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UK 'Google tax' will target inter-company payments
A new British tax on companies that shift profits out of the country and into tax havens will target inter-company fees for services like use of intellectual property, according to a Treasury document seen by Reuters.
U.S. fracking bonanza to lift GDP by 1 percent by 2040: study
A surge of oil and gas production will drive the U.S. economy 1 percent higher in 2040 than it would have otherwise grown, and energy exports will only stoke the expansion, an independent study on energy policy concluded on Tuesday.
New Luxembourg leaks reveal Disney, Koch Industries tax deals
Tax deals that entertainment firm Walt Disney Co, commodities group Koch Industries and others agreed with the Luxembourg authorities were revealed on Tuesday by the International Consortium of Investigative Journalists (ICIJ).
Santander says not considering buyout of U.S. auto finance unit
Spain's Santander (SAN.MC) said it was not considering buying out the 28 percent of its U.S. auto finance business that is currently listed on the stock market after Bloomberg reported earlier on Tuesday the Spanish bank was mulling such a move.