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President Barack Obama called the targeting of conservative groups by U.S. tax officials "outrageous" and said that any Internal Revenue Service employees involved would be held accountable.
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LONDON, May 19- Britain's opposition Labour party, tapping into widening public anger over corporate tax avoidance, wants the government to push for new international rules to force companies to report profit and tax payments country-by-country.
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EDINBURGH, May 16- Britain's largest retail bank Lloyds expects to return to profit this year, increasing the government's chances of selling its stake before the next general election in 2015..
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*UK would need to negotiate new free trade rules with partners.
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LONDON, May 16- British oil company BP wants Prime Minister David Cameron to intervene with the U.S. government over the escalating cost of compensating U.S. companies for the Gulf of Mexico oil disaster in 2010, the BBC reported Thursday.
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*Labour Party calls it a "Devastating blow to Cameron's authority". LONDON, May 15- Prime Minister David Cameron suffered an embarrassing blow in parliament on Wednesday when more than a third of his Conservative lawmakers voted against him in protest at his stance on Britain's membership of the European Union.
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LONDON, May 15- Prime Minister David Cameron suffered an embarrassing blow in parliament on Wednesday when a third of his Conservative lawmakers voted against him in protest at his stance on Britain's membership of the European Union.
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MOSCOW, May 15- International leaders are moving closer to taking action on corporate tax avoidance, despite challenges, a top official at the Organisation for Economic Co-operation and Development said on Wednesday.
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NEW YORK-- British Prime Minister David Cameron and Prince Harry visited a design studio in New York City on Tuesday as part of a campaign to promote their country as a tourist destination and U.S. business partner.
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Follows EC probe, searches of BP, Shell, Statoil offices. LONDON, May 15- Oil companies will face the full force of the law if they manipulated prices, Britain's energy minister said on Wednesday as the European Commission's demanded more firms provide information as part of its probe into oil pricing.
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LONDON, May 15- Amazon.com' s main UK unit paid $3.7 million of taxes on its 2012 income, it said on Wednesday, despite group UK sales of $6.5 billion, prompting criticism from lawmakers and competitors.
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*Follows EC probe, searches of BP, Shell, Statoil offices. LONDON, May 15- Britain expects oil firms to fully comply with a European Commission's probe into energy pricing and would be deeply concerned if prices have been driven up, a spokesman for Prime Minister David Cameron said on Wednesday.
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Attorney General Eric Holder was likely to face a storm of questions on Tuesday over the Justice Department's controversial decision to seize telephone records of the Associated Press, a move denounced by critics as a gross intrusion into freedom of the press.
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BRUSSELS/ PARIS, May 14- France has secured backing from other EU member states for the exclusion of the movie and television industries from a proposed free-trade pact between Europe and the United States that it fears could threaten European culture.
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President Barack Obama called the targeting of conservative groups by U.S. tax officials "outrageous" and said that any Internal Revenue Service employees involved would be held accountable.
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President Barack Obama called the targeting of conservative groups by U.S. tax officials "outrageous" and said that any Internal Revenue Service employees involved would be held accountable.
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Nigel Farage, leader of the UK Independence Party (UKIP), tells CNBC's Steve Sedgwick that David Cameron needs to have a proper, sincere negotiation about getting powers back from the EU.
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Britain's ruling Conservatives will unveil a draft bill on Tuesday that could make Prime Minister David Cameron's promise of a referendum on Britain's European Union membership legally binding.
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*Rubio calls for resignation of acting IRS chief. *IRS to be focus of congressional investigations. The scandal was ignited last Friday, when an IRS official revealed at a meeting of tax lawyers that the agency had inappropriately singled out Tea Party and other conservative groups for extra scrutiny of their claims for tax-exempt status.
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*Obama in strongest foray in Britain's EU debate. WASHINGTON, May 13- President Barack Obama intervened in Britain's emotive debate about its membership of the European Union on Monday, saying Prime Minister David Cameron should "fix" his country's relationship with the bloc before taking any steps to leave.
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WASHINGTON, May 13- President Barack Obama sought on Monday to neutralize two crises that threatened his second term agenda, calling the apparent targeting of conservative groups by tax officials "outrageous" and an uproar over his response to American deaths in Libya a "sideshow."