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Carl Icahn will spend $150 million to lobby the congress

Carl Icahn had sent letters to vorious congress leader and key members to reform current tax law. According to Icahn, he is planning to lobby the congress by putting $150 million into the Super-PAC.

Oct 22, 2015 10:33 PM EDT


U.S. cities with highest rental rate increase

Rents are increasingly higher in the South and Pacific compared to the cities located in the Northeast and Midwest. California and Florida are two cities among with the highest rent hike.

Oct 23, 2015 04:07 AM EDT


British Airways to Restart Gatwick LGW to New York JFK route on May 2016

United Kingdom's flag carrier, British Airways is reopening the Gatwick LGW to New York JFK route on May 2016. The said route was teminated several years ago due to commercial reason suspension.

Oct 22, 2015 08:44 AM EDT


United Kingdom To Give off Two Year Multiple Entry Visas to Chinese Tourists to Boost UK Tourism Economy

Amid the Chinese President, Xi Jinping state visit in United Kingdom, the British Prime Minister announced that they are granting Chinese visitors two Year Multiple Entry Visas. The British government is also aiming to strengthen the China-UK relationship.

Oct 22, 2015 08:33 AM EDT


European Commission Rules Starbucks' and Fiat's Tax Deals with Dutch and Luxembourg Tax Authorities Illegal - Ordering Both Companies To Pay Millions of Euro in Back Taxes

The European Commission ruled that Starbucks and Fiat Chrysler had benefitted from illegal tax deals with Dutch and Luxembourg authorities dealing a heavy blow to similar tax arrangements used by many MNCs and have ordered both Governments to recover back taxes from the US coffee chain and Italian-US carmaker.

Oct 27, 2015 04:47 AM EDT


Volkswagen deals with multiple lawsuits, costing billions of euros

It's not yet over for the issues that Volkswagen have to face. It's been dealing with multiple charges one after another making the German automaker spend a lot money due to fines, litigation, and expenditures for the fixing of the affected vehicles.

Oct 22, 2015 04:06 AM EDT


US Treasury makes forceful call on Puerto Rico debt plan, seeks Congress support

The measures by Barack Obama-led US government to keep more pressure on law makers to bring Puerto Rico out of the economy crisis are facing strong resistance from Republicans. The US Treasury has listed out proposals, for which it sought support of Congress to enact them to help the US territory Puerto Rico

Oct 22, 2015 02:00 AM EDT


Starbucks and Fiat are required to pay back millions in taxes to Dutch and Luxembourg Government

The European Commission agreed that both Starbucks and Fiat have been benefiting under illegal tax system. Based on the new ruling, more corporation are expected to be under investigation soon.

Oct 22, 2015 01:47 AM EDT


Canada's new Liberal Prime Minister under pressure to deliver promises

Right after defeating his Conservative opponents, Canada’s new Prime Minister-designate Justin Trudeau is immediately under heavy pressure to perform.

Oct 21, 2015 09:17 PM EDT


Conditional approval for Nokia-Alcatel deal in China

The China's Ministry of Commerce has approved the Nokia's acquisition plan for Alcatel-Lucent with some conditions on the Euro15.6billion ($17.6bn) deal's antitrust process. Nokia has agreed to meet certain terms by 10 December. Nokia has to ensure that market competition wouldn't be impacted with the takeover, which is expected to be completed in first half of 2016.

Oct 21, 2015 09:09 PM EDT


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