Norway plans to buy electric planes, mimicking green car success

OSLO (Reuters) - Norway said on Thursday it wants to buy electric passenger planes in the coming years to help slow climate change, building on its success with big tax breaks that have made it the world leader in electric car sales.


Macron pushes for EU minimum price for carbon

BRUSSELS (Reuters) - Europe must set a minimum price for carbon, French President Emmanuel Macron said on Thursday, something that would require a new tax on imports from non-EU countries that are not doing enough to tackle climate change.


Do not panic if you cannot pay your tax bill

(The opinions expressed here are those of the author, a columnist for Reuters.)

Top News

Powell's Fed likely to raise rates, may upgrade 2018 outlook

WASHINGTON (Reuters) - The Federal Reserve is expected to raise interest rates at its first policy meeting under Chairman Jerome Powell and may signal more hikes are coming in response to tax cuts and government spending that could further stoke a robust


EU to unveil plan to tax turnover of big U.S. tech firms

BRUSSELS (Reuters) - The European Commission will propose rules on Wednesday designed to make digital companies pay their fair share of tax and set to hit U.S. tech giants such as Google and Facebook .


Zuma's tax chief ousted ahead of South Africa ratings decision

JOHANNESBURG (Reuters) - Mark Kingon was appointed acting head of South Africa's tax office on Tuesday, hours after President Cyril Ramaphosa suspended his predecessor and days before a Moody's review that could see the country lose its last investment-gr


Kering says Swiss activities tax-compliant

PARIS (Reuters) - French luxury goods group Kering has complied with its tax obligations in Switzerland, it said on Friday, responding to newspaper reports alleging that the company used a Swiss-based scheme to evade taxes on earnings from brands such as


Over 100 countries agree to seek digital tax consensus by 2020: OECD

PARIS (Reuters) - Some 110 countries have agreed to work towards forming an international consensus by 2020 on how to tax digital businesses across borders, the Organisation for Economic Cooperation and Development said on Friday.


EU to propose 3 percent digital tax on turnover of large firms: draft

BRUSSELS (Reuters) - Large companies with significant digital revenues in the European Union could face a 3 percent tax on their turnover under a draft proposal from the European Commission seen by Reuters.


White House seeks to make personal income tax cut permanent

WASHINGTON (Reuters) - The Trump administration and Republicans in Congress are seeking to make temporary personal income tax cuts passed last year permanent, White House spokesman Raj Shah said on Thursday, adding they could also lower capital gains tax

United States

U.S. solar forecast ratcheted down as tariffs weigh

(Reuters) - U.S. solar energy installations will grow slower than previously expected in the coming years due to the Trump administration's tariffs on panel imports and new federal tax laws that will restrict investment in the clean energy source, accordi


Panama Papers law firm Mossack Fonseca to shut down after tax scandal

PANAMA CITY (Reuters) - Mossack Fonseca, the Panamanian law firm at the center of the "Panama Papers" scandal, said on Wednesday it was shutting down due to the economic and reputational damage inflicted by its role in the global tax evasion debacle.


Britain to consider taxing digital giants' revenue

LONDON (Reuters) - Britain said it was considering taxing the revenues of internet companies like Facebook and Google until international tax rules are changed to cope with digital firms that can shift sales and profits between jurisdictions.


GM Korea asks for plant site to be designated foreign investment zone

SEOUL (Reuters) - General Motor on Tuesday asked South Korea to designate its factory site in the city of Bupyeong as a foreign investment zone to be eligible for corporate tax benefits, an official at Incheon Metropolitan City told Reuters.


Fiscal mess, tax hikes likely for New Jersey governor's first budget

NEW YORK (Reuters) - New Jersey Governor Phil Murphy is expected to unveil tax hikes for businesses or millionaires and the green light for marijuana sales when he proposes his first state budget on Tuesday.


Trump to visit Boeing plant in Missouri to tout impact of tax overhaul

WASHINGTON (Reuters) - U.S. President Donald Trump will visit a Boeing Co plant in St. Louis on Wednesday to tout the impact of the tax overhaul bill signed into law in December, a White House official said on Sunday.


Japan finance minister Aso says he has no intention to resign

TOKYO (Reuters) - Japanese Finance Minister Taro Aso said on Friday he had no intention now of stepping down to take responsibility for the resignation of the National Tax Agency chief, who came under fire for remarks about a suspected cronyism scandal.


Japan tax agency head set to resign amid cronyism scandal: source

TOKYO (Reuters) - Japan's National Tax Agency chief, under fire for remarks about a suspected cronyism scandal, is expected to step down, but his resignation looked unlikely to end the furor which threatens to erode Prime Minister Shinzo Abe's popularity.


New tariffs should be narrowed, says leading U.S. lawmaker on taxes

WASHINGTON (Reuters) - The top lawmaker on tax issues in the U.S. House of Representatives cautiously praised President Donald Trump's new aluminum and steel tariffs on Thursday, saying Trump had improved his original proposal by granting some countries a


GM CEO wants Congress to expand tax credit for electric vehicles

WASHINGTON (Reuters) - General Motors Chief Executive Mary Barra called on the U.S. Congress on Wednesday to expand a consumer tax credit for electric vehicles as the automaker said it would boost production of its EV Chevrolet Bolt in response to strong

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