Wednesday, January 19th, 2022

Tag: tax

BP and Shell could face windfall tax as UK energy bills spike

The main opposition Labour Party this weekend called on Prime Minister Boris Johnson to impose a windfall tax on companies pumping oil and gas from the North Sea, saying that the money raised could...

Chinese Premier Li Keqiang urges more tax cuts to boost China’s slowing economy

“Our country’s economy is facing new downward pressures,” Premier Li Keqiang told financial and tax officials at a meeting Wednesday in Beijing, according to the government news agency Xinhua. “It is necessary … to...

Chinese ‘live-streaming queen’ Viya hit with huge tax evasion penalty

Chinese live-stream shopping influencer Huang Wei, known as Viya, has received a $210 million penalty for tax evasion and has been kicked off social media. It’s the largest penalty ever imposed on a live-streamer,...

San Francisco crime surge prompts city to suspend cannabis tax to help dispensaries versus drug dealers

City supervisors in San Francisco unanimously approved an ordinance suspending the city’s business tax on cannabis retailers last week. San Francisco Supervisor Rafael Mandelman, who penned the ordinance, said in a statement to the...

Bob Brockman’s mind sharp enough for tax trial, U.S. expert testifies in court

HOUSTON — A prominent forensic psychiatrist testified that billionaire Robert Brockman is feigning dementia as a “magic bullet” to avoid trial on charges of evading taxes on $2 billion in income. Brockman, 80, is...

EV tax credits in Biden’s Build Back Better Act will help sell more cars than new chargers

President Joe Biden speaks during a visit to the General Motors Factory ZERO electric vehicle assembly plant, Wednesday, Nov. 17, 2021, in Detroit. Evan Vucci | AP DETROIT – Now that President Joe Biden’s...

Bob Brockman innocent of tax fraud charges, U.S. witness says in surprise testimony

“Did you tell the U.S. government you think Brockman is innocent and he did everything properly?” Brockman attorney Jason Varnado asked. “Yes,” Tamine answered.   “You told the government some information in the indictment...

Tesla CEO Elon Musk’s Twitter fight with Bernie Sanders on tax policy

U.S. Senator Bernie Sanders (I-VT) greets reporters as he arrives for a vote at the U.S. Capitol in Washington, U.S. November 1, 2021. Jonathan Ernst | Reuters Tesla and SpaceX CEO Elon Musk sparred...

Sen. Joe Manchin on union-built EV tax credit: Don’t pick winners and losers

“I wasn’t expecting anybody to speak out at this point. It was fantastic,” Gates said. He said he’s spent “countless hours” trying to get dealers engaged on the issue, but said he’s been hamstrung...

Sen. Joe Manchin speaking at Toyota event in West Virginia, calls union-built EV tax credit ‘wrong’

BUFFALO, W.Va. — The key swing senator who has already played an outsized role in shaping Democrats’ nearly $2 trillion Build Back Better Act told Automotive News that he opposes a planned provision to grant...