A Tax Justice Network report suggests governments could gain an extra $500bn annually by taxing multinational profits where economic activity occurs, not in tax havens. UN talks in New York aim to establish a global standard by late 2027, despite past US opposition.
Ypsilanti Township residents and officials are fiercely opposing a proposed AI data center, citing environmental and community concerns, and its link to the US nuclear weapons program. The opposition intensified, with a township treasurer resigning in tears over a similar project in Saline Township, and Ypsilanti leaders vowing to "fight to our very last breath" against the facility.
A survey by the Fair Tax Foundation reveals 67% of Britons want higher digital services taxes on global tech giants like Meta and Google to increase their UK tax contributions. The UK's 2% digital services tax, introduced in 2020, raised £800m in 2024-25 but faces criticism and US opposition.
Italy's tax system struggles with low fiscal compliance among the self-employed, despite efforts to combat evasion. The UPB highlights inefficiencies in tax collection, particularly for local administrations, and disparities in treatment between different income types. Corporate taxes have increased, especially for banking and insurance sectors, while business incentives are seen as a disorganized complex of measures needing reform.
SEOUL, May 7 (Yonhap) -- An appeals court on Thursday upheld a lower court rulin...
At Berkshire Hathaway's 2013 annual meeting, Warren Buffett and Charlie Munger explicitly rejected corporate tax inversion strategies after Andrew Sorkin asked about Pfizer's potential overseas move. Buffett stated Berkshire would not consider moving overseas to avoid taxes, with Munger calling it 'crazy' to become as prosperous as Berkshire while eliminating tax obligations. Buffett emphasized America's role in Berkshire's success and stated the company does not begrudge paying US taxes, though it legitimately uses tax credits for low-income housing and renewable energy.
