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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 Faces Pension-fund Challenge
- LONDON (Reuters UK) - The government faces a legal challenge over tax on pension funds, which if successful, could see hundreds of million of pounds returned to occupational pension schemes, a pension lobby group said on Monday. The Wheels Common Investment Fund, an 8 billion pound...
- News items 2008-05-12
- Darling to Borrow 2.7 Billion For Tax Cuts
- LONDON (Reuters UK) - The government on Tuesday raised the basic income tax free allowance for this fiscal year at a cost of 2.7 billion pounds as it tried to end a furore over the abolition of a tax rate that helped low earners. The changes...
- News items 2008-05-13
- 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
- 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
- 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
- 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
- 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
- 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
- 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
- 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
- In the Newsday Sweepstakes, the Smart Money is on Murdoch
- (Update: Over the weekend, Murdoch's News Corp. abruptly withdrew its offer and Cablevision was reportedly closing in on its deal to acquire Newsday. So much for the smart money!) The Clash of the Titans for control of Long Island-based daily Newsday has gotten...
- Blog posts 2008-05-08
- 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
- Great Lakes Airlines Fills Fewer than 50% of Seats
- Pop quiz: How can an airline fill less than half of its seats and still post a $19 million profit for the full year of 2007? Go ahead and take a bow. It's thanks to your tax dollars. Great Lakes Airlines has become the...
- Blog posts 2008-05-13
- 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
- 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
- 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
- Enterprise Inns Profit Falls
- By Mark Potter LONDON (Reuters UK) - Enterprise Inns (ETI), the country's second-biggest pubs group, posted an 11 percent fall in first-half profit, in line with expectations, and said trading was likely to stay tough as consumers rein in spending. The firm also said on Tuesday...
- News items 2008-05-13
- 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
- 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
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