Business
Meta forecasts bigger capital costs next year, US$16 billion tax charge guts Q3 profit
Meta forecast “notably larger” capital expenses next year, thanks to investments in AI, and recorded a nearly US$16 billion one-time…
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Tax
News
U.N.’s Global Carbon Tax Should Be a Wake-Up Call to Fight International Climate Extremism | National Review
The United States should take necessary action to kill off the IMO global carbon tax. Source link
Business
Rivian to cut 600 jobs as loss of EV tax credit hits demand: source
[IRVINE, California] Rivian Automotive will lay off employees as the electric-vehicle maker contends with weakening demand following the…
Business
Netflix says tax dispute hurt solid quarter; shares tumble
The company will use some of that money to repurchase shares and invest in programming Netflix said a tax dispute with Brazil cut into…
Business
China scraps platinum tax break for state-owned giant
Wind is a favoured industry as the Asian nation aims to boost renewable energy and accelerate the country’s energy transition China will…
Business
Tesla sales surge to record on rush to snag US tax credit
The deliveries tally offers a preview of the earnings results the company will report Oct 22 Tesla reported a surprise increase in…
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MAS to simplify framework for single family office fund tax scheme
Move is ‘timely’ given evolving landscape, rising competition from Hong Kong, Dubai, observers say The Monetary Authority of Singapore…
Business
South Korean City Has Seized Crypto from 200+ Residents Over Unpaid Tax Bills
Cheongju, the capital and largest city of South Korea’s North Chungcheong Province, says it has seized crypto from 203 residents since…
Business
Thailand to weigh tax on gold trades to slow baht rally
Officials are discussing ways to tax gold bought and sold through various online channels and settled in baht Thai authorities are…
Business
South Korea scraps plan to expand tax on stock investments
South Korean President Lee Jae-myung said on Thursday (Sep 11) he would not pursue plan to revise a capital gains tax on stock…
Business
Singapore collects S$88.9 billion in tax revenue in FY2024/25, 10.7% higher than in previous year
The increased collection is driven by robust economic growth and higher consumer spending The Inland Revenue Authority of Singapore (Iras)…
Business
Singapore’s tax revenue up 10.7% at S$88.9 billion in FY2024/25 on robust growth and higher consumption
The Inland Revenue Authority of Singapore (Iras) announced that it had collected S$88.9 billion in tax revenue for the financial year of…
Business
Singapore’s tax revenue up 10.7% at S$88.9 billion in FY2025 on robust growth and higher consumption
Corporate tax takings rise 6.7% to S$30.9 billion and remain the largest contributor The Inland Revenue Authority of Singapore (Iras)…
Business
Rivian lays off hundreds of employees ahead of the end of EV tax credits
Rivian has laid off about 200 employees as the electric vehicle maker prepares for a U.S. economy with fewer incentives to go green. The…
News
The Silent Tax Killing American Productivity | National Review
Every unnecessary delay, form, and regulation is a hidden tax on our most precious resource. Source link
Business
Using Tax Incentives to Improve Our Economic Statistics | National Review
Higher participation rates, as well as more timely and accurate responses, are necessary to improve the performance of our economic…
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China’s policy banks rush to issue bonds before tax deadline
China’s policy banks have embarked on a bond-issuance spree in an effort to lock in lower yields before the reinstatement of a value-added…
Business
China to tax bond interest income after decades of exemption
China said that it plans to tax interest income on bonds issued by the government and financial institutions, in a surprise move that’s…
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Ohio Joins the Flat Tax Revolution | National Review
Its new tax will be the second-lowest in the country, which is good for the state and bodes well for the nation. Source link
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TikTok’s Chinese workers seek tax compensation for US relocation
Some of TikTok’s Chinese employees are requesting company compensation for additional taxes incurred due to their relocation to the US,…
Business
Europe: Shares end marginally lower as markets gauge trade talks, US tax bill
EUROPEAN shares ended slightly lower on Tuesday, with industrials and banks the biggest drags as investors weighed uncertainty over US…
Business
US: S&P 500, Nasdaq dip from record highs with Trump tax bill in focus
S&P 500 and Nasdaq indexes opened lower on Tuesday (Jul 1), after touching record highs a day earlier, as investors monitored US trade…
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Eight-country coalition aims to tax luxury air travel
Countries including France, Kenya, Barbados and Spain on Monday launched a coalition to push for taxes on wealthy air passengers to help…
Business
Indonesia working on new e-commerce tax rule in bid to target 'shadow economy'
Indonesia is working on a new regulation that will require e-commerce platforms to collect and pass on sellers’ sales income in a bid to…