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Senate passes budget blueprint, key to Trump tax effort


WASHINGTON President Donald Trump's drive to overhaul the U.S. tax code cleared a critical hurdle on Thursday when the Senate approved a budget blueprint for the 2018 fiscal year that will pave the way for Republicans to pursue a tax-cut package without Democratic support. | Video

EU leaders want proposals on taxing online giants early next year

BRUSSELS European Union leaders said on Thursday they looked forward to seeing proposals on taxing online giants by early 2018 but in a nod to concerns from countries like Ireland said EU efforts had to be in line with work under way at a global level.

Oct 19 2017

Macron lawmaker wants 'rich list' study amid wealth tax unease

PARIS France's budget rapporteur on Thursday asked the government to spell out how much the rich stood to gain if a wealth tax was scrapped, as unease over President Emmanuel Macron's plan within his own party bubbles up.

Oct 19 2017

Senate Republicans appear to have votes to pave way to tax reform

WASHINGTON U.S. Senate Republicans appeared to have enough votes on Wednesday to pass a budget measure that is crucial to President Donald Trump's hopes of enacting tax reform legislation before the end of the year.

Oct 18 2017

Trump tax plan hits bump in Senate as Rand Paul weighs 'no' vote

WASHINGTON Senate Republicans scrambled on Tuesday to ensure support for a budget resolution vital to President Donald Trump's drive to overhaul the U.S. tax code, as one Republican fiscal hawk announced he might vote against the measure. | Video

Oct 18 2017

UK lawmakers say Amazon, eBay not doing enough to combat VAT fraud

LONDON A UK parliamentary report has criticized Amazon and eBay for not doing enough to prevent tax fraud on their online market places and recommended the government hold the online giants accountable for tax lost to evaders.

Oct 17 2017

Republican Senator Collins likely 'yes' vote to advance tax reform

WASHINGTON U.S. Republican Senator Susan Collins, who helped torpedo President Donald Trump's effort to repeal Obamacare, said on Sunday she was leaning towards a 'yes' vote on the Senate budget resolution to advance tax reform.

Oct 15 2017

Sales tax hike is 'obvious' choice for Japan debt woes: IMF

WASHINGTON Raising the sales tax is a "very obvious" choice for Japan to get its fiscal house in order, a senior IMF official said on Friday, shrugging off proposals by the country's opposition parties to freeze a hike scheduled for 2019.

Oct 13 2017

Republicans eye alternatives for getting to 20 percent corporate tax rate

WASHINGTON Republican lawmakers are considering indirect paths to meeting President Donald Trump's goal of slashing the corporate tax rate to 20 percent, one of the toughest challenges they face in trying to overhaul the U.S. tax code.

Oct 12 2017

Trump says his feud with Senator Corker will not hurt tax push

WASHINGTON U.S. President Donald Trump said on Tuesday his public feud with Senator Bob Corker would not harm his push for a tax-code overhaul, hours after he aimed a new insult at the influential fellow Republican by mocking his physical stature. | Video

Oct 10 2017

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