Police search PwC Sydney office amid tax scandal investigation
POLICE combed through PwC Australia’s Sydney office on Monday (Nov 4) as part of an ongoing investigation into the firm’s tax scandal. Chief executive Kevin Burrowes warned partners to…
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Tax
South Korea says it may consider additional oil tax cut
SOUTH Korea is experiencing minimal economic impact following Israel’s retaliatory strike on Iran, but may consider a further reduction in fuel oil tax if global market volatility…
Indonesia's $30 Billion Free Lunch Plan Hinges on Big Tax Revamp
(Bloomberg) -- In northern Jakarta Bay, a region with the highest prevalence of growth stunting and malnutrition in Indonesia’s capital, about 160 first graders excitedly grab their free…
UK Businesses Warn Starmer Against Raising Employer Payroll Tax
(Bloomberg) -- UK business groups warned the country’s new Labour government against raising a key tax on employers after Prime Minister Keir Starmer and Chancellor of the Exchequer Rachel…
HK Leader May Focus on Economy, Liquor Tax Cut in Speech
(Bloomberg) -- Hong Kong’s leader is expected to make bolstering the economy a priority in an annual speech this week, using it to lay out an agenda that includes a potential cut to a…
Net direct tax collection grows 18% to Rs 11.25 trillion: Govt data
1 min read Last Updated : Oct 11 2024 | 7:36 PM IST Net direct tax collection grew 18.3 per cent to about Rs 11.25 trillion as of October 10 this fiscal, government data showed on Friday.…
New French PM confirms tax rises for major companies to plug deficit
France’s new Prime Minister Michel Barnier has proposed €60b ($66b) worth of spending cuts and tax hikes to help shrink the country’s deficit to 5% of economic output, down from the 6.1%…
Govt extends income tax audit report deadline to Oct 7: Check details
2 min read Last Updated : Sep 30 2024 | 3:49 PM IST The income tax department has extended the date for filing the audit report for 2023-24 by 7 days till October 7. The audit report must…
GST Council forms GoM on compensation cess; report expected by Dec 31
Currently, goods and services tax (GST) is a four-tier tax structure with slabs at 5, 12, 18, and 28 per cent. However, as per GST law, tax of up to 40 per cent can be imposed on goods and…
Stellantis chair targeted in 75 million euro seizure over alleged tax fraud
MILAN - An Italian judge has seized money and assets worth almost 75 million euros ($84 million) from five people, including Stellantis (STLAM.MI), and Ferrari (RACE.MI), Chair John…
Italy weighs steep tourist tax as European backlash against visitors grows
Aug 30, 2024, 12:37pm EDT The News Italy is weighing a steep increase in tourist taxes to counter the impact of overtourism, the latest European country to take steps against unmanageable…
Double whammy for the Kenyan president's tax plans
Kenya’s President William Ruto must be feeling punch-drunk - after suffering another blow to his plans to raise taxes for his cash-strapped, debt-burdened government. After the recent…
Footage shows tax bill protest in Kenya, not anti-hunger protest in Nigeria
Faced with soaring prices and economic crisis, Nigerians have taken to the streets to protest against government policies. Disinformation about the demonstrations has spread online, with…
Vietnam veteran in Cook County gets answers after receiving $6,200 tax bill despite disability exemption
COOK COUNTY, Ill. - A Vietnam veteran expressed his shock last week after receiving a $6,200 Cook County property tax bill, despite previously being exempt due to his 100-percent…
Italian tax police free 33 Indian workers from 'slave-like' conditions on farms
ROME (AP) — Italy’s tax police said Saturday they had freed 33 Indian farm workers from “slave-like working conditions” in the northern province of Verona, while seizing almost half a…
‘We are the Church’: Kenyan tax protesters take on Christian leaders
In Kenya, the youth protests against planned tax increases have served as a wake-up call for the Church. They’ve shaken up a powerful institution, in a country where more than 80% of the…