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Germany urges global minimum tax for digital giants
German Finance Minister Olaf Scholz said in an interview for publication on Sunday he backed a global minimum fiscal regime for multinationals as Europe looks to levy tax notably on US tech giants.
US budget deficit hits $779 billion, highest since 2012
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.
Treasury weighs up tax break for landlords who sell to generation rent
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.
Facebook's UK tax bill triples to £15.7m
Facebook paid £15.7 million in tax in the UK last year, which is triple the amount it paid in the previous year.
No tax rises on petrol, says Theresa May
Fuel duty is to be frozen for the ninth year in a row, the prime minister is to announce — saying the government is on the side of "hard-working families".
Dutch tax break change cheeses off expats
Plans by the Netherlands to scrap a major tax break for foreigners have left expatriates in a spin at a time when the country is hoping to lure multinationals as part of a Brexit exodus.
Modric reaches Spanish tax settlement
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.
Alberta pulls out of carbon tax initiative after pipeline ruling
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.
Jordan to drop IMF-imposed tax bill after biggest protests in years
Jordan's new prime minister says he will drop a controversial IMF-backed income tax bill which has sparked the kingdom's biggest protests in years.
Jordan's king suggests review of entire tax system amid massive protests
Jordan's king says the new government must launch a dialogue over a planned income tax law, which has sparked the country's biggest protests in years.
People in Uganda have to pay tax to use social media
The Ugandan government has imposed taxes on social media to raise money for the country and to avoid donor aid, a lawmaker told CNN.
Hong Kong officials consider sugar tax to cure city of its bad habits
Hong Kong could consider a new sugar tax ‘if all else fails’ to reduce deaths from non-communicable diseases, the health authority said as it unveiled its strategy for the next seven years.
Tax revenue tallied at 50 trillion won through Feb.
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.
Internet giants to pay more tax in EU countries
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.
Trump steps up war of words  on trade with threat to tax EU cars
US President Donald Trump has stepped up his war of words over trade tariffs, threatening to ‘apply a tax’ on imports of cars from the European Union.

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