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Obama to Make Campaign Pitch on Corporate Tax Avoidance

Jul 24, 2014 at 16:00 | Source: Bloomberg

President Barack Obama plans to go on the offensive against companies that use cross-borders mergers to escape U.S. taxes, accusing them of essentially renouncing their citizenship to shield profits. Speaking at a technical college in Los Angeles tod...

I-T sleuths raid Sahara HQ, GMR's Daredevil office

Jul 24, 2014 at 13:37 | Source: Indian Express - Cricket

Lucknow: ncome Tax department sleuths on Thursday conducted a raid at the head office of the Sahara Group, owner of IPL Pune team, at Aliganj here and scoured through documents related to the Indian Premier League. A 12-member team came to the offic...

China manufacturing activity at 18-month high

Jul 24, 2014 at 10:57 | Source: BBC

China's manufacturing activity grew at its fastest pace in 18 months in July, an initial survey by HSBC showed, the latest in a series of signs that the country's economy may be stabilising. The bank's purchasing managers' index (...

Glaxo shares slide as profits and sales fall

Jul 24, 2014 at 10:57 | Source: BBC

Shares in drug maker GlaxoSmithKline (GSK) are down 6% after its profits were hit by a fall in sales and the strong pound. The company reported a 23% fall in pre-tax profits to £986m from £1.29bn. In China, where the group's business has been ...

Need for Predictable Taxes, Contract Sanctity: Cairn India

Jul 24, 2014 at 10:00 | Source: NDTV Profit

Mumbai: As it looks at policy support to boost output from Rajasthan oil block, Cairn India on Wednesday called for predictable taxes and fiscal regime together with maintaining contract sanctity to aid production increase. Addressing the company&...

UBS Says French Tax Probe Bail at $1.48 billion Unwarranted

Jul 24, 2014 at 10:00 | Source: NDTV Profit

Zurich/Paris: Swiss bank UBS criticised a French hearings on Wednesday after bail was set at 1.1 billion euros ($1.48 billion) and it was placed under formal investigation over allegations it laundered the proceeds of tax evasion. "We were n...

Japan June Exports Slide in Warning Sign for Economic Outlook

Jul 24, 2014 at 10:00 | Source: NDTV Profit

Tokyo: Japan's exports unexpectedly fell in June for a second straight month in a worrying signal that weak external demand could continue to drag on the economy's recovery from a sales tax rise. Exports fell 2.0 per cent in June from...

Shiv Sena MP force feeding Muslim: Political goondagardi yet again?

Jul 24, 2014 at 07:10 | Source: FirstPost

Little doubt is left that there are many angles to the Shiv Sena MPs conduct in their present billet in New Delhi's New Maharashtra Sadan. While the first one is their "force feeding" an employee of the caterer, the second amounts to violat...

Whenever in problem, government looks at the judges: SC

Jul 24, 2014 at 03:45 | Source: FirstPost

New Delhi, July 23 (IANS) Criticising the government for substituting judges with subject experts without legal background in tribunals under its control, the Supreme Court said that whenever it is confronted with contentious issues it knocks at the ...

Hyderabad trust uses 'zakat' to promote education (Feature)

Jul 24, 2014 at 03:30 | Source: FirstPost

Hyderabad, July 23 (IANS) A Muslim trust here is showing the way how a collective system of 'zakat', an obligatory system of charity in Islam, can lift the community out of poverty and illiteracy.Though many organisations collect zakat and use it for...

Finance Ministry Examining Budget Proposal to Double Tax on Debt Mutual Funds

Jul 24, 2014 at 02:00 | Source: NDTV Profit

New Delhi: The Finance Ministry is examining to tweak the Budget proposal for hiking capital gains tax to 20 per cent for debt mutual funds following representation from the industry, Economic Affairs Secretary Arvind Mayaram said on Wednesday....

IMF says US growth will be a disappointing 1.7%

Jul 24, 2014 at 00:17 | Source: BBC

The International Monetary Fund has lowered its forecast for US economic growth for the second time this year. It also called for measures to help the poorest, suggesting a boost to the minimum wage and an expansion of tax credits. In its annual repo...

Conduct Non-intrusive Investigations: Jaitley to Tax Officials

Jul 24, 2014 at 00:00 | Source: NDTV Profit

New Delhi: In a step towards taxpayer-friendly regime, Finance Minister Arun Jaitley on Wednesday asked revenue department officials to adopt non-intrusive methods of investigation and impressed upon the need for skill development. The minister ...

Sena MP force feeding Muslim: Another example of political goondagardi?

Jul 23, 2014 at 22:49 | Source: FirstPost

Little doubt is left that there are many angles to the Shiv Sena MPs conduct in their present billet in New Delhi's New Maharashtra Sadan. While the first one is their "force feeding" an employee of the caterer, the second amounts to violat...

Sena MP forcing Muslim to eat: Another example of political goondagardi?

Jul 23, 2014 at 21:28 | Source: FirstPost

Little doubt is left that there are many angles to the Shiv Sena MPs conduct in their present billet in New Delhi's New Maharashtra Sadan. While the first one is their "force feeding" an employee of the caterer, the second amounts to violat...

Sena MP force-feeding Muslim: Another example of political goondagardi

Jul 23, 2014 at 20:35 | Source: FirstPost

Little doubt is left that there are many angles to the Shiv Sena MPs conduct in their present billet in New Delhi's New Maharashtra Sadan. While the first one is their "force feeding" an employee of the caterer, the second amounts to violat...

LS passes demands for grants, completes 2nd phase of budget

Jul 23, 2014 at 19:51 | Source: FirstPost

New Delhi: The Lok Sabha today passed a bill allowing the Central government to withdraw Rs 60.49 lakh crore form the Consolidated Fund to meet its expenditure during 2014-15, thus completing the second phase of the budgetary exercise.The Lower House...

Sena MP force-feeding Muslim: Another example of political goondagardi?

Jul 23, 2014 at 19:40 | Source: FirstPost

Little doubt is left that there are many angles to the Shiv Sena MPs conduct in their present billet in New Delhi's New Maharashtra Sadan. While the first one is their "force feeding" an employee of the caterer, the second amounts to violat...

Boeing profits from sales boost

Jul 23, 2014 at 18:57 | Source: BBC

Boeing's profits from April to June were boosted by a strong commercial aircraft sales, the company has said. Net profits rose 52% to $1.65bn (£1bn) from the same period last year. During a quarter which saw the firm deliver its first Dreamline...

Glaxo profits hit by fall in sales

Jul 23, 2014 at 17:37 | Source: BBC

Drug maker Glaxosmithkline (GSK) has reported a 23% fall in pre-tax profits to £986m from £1.29bn. The company has been hit by a fall in sales and the strong pound which reduces the impact of overseas profits. The group has seen a 10% fall in its d...

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