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Amazon to pay 100 million euros to settle Italy tax dispute

Amazon to pay 100 million euros to settle Italy tax dispute
Reuters StaffAmazon to pay 100 million euros to settle Italy tax disputeAmazon will pay a total of 100 million euros (£88.4 million) to resolve the dispute, the tax agency said in a statement. In April, Milan tax police said it believed the world’s largest ...

HSBC prosecution threat in US lifted

HSBC prosecution threat in US lifted
HSBC is no longer under threat of prosecution in the US over allegations of money laundering in Mexico. It signed a deferred prosecution agreement (DPA) - a form of probation - with the US Department of Justice in 2012 to avoid facing criminal charges for ...

Kansas's ravaged economy a cautionary tale as Trump plans huge tax cuts for rich

Kansas's ravaged economy a cautionary tale as Trump plans huge tax cuts for rich
By Dominic Rushe in Topeka, Kansas Kansas slashed taxes at the top to try to spur growth – but the plan crippled the state’s finances and proved disastrous for its Republican governor Is Donald Trump about to turn America into Kansas? It’s a ...

ExxonMobil Australia 'failed to disclose links to Bahamas and Netherlands'

ExxonMobil Australia 'failed to disclose links to Bahamas and Netherlands'
By Gareth HutchenCall for public investigation into company’s opaque tax affairs after it paid no corporate tax for three years The Tax Justice Network is calling for a public investigation of ExxonMobil Australia’s tax affairs, saying the company has ...

South Korea Plans to Impose Income Taxes on Bitcoin Adopters

South Korea Plans to Impose Income Taxes on Bitcoin Adopters
South Korea’s National Tax Service (NTS) is pressing ahead with a framework to enforce taxes on cryptocurrencies including bitcoin. Run under the purview of Korea’s Ministry of Strategy and Finance, the National Tax Service is tasked to assess and collect ...

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