corporate-tax
Top StoriesNew Zealand’s National Party Looks to Cement Lead 30 Days Out From Election
Top StoriesECB Criticises New Italian Tax on Windfall Bank Profits
Top StoriesGermany Planning to Raise Amount of Tax Relief for Firms: Document
Top StoriesItaly PM Meloni Takes ‘full Responsibility’ for Bank Tax
Italy Shocks Banks With 40% Windfall Tax for 2023
Date: August 8, 2023
Italy shocks banks with 40% windfall tax for 2023 By Angelo Amante, Giuseppe Fonte and Valentina Za ROME (Reuters) -Italy has approved a one-off 40% tax on profits banks reap from higher interest rates after reprimanding lenders for failing to reward deposits, in a surprise move that sent banking shares plunging across Europe. Sharply higher official...
Canada Defends Digital Taxes but Sees Path for Global Deal
Date: July 19, 2023
Canada defends digital taxes but sees path for global deal By Ismail Shakil and Steve Scherer OTTAWA (Reuters) -Canada on Tuesday defended its decision to push ahead with its implementation of digital services taxes starting next year, citing national interest even as Finance Minister Chrystia Freeland expressed hope in reaching an international consensus. More than...
PwC Australia Says Staff Involved in Tax Leak Face ‘severe’ Consequences
Date: June 26, 2023
PwC Australia says staff involved in tax leak face ‘severe’ consequences By Lewis Jackson SYDNEY (Reuters) -PricewaterhouseCoopers Australia staff who are found to have acted improperly in a scandal over the leaking of government tax plans will face “severe” consequences, acting chief executive Kristin Stubbins told a state parliament inquiry on Monday. In her first...
PwC Australia Clients, Staff in Focus as Tax Leak Faces Government Hearings
Date: May 30, 2023
SYDNEY (Reuters) – Australian senators will use parliamentary hearings this week to demand accounting firm PricewaterhouseCoopers (PwC) name staff and clients who were in on the “big four” firm’s misuse of confidential government tax plans. The staff and clients were referenced in a cache of partially redacted emails released amid a scandal over a former...
UK Drops Plan to Tax Sovereign Wealth Funds
Date: March 17, 2023
LONDON (Reuters) – British finance minister Jeremy Hunt has dropped a plan to tax sovereign wealth funds investing in Britain, according to a government document. The report, detailing the measures in a budget plan announced by Hunt on Wednesday, said “the government has carefully considered” responses to its consultation on the immunity of sovereign funds...
The Pound, Gilts and Stocks: Likely Winners and Losers From UK Budget
Date: March 13, 2023
By Lucy Raitano, Samuel Indyk and Joice Alves LONDON (Reuters) – Britain’s City and business lobby are clamouring for sweeteners in Wednesday’s spring budget to replace generous investment relief that is expiring just as corporation tax is due to rise. Former Prime Minister Liz Truss sealed the short-lived status of her premiership back in September...