Cum-ex tax fraud: German police carry out raids in four states
Frankfurt prosecutors say 170 officers were involved in raids on 19 premises in four German states. They are part of the decade-long investigation into tax fraud involving banks and stock-holders.
Okomu Oil’s Graham Hefer on the key drivers behind flat earnings
Okomu Oil Palm's full-year profit after tax dipped by 8.7 per cent to 8.5 billion naira in 2018. Graham Hefer, Managing Director, Okomu Oil Palm Company joins CNBC Africa to discuss the company’s 2018 earnings result.
China is said to plan $90 Billion cut in VAT for manufacturers
Premier Li Keqiang is due to deliver his annual report on economic policy on Tuesday at the annual National People’s Congress. The government is planning to cut the value-added tax rate that covers the manufacturing sector by 3 percentage points as part of measures to support the slowing economy, a person familiar with the matter said.
Hungary gives tax breaks to boost population, stop immigration
Prime Minister Viktor Orban has announced tax benefits and subsidies to encourage families to have more children. He said the policy was meant to create more Hungarians instead of promoting EU-backed immigration.
Germany books €11.2 billion budget surplus
Higher than expected tax revenue and lower spending have led to the surplus, the fifth in as many years. Still, no one is rushing to invest the extra cash, something critics say is desperately needed.
Germany mulls introducing 'mosque tax' for Muslims
The idea, similar to Germany's church tax, would aim to make mosques independent of foreign donors. Germany's government and progressive Muslim leaders have supported the idea.
France, Germany fight to save EU tech tax
The two countries want tech giants such as Google and Facebook to pay tax on digital revenue. But the idea faces opposition from a large contingent of the EU.
Canadian finance minister announces fiscal update
Canadian Finance Minister Bill Morneau unveiled the most fiscal support for Canadian businesses Wednesday since taking power, as his country grapples with trade uncertainty, plunging oil prices and U.S. tax cuts.
New York tax authorities probe Trump taxes from decades ago
New York state tax authorities have opened an investigation into allegations reported in the New York Times that President Donald Trump and his family created their real estate empire through “instances of outright fraud,” evading taxes on hundreds of millions of dollars.