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Australian tax office to audit 20 million foreign visa holders

SYDNEY The Australian Taxation Office will investigate more than 20 million international visa holders and foreign students using data-matching audits to catch tax avoidance and enforce superannuation compliance, the agency said on Sunday.

Lenovo to make $400 million one-off charge on U.S. tax reforms

HONG KONG Lenovo Group Ltd said on Wednesday it expected to make a one-off charge of $400 million for nine months ended in December due to a reassessment of U.S. deferred tax assets.

Jan 19 2018

Amazon's review of Toronto could escalate tension with Trump

TORONTO Amazon.com Inc's inclusion of Canada's largest city on a list of 20 finalists for a massive new campus could escalate tensions between the tech giant and U.S. President Donald Trump. | Video

Jan 18 2018

Software AG takes hit on U.S. tax reform

FRANKFURT Germany's Software AG on Thursday said it would take a hit in the mid-single digit million euros range for 2017 due to U.S. federal tax reforms.

Jan 18 2018

Singaporeans against higher taxes to support elderly, survey finds

SINGAPORE Singaporeans are not in favor of higher taxes to support their rapidly ageing population, a survey published on Thursday showed, and would prefer the country to tap its national reserves to deal with future social spending increases.

Jan 18 2018

Apple plans new U.S. campus, to pay $38 billion in foreign cash taxes

Apple Inc will open a new campus as part of a five-year, $30 billion U.S. investment plan and will make about $38 billion in one-time tax payments on its overseas cash, one of the largest corporate spending plans announced since the passage of a tax cut signed by U.S. President Donald Trump. | Video

Jan 17 2018

Verizon says new U.S. tax law to increase fourth-quarter earnings

NEW YORK Verizon Communications Inc said on Wednesday the tax overhaul bill signed into law by U.S. President Donald Trump late last year will result in a one-time reduction in net deferred income tax liabilities of about $16.8 billion.

Jan 17 2018

Alien sightings are no excuse for filing your tax return late

LONDON As Britain's deadline for annual tax returns looms, revenue authorities have warned they will be keeping a sharp lookout for any mention of aliens.

Jan 17 2018

Russia seeks to spend more on health, education, infrastructure

MOSCOW The Russian government is considering increasing public spending on education, healthcare and infrastructure, officials said on Tuesday, a move that could involve tax changes that hit the wealthy.

Jan 16 2018

U.S. Supreme Court takes up state online sales tax dispute

WASHINGTON The U.S. Supreme Court on Friday agreed to decide whether to let states require online retailers to collect billions of dollars in sales tax, taking up South Dakota's dispute with three e-commerce companies.

Jan 12 2018

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