Trump’s company kicks off defense case in criminal tax fraud trial

Trump's company kicks off defense case in criminal tax fraud trial

NEW YORK, Nov 21 (Reuters) – Former US President Donald Trump’s real estate company began mounting a defense on Monday in its criminal trial on charges including tax fraud after the prosecution rested its case, questioning an outside accountant who the Trump Organization contends should have caught a top executive cheating on taxes. Prosecutors with … Read more

ECB begins great cash mop-up as banks repay 296 bln euros of loans

ECB begins great cash mop-up as banks repay 296 bln euros of loans

Repayment much lower than expected Key money-market rate falls after announcement Move seen as first step towards bond unwind FRANKFURT, Nov 18 (Reuters) – Euro zone banks are set to repay nearly 300 billion euros ($310 billion) in loans to the European Central Bank next week, the ECB said on Friday, the biggest cash withdrawal … Read more

UK economy shrinks at start of feared long recession

UK economy shrinks at start of feared long recession

GDP in Q3 -0.2% q/q vs Reuters poll -0.5% Seven economic output -0.6% m/m vs poll -0.4% GDP in July and August revised up Economists still see UK going into recession Finance minister predicts “tough road ahead” LONDON, Nov 11 (Reuters) – Britain’s economy shrank in the three months to September at the start of … Read more

British PM candidate Sunak vows 20% income tax cut by 2029

British PM candidate Sunak vows 20% income tax cut by 2029

LONDON, July 31 (Reuters) – Rishi Sunak, trailing in the race to become Britain’s next prime minister, has vowed to slash the basic rate of income tax by 20% by 2029 in a potentially make-or-break throw of the dice by the former finance minister. Sunak, once seen as the favorite to replace Boris Johnson when … Read more

Biden pledge to tax wealthy, companies revived with Manchin-led bill

Biden pledge to tax wealthy, companies revived with Manchin-led bill

Chairman US Senator Joe Manchin (D-WV) attends a US Senate Energy and Natural Resources Committee hearing on Capitol Hill in Washington, US, July 19, 2022. REUTERS/Elizabeth Frantz/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, July 28 (Reuters) – US President Joe Biden’s campaign trail promise to increase taxes on corporations and … Read more