Taxes
Congress OKs stopgap, broader budget battle begins
Mar 22, 2013 02:35 EDT
American lawmakers averted a feared government shutdown by approving a stopgap spending bill, but heated debate over future federal spending took shape as they clashed over budget plans.
Singapore denies being haven for Malaysian tax cheats
Mar 22, 2013 01:56 EDT
Singapore on Friday strongly rejected a whistleblower's allegation that its banks facilitate massive tax evasion by a powerful family in neighbouring Malaysia's Sarawak state.
Congress OKs stopgap, broader budget battle begins
Mar 21, 2013 22:00 EDT
US lawmakers approved a funding stopgap Thursday that prevents a government shutdown, but their clash over budget blueprints signaled a contentious debate over the future of federal spending.
Congress OKs budget stopgap, broader battle begins
Mar 21, 2013 17:11 EDT
US lawmakers approved a funding stopgap on Thursday to keep the US government operating through September and took a step towards adopting a blueprint for a decade of budget austerity.
US House OKs stopgap funding, approves Ryan budget
Mar 21, 2013 11:53 EDT
Congress approved a funding stopgap Thursday to keep the US government operating through September, while the House backed a Republican blueprint that lays out budget austerity for the next decade.
US Senate approves stop-gap funding bill
Mar 21, 2013 01:58 EDT
A bill to avert a US government shutdown has won passage from a divided US Senate after lawmakers cut deals on amendments, setting the stage for the president to sign it this week.
US Senate approves stop-gap funding bill
Mar 20, 2013 22:39 EDT
A divided US Senate came together Wednesday to approve legislation that avoids a government shutdown, with the compromise stopgap likely headed to the president's desk this week.
French budget minister steps down over Swiss account probe
Mar 19, 2013 15:19 EDT
French Budget Minister Jerome Cahuzac resigned on Tuesday after prosecutors announced a probe into a Swiss bank account he allegedly used to hide assets from the tax authorities.
French budget minister steps down over Swiss bank account
Mar 19, 2013 14:17 EDT
French Budget Minister Jerome Cahuzac resigned on Tuesday after prosecutors announced a full investigation into a secret Swiss bank account he allegedly used to hide assets from the tax authorities.
Cyprus minister 'seeks' extension to Russian loan
Mar 19, 2013 09:51 EDT
Cyprus Finance Minister Michalis Sarris was headed to Moscow Tuesday to seek an extension to an existing Russian loan, a top official said, as the debt-hit island battles to stave off bankruptcy.
Cyprus finance minister off to Russia for loan talks
Mar 19, 2013 06:28 EDT
Cyprus Finance Minister Michalis Sarris was heading to Moscow on Tuesday amid an explosion of anger in Russia at a EU bailout deal for the island that could see Russian investors lose billions of euros.
Cyprus new bailout plan drops tax on small savers
Mar 19, 2013 06:15 EDT
A revised Cyprus bailout plan drops a controversial tax on bank savings below 20,000 euros but retains the levy at 6.75 percent on deposits of 20,000-100,000 euros and 9.9 percent above 100,000, according to an amended tax bill seen Tuesday by AFP.
Cyprus tax on deposits 'dangerous': Kremlin
Mar 18, 2013 05:03 EDT
Russian President Vladimir Putin has called a proposed tax in Cyprus on bank deposits that comes as part of a EU bailout deal "unfair, unprofessional and dangerous," his spokesman said Monday.
Russian deposits of $20 billion face Cyprus tax
Mar 17, 2013 13:15 EDT
The controversial proposed tax on savings in Cyprus looks set to hit Russian pockets hard -- with experts estimating that Russian deposits in Cypriot banks amount to at least $20 billion.
Italian police seize Bulgari-linked assets
Mar 14, 2013 15:56 EDT
Italian financial police said Thursday that they have sequestered assets worth 46 million euros ($60 million) owned by executives at luxury group Bulgari accused of tax evasion.
Italian police seize 46 mn euros in Bulgari-linked assets
Mar 14, 2013 13:34 EDT
Italian financial police said Thursday that they have sequestered assets worth 46 million euros ($60 million) owned by executives at luxury group Bulgari accused of tax evasion.
Police seize 46 mn euros in Bulgari-linked assets
Mar 14, 2013 08:18 EDT
Italian financial police said Thursday that they have sequestered assets worth 46 million euros ($60 million) owned by executives at the luxury group Bulgari accused of tax evasion.
Obama huddles with Republicans on budget
Mar 13, 2013 18:41 EDT
President Barack Obama courted his Republican critics Wednesday in a bid to break a stalemate over sharp budget differences, with his main political rival calling the meeting a good start.
US budget deficit narrows in February
Mar 13, 2013 15:26 EDT
The US budget deficit for the month of February narrowed from a year ago, government data released Wednesday showed.
European equities close mostly in the red
Mar 13, 2013 13:33 EDT
European stock markets closed mostly in negative territory on Wednesday as traders cashed in recent gains and chewed over mixed eurozone inflation figures.
