Tax Rate News
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Norway announced it will raise taxes on oil companies by about 3 billion kroner ($520 million) a year to damp cost pressures and overheating in western Europe’s biggest oil producer.
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Warren Buffett, the billionaire chairman and chief executive officer of Berkshire Hathaway Inc., clashed with his long-time business partner over corporate taxes.
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Vodafone Group Plc may reap $100 billion from its investment in U.S. mobile-phone venture Verizon Wireless and the U.K. government probably won’t get a penny thanks to an automatic exemption.
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The origins of the offshore finance industry dates back to Vienna, Austria, in 1815, when Switzerland’s neutrality was established at the Vienna Congress.
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Goldman Sachs Group Inc. made its $820 million offer to take Ebix Inc. private as U.S. regulators intensify their probes of the insurance software maker, according to people familiar with the matter.
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Nissan North America Inc. favors legislation that “significantly simplifies” the U.S. tax code -- except for Sections 30C and 30D.
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Fortress Investment Group LLC, the first publicly traded private-equity and hedge-fund manager in the U.S., said first-quarter profit rose 75 percent because of higher fees paid to the firm for managing its funds.
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South Africa is considering reducing duties on power from non-renewable sources to counter the effects of a planned carbon-emissions tax on growth, the National Treasury said.
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Devon Energy Corp., the oil and gas producer that sold its overseas assets to focus on North America, will return $2 billion of those cash sales proceeds to the U.S. after a change in its tax status.
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Merck & Co., facing generic competition to what was once its best-selling drug, cut its full-year guidance in anticipation of lower sales and said it would start buying back as much as $15 billion in shares.
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