SalesTax

Sotheby's Reaches $6 Million Settlement in New York Sales Tax Evasion Investigation

1 month ago

In a significant development, Sotheby's, the renowned auction house, has officially settled a probe regarding alleged sales tax evasion in New York. The settlement, amounting to a hefty $6 million, concludes a state investigation that scrutinized Sotheby's compliance with tax laws applicable to its transactions.

Switzerland's Bold Step: Sales Tax Increase Proposed to Safeguard Pension System

2 months ago

In a move that could reshape the financial landscape for Swiss citizens, the government of Switzerland has put forth a proposal to raise the sales tax as a means to enhance and safeguard the country’s pension system. This recommendation aims to tackle the increasing financial strain on pensions due to an aging population and a growing number of retirees.

Japanese Politician Ishiba Rules Out Sales Tax Hike Amid Economic Concerns

2 months ago

In a decisive move that is bound to stir discussions in economic circles, former Japanese Minister of Defense and prominent political figure, Shigeru Ishiba, has confirmed that he will not pursue an increase in the country’s sales tax during his anticipated three-year term as leader of the Liberal Democratic Party (LDP). This declaration comes on the heels of ongoing debates surrounding economic stability and recovery in Japan.