON (Reuters) - The European Commission said it would scrutinise British proposals for tax breaks for video games developers because it was not clear that taxpayers should subsidise the industry. The 25 percent tax relief, which was announced by Chancellor George Osborne in 2012, was part of a government initiative to build Britain's technology base. The Commission said on Tuesday that it would launch an in-depth investigation into the proposal, saying it doubted that the aid was necessary.
Syndicate content