The U.S. Senate on Monday passed legislation to allow states to collect sales tax from online and mail-order retailers, even if those retailers don't have a physical presence in the state. The legislation facilitates the collection of ...
Tags: U.S.Senate, Senate
The National Retail Federation – the world’s largest retail trade association –issued the following statement from NRF Chairman of the Board Stephen I. Sadove of Saks Incorporated and NRF President and CEO Matthew Shay on ...
Earthbound Farm Organic, a leading grower of organic produce in the US, is evaluating plans to sell the company, which is valued at approximately $700m. Earthbound Farm Organic has appointed Barclays to sell the company. The sale process ...
Tags: Earthbound Farm, Food
Textile exporters in Pakistan are experiencing severe financial crisis as much of their money is blocked with different Government departments, which are delaying refunds for sales tax, customs, local taxes and federal excise duty, Asghar ...
Tags: Delayed Tax, Textile Exporters
Apple has avoided over $9bn (£5.8bn) in US taxes through a debt deal, investors have estimated. The firm recently sold $17bn (£11bn) in Apple bonds, the largest offering of this sort in corporate history, with the idea of the ...
Tags: Apple, Computer Products
Google has been recalled to give evidence about its UK tax arrangements to parliament's Public Accounts Committee (PAC) for a second time. Google's auditor, Ernst & Young, will also be required to provide further evidence. It comes after ...
Tags: Google, Clarify Tax Questions
Clariant reported first quarter sales 2013 from continuing operations of CHF 1.526 billion compared to CHF 1.513 billion in the previous-year period, an increase of 2% in local currencies and 1% in Swiss francs. Organic growth of 2% was ...
Tags: Clariant, Construction
Private equity firm Sun Capital Partners has announced merging of five of its plastic packaging portfolio companies to form a single company Exopack Holdings, which will be based in Luxembourg. The combined revenue of all the merging ...
Tags: Sun Capital, Plastic Packaging
BASF increased its sales and income from operations (EBIT) before special items in the first quarter of 2013. At €19.7 billion, sales exceeded the level of the previous first quarter by 5%. Sales volumes grew particularly as a result ...
Tags: BASF, Construction
In the fourth quarter of 2012, the business investment rate was 19.7% in the euro area, compared with 20.0% in the third quarter of 2012. This fall was the result of investment decreasing (-1.7%) at a higher pace than gross value added ...
Tags: business investment, Euro Area
The overall tax-to-GDP ratio, meaning the sum of taxes and social contributions in % of GDP, in the EU27 stood at 38.8% in 2011, from 38.3% in 2010 and 38.4% in 2009. The overall tax ratio in the euro area (EA17) increased to 39.5% in 2011, ...
Tags: European Union, Tax-to-GDP
A handful of lawmakers have stalled the U.S. Senate from voting on legislation that would require large Internet and catalog sellers to collect state sales taxes from their customers. Supporters of the Marketplace Fairness Act still hope ...
Tags: Senators, Computer Products
The U.S. Senate has delayed a vote on an Internet sales tax until May, after a handful of senators blocked lawmakers from voting on the legislation this week. The Senate will again take up debate on the Marketplace Fairness Act after May ...
Tags: Senate, Computer Products
Rent-to-own powerhouse Aaron's Inc. said first-quarter revenues edged up 1.6%, reflecting slower than expected growth due to the January payroll tax increase and delayed income tax refunds. The company said lease revenues and fees rose 8% ...
Tags: Aaron, Furniture, Furnishing
Hancock Fabrics, Inc announced improved financial results for its fourth quarter ended January 26, 2013 and full fifty-two weeks of fiscal 2012. Fiscal 2012 financial results include: - Net sales for the year increased $6.0 million to ...
Tags: Textile