Tax

US lawmakers vote to release Trump's tax returns for 2015-20 period

The former US president broke with presidential tradition by refusing to release the records, triggering feverish speculation about what they might contain.

Biden inks landmark climate crisis, health care bill into law

The $700 billion Inflation Reduction Act aims to cut domestic greenhouse gas emissions, lower drug costs and tax corporations.

Spanish court rejects Shakira's appeal in tax fraud case

Prosecutors claim the Colombian singer was living in the northern Spanish region of Catalonia between 2012 and 2014 and failed to pay tax on her income during that time.

Biden to propose new minimum tax on US billionaires

The minimum tax would effectively prevent the wealthiest sliver of America from paying lower rates than families who think of themselves as middle class.

India unveils new crypto tax alongside ‘digital rupee’ pilot

During the Feb 1 budget speech, the Indian finance minister announced a 30 percent tax on any income from the transfer of virtual digital assets.

‘Tax us now’: Millionaires call out to global leaders

More than 100 billionaires and millionaires have urged political leaders at the World Economic Forum to tax the rich to collect funds to aid global economic recovery from the pandemic.

Europol: Over ten percent of global GDP is held in offshore accounts

Europol estimates that more than $8.46 trillion is held in offshore accounts globally with $1.69 trillion from within the European Union alone.

G20 leaders endorse global corporate minimum tax

Leaders attending G20 summit have endorsed the minimum tax on corporations as part of new global tax regulation in response to skyrocketing revenues of some multinational businesses.

G20 Summit opens with call for more vaccines for poor nations

Rich countries have used vaccines and stimulus spending to restart economic activity, leaving the risk that developing countries that account for much of global growth will remain behind due to low vaccinations and financing difficulties.

How the Taliban’s economic engine fueled it to power

Most of the group’s funds are drawn from opium production, mining, foreign donations and taxes on exports. Will that be enough to help it govern?

US probes record disclosure after report uncovers tax lives of titans

White House says “any unauthorised disclosure of confidential government information” is illegal after a ProPublica investigation indicated billionaires, including Jeff Bezos and Elon Musk, paid no federal income taxes in some years.

US state proposes wealth tax on billionaires

Lawmakers in Washington state are considering an income tax bill on its ultra wealthy residents - which includes Jeff Bezos and Bill Gates - in a bid to decrease income inequality.