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Nation

‘Inheritance, capital gains may be taxed’

PETALING JAYA: The Prime Minister’s remarks on the likelihood of new taxes being introduced reinforces speculation that Pakatan Harapan will likely impose inheritance tax, capital gains tax and a wealth tax in Budget 2019, says Datuk Seri Dr Wee Ka Siong.

Nation

Dr Wee: Third national car ironic in view of new taxes mulled by Pakatan

PETALING JAYA: Instead of introducing new taxes, the Pakatan Harapan government should focus on enhancing its spending efficiency and introducing business-friendly policies to help local businesses flourish, says Datuk Seri Dr Wee Ka Siong.

World

Duque becomes Colombia's president, promising to unite divided nation

BOGOTA (Reuters) - Colombia's President-elect Ivan Duque was sworn in to office on Tuesday, pledging to unite a divided nation behind his plan to toughen a peace accord with Marxist rebels and rekindle economic growth.

World

Uganda leader says social media used for 'lying', defends tax for access

KAMPALA (Reuters) - Uganda's President Yoweri Museveni has defended the country's new social media tax, saying Ugandans were using such platforms for "lying", and squandering the nation's hard currency on fees to foreign-owned telecoms firms.

World

Ugandan groups file court challenge against social media tax

KAMPALA (Reuters) - Uganda's new tax on social media access limits basic rights and harms business, according to a petition filed by activists to the constitutional court against a levy that civic groups and opposition parties say is onerous.

World

Uganda imposes tax on social media use

KAMPALA (Reuters) - Uganda's parliament has imposed a tax on the use of social media in a bid to raise revenue but opponents of the law say it aims to stifle criticism of President Yoweri Museveni, who has been in power since 1986.

World

U.S. tax bill may face lawsuits with long odds but political payoffs

(Reuters) - Democratic-leaning states may take legal action to challenge the cap on deductions of state and local taxes under the sweeping overhaul of the U.S. tax code, and even though such lawsuits would face long odds they could help galvanise Democrats for next year's mid-term election.

World

Australia arrests man accused of trying to sell missile parts for North Korea

MELBOURNE (Reuters) - Australian police said on Sunday they had arrested a man accused of working on the black market to sell missile components and coal on behalf of North Korea, the first charges ever brought in Australia over the sale of weapons of mass destruction.

Nation

Punters may lose special lottery draws

KUALA LUMPUR: There may be fewer or no more special lottery draws soon.

Nation

Johari: No plans to legalise football gambling

KUALA LUMPUR: There are no plans to legalise online football betting in Malaysia, said Second Finance Minister Datuk Johari Abdul Ghani.