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Trump didn’t pay income tax for up to 18 years: New York Times

WASHINGTON: Republican presidential nominee Donald Trump declared a $916 million loss on his 1995 income tax returns and the large tax deduction may have allowed him to avoid paying federal income taxes for up to 18 years, the New York Times reported on Saturday.

Two banks paid no tax in UK

LONDON: Two more investment banks have reported paying zero tax in Britain in 2014, prompting the opposition Labour party to urge the government to reverse a tax change it made for banks last year.

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