WASHINGTON The first U.S. tax filing season under the overhaul that President Donald Trump signed into law at the end of 2017 got off to a slow start in the first week, with data released on Friday showing a significant drop in returns and refunds.
ZURICH Credit Suisse expects a higher tax rate for 2018 than previously forecast, it said on Wednesday, citing U.S. tax changes aimed at preventing companies from shifting profits abroad.
BEIJING China will introduce tax breaks for small businesses run by recent graduates and low-income workers, according to a joint ministry announcement, as the country looks to boost spending and offset an economic slowdown.
Pennsylvania Governor Tom Wolf on Thursday proposed a tax on extracting natural gas to pay for his plan to spend $4.5 billion over the next four years to improve the state's infrastructure.
JAKARTA Indonesia's President Joko Widodo has renewed a pledge to cut corporate tax rates in Southeast Asia's biggest economy if he is re-elected in April, an economic adviser said on Thursday, following a similar promise by his election opponent.
PARIS The Organisation for Economic Cooperation and Development is working on plans for a minimum corporate tax rate as part of a global revision of tax rules for the digital era, it said on Tuesday.
WASHINGTON Thousands of Internal Revenue Source employees ordered to return to their jobs unpaid in order to handle the tax filing season are not showing up to work, the Washington Post reported on Friday, citing House of Representatives aides, as the partial federal government shutdown ground on in its 35th day.
LONDON Britain's public spending watchdog on Friday questioned a government estimate of 24 billion pounds ($31 billion) as the cost of tax relief to decommission oil and gas infrastructure.
WASHINGTON The U.S. Internal Revenue Service is due to start sifting through an avalanche of annual tax returns on Monday, with a workforce hard-pressed by the partial government shutdown and Congress uncertain how to avoid chaos for taxpayers.
BRUSSELS The European Commission said on Thursday it was suing Britain over tax exemptions the country grants to some commodity markets, waivers that Brussels considers in breach of European Union rules.
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