The lawsuit is drawing loads of eyeballs since it could set a precedent for MNCs over their transfer pricing mechanism. In a lawsuit, closely watched by tax experts, that marks a growing signs of tension between the U.S. Internal Revenue… Read More ›
taxation
Blackstone Group LP in advanced talks to acquire Thomson Reuters’ F&R business for more than $17 billion
Thomson Reuters’ Financial and Risk business accounts for more than 50% of the group’s total revenues. As per 3 sources familiar with the matter at hand, Blackstone Group LP, a private equity firm, is in advanced talks to With Thomson… Read More ›
Saudi Arabia’s 2018 budget to focus on economic development and expansion
Saudi Arabia wants to diversify and wean its economy from the singularity of oil exports. Its budget is expected to largely follow this framework. As per a senior official from Saudi Arabia’s Minitry of Finance, the Kingdom’s 2018 budget, scheduled… Read More ›
Looks like Britain is in a hurry to lose its financial clout
Cultivated and cultured for decades, Britain has since long been a center for finance for the world over. If its nonchalant unpreparedness that it has demonstrated in the Brexit negotiations so far is of any clue, it risks losing its… Read More ›
YouGov projection forecasts Theresa May losing the June 8 elections
May’s rating took a downward slide when she revealed her tax strategy for the elderly which opponents dubbed as “dementia tax”. As per a YouGov projection, British Prime Minister Theresa May could lose in Britain’s June 8 election. As per… Read More ›
Apple highlights its past, present and future U.S. job creation history
This significant move comes at a time when lawmakers are reviewing U.S. tax policies to bring back accumulated profits from overseas at lower tax rates. Apple’s Chief Executive Officer, Tim Cook has disclosed that Apple plans on creating… Read More ›
Amazon wins $1.5 billion tax case with IRS, negatively skews its domestic and European tax profile
With the judgement of the case being delivered less than a week before the end of the coming financial year, its tax profiles could be significantly affected. In a significant win for Amazon.com Inc, the world’s biggest online retailer has… Read More ›
Paris charms London’s bankers looking to relocate following Brexit
Although French labour and tax laws are certainly a consideration, what the bankers will also have to factor in, in their decisions for relocation is Parisian charm and finesses after all “When was the last time you took your partner… Read More ›
Wind power gains prominence at the expense of solar
The new administration in the United States is promoting wind power at the cost of solar through extended tax cuts. With the U.S. Congress extending generous tax credits for renewable energy projects, wind industry in the country is thriving. However,… Read More ›