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Business

Sri Lanka seeks to raise US$685mil in revenue from taxes

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.

World

ANALYSIS - Philippines' next leader will have to raise taxes

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.

Business

Can inheritance tax be the answer to wealth inequality?

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.

Business

Costlier oil means higher subsidies

PETALING JAYA: While the Government stands to gain more revenue from a higher price of crude oil, subsidies would also correspondingly increase if higher energy costs are not passed on to consumers.

Thinking Liberally

Taxes must not be too taxing

Raising rates continuously can have a backlash, with people looking for ways to avoid paying.

Views

‘Raise fines for parking offences’

From DR LIM MAH HUI of Penang Island City councillor.

Business

The Tobin tax revisited

The eventual outcome of the tax is still uncertain.

World

Casinos rising revenue source for American Indians

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.

Business

Budget to explore new ground

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.