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    • Spain's Rajoy vows to cut tax, create jobs if re-elected
      Spain's ruling party will cut income tax and create two million jobs over the next four years if re-elected next month, center-right Prime Minister Mariano Rajoy told a campaign rally on Saturday. Rajoy's People's Party (PP) is expected to win a Dec. 20 election but without securing a parliamentary majority. "Spain is in no position to ex […]
    • Starboard urges Yahoo to drop Alibaba spinoff plan: WSJ
      (Reuters) - Yahoo Inc shareholder Starboard Value LP has urged the online media company to halt the plan to sell its stake in Alibaba Group Holdings Ltd due to the risk of incurring taxes on the sale, the Wall Street journal reported. The activist investor instead wants Yahoo to sell its struggling Internet business, the newspaper reported on Wednesday, citi […]
    • Republican Ted Cruz vows to abolish four U.S. cabinet agencies
      Republican White House contender Ted Cruz pledged on Tuesday that if he wins the presidency, he would eliminate four cabinet agencies, including the departments of Education, Energy, Commerce, and Housing and Urban Development. Cruz, who rolled out the plan in an opinion piece in the National Review magazine, reiterated his intention to eliminate the governm […]
    • Clinton charity, under pressure, will amend tax return errors
      By Jonathan Allen NEW YORK (Reuters) - The Bill, Hillary & Chelsea Clinton Foundation's flagship health project changed its mind again on Wednesday on the matter of its erroneous tax returns, saying it would refile them with the U.S. Internal Revenue Service after all. The Clinton Health Access Initiative (CHAI) said the decision to refile its 2012 […]
    • Ikea billionaire pays first Swedish income taxes since 1973
      The billionaire founder of flatpack furniture chain Ikea has paid Swedish income tax for the first time since he left the country in 1973, a report said Friday. Ingvar Kamprad declared income of 17.7 million Swedish kronor (1.9 million euros, $2 million), with 1.2 million kronor coming from work, according to the Dagens Nyheter daily. The Kamprad family repo […]