Italy extends big tech tax probe to Musk’s X social network
ITALY is claiming 12.5 million euros (S$17.4 million) from Elon Musk’s social network X following a tax probe running parallel to one into Meta, four sources with direct knowledge of the…
Tag
Tax
Budget 2025: Income tax concessions, GST remission for S-Reits extended for 5 years
INCOME tax concessions as well as goods and services tax (GST) remission for Singapore-listed real estate investment trusts (S-Reits) will be extended for five more years, as part of tax…
Italy investigates Amazon over alleged 1.2 billion euro tax evasion
ITALIAN prosecutors are investigating e-commerce giant Amazon and three of its executives over alleged tax evasion worth 1.2 billion euros (S$1.7 billion), two sources with direct…
Where’s my tax refund? This online IRS tool shows your refund’s status
The 2025 tax season is in full swing, and the number one question most people have on their minds after filing their return is, “Where’s my tax refund?” Thankfully, the Internal Revenue…
MAS review group proposes tax perks to boost Singapore’s equities market as a start
THE Monetary Authority of Singapore’s (MAS) equities market review group proposes to introduce tax incentives to spur more listings and investments in the local equities market, in its…
BRC Asia Q1 profit after tax rises 13.9% to S$19.5 million
This is despite revenue falling 12.4% year on year to S$349.8 million, from S$399.2 million STEEL fabricator BRC Asia on Thursday (Feb 6) announced its profit after tax rose 13.9 per cent…
‘Other People’s Money’ Team Explain How They Told the Story of Europe’s Biggest Ever Tax Fraud as Trailer Debuts (EXCLUSIVE)
The first trailer for drama series “Other People’s Money,” which has its world premiere at the Berlin Film Festival, debuts here. Variety spoke to its producers and the creator-showrunner…
Volkswagen sues India to quash ‘enormous’ US$1.4b tax demand, legal filing shows
Volkswagen has sued Indian authorities to quash an “impossibly enormous” tax demand of US$1.4 billion, arguing that the ask is contradictory to New Delhi’s import taxation rules for car…
German town's tax on disposable packaging upheld at high court
Germany's Constitutional Court has upheld a special tax on disposable food and drink packaging levied by the small university city of Tübingen, rejecting a lawsuit brought by a local…
US firms pay over $1 billion in taxes to Russia Amid Ongoing Ukraine war
U.S. companies that have continued to do business in Russia have contributed more than $1 billion in tax revenue to Kremlin, Newsweek has learned. American firms in Russia paid the country…
Five common tax deductions to claim on 2024 tax returns
Tax deductions can impact your taxable income, reduce your overall tax liability and potentially increase your refund. Why It Matters Tax deductions are specific expenses that the IRS…
IRS issues tax deadline reminder for 14 states
The Internal Revenue Service (IRS) has issued a reminder for taxpayers across 14 states that may have been granted extensions on their tax returns. Why It Matters The IRS offers relief by…
Brazil court suspends law cutting tax breaks for firms with deforestation soy commitment
SAO PAULO/BRASILIA (Reuters) - A justice on Brazil's top court on Thursday suspended a law from the country's top soy-producing state that would end tax breaks for firms following an…
Italy probes CK Hutchison unit on tax in 3.4 billion euros asset sale
CK HUTCHISON’s Italian telecommunications unit is the target of a probe alleging that it evaded taxes during a 3.4 billion euros (S$4.8 billion) asset sale to Cellnex Telecom. The…
Adidas headquarters raided in years-long tax investigation, company says
AUTHORITIES raided Adidas AG headquarters in Germany as part of a years-long tax investigation, a spokesperson from the company said on Tuesday. Adidas said in a statement it has been in…
Germany and 15 other EU countries want vapes included in tobacco tax
The Managing Director of the German subsidiary of e-cigarette manufacturer Reymont, Selim Oezder, stands at his company's stand at the Intertabac trade fair and uses a vape, as the devices…
Trump is threatening to raise tariffs again. Here's how China plans to fight back
TAIPEI, Taiwan — President-elect Donald Trump has threatened to impose new tariffs on Chinese imports when he takes office, a move that would deepen a trade war he started six years ago.…
Trudeau plays Santa with seasonal tax break
Canadian Prime Minister Justin Trudeau is playing Father Christmas with a seasonally-timed tax break amid growing frustrations about Canada's cost of living. The prime minister announced…
Canada's Trudeau to cut sales tax and send checks to millions of Canadians as election looms
HALIFAX, Nova Scotia (AP) — Canadian Prime Minister Justin Trudeau 's government announced plans Thursday to temporarily lift the federal sales tax off a number of items and send checks to…
Key witness is Germany's 'cum-ex' tax fraud scandal goes on trial
The accused lawyer Kai-Uwe Steck (L) sits next to his lawyer Gerhard Strate in the courtroom. A criminal trial against one of the key figures in Germany's biggest tax scandal, the illegal…
UK farmers plan to protest at Parliament over a tax hike they say will ruin family farms
LONDON (AP) — With banners, bullhorns, toy tractors and an angry message, British farmers are descending on Parliament on Tuesday to protest a hike in inheritance tax that they say will…
Mexico has room to boost tax revenues without fiscal overhaul, president says
MEXICO CITY (Reuters) - Mexico has room to boost tax revenues next year without turning to a deep fiscal reform, President Claudia Sheinbaum said on Friday, as her government is expected…
EU Commission takes Germany to court over capital gains tax deferral
A flag of the Bundesliga club FC St. Pauli hangs on a balcony of an old apartment building in the St. Pauli district. The European Commission is taking Germany to the European Court of…
Frasers Hospitality Trust’s sudden lurch to a higher tax rate in Australia serves as a cautionary tale
S-Reits may lose the capital support of strategic investors due to the limit on foreign individual ownership THE news that Frasers Hospitality Trust’s (FHT) wholly owned Australian…