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Chinese team heads to Washington to salvage trade talks

Efforts to end a U.S.-China trade war are in shambles after the United States accused China of reneging on its commitments and prepared to raise import taxes on $200 billion worth of Chinese goods. .....»»

Category: smallbizSource: nytMay 7th, 2019

UBS accused of Bond movie tactics in Paris tax-dodging trial

UBS Group AG goes on trial in Paris on Monday accused of encouraging rich clients to stash cash overseas to evade French taxes by deploying tactics “worthy of James Bond.”.....»»

Category: topSource: moneycentralOct 8th, 2018

UBS accused of Bond movie tactics in Paris tax-dodging trial

UBS Group AG goes on trial in Paris on Monday accused of encouraging rich clients to stash cash overseas to evade French taxes by deploying tactics “worthy of James Bond.”.....»»

Category: topSource: moneycentralOct 8th, 2018

Here"s how an accused crypto fraudster known as the "CryptoQueen" allegedly started a $4 billion Ponzi scheme and went on the run with 230,000 bitcoin

Ruja Ignatova, the cofounder of the now-defunct OneCoi.....»»

Category: dealsSource: nytMay 18th, 2021

"Champions League of tax avoidance:" Uber used 50 Dutch shell companies to dodge taxes on nearly $6 billion in revenue, report says

Uber claimed a $4......»»

Category: topSource: businessinsiderMay 12th, 2021

Ted Cruz"s threat to "woke CEOs" was "the most openly corrupt thing any Senator has said," ethics expert says

"This time, we won't look the other way on Coca-Cola's $12 billion in back taxes owed," Cruz wrote in a threat to "woke CEOs." "This may be the most openly corrupt thing any Senat.....»»

Category: worldSource: nytMay 4th, 2021

Need to Know: Get ready for $178 billion of selling ahead of the capital-gains tax hike. These are the stocks most at risk.

Some stocks are particularly exposed to rises in capital-gains taxes......»»

Category: topSource: marketwatchApr 23rd, 2021

"Hell no, don"t raise them!": Manchin dismisses GOP-favored gas taxes and user fees to pay for infrastructure

A GOP-led bloc is assembling an infrastructure proposal ranging from $600 billion to $800 billion, possibly paid for.....»»

Category: topSource: businessinsiderApr 21st, 2021

Nike responds to report on taxes, says it paid $9.1 billion since 2016

Two weeks after the publication of a report that said Nike hadn't paid federal income taxes in three years, the sportswear giant late Friday said it has paid more than $9.1 billion in U.S. taxes since 2016......»»

Category: topSource: bizjournalsApr 16th, 2021

Senate Republicans are drafting their own infrastructure plan and want to tax people for it, not corporations

The package may come in at $600 billion to $800 billion and would likely avoid hiking taxes on corporations.....»»

Category: topSource: businessinsiderApr 15th, 2021

Nike, FedEx, and 24 other companies with $77 billion of combined income have avoided paying taxes for years, a new report found

55 of America's biggest companies paid $0 in fe.....»»

Category: personnelSource: nytApr 2nd, 2021

The richest 1 percent dodge taxes on more than one-fifth of their income, study shows

Those at the very top of the income spectrum deny the U.S. government roughly $175 billion a year in revenue, researchers estimate......»»

Category: worldSource: nytMar 26th, 2021

5 of the biggest for-profit colleges that were accused of defrauding their students

The DOE just canceled $1 billion of student debt, but that was just for pending claims. Thousands of other defrauded students c.....»»

Category: smallbizSource: nytMar 23rd, 2021

Drug companies seek billion-dollar tax deductions from opioid settlement

Four companies that agreed to pay a combined $26 billion to settle claims about their roles in the opioid crisis plan to deduct some of those costs from their taxes and recoup around $1 billion apiece......»»

Category: topSource: washpostFeb 12th, 2021

Dominion is suing Rudy Giuliani, seeking $1.3 billion in damages, after he spread the conspiracy theory that the vote-machine company rigged the election

Dominion accused Giuli.....»»

Category: dealsSource: nytJan 25th, 2021

: Netflix paid just $4.4 million in U.K. taxes in 2019 despite reaping $1.3 billion from subscribers

Netflix reaped an estimated £940 million ($1.3 billion) from British subscribers in 2019 but the streaming giant paid just £3.2 million in U.K. corporation taxes that year......»»

Category: topSource: marketwatchJan 22nd, 2021

Banks could pay $11 billion more in taxes if Biden rolls out his campaign"s corporate tax proposal

Big banks could face an $11 billion tax increase under Biden's tax proposal, a reversal from the billions saved under Trump's 2017 tax cuts. U.S. .....»»

Category: topSource: businessinsiderJan 11th, 2021

CityWatch: House stimulus bill could send $34 billion to New York state

Closure of entire segments of New York City’s economy have dried up revenue from sales, business and personal income taxes......»»

Category: topSource: marketwatchMay 13th, 2020

WeWork co-founder sues SoftBank over failed deal

WeWork co-founder Adam Neumann has accused one-time ally Softbank of abuse of power, filing a lawsuit against the company on Monday for pulling a deal to buy $3 billion of WeWork's shares from investors. Gloria Tso reports......»»

Category: videoSource: reutersMay 5th, 2020

Analyst says Ford needs to "rip the Band-Aid off" after $2B loss: What he means

Ford said Tuesday its first-quarter earnings before interest and taxes was negative $632 million, down from $2.4 billion in the first qua.....»»

Category: topSource: usatodayApr 29th, 2020