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BNET Business Dictionary
- Tax
- a charge levied by a government on individuals and companies to pay for public services. The amount of money required from a person or organization...
- Tax definition on BNET »
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- Hit By Tax Probe, UBS Halts Offshore Services
- By Kevin Drawbaugh and Rachelle Younglai WASHINGTON (Reuters) - UBS AG UBSN overhauled its offshore private banking business for U.S. residents on Thursday in the face of accusations by congressional investigators that the Swiss bank helped clients dodge taxes. In a dramatic hearing...
- News items 2008-07-17
- UBS Halts U.S. Offshore Services
- By Kevin Drawbaugh and Rachelle Younglai WASHINGTON (Reuters UK) - UBS AG UBSN overhauled its offshore private banking business for U.S. residents on Thursday in the face of accusations by congressional investigators that the Swiss bank helped clients dodge taxes. In a dramatic hearing on Capitol...
- News items 2008-07-17
- UBS to Stop Offshore Banking For U.S. Residents
- WASHINGTON (Reuters) - Swiss bank UBS AG UBSN will discontinue offshore banking and securities services to U.S. residents through its branches, a UBS executive said on Thursday at a congressional hearing on offshore tax havens. Mark Branson, chief financial officer for UBS Global...
- News items 2008-07-17
- Ex-Samsung Chief Given 3-year Suspended Jail Term
- By Rhee So-eui SEOUL (Reuters) - Former Samsung Group chief Lee Kun-hee, one of South Korea's most powerful businessmen, was handed a 3-year suspended jail sentence on Wednesday for tax evasion, but was cleared of other charges. The court also fined Lee 110...
- News items 2008-07-16
- BP Approves $1.5 Billion Oil Field Off Alaska
- By Yereth Rosen ANCHORAGE (Reuters UK) - Oil major BP BP has given final approval to spend $1.5 billion (752 million pounds) to develop the Liberty oil field in the Beaufort Sea off the northern coast of Alaska, BP officials said on Monday. The development will...
- News items 2008-07-14
- Continental Air Has $22 Million Gain on Special Items
- WASHINGTON (Reuters) - Continental Airlines Inc CAL said on Friday it recorded an after-tax gain of $22 million in the second quarter reflecting a number of special items. The company said it recorded a net gain of $78 million from the sale of...
- News items 2008-07-11
- China Market Sees Signs of Economic Policy Easing
- By Eadie Chen BEIJING (Reuters) - A flurry of visits by Chinese leaders to cities hit by sluggish exports and a reported tax rebate for textile exporters are being interpreted by the market as signals that Beijing might cautiously ease tight economic ...
- News items 2008-07-09
- Paris Keeps ECB Under Pressure Pre-eurozone Talks
- PARIS (Reuters) - France said on Monday it hoped the latest rise in euro zone interest rates was a one-off, setting the stage for a meeting where European Central Bank chief Jean-Claude Trichet will explain the move in person to the ...
- News items 2008-07-07
- Vodafone Wins Tax-avoidance Battle
- LONDON (Reuters UK) - Mobile phone group Vodafone VOD on Friday won a test-case tax battle which means it does not have to pay extra corporation tax to the government on its Luxembourg-based subsidiary. Mr Justice Edward Evans-Lombe ruled in Vodafone's favour in the High...
- News items 2008-07-04
- Tax Credit to Save UBS From Another Hefty Loss
- By Sven Egenter ZURICH (Reuters UK) - Battered Swiss bank UBS UBSN said on Friday it should be saved from another hefty loss in the second quarter by a large tax credit, giving a much-needed boost to its share price. UBS, which has written $37 billion...
- News items 2008-07-04
- Tax Credit to Save UBS From Hefty Loss
- By Sven Egenter ZURICH (Reuters) - Battered Swiss bank UBS said on Friday it should be saved from another hefty loss in the second quarter by a large tax credit, giving a much-needed though short-lived boost to its share price. UBS, which has...
- News items 2008-07-04
- U.S. Businessman Freed After 10 Years in China Jail
- SHANGHAI (Reuters) - A U.S. businessman has been paroled after spending more than 10 years in a Chinese prison on charges of tax evasion and fraud, in a case top U.S. officials raised in talks with China on human rights. Jude Shao, a...
- News items 2008-07-03
- H&R Block Results Beat Estimates, Stock Soars
- NEW YORK (Reuters) - Tax preparer H&R Block Inc HRB said on Monday it swung to a quarterly profit from a loss, beating estimates and driving the stock 6.6 percent higher, as revenue rose 11 percent. The company, rejuvenated by the sale of...
- News items 2008-06-30
- Majors Say Speculators Not to Blame For Oil Price
- By Tom Bergin MADRID (Reuters) - The heads of some of the world's biggest oil companies countered on Monday OPEC claims that speculators were driving high oil prices, blaming instead a dearth of new supplies. The chief executives of Royal Dutch Shell Plc...
- News items 2008-06-30
- Fuel Tax Hike Delayed
- By Sumeet Desai LONDON (Reuters UK) - The government postponed on Wednesday a rise in fuel duty planned for October for at least another six months because of soaring world oil prices and in a bid to keep the headline rate of inflation down. The widely...
- News items 2008-07-16
- Vodafone to Challenge India Tax Change in Court
- NEW DELHI (Reuters UK) - Vodafone Group VOD will seek next week to challenge a retrospective change to Indian tax law as it fights a $2 billion (1.01 billion pound) tax bill on its purchase of a controlling stake in an Indian mobile operator last...
- News items 2008-06-20
- Don't Forget to Add the Tax(onomy)
- Information Architecture IA involves the structure, organization and navigation elements of a site. A good IA will ensure that employees using one's intranet will be able to find the information on the site once they are there. And for those administering the site, a solid IA will make managing the...
- White papers
- Organized Crime Imposes Fraud Tax on NY Drivers - Reforms Needed to Close Loopholes
- This paper identifies the way to deal with fraud in auto-insurance sector. Two million dollars a day is stolen from honest New York drivers, according to the Insurance Information Institute (I.I.I.). The best way to combat auto insurance fraud is to take the economic incentive out of this crime. The...
- White papers
- Franchise Tax Board Sacremento, California
- The need for sustainable design and energy conservation in California has become increasingly important. As progressive agencies, the Department of General Services and the Franchise Tax Board sought ways to use renewable energy sources to satisfy their energy needs, implement the Blue Print and meet the Executive Order's goals. After...
- Case studies
- State Agency Uses Tax Dollars Wisely
- The Oregon Department of Administrative Services DAS is the central administrative agency of state government, working to, effectively implement policy and financial decisions made by the Governor and the Oregon Legislature. When DAS began experiencing high energy use in their own Public Service Building and problems with their HVAC system...
- Case studies
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