With the GAFA tax, an acronym for Google, Apple, Facebook and Amazon, France becomes the first major economy to tax tech giants, defying US President Trump's probe that could trigger reprisal tariffs.
The new law aims at plugging a taxation gap
After the Trump administration has already missed an initial April 10 deadline for providing the tax records, US congressional Democrats set a new hard deadline of April 23 for the federal tax agency to hand the documents over to lawmakers.
The unprecedented move is likely to set off a huge legal battle between Democrats controlling the House and the Trump administration.
The European Union expanded its tax haven blacklist by 10 countries, adding the United Arab Emirates and Bermuda despite the objections of powerful member states.
In a statement, the high court of Catalonia, where the singer lives with her partner, FC Barcelona footballer Gerard Pique, said she had been summoned to appear before a judge in Esplugues de Llobregat.
Billionaire fortunes increased by 12 percent last year while the 3.8 billion people who make up the world's poorest half saw their wealth decline by 11 percent, says Oxfam in a report.
Germany's Finance Minister Olaf Scholz said he was expecting lower tax revenues that regularly exceeded expectations and weaker growth in 2019 as headwinds from trade frictions hamper exports.
A customs tax recently implemented in Egypt has hiked the prices of more than 300 items. And there’s been an unlikely victim, the cats of Cairo.
US President Donald Trump has upped the ante on China as his administration may be about to slap tariffs of up to 25 percent on an additional $200 billion in Chinese goods.
The Kenyan government is stuck between pleasing citizens and trying to secure a loan from the IMF in a bid to raise state revenues.
Enraged Jordanians continue to protest over a new tax bill backed by the International Monetary Fund even after King Abdullah replaced the prime minister.
The resignation of David Tuesta follows violent demonstrations because of rising living costs in Peru. Thousands took to the streets of the capital Lima calling for a national strike and for the removal of congress members.
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