Reuters analyzed the filings of hundreds of U.S. and foreign companies to compare their tax bills, finding that the U.S. firms currently pay far lower taxes - and would likely continue to pay lower taxes under a tax hike proposed by U.S. President Joe Biden.
U.S. companies pay less income tax than their overseas competitors and would likely continue to do so under a tax hike proposed by President Joe Biden, according to a Reuters analysis of filings by hundreds of U.S. and international firms.
LONDON An agreement by wealthy nations aimed at squeezing more tax out of large multinational companies could hit some firms hard while leaving others - including some of the most frequent targets of lawmakers’ ire - relatively unscathed, according to a Reuters analysis.
The Scottish government is facing a new legal challenge over its February rejection of a motion to investigate former U.S. President Donald Trump's all-cash purchases of two golf courses, reviving an effort to force Trump to disclose how he financed the deals.
May 24 The Scottish government is facing a new
legal challenge over its February rejection of a motion to
investigate former U.S. President Donald Trump's all-cash
purchases of two golf courses, reviving an effort to force Trump
to disclose how he financed the deals.
LONDON Credit Suisse told investors the debt in its $7.3 billion finance fund was low risk because it was insured but the bank failed to ensure the policies would pay out, two sources told Reuters.
LONDON, March 19 The Italian government
guaranteed an 86 million euros ($102 million) loan from
Greensill Bank, part of the collapsed Greensill Capital group,
to one of steel magnate Sanjeev Gupta’s firms, according to
accounts filed with the Italian corporate registry in recent
LONDON Greensill Capital filed for insolvency on Monday after losing insurance coverage for its debt repackaging business and said in its court filing that its largest client, GFG Alliance, had started to default on its debts.