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Cryptocurrencies have captured the attention of investors and world governments alike, especially given Bitcoin’s meteoric rise over the past 12 months. Cybersecurity expert John McAfee believes they may encompass the sum of all fears for governments the world over. The blockchain technology that cryptocurrencies like Bitcoin and Ethereum are built...
When looking to start up a business, location can and often is a very important thing to consider. In certain locations, you can take advantage of things such as low taxes, low fees, a low cost of living and also a high market demand. If you are looking to...
The Saudi General Directorate of Passports and Expatriates Affairs said levy fees on expatriates’ dependents include all nationalities with no exceptions. The directorate added that residency permits and residency identities will not be renewed unless all levy fees on dependents are paid. New fees on dependents of residents and visitors went...
In a drab meeting room of San Francisco's city hall this week, the city's leaders briefly confronted a brave, new world. Robots will upend the very nature of work and further concentrate wealth among their owners, said Supervisor Jane Kim, who's seen as a progressive in a city without a...
Google's Paris headquarters have been raided as part of an ongoing tax probe. The headquarters in the ninth arrondissement were raided from 5am this morning, according to reports. French newspaper Le Parisien said that around 100 tax officials entered the building. Google is being investigated for the way it pays its taxes...
Barcelona striker Neymar has had assets of more than £31m frozen for alleged tax evasion. The Brazilian player is accused of not paying £10m in taxes between 2011 and 2013. He only declared assets of £3.3m for those years, according to a statement by Sao Paulo federal court in Brazil. Judge Carlos...
MANILA, Philippines—Another match, another warning. Even before his fight against rival Floyd Mayweather Jr., Manny Pacquiao was immediately on the other end of a sucker punch. It was, again, Commissioner Kim Henares of the Bureau of Internal Revenue (BIR) warning Pacquiao to report his earnings to both them and the Internal...
(Reuters) - Two executives of the Pakistani arm of computer giant Hewlett-Packard Co were arrested by local officials in Karachi on Friday on suspicion of corporate tax evasion, the Wall Street Journal reported.   The arrested executives were identified as Shahid Ali Khan, HP Pakistan's country general manager for printing and...
Dubai: The UAE Ministry of Finance does not have any plan to impose taxes on individuals, Shaikh Hamdan Bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance, said. “We are studying the issue of imposing new fees for the newly introduced services at federal ministries and bodies,...
PARIS, Dec 29 - France's Constitutional Council gave the green light on Sunday to the government's controversial 'millionaire tax', to be levied on companies that pay salaries of more than 1 million euros ($1.38 million) a year. The measure, introduced in line with a pledge by President Francois Hollande to...
MPs will question Prince Charles's most senior aide on Monday over controversial tax arrangements that underpin the heir's £19m annual income. After investigations into alleged tax avoidance by Amazon, Google and Starbucks, the public accounts committee wants to know why the prince's hereditary estate, the Duchy of Cornwall, does not pay...
Google must be fully investigated over its "highly contrived" tax arrangements designed to avoid corporation tax on its multibillion-pound UK revenues, an influential MPs' committee has demanded. A House of Commons Public Accounts Committee report labelled the internet giant's claims that its UK sales activities take place in low-tax Ireland as "deeply...
AFP - A Spanish judge Friday ordered an investigation into the tax affairs of King Juan Carlos's youngest daughter, Princess Cristina, adding to the woes of the scandal-hit royal family. A judge in Palma de Mallorca demanded the tax authorities provide him with a report on Cristina's property and non-property assets,...
The French government is considering a tax on smartphones, laptops and tablet devices to help state funding of the arts. As a result of a 500-page report commissioned and broadly supported by President Francois Hollande's administration, French consumers could see a tax of up to 4% on devices allowing access...
Actor Wesley Snipes has been released from a US prison where he was serving a three-year sentence for tax evasion. The White Men Can't Jump star was convicted in 2008 after prosecutors said he failed to file tax returns for at least a decade and owed millions of dollars. The 50-year-old...
Britain should withhold extra aid to Pakistan unless the country boosts the amount of tax it collects from its own elite, a group of MPs has said. Pakistan will become the largest recipient of UK aid next year, a controversial move given the backdrop of corruption, tax avoidance and political...
Germany's 1.5 million truck drivers should start to keep a 'log book' for the tax office of how often and for how long they go to the toilet, it was reported recently. The top tax authority has recommended that truck drivers note down the duration and frequency of their ablutions...
ISLAMABAD: Preferring short-cuts to extend a major relief to the elite ahead of the general election, the PPP-led coalition government introduced on Monday the controversial tax amnesty bill in the National Assembly to whiten black money and assets at home and abroad within three months against a nominal one-time...
ISLAMABAD: Almost 70 percent of Pakistani lawmakers did not file income taxes last year, an investigative journalism group said on Wednesday, highlighting deep flaws in a taxation system that has drawn repeated criticism from Western aid donors. The Center for Investigative Journalism in Pakistan released a report based on leaked...
Buoyed by his November election victory and polls showing widespread approval of a proposal to raise taxes on the wealthy, US President Barack Obama is taking a tougher line in his first face-off with Republicans since winning a second term. The dust from the November election has barely settled, but...
RAMALLAH // Israel yesterday stopped payment of US$120 million in tax revenue to the Palestinians, as the government of prime minister Benjamin Netanyahu punished them further for their successful UN statehood bid. Hours later, Mahmoud Abbas, president of the Palestinian Authority, returned to Ramallah and was greeted by thousands of...
AFP - The Philippines has moved closer to raising tobacco and alcohol taxes, the government said on Wednesday after the Senate passed a bill aimed at weaning millions of smokers off the habit. The Senate late Tuesday passed a bill that would raise 40 billion pesos (nearly $1 billion)...
Over two million wealthy Pakistanis live in palatial houses, possess arms, drive luxury cars, travel abroad and hold multiple bank account, but don’t pay their taxes, said a media report. There are 2.38 million people in the country who are rolling in wealth, but do not figure on the tax...
US Republican presidential candidate Mitt Romney has fought back against claims from Democrats that he paid no taxes in some years. He has released a letter saying he paid an effective federal tax rate of at least 13.6 percent annually over 20 years. Romney has not made those returns public, but...
US athletes who won medals at the London 2012 Olympics are in for a disappointment: They will have pay taxes on their prize money. But some question if the Olympic medal should come with prize money at all. According to the US legislation earnings made by a US citizen abroad...
AFP - French lawmakers approved a new 2012 budget in the early hours of Friday, following four days of debate, with tax and spend initiatives scrapping key planks of ex-president Nicolas Sarkozy's policies. The measures were part of the first budget bill presented by Socialist President Francois Hollande's government since...
A barrage of regulatory clampdowns and political attacks on the Channel Islands' controversial financial industry has prompted one of Jersey's most senior politicians to call for preparations to be made to break the "thrall of Whitehall" and declare independence from the UK. Sir Philip Bailhache, the island's assistant chief minister,...