corporate-tax
Top StoriesShell, Chevron and Petrobras Weigh Guyana Oil Auction Bids -Sources
Top StoriesWalmart Paid Most of $1 Billion Tax for PhonePe Shifting Base to India
Top StoriesExxon Sues EU in Move to Block New Windfall Tax on Oil Companies
Top StoriesEngie Warns of Hit From Windfall Levies, Belgian Nuclear Provisions
Irish Corporate Tax Boom Breaks More Records in November
Date: December 2, 2022
DUBLIN (Reuters) – Ireland took in more corporate tax in November than it used to collect in entire years a decade ago, as a recent boom in receipts from multinationals picked up more pace to push the total tax take 25% higher year-to-date. The treasury took 5 billion euros ($5.24 billion) last month, mostly from...
Deloitte Explores Future Challenges and Opportunities Facing Family Enterprises in the United Arab Emirates
Date: November 23, 2022
The renowned provider of professional services, Deloitte, hosted over a 100 leaders of UAE based family enterprises at an event held in Abu Dhabi. The event titled “The thriving family enterprise of the future” included a series of key notes and discussion panels which addressed the most pressing topics facing family businesses in the UAE....
Blow for EU Crackdown on Tax Deals as Fiat Wins Appeal
Date: November 8, 2022
By Foo Yun Chee LUXEMBOURG (Reuters) -Fiat Chrysler on Tuesday won its fight against an EU order to pay 30 million euros ($30 million) in back taxes to Luxembourg, dealing a major setback to EU antitrust chief Margrethe Vestager’s crackdown on sweetheart deals between EU countries and multinationals. In her 2015 decision, Vestager said Luxembourg...
German Industry Calls for Delay to Global Minimum Tax – Bdi
Date: November 7, 2022
BERLIN (Reuters) – German industry has called for a delay to a global minimum corporate tax by at least a year to 2025 to give companies more time to prepare given the current crisis, according to a position paper published by industry association BDI on Monday. “The ambitious timetable of applying the minimum tax as...
Bp Sees $2.5 Billion UK Tax Bill This Year Including Windfall Levy
Date: November 1, 2022
LONDON (Reuters) – BP expects to pay around $2.5 billion in taxes for its British North Sea business this year, including $800 million in a windfall tax, a spokesperson said on Tuesday. Britain in May imposed the 25% Energy Profits Levy (EPL) on North Sea oil and gas producers to raise money to help households...
NatWest Shares Plunge After Warning on Rising Costs
Date: October 28, 2022
By Iain Withers and Lawrence White LONDON (Reuters) -NatWest’s shares fell as much as 9% on Friday after the British bank warned of rising costs, and as its third-quarter results were hit by a deteriorating UK economic outlook that prompted an increase in bad debt provisions. Britain’s economy is facing recession at a time when...