Argentina's tax chief said Monday that the country demands HSBC Holding PLC to repatriate 3.5 billion U.S. dollars as the bank's Argentine branch moved offshore to help clients evade taxes and move capital abroad.
The threshold of the personal income tax should be raised from 3,500 yuan ($557) to 5,000 yuan or above to offset the rising living cost, a national legislator said.
Italian Economy Minister Pier Carlo Padoan on Monday signed a treaty with his Swiss counterpart Eveline Widmer-Schlumpf which marks the end of bank secrecy and helps identify potential tax evaders.
Tax breaks for small and micro-sized businesses in China amounted 61.2 billion yuan (10 billion U.S. dollars) in 2014, the State Administration of Taxation (SAT) revealed.
China's finance and taxation authorities on Monday announced that consumption tax on oil products would be raised from Tuesday.
The nation's top health authority is pushing for a hike in the cigarette tax and retail prices to curb smoking in China, the world's largest tobacco producer and consumer, a senior health official said.
The new resource tax on coal has been deemed a crucial push for reforming the industry, presenting an opportunity for a better local taxation system.
Ireland said on Tuesday its tax take for the first 11 months of the year is 38.16 billion euros (47.23 billion U.S. dollars), 1.13 billion euros or 3 percent ahead of target.
China, the world' s leading coal producer and consumer, is to levy resource tax on coal on the basis of sales instead of production from Dec. 1, in a move to shore up the dim industry and improve the deteriorating environment.
Chinese taxation authorities pledged to step up supervision of multinational companies on Monday in a campaign to crack down on tax avoidance.
Vietnam's Ministry of Finance on Tuesday issued a dispatch on procedures to exempt tax for Credit Guarantee and Investment Facility (CGIF), a trust fund with contribution of 10 members of the Association of Southeast Asian Nations (ASEAN) together with China, Japan, Republic of Korea ( ASEAN+3) and the Asian Development Bank.
Japanese Prime Minister Shinzo Abe and Finance Minister Taro Aso has agreed to delay a planned sales tax hike and make the postponed tax change unconditional on certain economic situation, local report quoted government officials as saying Tuesday.
Japanese Prime Minister Shinzo Abe is expected to announce the postponement of the planned sales tax hike and call a lower house election on Dec. 14 on Tuesday, local media reported citing ruling coalition official as saying.
Japan's gross domestic product shrank an annualized 1.6 percent in the third quart of 2014, said a government data released Monday, marking the second straight quarter of economy retreat.
News Analysis: Japan's PM likely to call snap election, delay 2nd tax hike, as economy slips into recession by Jon Day, Liu Tian
Japanese Prime Minister Shinzo Abe is mulling to dissolve the House of Representatives, or the lower house in the bicameral Diet, and call an election by the end of this year in efforts to address sales tax hike issue, according to local reports Tuesday.
51 economies signed a pact in Berlin on Wednesday to exchange financial information in order to fight against tax evasion.
简体中文
