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Reeves Sets Out Plans For Pensions Investing, Fiscal Review

by usoftax_admin | Jul 8, 2024 | Tax News

HM Treasury will work to direct pensions investment to British businesses, create a national wealth fund and conduct a fiscal review into government finances, Rachel Reeves said in her first public speech as chancellor on Monday.

EU Court To Rule On Lithuania Denying Corp. Tax Break

by usoftax_admin | Jul 8, 2024 | Tax News

A Lithuanian court asked the European Union’s highest court to determine whether Lithuania applies EU law correctly when blocking tax exemptions for dividends transferred to a parent company from a subsidiary in another EU country, a document published Monday...

Feds Seize $63M LA Estate Tied To Armenian Bribe Probe

by usoftax_admin | Jul 8, 2024 | Tax News

The U.S. Department of Justice said Monday that it will seize a $63 million Los Angeles estate that it claims was bought with bribe payments for the family of a former Armenian government official.

German Leaders OK Legislative Package With Tax Cuts

by usoftax_admin | Jul 8, 2024 | Tax News

Leaders in Germany’s three-party government agreed to a legislative package that would result in tax cuts if enacted, an outline of the agreed-to measures said.

Leftist Bloc That Wants To Tax Rich Wins French Election

by usoftax_admin | Jul 8, 2024 | Tax News

A left-wing bloc that promises to increase taxes on the rich won a plurality of seats in elections to the lower house of France’s legislature but fell far short of gaining an outright majority.
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