As U.S. gas prices soar to their highest levels in four years, it’s becoming clear that the war in Iran has been very profitable for oil and gas companies. BP boasted about “exceptional” performance in the first quarter of this year, and TotalEnergies, which is based in France, announced $5.4 billion in net profits, Patricia…
A California tax preparer pleaded guilty yesterday to fraudulently including false information on federal income tax returns to get substantial refunds for his clients – and cause large tax losses to the U.S. Treasury – and COVID-19 business-relief loan applications to obtain money he used for unauthorized purposes. Kerwin Aldric Jordan, 71, of Castaic, California…
Investing.com — California voters are set to decide on a landmark tax initiative this November that could fundamentally reshape the state’s fiscal landscape. As first reported by the Wall Street Journal, the “2026 Billionaire Tax Act” has reportedly secured enough signatures to appear on the ballot, setting up a confrontation between labor unions and the…
The manufacturing sector’s contribution to tax revenue collections in Nigeria maintained an upward trend in 2025, contributing a total of N1.17 trillion in Value Added Tax (VAT), an increase of 45.61 per cent over the N803.53 billion in 2024. The sector’s Company Income Tax (CIT) contribution rose to N881.29 billion, marking a 32.83 per cent…
A German court has convicted the former co-owner of Panamanian law firm Mossack Fonseca — the subject of the International Consortium of Investigative Journalists’ Panama Papers investigation — for aiding and abetting tax evasion. Cologne’s regional court sentenced Christoph Zollinger, a Swiss-Panamanian dual national, to one year and nine months’ probation, according to ICIJ’s German…
WEEHAWKEN, NJ – OCTOBER 5: The sun rises behind buildings along Billionaire’s Row in New York City on October 5, 2025, as seen from Weehawken, New Jersey. (Photo by Gary Hershorn/Getty Images) Gary Hershorn | Corbis News | Getty Images A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank,…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Ken Griffin has hit back at Zohran Mamdani after the New York mayor last week used the hedge fund billionaire’s $238mn penthouse to push for a tax on luxurious second homes. Citadel, the firm founded…
Lawyers for President Trump on Friday asked a judge to extend a key deadline in his $10 billion lawsuit against the Internal Revenue Service, an attempt to give the Justice Department more time to figure out how to respond to the conflict-laden case. The Justice Department has yet to respond to Mr. Trump’s suit, which…
Shorouk Express The flood of untaxed and often unsafe goods prompted the European Commission to propose a temporary solution for the packages under €150 a month ago. This “de minimis” rule allows exporters like Shein and Temu to send products directly to consumers, often bypassing scrutiny. The EU has already received more packages in the…
Shorouk Express Residents, non-residents, salaried workers, the self-employed, landlords, retirees – there are various tax deadlines throughout the year that you need to be aware depending on your status in Spain. Make sure you have these dates in your calendar for 2026. While many people won’t need to be worried about tax deadlines just yet,…
