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PARIS, France (AFP) — Google is not liable for 1.115 billion euros ($1.272 billion) in unpaid taxes claimed by the French state, a French court ruled Wednesday, saying the internet giant’s Irish subsidiary is not taxable in France. “The French company Google Ireland Limited (GIL) is not taxable in France for the 2005 to 2010 period,” the court ruled. Google paid just 6.7 million euros in corporate taxes in 2015 in France by booking revenues […]
PARIS, France (AFP) – France will cut taxes on businesses and individuals by roughly 11 billion euros ($12.6 billion) next year, faster than the government had originally intended, Prime Minister Edouard Philippe has said. The goal is to create incentives for investment, hiring and economic growth, Philippe told Les Echos daily in an interview published on its website late Tuesday. President Emmanuel Macron has promised to put France’s financial house in order, with plans to […]
(Reuters) – Britain’s Queen Elizabeth and her royal family are set to see a huge boost to the funding they receive from United Kingdom taxpayers. Official estimates showing the crown’s finances will receive 76 million pounds this year — or 96 million United States dollars — nearly double what they received in the last two years. The money is used on everything from travel expenses to the cost of staff and upkeep of Buckingham Palace and […]
HONG KONG, China (AFP) — Asian markets took a step back Thursday after a four-day rally, tracking a weak lead from Wall Street, as traders assess the chances of Congress passing Donald Trump’s massive tax cuts. As expected, the administration unveiled plans to slash corporate and individual rates but there were few details and there are questions over how the measures will be paid for. The proposals are part of a wide-ranging plan to fire […]
WASHINGTON, United States (AFP) — The White House on Tuesday pre-empted a media leak of Donald Trump’s 2005 federal tax return, acknowledging key details they previously refused to release. The White House said Trump paid $38 million in taxes and had earned income of “more than $150 million” that year. Trump has steadfastly refused to release his tax returns, breaking with decades of tradition among presidential candidates of all political parties. The admission came just […]
Finance Secretary Carlos Dominguez III said the Bureau of Internal Revenue (BIR) is still determining the correct amount that Mighty Corporation should pay in deficiency taxes as lawyers for the cigarette manufacturing firm have been “obstructing” government efforts to look into its business activities. “We have not received any written order from the President. [BIR Commissioner] Billy Dulay has not even finished quantifying how much (Mighty) should pay,” Dominguez said. Dominguez added that “we […]
by Andrew Beatty, with Laurent Thomet in Mexico City Agence France Presse WASHINGTON, United States (AFP) — US-Mexican relations were rocked Thursday as Donald Trump’s administration suggested taxing imports from the southern neighbor to fund a border wall and Mexico’s president scrapped a meeting with the US leader. Trump had been scheduled to receive Pena Nieto at the White House on Tuesday, for their first meeting since the inauguration. Instead, the Republican president is managing […]
QUEZON CITY, Jan. 6 (PIA) — Mayor Herbert Bautista has called on the city’s taxpayers, especially those renewing their business permits and licenses, to take advantage of the extended business days and hours in city hall offices involved in tax assessment and payments. The extended working days and hours that began January 3 would mean that all revenue-generating offices at city hall will be from 8 a.m. and even extend beyond 5 p.m. on […]
by Dario THUBURN LONDON, United Kingdom (AFP) — McDonald’s will move fiscal headquarters for the majority of its non-US operations to Britain, it said Thursday, following an EU crackdown on tax deals struck by multinationals including the fast-food giant. McDonald’s is establishing a new Britain-based holding company to cover royalties from most licensing agreements outside the United States, shifting its tax base from Luxembourg. The profits will be subject to British tax, McDonald’s said in […]
HEMPSTEAD, United States (AFP) — Hillary Clinton and Donald Trump traded blows on the debate stage Monday over the Democrat’s use of a private email server as secretary of state, and the Republican billionaire’s refusal to release his tax history. “I will release my tax returns against my lawyer’s wishes when she releases her 33,000 e-mails that have been deleted,” Trump said when pressed on the issue during their crucial first White House debate. “I […]
DUBLIN, Ireland (AFP) – by Douglas DALBY Ireland’s fragile minority government agreed Friday to recommend an appeal against the EU’s tax ruling on Apple but said it was recalling parliament early to debate the issue. The deal overcomes a split in cabinet surrounding the 13 billion euros ($15 billion) plus interest that the EU says Apple owes in back taxes, putting Ireland at the centre of a row between Europe and the United States. Apple […]
Bureau of Internal Revenue (BIR) chief Kim Jacinto- Henares reminded boxing champion Manny Pacquiao to pay his taxes. Henares said this was not meant to spoil his recent victory over Timothy Bradley. Pacquiao reportedly has to pay BIR an estimated P2.1 billion as of December 2012. This does not yet include interests. But a Malacañang spokesperson said on Monday that Henares was not out to “spoil” Pacquiao’s victory, and that Henares’ advice to Pacquiao was […]
