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G20 leaders have formally endorsed the global agreement for a minimum 15 percent corporate tax, US Treasury Secretary Janet Yellen said Saturday, hailing it as a “historic” step. “Today, every G20 head of state endorsed an historic agreement on new international tax rules, including a global minimum tax that will end the damaging race to the bottom on corporate taxation,” she said. Some 136 countries representing more than 90 percent of global GDP have signed […]
WASHINGTON, United States (AFP) — The United States on Tuesday urged authorities in Colombia to act with “utmost restraint” to avoid more deaths during anti-government protests that have resulted in at least 19 fatalities. Protesters in Colombia have called for fresh mass rallies after more than 800 people were wounded in clashes during five days of demonstrations against a proposed tax reform. “We urge the utmost restraint by public forces to prevent additional loss of […]
BOGOTA, Colombia (AFP) — At least 17 people died and more than 800 were wounded in clashes that broke out in Colombia during five days of protests against a proposed government tax reform, authorities said on Monday. The Ombudsman’s Office said 16 civilians and one police officer died in violence during the protests that began throughout the country on April 28, while 846 people, including 306 civilians, were injured. Authorities have detained 431 people while […]
MADRID, Spain (AFP) — The Spanish government on Tuesday proposed new legislation on rubbish that seeks to dramatically reduce single-use plastic packaging, notably by taxing it. The move specifically aims to reduce the plastic cups and bottles used in the fast food and take-away sectors. “If we add up all the waste generated in a year in Spain… it would be enough to fill up the Santiago Bernabeu stadium 2,900 times,” said Environment Minister Teresa […]
VIENNA, Austria (AFP) — Austria on Wednesday proposed taxing internet giants such as Google and Facebook five percent of their digital advertising revenue, a higher rate than France and other EU countries are seeking. Austrian Chancellor Sebastian Kurz said the tax aimed to stop the “unfairness” of internet giants who have until now routed their sales through subsidiaries in low-tax EU members. The government hopes that the new tax, which still has to be approved […]
Assures them of safe passage (Eagle News) — President Rodrigo Duterte on Friday, April 13, reiterated his invitation for Communist leaders abroad to come home, assuring them of safe passage. “I will give them my personal and official guarantee na during the two months na punta sila dito, they will not be arrested, they will not be molested, they will not be whatever, (be caused) any inconvenience,” he said in his speech upon his arrival […]
LOS ANGELES, United States (AFP) — Disney announced Tuesday it will pay bonuses to 125,000 US employees and launch a new employee education program, joining other big companies in steering some funds from tax reform to employees. The two initiatives represent a total allocation of more than $175 million in this fiscal year, the entertainment giant announced in a statement. US hourly and non-executive salaried employees will receive a one-time $1,000 cash bonus in two […]
by Nathalie Alonso Agence France Presse PARIS, France (AFP) — Paris prosecutors have launched a probe of US tech giant Apple over suspected “planned obsolescence” in some of its iPhone models, a judicial source told AFP on Monday. It comes after a complaint by the association Stop Planned Obsolescence (HOP or Halte a l’Obsolescence Programmee) that followed Apple’s admission last month that it intentionally slowed down older models of its iPhones over time. The investigation […]
THE HAGUE, Netherlands (AFP) — Google moved 15.9 billion euros ($19.2 billion) to a Bermuda shell company in 2016, saving it billions of dollars in taxes that year, Bloomberg reported on Wednesday, quoting regulatory filings in the Netherlands. Google uses two structures, known as a “Double Irish” and a “Dutch Sandwich”, to shield the majority of its international profits from taxation, Bloomberg reported. “The setup involves shifting revenue from one Irish subsidiary to a Dutch […]
by Jerome Cartillier Agence France-Presse WASHINGTON, United States (AFP) — Looking out over the South Lawn of the White House, flanked by the lawmakers who had just handed him the greatest victory of his tumultuous young presidency, Donald Trump drank in the scene. For this most unconventional of presidents — impulsive, unpredictable, so often frustrated by the exercise of power — it was payback time at last. In the chill December air, under a pale sky dotted […]
by Douglas Gillison Agence France Presse WASHINGTON, United States (AFP) — President Donald Trump and his Republican Party are in a party mood as they prepare to enact the most sweeping tax cuts in three decades — but analysts warn the country may wake up to a hangover. The centerpiece of the $1.5 trillion legislation is a series of deep cuts for businesses that Republican leaders say will spur productivity and job creation and nudge […]
NEW YORK, United States (AFP) — Facebook, in a bow to transparency, has announced its plans to declare certain ad revenues in the country where they are made and not in Ireland, where it has a greater tax advantage. The social networking giant said the move was in response to pressure from governments and policy makers for greater visibility into sales made in their countries. “In simple terms, this means that advertising revenue supported by […]
