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Czech PM: Government plans digital tax on multinationals
The Czech government is planning to prop up state budget revenues by introducing a special tax on multinationals, Prime Minister Andrej Babis was quoted by a daily newspaper as saying on Saturday.
Swiss set to approve tax overhaul in 'existential' vote
Nearly two-thirds of Swiss voters look set to approve a shake-up of the country’s corporate tax system, heading off what its finance minister called an existential threat to Switzerland’s role as a business hub.
EU court throws out tax ruling against Barcelona, Real
Barcelona, Real Madrid and two other Spanish football clubs will not have to pay back taxes after a court on Tuesday annulled an EU state aid ruling in a second setback for regulators seeking to tackle tax avoidance.
HSBC profits hit by China slowdown
Hongkong and Shanghai Banking Corporation (HSBC) reported a lower-than-expected 15.9% rise in pre-tax profits for 2018, partly because of an economic slowdown in China and Hong Kong.
‘Israel to deduct sums from tax revenue belonging to Palestinians’
The Israeli regime controversially plans to deduct certain amounts from the tax it collects on behalf of the Palestinian Authority (PA) before handing it over to the PA.
Tech giants won’t like it, but digital tax must become reality
Tax authorities across Europe are increasingly asking themselves why, in the digital age, an ordinary citizen would pay tax if they could avoid doing so.
$1.5 trillion US tax cut failed to boost business investment, hiring plans: Survey
The $1.5 trillion tax cut package approved by the administration of US President Donald Trump appeared to have no major impact on capital investment or hiring plans by American companies, according to a survey.
China's premier says tax cuts support employment, economic stability
China’s plans for tax cuts targeting smaller companies will help to support employment and economic stability, and will expand the country’s tax base over the long term, Premier Li Keqiang was quoted as saying on Saturday.
Japan begins collecting departure tax to fund inbound tourism promotion
Japan started collecting a ¥1,000 departure tax on Monday from each traveler leaving the country in an effort to fund measures to attract more foreign visitors in the run-up to and beyond the 2020 Tokyo Olympics and Paralympics.
Tourism tax revenue to be distributed to Malaysia state government soon
The distribution of 50 percent of the 2018 tourism tax revenue will be made to all Malaysia’s state governments in the first quarter of 2019, courtesy of the federal government, according to Finance Minister Lim Guan Eng.
Finance Minister Scholz: Golden years over for German tax revenues
The golden years of German tax revenues regularly exceeding expectations are ending, Finance Minister Olaf Scholz told newspaper Bild am Sonntag.
Japan to begin collecting ¥1,000 departure tax from next Monday
Japan will start collecting from next Monday a departure tax of ¥1,000 for each person leaving the country by aircraft or ship regardless of nationality.
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.

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