Tax Cuts and Jobs Act

Salaried workers, pensioners and self-employed professionals will see significant reductions in their tax bills in 2020, according to a draft law that reduces the lowest income tax bracket to 9 percent from 22 percent for incomes up 10,000 euros, maintains the income tax-free ceiling at 8,636 euros per year and offers deductions for families with children.

U.S. companies have sent home over half a trillion dollars of cash they held overseas in 2018 to take advantage of tax changes, but data suggest the pace is slowing, potentially removing a key source of support for Wall Street.

Less than a fifth of Greek taxpayers cover 90 percent of the income tax the Greek state receives every year, while just a few enterprises pay the bulk of corporate tax, an economists' conference on the Greek budget for 2019 heard on Tuesday in Athens.

Turkey’s Revenue Administration (GİB) has announced the country’s corporate tax champions and top individual taxpayers in 2017. Click through for the top 10 in both categories, according to the GİB’s statement on Nov. 2, 2018...

While most countries in the developed and developing world are reducing tax rates to attract investments, in Greece the corporate tax is the fifth highest among the member-states of the Organization for Economic Cooperation and Development (OECD), according to Ernst & Young.

Senate Majority Leader Mitch McConnell speaks at the press conference after the Senate vote of the tax reform bill. The Senate has passed the tax reform bill and it will return to the House of Representatives for final approval.  The rewrite of the tax code provides dramatic tax breaks to corporations.

 The U.S. Senate narrowly approved a tax overhaul, moving Republicans and President Donald Trump a big step closer to their goal of slashing taxes for businesses and the rich while offering everyday Americans a mixed bag of changes, reported Reters.