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World

U.S. Republicans weigh swallowing tax hike on the wealthy

WASHINGTON (Reuters) - While Republican leaders in the House of Representatives insist that raising taxes rates on the rich is an impossibility, some Republican lawmakers now see it as inevitable to avoiding the

World

Both sides dig in on U.S. "fiscal cliff," "nothing going on"

WASHINGTON (Reuters) - Republicans and Democrats dug in on

World

Both sides dig in on U.S. "fiscal cliff," "nothing going on"

WASHINGTON (Reuters) - Republicans and Democrats dug in on

World

Obama, Boehner talk; Geithner prepared to go off "cliff"

WASHINGTON (Reuters) - Republicans in Congress and President Barack Obama consumed much of Wednesday talking up their positions on the

World

Nearly 70 percent of Pakistani lawmakers don't file taxes - group

ISLAMABAD (Reuters) - Almost 70 percent of Pakistani lawmakers did not file income taxes last year, an investigative journalism group said on Wednesday, highlighting deep flaws in a taxation system that has drawn repeated criticism from Western aid donors.

World

Nearly 70 percent of Pakistani lawmakers don't file taxes - group

ISLAMABAD (Reuters) - Almost 70 percent of Pakistani lawmakers did not file income taxes last year, an investigative journalism group said on Wednesday, highlighting deep flaws in a taxation system that has drawn repeated criticism from Western aid donors.

World

Obama digs in heels, refuses to negotiate debt ceiling

WASHINGTON (Reuters) - President Barack Obama on Monday rejected any negotiations with Republicans over raising the U.S. borrowing limit, accusing his opponents of trying to extract a ransom for not ruining the economy in the latest fiscal fight.

World

Obama digs in heels, refuses to negotiate debt ceiling

WASHINGTON - President Barack Obama on Monday rejected any negotiations with Republicans over raising the U.S. borrowing limit, accusing his opponents of trying to extract a ransom for not ruining the economy in the latest fiscal fight.

Nation

MB Azizan refuses to comment on Kedah Government’s rising debt

ALOR SETAR: Kedah Mentri Besar Datuk Seri Azizan Abdul Razak has refused to comment on the state government’s debt which has allegedly ballooned to RM3bil over the past five years under the PAS-led state government.

World

Obama tax blueprint opening gambit in potential tax rewrite

WASHINGTON (Reuters) - President Barack Obama on Wednesday revived a list of his favourite tax ideas, hoping to raise $580 billion (378.3 billion pounds) in new revenues from the wealthy over a decade in a potential opening gambit to forge a deal with Congress to overhaul the U.S. tax code.