MOSCOW The lower house of Russian parliament on Thursday approved in the third and final reading the new, profit-based, taxation for a limited number of oilfields, as part of efforts to boost domestic oil production, the Energy Ministry said.
MOSCOW Russian lawmakers on Tuesday backed a proposal to raise value-added tax in a preliminary vote, part of an unpopular budget package designed to shore up government finances which has already hurt President Vladimir Putin's approval ratings.
HONG KONG Hong Kong proposed a vacancy tax on empty new homes on Friday in an attempt to discourage developers from hoarding, but analysts expect the measure to have little impact on prices in a property market rated the world's least affordable.
Big Soda scored a major victory on Thursday as California passed a law that bans local sugar taxes through 2030 in the most populous U.S. state, where cities including Berkeley have approved such levies.
SYDNEY Australia center-right government was forced on Thursday to shelve for at least two months its plans to cut company taxes by around A$65 billion ($47.79 billion) after failing to get enough support from lawmakers.
SYDNEY Australian Prime Minister Malcolm Turnbull faces a fresh blow in parliament this week, with the Senate poised on Monday to reject his government's plans for a corporate tax cut after several independent lawmakers vowed to vote against the measure.
LISBON Portugal's parliament approved on Thursday a motion by the centre-right opposition to end a surcharge on petrol, undermining the ruling Socialists as their leftist allies sided with the opposition by abstaining and threatening revenues.
CANBERRA Australia passed a A$144 billion ($106 billion) package of income tax cuts on Thursday after right-wing leader Pauline Hanson backed the legislation, potentially boosting the re-election prospects of the center-right government.
SEATTLE The Seattle City Council on Tuesday repealed a newly enacted "head tax" on the city's largest companies, including Amazon.com, in the face of seemingly insurmountable big-business opposition to a revenue measure meant to combat homelessness.
BRUSSELS Finance ministers of the European Union's three Nordic countries have urged their partners to shelve a plan to tax large corporations for their digital turnover, saying it could damage the European economy.
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