The $1.5 trillion tax cut package approved by the administration of US President Donald Trump appeared to have no major impact on capital investment or hiring plans by American companies, according to a survey.
China’s plans for tax cuts targeting smaller companies will help to support employment and economic stability, and will expand the country’s tax base over the long term, Premier Li Keqiang was quoted as saying on Saturday.
Japan started collecting a ¥1,000 departure tax on Monday from each traveler leaving the country in an effort to fund measures to attract more foreign visitors in the run-up to and beyond the 2020 Tokyo Olympics and Paralympics.
The distribution of 50 percent of the 2018 tourism tax revenue will be made to all Malaysia’s state governments in the first quarter of 2019, courtesy of the federal government, according to Finance Minister Lim Guan Eng.
The US government’s budget deficit has surged to $779 billion in fiscal 2018, its highest level in six years as President Donald Trump’s tax cuts caused the government to borrow more heavily in order to cover its spending.
Chancellor of the Exchequer Philip Hammond is considering using this month’s budget to introduce a ‘Good Landlord’ tax break rewarding investors who sell properties to sitting tenants amid a housing crisis in the UK that has left 40 percent of young adults unable to buy a home.