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By Romain FONSEGRIVES LOS ANGELES, Jan 11, 2024 (AFP) – Hunter Biden pleaded not guilty to tax evasion charges when he appeared in federal court Thursday, in a case that adds further pressure on US President Joe Biden as he readies for a bare-knuckle election rematch with scandal-plagued Republican Donald Trump. Hunter Biden is a lightning rod for Republicans, who have hammered the recovering drug addict, alleging — without evidence — that he and his […]
Manila, Philippines | AFP | Philippine boxing legend Manny Pacquiao on Friday won a years-long court battle to avoid paying tens of millions of dollars in extra taxes after an appeals court dismissed the case against him. “The Court finds that the subject assessment for deficiency income tax is void for violation of petitioners’ right to due process and for lack of sufficient factual basis,” the Court of Tax Appeals said in its ruling. Pacquiao […]
NEW YORK, United States (AFP) – Uber paid the US state of New Jersey $100 million in back taxes and fines for labeling nearly 300,000 of its drivers as self-employed and withholding required benefits, officials said Tuesday. The ride-sharing giant, however, insisted that its drivers were indeed independent contractors and said it only paid a fraction of the $1 billion initially demanded by the northeastern state. The payment stems from a government audit of Uber’s […]
BUENOS AIRES, Argentina (AFP) — Argentina’s president vowed Monday to pursue a special tax on company profits boosted by the war in Ukraine, a phenomenon he described as an “immorality” given the inflationary pressure on poor households. While millions were feeling the pain of rising food prices, the war also “benefits the few… who are gaining a lot,” Alberto Fernandez said in an address. “This is an immorality, an indecency, which as the State we cannot […]
VIENNA, Austria (AFP) – Austria’s government unveiled on Sunday what it calls an “eco-social” reform of the tax system, a key promise of the conservative-green coalition. Under the measures set out at a news conference by Chancellor Sebastian Kurz and several of his cabinet colleagues, Austria will follow the example of neighbouring Germany and introduce a tax on carbon dioxide emissions. This is to come in from mid-2022 at a level of 30 euros ($35) […]
WASHINGTON, United States (AFP) — President Joe Biden will propose a tax hike on the investment gains of the wealthiest individuals to pay for his new plan to help US families, a top White House economist said Monday. Biden this week is expected to lay out his $1.8 trillion American Families Plan that would provide national child care, paid family leave and free community college, using higher taxes on the rich to offset the hefty […]
The US warned Tuesday it was considering a complaint at the World Trade Organization over “discriminatory” new taxes on American digital giants such as a Facebook and Google planned by France and other EU nations. “We think the whole theoretical basis of digital service taxes is ill-conceived and the effect is highly discriminatory against US-based multinationals,” Chip Harter, a Treasury official and US delegate for global tax talks, said in Paris. Speaking ahead of two […]
(Eagle News) — The Court of Tax Appeals has acquitted former military comptroller Jacinto Ligot and his wife in a P428-million tax evasion case. In acquitting Ligot and his wife Erlinda, the third division said the prosecution failed to “prove beyond reasonable doubt” the two filed false income tax returns and Statements of Assets Liabilities and Net Worth (SALN) from 2001 to 2004. “The evidence relied upon by the prosecution to prove their allegations have either […]
TOKYO, Japan (AFP) — Japan on Monday started levying a 1,000 yen ($9.22) departure tax on each person leaving the country, a measure aimed at raising funds to further boost tourism. The International Tourist Tax will cover everyone regardless of nationality — from business people to holidaymakers older than two years of age — and will be tacked on to the price of a airline ticket. The government wants to use an estimated 50 billion […]
TAIPEI, Taiwan (AFP) — A Taiwanese tax reform campaign whose activists dress in yellow ramped up its protests Tuesday, interrupting a New Year flag-raising ceremony attended by the president, partially inspired by the recent success of France’s “yellow vests”. France has been severely rattled by six weeks of often violent demonstrations from “gilets jaunes” protesters, named after the high-visibility vests supporters have adopted. The movement forced French President Emmanuel Macron to jettison his controversial fuel […]
(Eagle News) — Inatasan ng Senado ang Bureau of Internal Revenue (BIR) na bawiin ang inilabas na Memorandum circular na nag-aatas na patawan na rin ng buwis ang premium health cards. Sa Memorandum Circular 50-2018, sinabi ng BIR na ang premium sa mga health cards ng mga empleyado ay dapat isama sa bonuses at benepisyo na tinatanggap ng mga empleyado na subject sa 90,000 tax exempt threshold. Ang kautusan ng BIR ay nakapaloob umano sa […]
by Catherine Triomphe Agence France Presse NEW YORK, United States (AFP) — US President Donald Trump on Wednesday shrugged off a New York Times investigation that concluded he made his fortune with the help of more than $400 million from his parents, partly through tax schemes, as a boring, rehashed “hit piece.” Trump has often boasted that he built a multi-billion dollar real estate empire from a $1 million loan from his father, Fred, himself […]
