taxes

American International Group Expects Losses After Natural Disasters

American International Group Expects Losses After Natural Disasters

According to Reuters, American International Group Inc. (NYSE: AIG) announced that it expects to book pre-tax losses of about $3 billion in the third quarter related to natural disasters, hurricanes Harvey, Maria and Irma. American International Gro..

Amazon to Pay Back Taxes Amounting to $300 Million

Amazon to Pay Back Taxes Amounting to $300 Million

European Union authorities have ordered Amazon.com, Inc. (NASDAQ: AMZN) to pay almost $300 million as back taxes to their member state Luxembourg. The EU said that the United States company has made massive benefits from the illegal tax arrange..

Amazon may get hit with EU’s Sales Tax Reform

Amazon may get hit with EU’s Sales Tax Reform

The European Commission is looking to propose a sales tax reform that is levied in the European Union to tackle fraud and curb companies’ excessive tax planning on Wednesday, which could definitely affect U.S. online retailer Amazon.com, Inc. ..

Smartphones to be Produced in India

Smartphones to be Produced in India

India has been growing an interest in developing smartphones but is up in the air right now since there is a lack of skilled labor and suppliers as well as a complex tax regime. Under the slogan ‘Make in India’, the Prime Minister aims t..

US Crude Stockpiles for a Third Week - Oil Prices tap session High

US Crude Stockpiles for a Third Week - Oil Prices tap session High

Government data that was released on Wednesday showed a decrease in US crude stockpiles for a third week in a row, causing oil prices to tap the highest levels of the session. There were also further gains in total domestic crude production, reveale..

Indonesia Targets 5% GDP Growth

Indonesia Targets 5% GDP Growth

Indonesia is targeting a comeback for its economy. Having  been weighed down by a decrease in spending and lack of investments in early 2017, the Parliamentary Budget committee has agreed the government's request to raise the target growth ..