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Iran tax office says it met receipt target in 11 months

The Iranian National Tax Administration (INTA) said its receipts in the 11 months to late February had exceeded a target set for the calendar year to March 20.

UK rejects fresh calls for windfall tax on oil, gas profits

Britain’s Finance Minister Rishi Sunak has rejected fresh calls for a one-off tax on North Sea oil and gas profits despite millions of households facing a record-breaking increase to energy bills and as oil giant Shell reports bumper annual earnings.

Iran says nine-month tax receipts rise 60%

Iran reported a major surge in tax receipts between March and December 2021 as the government hopes it could easily meet an annual tax revenue target of more than $9 billion.

INTA estimates tax evasions costing Iran $4.5b a year

The Iranian National Tax Administration (INTA) estimated that tax evasions in the country can amount to around half of its revenues at around $4.5 billion as the government moves to crack down on tax cheats to offset revenue losses suffered because of US sanctions on crude sales in recent years.

Japan PM says has no plan to alter capital-gains, dividend taxes

Japan's new Prime Minister, Fumio Kishida, said on Sunday he won't seek to change the country's taxes on capital gains and dividends for now as he intends to pursue other steps for better wealth distribution, such as raising wages of medical workers.

Iran reports $2.91b in tax revenues for two months to late May

Figures by Iran’s Supreme Audit Court (SAC) showed that the government collected $2.91 billion in tax revenues in the two first months of the current Iranian year.

China says EU's planned carbon border tax violates trade principles

China said the European Union's plan to impose the world's first carbon border tax will expand climate issues into trade in violation of international principles and hurt prospects for economic growth.

How to reduce tax evasion and improve tax collection

By Ebrahim Rassam*

G20 signs off on tax crackdown, warns on virus variants

Finance chiefs of the G20 large economies endorsed a landmark move to stop multinationals shifting profits to low-tax havens at talks on Saturday where they also warned that coronavirus variants threaten the global economic recovery.

Ireland wants ‘compromise’ on Biden’s 15% global tax plan

Ireland, the European home of tech giants like Apple and Google, is looking to reach a compromise over global taxation that recognizes “the role of legitimate tax competition,” the country’s finance minister told CNBC.

G7 countries move closer to tax plan for US tech giants

G7 countries that make up lucrative markets for US tech giants have moved closer to a plan to squeeze more tax money from the coffers of Amazon, Apple, Facebook and Google.

G7 nations reach historic deal on global tax reform

The finance ministers of the most advanced economies, known as the Group of Seven, have backed a proposal that calls for corporations around the world to pay at least a 15 percent tax on earnings.

Home vacancy costing Iran dearly, empty homes estimated at $200b

An economic expert defended a new law adopted in Iran that seeks to impose hefty taxes on empty properties as he insists home vacancy is costing the country dearly with nearly $200 billion worth of assets left outside of the productive cycle of the economy.

US lawmakers brace for bitter fight over Biden tax plan

Lawmakers are bracing for a bitter fight over tax increases US President Biden is expected to propose in the coming days, which he says are necessary to pay for trillions in infrastructure and family support bills.

Mexico, latest destination to add a tourist tax

From destinations such as Bali and New Zealand, to cities such as Amsterdam, Venice and Edinburgh, the tourist tax is becoming nearly as commonplace for travelers as those pesky resort fees.