New global plans unveiled to crack down on corporate tax avoidance
By Tom Bergin LONDON (Reuters) - Plans for a major rewriting of international tax rules unveiled on Tuesday could eliminate structures that have allowed companies like Google Inc and Amazon.com Inc to shave billions of dollars off their tax bills. The Organisation for Economic Co-operation and Development (OECD) announced a series of measures that, if implemented by members, could stop companies from employing many commonly-used practices to shift profits into tax havens. ...
US producer prices unchanged in August
WASHINGTON (AP) — A measure of prices that producers receive for their goods and services was unchanged in August, the latest sign that inflation is in check.
Syrian aircraft crashes in city held by IS group
BEIRUT (AP) — A Syrian military aircraft crashed into the de facto capital of the Islamic State group on Tuesday, killing at least eight people, as thousands of residents fled to nearby villages in anticipation of expected U.S. airstrikes against the militants, activists said.
U.S. auto regulators played key role in GM recalls, report says
WASHINGTON (Reuters) - Federal auto safety regulators played a significant role in General Motors Co's failure to promptly report and recall cars with defective parts that led to at least 19 deaths, a congressional report said on Tuesday. The report, made public ahead of a separate hearing on Tuesday, said officials at the National Highway Traffic Safety Administration repeatedly failed to identify the potential problems with the faulty ignition switches and could have acted more quickly to catch the problem. ...
Suicide car bomber kills 3 foreign troops in Afghan capital
By Mirwais Harooni and Kay Johnson KABUL (Reuters) - A suicide car bomber killed two U.S. troops and a Polish soldier in an attack on a convoy near the U.S. embassy in Kabul on Tuesday, the NATO-led coalition said, one of the worst attacks on international forces in the Afghan capital in months. The attack near the heavily fortified embassy wounded 13 Afghan civilians nearby. It came amid a months-long political stalemate and an emboldened insurgency, with a presidential election still unresolved as most foreign combat troops prepare to leave by the end of the year. ...