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    • Hungary plans new tax on Internet traffic, public calls for rally
      By Marton Dunai BUDAPEST (Reuters) - Hungary plans to impose a new tax on Internet data transfers, a draft 2015 tax bill submitted to parliament late on Tuesday showed, in a move that could hit Internet and telecoms providers and their customers hard. The draft tax code contains a provision for Internet providers to pay a tax of 150 forints (60 US cents) per […]
    • Hungary ruling party proposes cap on planned Internet tax: statement
      BUDAPEST (Reuters) - Hungary's ruling Fidesz party on Wednesday proposed setting a cap on a planned Internet tax that led to an outcry from the Internet and telecommunications sectors, which could face bills for hundreds of billions of forints under the original plan. "We think it is practical to introduce an upper limit in the same fashion and of […]
    • British Columbia sets new LNG income tax at 3.5 percent
      By Julie Gordon VICTORIA B.C. (Reuters) - British Columbia unveiled its long-awaited liquefied natural gas tax legislation on Tuesday, setting out a preliminary top rate of 3.5 percent, which the Canadian province said adds up to the most competitive total tax regime of any Western jurisdiction. The new tax, which applies to income from the liquefaction of n […]
    • Stocks edge lower; H&R Block sinks
      U.S. stocks are closing slightly lower, giving up an early gain. Tax preparer H&R Block slumped 6 percent after the company said that its attempt to sell a banking unit was getting bogged down. Hewlett-Packard ...
    • Overseas deal rules end one combo, alter another
      New government rules aimed at curbing overseas deals that cut corporate taxes appear to be working, just not entirely the way regulators intended.