The US government’s budget deficit has surged to $779 billion in fiscal 2018, its highest level in six years as President Donald Trump’s tax cuts caused the government to borrow more heavily in order to cover its spending.
Chancellor of the Exchequer Philip Hammond is considering using this month’s budget to introduce a ‘Good Landlord’ tax break rewarding investors who sell properties to sitting tenants amid a housing crisis in the UK that has left 40 percent of young adults unable to buy a home.
Real Madrid midfielder Luka Modric reached a deal with Spanish prosecutors, admitting he evaded taxes and agreeing to an eight-month jail sentence likely to be converted into a fine, daily El Mundo reported Saturday.
The Canadian province of Alberta announced Thursday it would pull out of Prime Minister Justin Trudeau's flagship climate change initiative in protest against a court ruling against the expansion of the Trans Mountain pipeline.
South Korea's tax revenue was tallied at 49.9 trillion won ($46.7 billion) in the first two months of the year, 3.7 trillion won more than a year earlier, boosted by a rise in income tax, data showed on Tuesday.
The European Union is to revamp it tax system in a way that it would become much harder for internet giants like Amazon and Facebook to avoid taxes by declaring earnings in countries that have lower rates.