U.K., European and American banks plan to ask the British government for as much as 4 billion pounds ($5.2 billion) annually in tax breaks post-Brexit after paying billions in extra levies to the Treasury since the financial crisis, The Telegraph repoeted. Bank chiefs, who say they have received offers from EU countries for their business, hope to […]

IRS Volunteer Income Tax Assistance will offer free tax preparation and electronic filing for low and moderate-income people in Williamsburg, James City County and York County. Al Cummins, a spokesman, said all the volunteers are IRS certified. The only thing people need to do to receive help is come by with their income tax forms

President Vladimir Putin, on Friday. signed decree appointing members of the new Russian government. The new team was formed one week after the resignation of his ally President Vladimir Putin, on Friday. signed decree appointing members of the new Russian government. The new team was formed one week after the resignation of his ally Dmitry

Critics are subtly questioning the integrity of global accounting firm, PwC. This is because the firm’s Angolan unit audited the accounts of Angola’s state-owned oil company – Sonangol – during the same time the company’s former Chairwoman (Isabel dos Santos) allegedly embezzled up to $1 billion. The critics have also pointed out what they are saying raises conflict of interest concerns after PwC was found to have been auditing Sonangol’s accounts while at the same time collecting separate fees to render advisory services to the company

The 7.5 per cent Value Added Tax (VAT) increase will reduce sales and diminish profits, some big manufacturers and small business owners in the country have said.   Speaking exclusively to Daily Trust yesterday, the Vice President of the Abuja Chamber of Commerce and Industry (ACCI) in charge of commerce, Dr. Johnson Somadina Anene, expressed pessimism

The Economy Minister Diane Dodds has said a cut in corporation tax still “sits on the books as a policy idea”. Cutting the tax, which is applied to company profits, was for many years a key economic policy shared by the Stormont parties. On Tuesday, Finance Minister Conor Murphy said he was not actively pursuing

On Monday, January 13, 2020, the President, Major General Muhammadu Buhari (retd.) signed the 2020 Finance Bill into law. The Special Adviser to the President on Media and Publicity, Femi Adesina, confirmed this development in a statement in Abuja. According to the presidential aide, this is sequel to its passage by the National Assembly and

TRENTON, N.J. — The taxpayer tab for Gov. Phil Murphy’s task force investigating corporate tax breaks has reached $8 million, according to invoices obtained by The Associated Press. Murphy, a Democrat, set up the task force last year after two state reports raised concerns about how business tax breaks established under Republican Chris Christie were

The United Kingdom has offered a contract worth £100,000 ($130,000) for software that can identify when cryptocurrency is used to avoid paying taxes.  According to the contract posted by HM Revenue & Customs (HMRC), the organization is seeking a tool that will “support intelligence gathering methods” for identifying and clustering cryptoasset transactions and linking to their