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KUALA LUMPUR: It is inappropriate to introduce the inheritance tax now despite the need for the government to widen its tax base to raise revenue, as its implementation will further dampen the property market, a real estate industry association said.
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.
KUALA LUMPUR: There could be an increase in the excise duties on cigarettes in Malaysia under the upcoming Budget 2016, as the government seeks to raise revenue to tackle the country’s fiscal deficit, says Affin Hwang Capital Research.
PETALING JAYA: UMW Oil and Gas Corp Bhd (UMW-OG) has awarded a contract worth US$218mil (RM725.5mil) to Keppel Corp Ltd’s subsidiary to build its sixth jack-up rig to raise revenue and profit contribution from its drilling operations.
WASHINGTON (Reuters) - President Barack Obama on Wednesday revived a list of his favourite tax ideas, hoping to raise $580 billion (378.3 billion pounds) in new revenues from the wealthy over a decade in a potential opening gambit to forge a deal with Congress to overhaul the U.S. tax code.