Posts Tagged ‘tax’

Same-sex spouses lose big on taxes

Same-sex spouses are paying as much as $6,000 a year in extra taxes because the federal government doesn’t recognize gay marriage, according to an analysis conducted for CNNMoney by tax specialists. View full post on Business Stories

Credit Suisse likely to settle U.S. criminal tax investigation

Tax lawyers said on Sunday that the second-largest Swiss bank would likely settle with Washington on an ongoing U.S. investigation of tax evasion by American citizens who are depositors in the bank. View full post on Banking Stories

Britons to be taxed on secret billions

Britons with billions of pounds hidden in Switzerland will pay tax at 50 per cent under a groundbreaking deal that will legitimise their undeclared assets View full post on UK Business Stories

Kingfisher hit but hopeful

TAX rises and government spending cuts in the UK hit B&Q owner Kingfisher but a strong overseas performance helped it to forecast profits at the top end of hopes. View full post on Business Stories

Israelis Ready To Do Battle Over Their Natural Gas Bounty

The Media Line Staff Jerusalem, Israel David Rosenberg – Israel’s social activists and its energy barons drew their swords Thursday as the fight over who will get what share of Israel’s natural gas windfall got underway. The lines of battle were laid out by a government commission, chaired by Hebrew University Professor Eytan Sheshinski, which […]

Support for tax agents could boost revenue

HM Revenue & Customs could boost tax revenues by providing more support to professional tax agents, a report has suggested. Related Stories Tax chief forced into apology Unpaid tax ‘not being written off’ Wealthy warned over offshore accounts Wolseley to move tax base to Switzerland Isa sales more than double View full post on UK […]

New states formula to end GST deadlock

With no consensus in sight for a model to implement the goods and services tax (GST), state governments have presented a modified version of the proposed regime that would enable states to enjoy discretionary fiscal powers without requiring Constitutional amendments on the road to the new tax framework. View full post on Business Stories

Lib Dems to crackdown on tax avoidance

Danny Alexander, Treasury chief secretary, has unveiled a “ruthless” crackdown on tax avoidance, telling the Liberal Democrat party conference the measures will recoup £7bn and make the deficit reduction more fair View full post on UK Business Stories