Norilsk Nickel appeals $44.5 million impact tax liability assessmentNorilsk Nickel has filed an appeal with the Krasnoyarsk Territorial Commercial Court stating that it was wrongfully accused of failing to pay 1.4 billion rubles ($44.56 million) in environmental taxes.15:31 17.05.2013
Internal Revenue Service head ousted over findings of political targetingAmerica’s top tax official Steven Miller has been ousted amidst the growing controversy surrounding findings that federal tax authorities has selectively reviewed applications for tax-exempt status based on their names and policy goals.07:25 17.05.2013
Medvedev fast tracks Putin's luxury taxPrime Minister Dmitry Medvedev has decided to introduce the new luxury tax sponsored by President Vladimir Putin two weeks earlier than planned. During the president's Q&A session with the public three weeks ago, Putin said that the tax should be introduced by November 1, and called it a matter of social justice.11:56 14.05.2013
US Senate passes bill allowing states to tax online salesThe US Senate has passed a bill that, if enacted, will give states the power to enforce sales tax laws on online purchases. The bill is pending the lower house hearing.14:17 07.05.2013
Latvian government to cut mala fide taxpayers out of free healthcare programThe Latvian government has approved the Healthcare Ministry's proposal to introduce a healthcare tax as part of the income tax.17:37 16.04.2013
Bill imposing luxury car tax reaches lower house of Russia's parliamentThe government has submitted to the State Duma amendments to the Tax Code, introducing an additional luxury tax on cars worth over 5 million rubles ($162,000) that was earlier approved by the government's legislative commission.15:03 01.04.2013
Government sponsors tax breaks for Far Eastern investorsThe government has sponsored amendments to the Tax Code, thus granting tax privileges to investors involved in projects in the Russian Far East, the Trans-Baikal Territory and Buryatia.14:37 01.04.2013
Russian account holders plan to sue Cyprus over loss of savingsSome Russian bank account holders intend to sue Cypriot authorities over the bailout decision which will strip people of a substantial part of their savings, Andreas Sofokleous, says the founder and managing partner of the Andreas Sofokleous & Co. law firm.13:01 28.03.2013
Tax on luxury cars approved by government's commissionThe Russian government's legislative commission has approved amendments to the Tax Code introducing an additional 'luxury' tax on cars worth more than 5 million rubles ($162,000).12:16 27.03.2013
Higher tax on deposits in Cyprus is legalized theft - opinionThe proposed bailout tax on bank accounts in Cyprus is "legalized theft," which contradicts international agreements and will be contested, Yury Pyanykh, says the president of the Association of Russian Businessmen in Cyprus.15:45 25.03.2013
Industrialists Union head proposes amnesty for foreign depositsBusinessman Alexander Shokhin, head of the Russian Union of Industrialists and Entrepreneurs, has proposed an amnesty for funds held by Russian nationals in foreign banks in contravention of the law.10:09 22.03.2013
Cyprus authorities agree to set up special fund to lower deposit levyCyprus will establish a special fund to raise cash for lowering the levy on deposits, a statement from the country’s government representative said on Thursday.19:29 21.03.2013
Medvedev proposes offshore zones in Russia's Far EastWith Cyprus caught in a financial crisis, Prime Minister Dmitry Medvedev has proposed creating an offshore zone in Russia's Far East.17:49 21.03.2013
Cypriot parliament rejects tax on deposits, asks Russia for loanParliament in Cyprus on Tuesday overwhelmingly rejected a bill aimed at charging steep levies on bank deposits, jeopardizing the country’s chances of securing a desperately needed international bailout.13:44 20.03.2013
Putin criticizes Cyprus' new "dangerous" savings taxPresident Vladimir Putin has called a new tax to be imposed on bank deposits in Cyprus "unfair, unprofessional and dangerous." Russians holding $18.3 billion worth of deposits in Cyprus could lose up to $2 billion.14:29 18.03.2013
300,000 self-employed Russians quit over tax hikesAlmost 300,000 self-employed Russians have quit business in Russia in the past three months due to social tax hikes, an Economics Ministry official said on Monday.15:28 11.03.2013
Russian lawmaker proposes blog advertising taxState Duma Deputy Sergei Zheleznyak has suggested amending the tax legislation, so as to tax bloggers for mentioning brands. He said the tax should be imposed on direct and indirect advertising.16:03 21.02.2013
Uzbekistan bans foreign currency tradingUzbekistan has made trading with foreign currency a criminal offense, Uzbekistan’s Tax Committee warned on Tuesday, the latest in a string of measures apparently aimed at preventing the global market slump from eating into the Central Asian republic’s reserves.17:10 05.02.2013
Supreme Commercial Court to consider Citibank tax issueThe Supreme Commercial Court will consider the Federal Tax Service's claim that Citibank's premium clients must pay taxes on the services that they received for free from the bank's partners.14:39 04.02.2013
Kyrgyzstan aims to strip Canadian gold firm of tax statusKyrgyzstan’s cash-strapped government wants to renegotiate its agreement with its largest foreign investor, Toronto-based Centerra Gold, and to end the company’s privileged tax agreement10:52 29.01.2013