corporate-tax
BusinessRoyal Mail Owner Ids Returns to Profit but Warns on Cost Environment
FinanceGerman Tax Revenue Rose by 8.2% in October, Finance Ministry Says
FinanceFragile Majority in Spanish Parliament Approves Additional Tax on Large Companies
BusinessS&P Revises Ireland’s Outlook on Apple Back-Tax Boost; Fitch Affirms Ratings
Orange Appeals 312 Million Euro Seizure by French Prosecutors in Tax Dispute
Date: November 16, 2024
By Gianluca Lo Nostro (Reuters) – French telecoms operator Orange said on Friday it had appealed against a 312 million euro ($329.28 million) seizure by the National Financial Prosecutor’s Office in a dispute over VAT. The French prosecutor’s office is looking into the varying tax rates that the telecoms operator charged for its services between...
Exclusive-Russian Railways Expects Interest Costs to Hit $7 Billion in 2025
Date: November 14, 2024
By Gleb Stolyarov and Alexander Marrow (Reuters) – Russian Railways expects its interest payment costs to hit $7 billion next year, suggesting a rise of around $4 billion, a company document seen by Reuters shows, as businesses and the government blame high rates for slowing investment growth. The state-owned monopoly, which transports an average of...
Retail Boss Calls for UK Tax Rises to Be Staggered to Avoid Stoking Inflation
Date: November 13, 2024
LONDON (Reuters) -The new Labour government must re-think the timing of tax rises imposed in last month’s budget and instead phase them in if it wants to avoid fuelling inflation, the chairman of the British Retail Consortium said on Tuesday. The budget raised employers’ National Insurance, or social security, contributions by 1.2 percentage points to...
Pro-Government Economists Blame Central Bank for Plunging Russia Into ‘stagflation’
Date: November 13, 2024
MOSCOW (Reuters) – Russia’s tight monetary policy has failed to curb price growth and has created risks of an economic slowdown, dragging the economy into stagflation, a combination of stagnant growth and inflation, a leading think-tank close to the government said. The Russian central bank raised the key interest rate to 21% last month, the...
Europe’s Stoxx up 1% at Start of Data-Packed Week
Date: November 11, 2024
By Shashwat Chauhan (Reuters) -European shares advanced on Monday, with most sectors gaining, ahead of a week packed with global economic data including inflation readings in Germany and the United States. The pan-European STOXX 600 added 1%, with industrials among the top gainers, up 1.4%. Later this week, inflation readings across Europe, the United States...
French Pilots’ Union Flags Strike to Protest Tax Hike on Airline Tickets
Date: November 11, 2024
PARIS (Reuters) – French pilots’ union SNPL is calling for strike action on Thursday to protest against a government proposal to triple the levy on flight tickets as part of wider plans to plug a hole in France’s state budget, a spokesperson said on Sunday. WHY IT IS IMPORTANT The strike notice, which concerns Air...