Kuwaiti cabinet endorses 15% tax on multinational entities
Kuwait's Cabinet approved a draft law to introduce a 15 per cent tax on multinational companies operating across…
Browsing Tag
tax evasion
Government Takes Steps To Prevent Tax Evasion
The Egyptian Tax Authority and the Real Estate Tax Authority have signed a cooperation agreement on Tuesday to…
Greece Submits Proposed Reforms in Bid for Loan Extension
Greece has submitted a list of reform proposals to its bailout creditors, the European Commission says. The list…
Denials Continue Despite MPs Hearing of HSBC Tax Evasion Claims in 2011
Downing Street insists it had no warning of HSBC wrongdoing, despite revelation MPs had known about ‘disc from the…
Egypt’s Public Prosecutor Fully Exonerates Sawiris’ OCI of Tax Evasion Claims
OCI N.V. (Euronext: OCI) announced today that the Egyptian Public Prosecutor has fully exonerated the Company’s…
Egypt Steel Tycoon’s Tax Evasion Trial Adjourned to 2 Nov
Egypt’s Misdemeanor Tax Evasion Court delayed on Saturday the trial of Ahmed Ezz, once preeminent steel and iron…
Following On-Air Accusations, Egyptian Mogul Leaves the Country
Amid accusations of tax evasion, Egyptian business tycoon Ahmed Bahgat – the owner of Dream TV – alongside his wife…
Sawiris Family Finally Back Home As Tax Disputes Settled
Members of Sawiris family have arrived at Cairo International Airport on Friday coming from France, after a travel…
OCI Says To Pay 1st Installment To Egypt Tax In Weeks
Orascom Construction Industries (OCIC.CA), announced on Tuesday that it will pay the Egyptian Tax Authority (ETA)…
Orascom Construction Offers US$350 Mln First Installment For Egypt Tax
Orascom Construction Industries (OCIC.CA) is offering to pay US$ 350 million as a first installment seeking to…
Orascom Construction Denies Settlement With Egyptian Govt
Statements by Egypt's Finance Minister El-Morsi Hegazy and the Egyptian Tax Authority over negotiations with the…
EGX 30 Inches Up 0.33% In IMF Talks Week
In a week which witnessed another round of talks over the US$4.8 billion loan between the Egyptian government and…
OCI Says Still In Talks With Egypt Tax Authority; Trading Resumed
Orascom Construction Industries (OCIC.CA) stated that negotiations with Egyptian Tax Authority (ETA) are still…
EGX Suspends Trading On OCI, Awaits Tax Negotiations Updates
The Egyptian Exchange’s management has decided to suspend the trading on the stocks of Orascom Construction…
ECA Meets US Embassy’s Officials To Fight Tax Evasion
The Egyptian Customs Authority (ECA) will have a meeting today with some officials from the US embassy to Cairo to…
Egypt’s Tax Authority, OCI To Hold New Meeting By March 17
The negotiations between the Egyptian Tax Authority (ETA) and Orascom Construction Industries (OCIC.CA) will be…
OCI Reiterates Strong Legal Position On Tax Case
OCI N.V.’s subsidiary, Orascom Construction Industries (OCI) (OCIC.CA), in response to yesterday’s statement from…
The Sawiris Travel Ban; Latest Blow To Business Confidence in Egypt
Egypt's bourse suffered its biggest one-day loss in three months on Monday after the chief executive of its largest…
OCI Says To Restart Talks Over Unpaid Taxes
Egypt's Orascom Construction Industries (OCI) (OCIC.CA) has said it is set to restart talks with the Egyptian Tax…
Egypt’s Tax Authority: Either OCI Pays Tax Dues Or Considered Evasive
Egypt’s Tax Authority will be holding a meeting Sunday with Orascom Construction Industries – OCI (OCIC.CA) so as…
OCI In Talks To Pay EGP 1.2 Bln Tax Dues: Sources
Sources near from Orascom Construction Industries – OCI (OCIC.CA) said the firm is planning not to pay the Tax…
Tax Authority In Talks With OCI To Repay EGP 2 Bln
The Egyptian Tax Authority (TA) and Orascom Construction Industries – OCI (OCIC.CA) have agreed in principle during…
OCI Says Still Seeking Agreement With Tax Authority
Omar Derwaza - Head of Investor Relations at Orascom Construction Industries - said OCI is still in holds…
EGX 30 Dives 2.24%, Ends At 5449 Pts
During Sunday closing session, the Egyptian Exchange (EGX) posted losses of EGP 7.8 billion as the capital market…
Tax Authority Starts OCI’s EGP 14 Bln Tax Fraud Investigations
Senior sources from Egypt’s Finance Ministry told Amwal Al Ghad that the Head of Tax Authority has met on Sunday…
OTMT Tops EGX Volume of Trades, Tax Evasion Probes Week
Amid last week trading which witnessed Egyptian President Mohamed Morsi’s worrisome speech that the state is owed…
APA investigates With Govt Over Tax Evasion
Administrative Prosecution Authority (APA) referred the case (72/2012) to the Central Auditing Organization (CAO)…
Finance Minister Approves Settlements In Tax Evasion Cases
The Minister of Finance Momtaz El-Saeed approved the settlements in tax evasion cases in August. Mahmoud Faizi,…