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COLOMBO: Sri Lanka is seeking to raise 100 billion rupees (US$685.6mil) in revenue in 2016 by increasing the value added tax (VAT) and new taxes effective from Monday, Finance Minister Ravi Karunanayake (pic) said late on Sunday.
MANILA (Reuters) - The Philippines' next president will have to turn his back on populist promises made during the campaign and raise taxes sooner rather than later to prevent a financial crisis soon after the May elections.
ONE of the most hated tax is the “inheritance tax” which hardly anyone pays in many countries. An inheritance tax, sometimes referred to as an estate tax, may apply to that accumulated amount so that the government can still get a piece of the action even after the family has held a wonderful service for the one who passed away.
NEW YORK: Citigroup Inc beat analysts' estimates for fourth-quarter profits on Tuesday, boosted by growth in its credit card business and a jump in trading revenue.
PAWHUSKA, Oklahoma (Reuters Life!) - Some time in the future, David Conrad says the Osage American Indian tribal government would like its revenue to come from business activities other than gambling.
BUDGET 2005 involves an intricate task. In his maiden budget presentation, Prime Minister Datuk Seri Abdullah Ahmad Badawi, who is also Finance Minister, will seek to balance pressure from two opposing directions: to reduce the budget deficit and increase incentives to spur other economic activities.