A committee of UK lawmakers has called on government to crack down on multinational companies that make substantial sales in Britain but pay little tax here, echoing demands from leaders across...
- Tue
- May 21, 2013
- Updated: 9:08pm
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Dozens of UK Starbucks branches will be turned into creches, refuges and homeless shelters, as direct action group UK Uncut hijacks the coffee outlets to highlight the chain's tax avoidance...
Governments globally are making strenuous efforts to streamline tax systems for small and medium-sized enterprises (SMEs) and to bring them to some semblance of uniformity.
Sinopec Shanghai Petrochemical has slashed its first-quarter net profit by 20 per cent after the local office of the State Administration of Taxation decided to strip the company of its...
Earnings to suffer once provisions are made, says expert
Profits of the nine state-owned firms that are facing back taxes will be hit this year as they need to set aside large...
Sichuan Chemical, the first H-share listing to be hit by mainland authorities' March directive on tax, will postpone its US$55 million float for at least two months, sources say.
Officials from listing candidate Sichuan Chemical have cancelled a promotional tour of Hong Kong and flown back to Sichuan after being unable to confirm how much tax the company would pay.
Hong Kong's status as the low-tax business centre of Asia was reaffirmed with a cut in profits tax of half-a-percentage point to 16 per cent.
The pats on the back the Government is receiving for its proposals to reform corporation tax are mainly its own.
The warm glow of self-congratulation on implementing a Budget promise...
The Government yesterday launched a public consultation document as part of its review of profits tax, possibly paving the way for a reduction in corporation tax from 16.5 to 15 per cent.
The first batch of nine H-share companies listed overseas will keep their 15 per cent corporate tax rate for last year and this year.
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