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- Russia's TNK-BP Wins Tax Refund Case
- MOSCOW (Reuters UK) - A Moscow arbitration court on Tuesday upheld a lower court ruling to refund BP's (BP) Russian venture, TNK-BP, 9.7 billion roubles (207.4 million pounds) it paid as value added tax in 2006, the firm said on Tuesday. The victory comes as Russia's...
- News items 2008-05-06
- Government Seen Risking Business Exodus Over Tax
- LONDON (Reuters UK) - Some of the biggest names in British business have told the government that it risks a corporate exodus if it presses ahead with tax proposals on foreign earnings, newspapers said on Sunday. The Sunday Times and Sunday Telegraph said a delegation ...
- News items 2008-05-04
- NYMEX & The Green Exchange: Good Start, Long Ways to Go
- The Green Exchange announced last week the opening week volume for the first ever exchange-traded options contracts for carbon offsets. During the April 21-25 trade week, counterparties transacted 1,150 certified emissions reduction options contracts. One contract is the equivalent of 1,000 CERs (or 1,000 tons of CO2-equivalent reductions), making the...
- Blog posts 2008-05-02
- Vic Govt Budget Forecasts Hefty Surplus
- The Victorian government is forecasting an $828 million budget surplus in 2008/09 as it spends $3.9 billion net on a capital works program and cuts business taxes.Looking ahead over the next four years, the budget papers predict an average surplus of $907 million with an average infrastructure spend of...
- News items 2008-05-06
- BP Makes Brazilian Play for Ethanol
- As reported last week, British Petroleum is acquiring a fifty-percent stake in Tropical BioEnergia SA, a joint venture established by Brazilian companies Santelisa Vale, the second-largest sugar cane crusher in Brazil, and Maeda Group, one of the largest cotton producers in the world, which is constructing a 435 million liter-per-year...
- Blog posts 2008-05-01
- Keep Emotion Out of Decision Making
- We've all had the experience of letting our emotions get the better of our actions. But in a business setting, emotional decisions can be costly -- and a quick way to lose your job. But how do you keep cool, calm, and collected in the high pressure...
- Blog posts 2008-05-07
- China May Agree 85% Iron Ore Price Rise
- China may concede to Australian demands to include a freight premium in iron ore price negotiations that could boost this year's price rise to 85 per cent, industry sources and a media report says.There is a strong view within the Chinese industry that miners will achieve the 85 per...
- News items 2008-05-06
- China Exporters Face Harsh 2008: Report
- Chinese exporters of labour-intensive products will be hit hard this year by weakening overseas demand, rising raw material prices and a stronger yuan, the Ministry of Commerce said in a report.Further reductions in export tax rebates should therefore be avoided for the light industry and textile sectors, the official...
- News items 2008-05-01
- In the Newsday Sweepstakes, the Smart Money is on Murdoch
- The Clash of the Titans for control of Long Island-based daily Newsday has gotten even more complicated in the past week as Cablevision Systems Corp. upped the ante from the competing $580 million offers by moguls Rubert Murdoch and Mortimer Zuckerman by almost 13 percent to $650 million. ...
- Blog posts 2008-05-08
- Govt to Recover Cost of Rich Tax Probe
- The federal government is on track to recoup at least all of the $305 million allocated to investigate the tax affairs of the nation's rich.Project Wickenby was established in 2006 to detect and disrupt international tax avoidance and evasion, with all $305 million in funding to be spread over...
- News items 2008-04-30
- Call For End to Company Car Tax Break
- Tourism and transport operators have joined environmentalists in calling for the axing of tax breaks for company cars.The Tourism and Transport Forum (TTF) and the Australian Conservation Foundation (ACF) have written to Treasurer Wayne Swan urging him to instead invest the money in public transport.The TTF is the peak...
- News items 2008-04-29
- Consumers Mark Tax Rebates For Bills and Savings
- By Nick Carey GIBSON CITY, Illinois (Reuters) - The first batch of taxpayers has already started to receive their federal tax rebates as part of the economic stimulus package, but very few consumers interviewed by Reuters in the past week said they ...
- News items 2008-05-07
- UBM Moves Tax Base to Ireland in Latest Snub to UK
- LONDON (Reuters UK) - Publisher and events organiser United Business Media has become the second large British company in a month to announce plans to move its tax base to Ireland to benefit from the country's less complex system. UBM (UBM) said in a statement on...
- News items 2008-04-28
- Tax Deduction Claims Growing, Says ATO
- Australians are claiming tax deductions at a greater rate, while more people are using the internet to lodge their tax returns, new Australian Tax Office (ATO) data shows.Some 11.5 million Australians dutifully lodged a tax return with the ATO for the financial year ending June 30, 2006, declaring a...
- News items 2008-04-30
- Millionaires' Appetite For Stocks Rising: Study
- By Jennifer Ablan NEW YORK (Reuters) - Millionaires view the U.S. economy as "very weak," but sense a resumption of growth in early 2009 and expect to buy stocks and real-estate in the latest indication that a recovery may be imminent, according to...
- News items 2008-04-29
- UBM Mulling Tax Move to Ireland: Report
- DUBLIN (Reuters UK) - Publisher and events organiser United Business Media Plc (UBM) is considering moving its tax base to Ireland from Britain, Ireland's Sunday Business Post reported. UBM (UBM) was not immediately available for comment. The report, which cited informed sources, said UBM could also...
- News items 2008-04-27
- Sun Micro Results Miss, Cites U.S. Economy
- SAN FRANCISCO (Reuters) - Sun Microsystems Inc (JAVA) posted on Thursday an unexpected quarterly net loss and decline in revenue, saying the U.S. economy presented it with significant challenges, sending its shares down 12 percent. The world's fourth-largest business computer maker reported ...
- News items 2008-05-01
- Zuckerman Submits $580 Mln Newsday Bid
- NEW YORK (Reuters UK) - New York Daily News owner Mortimer Zuckerman has submitted a $580 million (292.48 million pounds) bid for Tribune Co's Newsday daily newspaper on Long Island, New York, matching a bid by News Corp (NWSa) Chief Executive Rupert Murdoch, according to...
- News items 2008-04-25
- Shell and BP Profits Jump on Record Oil Price
- By Tom Bergin LONDON (Reuters UK) - Oil giants Royal Dutch Shell and BP beat forecasts with big rises in first-quarter profits on Tuesday, lifting shares across the sector, as investors bet oil prices above $100/barrel would be an even bigger bonanza for the industry...
- News items 2008-04-29
- Long Wish Lists For WA State Budget
- Tax reform, a children's hospital and hundreds more hospital beds are on West Australian wish lists for the boom state's election-year budget to be delivered on Thursday.Treasurer Eric Ripper lifted the operating surplus forecast for 2007-08 by almost $400 million to $1.83 billion, from $1.45 billion previously, when the...
- News items 2008-05-07
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