Tax – Page 3 – THE OVAL CIRCLE

Russia doubles wheat export tax to stabilize domestic food prices

Posted on March 2, 2021March 2, 2021By Editor

Export duty on Russian wheat has been doubled to €50 ($60.44) per ton from March 1. It will remain in force until a permanent floating tax is imposed in June. … Read More >Russia doubles wheat export tax to stabilize domestic food prices

Ex-Spanish King Juan Carlos pays back multi-million euro tax bill amid corruption scandal

Posted on March 1, 2021March 1, 2021By Editor

Spain’s former King Juan Carlos I has paid back his second tax bill after fleeing to the United Arab Emirates following his 2014 abdication in favor of his son Felipe VI amid fear of prosecution over a corruption scandal. … Read More >Ex-Spanish King Juan Carlos pays back multi-million euro tax bill amid corruption scandal

Business

UK government to hike corporation tax to offset expense of Covid-19 aid – report

Posted on February 23, 2021By Editor

The British finance minister, Rishi Sunak, is reportedly planning to raise the tax on business to defray the costs of expanding the nation’s Covid-19 support package. … Read More >UK government to hike corporation tax to offset expense of Covid-19 aid – report

Asia & Pacific

India defends digital tax opposed by Washington & US tech giants

Posted on February 4, 2021February 4, 2021By Editor

India’s trade secretary has defended the country’s recently introduced digital tax, maintaining that online commerce and other revenues must be taxed in some form. The tax has been objected by US-based tech firms and Washington. … Read More >India defends digital tax opposed by Washington & US tech giants

Asia & Pacific

Thailand to introduce tourism tax for every visitor, advised to legalize gambling to help stop the spread of Covid-19

Posted on January 16, 2021January 16, 2021By Editor

Tourist traffic to Thailand has plummeted during the Covid-19 pandemic. Now the kingdom is introducing a visitor tax to help pay Covid-19 costs and is being urged to legalize gambling to stop its spread in underground. … Read More >Thailand to introduce tourism tax for every visitor, advised to legalize gambling to help stop the spread of Covid-19

USA

That’s OUR money! Dozen US states go to Supreme Court fighting over who gets to tax residents stuck working from home

Posted on December 25, 2020December 25, 2020By Editor

New Jersey should tax its residents working from home, rather than New York where their offices sit empty, the state argued in a brief to the US Supreme Court, part of a broader battle over taxation sparked by Covid-19 lockdowns. … Read More >That’s OUR money! Dozen US states go to Supreme Court fighting over who gets to tax residents stuck working from home

Business

Russia considers grain export quota to stabilize domestic food prices

Posted on December 13, 2020December 13, 2020By Editor

Russia is preparing a decree authorizing an introduction of a grain export quota and wheat export tax, according to the chairman of the Russian Union of Grain Exporters, Eduard Zernin. … Read More >Russia considers grain export quota to stabilize domestic food prices

USA

US Cryptocurrency Creator Faces Criminal Tax Evasion Charges

Posted on December 10, 2020December 10, 2020By Editor

The United States has unsealed an indictment against Amir Elmaani, who created the cryptocurrency Oyster Pearl, for tax evasion, the Justice Department said. … Read More >US Cryptocurrency Creator Faces Criminal Tax Evasion Charges

Business

Russia to scrap tax agreement with Netherlands as proposed approach fails to combat capital outflows

Posted on December 6, 2020December 6, 2020By Editor

Russian lawmakers initiated denouncing a tax agreement with the Netherlands. The deal was designed to avoid double taxation, but so far negotiations have come to a deadlock. … Read More >Russia to scrap tax agreement with Netherlands as proposed approach fails to combat capital outflows

France threatens to seek EU-level response if hit by US sanctions over its digital tax on tech giants

Posted on December 2, 2020December 2, 2020By Editor

France’s finance minister has vowed it won’t back down in the face of looming US trade sanctions in response to its digital tax on American tech giants, and said it would instantly seek a reaction from the EU if hit by tariffs. … Read More >France threatens to seek EU-level response if hit by US sanctions over its digital tax on tech giants

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