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Transfield, News Corp and Exxon Mobil paid no tax in 2013-14
2015-12-17 07:27:12| Chemicals - Topix.net
Transfield Services, the controversial company running many of Australia's offshore immigration detention centres, had no tax payable in Australia in 2013-14, on its revenue of $2.8 billion and taxable income of $16 million. The list of over 1500 large corporate taxpayers has been published by the Australian Taxation Office, for the first time revealing how much tax some of the biggest companies operating in Australia pay.
Michigan House, Senate approve tax breaks to land Switch data center
2015-12-16 07:10:02| Furniture - Topix.net
Tax break bills that should help West Michigan land a $5 billion data center development project are headed to the desk of Gov. Rick Snyder. The state House broke a stalemate late Tuesday, modifying and approving bills to exempt data centers from sales and use taxes through 2035 if the industry meets collective job creation goals.
Coca-Cola could close Indian plants if 'sin tax' goes ahead
2015-12-15 16:20:52| Beverages - Topix.net
Coca-Cola would have " no option " but to consider shutting down some of its Indian factories if the government accepted a recommendation to place a significantly higher GST rate on aerated drinks. The company said that bracketing the segment alongside tobacco and expensive cars, which have also been slated for the 40% rate, would lead to a sharp decline in consumption and prompt it to review its manufacturing capacity.
Starbucks pays 8m tax as profits jump
2015-12-15 13:40:56| BBC News | Business | UK Edition
Starbucks UK has paid more than 8m in tax in the past 12 months on the back of record profits, the coffee chain says.
Tax Break for Home Short Sellers at Risk
2015-12-14 15:38:00| Real Estate - Topix.net
Last-minute negotiations in Washington have left real-estate agents and sellers nervous about the possibility that distressed homeowners could receive an unwelcome tax hit. Congress has yet to reach an agreement to extend a tax break that forgives taxes on owners who sell their home for less the remaining mortgage balance in what is known as a short sale.
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