According to a report from the Financial Times, the EU’s new trade chief has told the United States to remove the imposition of tariffs on more than $7 billion EU products or face additional duties on exports to Europe, in… Read More ›
taxes
FCA facing $1.5 billion tax demand from Italian tax authorities
Fiat Chrysler Automobiles (FCA) has decided it will appeal Italy’s tax authority statement which says that the carmaker had underestimated the value of its U.S. business after it bought Chrysler. As per a source close to the matter at hand,… Read More ›
Larry Page and Sergey Brin step down from Alphabet Inc, Sundar Pichai takes the helm
Google Inc’s Chief Executive Sundar Pichai is set to replace Larry Page as Alphabet Inc’s CEO. Page and Sergey Brin will continue to distance themselves from playing an active role in the management of the company they co-founded 21 years… Read More ›
China to introduce stimulus measures, as U.S. trade action bites into its economic growth
Chinese Premier Li Keqiang has stated China will reduce the reserve requirement ratios (RRRs) for banks, and slash taxes and fees. Facing a multi-pronged trade action by the United States and the European Union, China, the world’s second largest economy… Read More ›
EU to decide on introducing taxes on digital companies by the end of 2018
French Finance Minister Bruno Le Maire expects the EU to take a stand on this issue by the end of this year. On the sidelines of the Globsec Tatra Summit in Slovakia, French Finance Minister Bruno Le Maire disclosed he… Read More ›
Linde Praxair deal hits antitrust hurdle, talks on
Earlier this month, the U.S. Federal Trade Commission (FTC) had demanded that Line sell off more assets than it had previously anticipated; the FTC also wanted prospective buyers to meet certain requirements. In a warning to investors, Linde has disclosed… Read More ›
MNCs poring over new U.S. tax code find loopholes to minimize their tax profile
While the new tax code was meant to simplify tax compliance, it has introduced more complications and ambiguity, all of which can be exploited. The tax-dodging strategies discussed here with comments from tax experts and lawyers are indicative of how… Read More ›
Trump’s attack on Amazon.com leads to $24 billion loss in market capitalization
As per news reporting service Axios, Trump is considering ways to rein in Amazon’s power. In the second instance of its kind, U.S. President Donald Trump came down heavily on Amazon.com Inc accusing it of benefiting unfairly from cheap rates… Read More ›
U.S. Chamber of Commerce warns against imposition of unilateral tariffs
The President of the U.S. Chamber of Commerce has warned that while the Trump Administration was right on it’s focus on China’s industrial policies and unfair trade practices which unfairly impacts the U.S. economy, the current tariffs approach will do… Read More ›
U.S. Congress approves 2.3% tax on U.S. medical devices
As per lobby groups from medical device makers, the re-imposition of the levy stiffles will once again stifle growth in the sector and slash jobs. Despite opposition from the medical manufacturing industry and a section of U.S. lawmakers, the U.S…. Read More ›
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