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Russia to switch 25-30% of oilfields to profit-based tax by year-end -TASS

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MOSCOW Some 25-30% of Russian oilfields will work under profit-based taxation by the end of the year, Deputy Finance Minister Alexei Sazanov was quoted as saying by TASS news agency on Friday.

Spanish judge seeks tax fraud trial for pop singer Shakira

MADRID A Spanish judge has seen "sufficient evidence" for Colombian singer Shakira to face trial for tax fraud, a court document released on Thursday said.

Jul 29 2021

PwC auditor's firing wasn't triggered by SEC complaint: judge

A California federal judge has ruled that the firing of a PricewaterhouseCoopers LLC senior manager after he told federal regulators that the accounting firm gave clients favorable audits to retain their business was not unlawful retaliation.

Jul 27 2021

South Korea to toughen rules to collect cryptocurrencies from tax dodgers

SEOUL South Korea will look to tighten a crackdown on tax evasion by cryptocurrency investors and high-income earners as it seeks fresh revenue to cover rising welfare costs, its finance ministry said on Monday.

Jul 26 2021

China says EU's planned carbon border tax violates trade principles

BEIJING (Reuters) -China said on Monday the European Union's plan to impose the world's first carbon border tax will expand climate issues into trade in violation of international principles and hurt prospects for economic growth.

Jul 26 2021

McDermott picks up tax partners from Baker McKenzie, DLA Piper

McDermott Will & Emery on Thursday announced it has brought on a trio of tax partners from Baker McKenzie and DLA Piper, including Jeffrey Maydew, the chair of Baker McKenzie's global tax planning and transactions practice group.

Jul 22 2021

Israel seeks to tax disposables to reduce plastic use

JERUSALEM Israel plans to impose a steep purchase tax on disposable utensils to discourage their use and protect the environment, government agencies said on Monday.

Jul 19 2021

Biden sees U.S. child tax credit as 'giant step' to counter poverty

WASHINGTON (Reuters) -Some 35 million American families have received their first monthly payout from the U.S. government in an expanded income-support program that President Joe Biden said on Thursday could help end child poverty. | Video

Jul 15 2021

U.S. Treasury pays out $15 billion in Child Tax Credit installment

WASHINGTON (Reuters) -The U.S. Treasury said on Wednesday that about $15 billion was paid to families in the first monthly installment of the Child Tax Credit that was expanded under President Joe Biden's $1.9 trillion COVID-19 legislation known as the American Rescue Plan.

Jul 14 2021

Israel to withhold $180 million in Palestinian funds over militant stipends

JERUSALEM Israel will withhold $180 million in tax revenue it collect last year on behalf of the Palestinian Authority, or about 7% of the PA's total tax revenue, to offset stipends paid to militants and their families, the Israeli cabinet said on Sunday.

Jul 11 2021

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