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Latest Business News: Japan PM Abe Says Want to Reach Sales Tax Hike Decision in Autumn

Wochit

Japanese Prime Minister Shinzo Abe said that he wants to decide in the autumn whether to proceed with a scheduled sales tax hike next year, while looking carefully at economic indicators.

The Organization for Economic Co-operation and Development has unveiled new plans to tackle tax evasion by improving the way tax authorities share information about individuals and entities like trusts.

With more than $18 billion at stake in Detroit's restructuring, big law firms and other advisers are clamoring to represent the city's many creditors -including some advisers not exactly known for municipal work.For creditors and related parties, there is clearly a lot at stake. That means bondholders, insurers, retirees and others are sure to be accompanied in court by platoons of lawyers.