Capital Gains News
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Kenya’s shilling fell to the lowest in almost three months against the dollar as the country said it plans to bring back a capital-gains tax and the stock market extended its losing streak to the longest in 18 months.
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Kenya is considering reinstating a tax on capital gains as part of its efforts to increase revenue and plug the budget deficit, Finance Ministry Permanent Secretary Joseph Kinyua said.
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Talks between Switzerland and the European Union on corporate tax rates are progressing, officials said today.
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California lawmakers sent Governor Jerry Brown a $96.3 billion budget tempered by his restrained revenue estimates, even as higher taxes have given the most- populous U.S. state its first surplus in almost a decade.
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California’s Senate passed a $96.3 billion budget with spending tempered by Governor Jerry Brown’s restrained revenue estimate, even as higher taxes have given the most-populous U.S. state a surplus for the first time in almost a decade.
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Tullow Oil Plc, a U.K. oil and gas explorer, said a London court ruled in its favor and against Heritage Oil Plc in a dispute over a tax bill in Uganda.
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Switzerland will join the international push against tax dodgers and help develop global standards allowing banks to share customers’ details to combat tax evasion, its finance minister said.
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Leslie and Scott Tyree backed out of a contract in 2011 to buy a weekend place in Hilton Head, South Carolina, fearing they’d be anchored to a sinking market for second homes. This year, the West Virginia couple pounced on a listing in the same resort town without visiting the property.
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California lawmakers are set to send a $96.3 billion budget to Governor Jerry Brown with spending tempered by his restrained revenue estimate, even as higher taxes have given the most-populous U.S. state a surplus for the first time in almost a decade.
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Edward Lampert used $393 million of shares in AutoNation Inc. to meet client redemptions from his main hedge fund, whose investment in Sears Holdings Corp. has led to volatile returns.
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