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PETALING JAYA: A day before Budget 2020, the World Bank has recommended that the government broaden the coverage of items under the sales and service tax (SST) and expand personal income taxes, among potential measures to diversify Malaysia’s sources of revenue.
TOKYO: WeWork announced on Wednesday it has accepted a rescue package from SoftBank Group Corp., its largest investor, that will give the Japanese conglomerate an 80% stake in the company.
BOSTON: Cash-strapped and debt-ridden, public transit systems across America are trimming service, raising fares and postponing badly needed upgrades just to maintain daily operations, even as rising gas prices increase demand and experts call modernization critical to cities' futures.
US threatens to impose tariffs of up to 100% on US$2.4bil (RM10bil) in French goods in retaliation for a digital services tax it says is discriminatory.
KUALA LUMPUR: Fitch Ratings cautions about negative rating implications if Malaysia's already high public debt increases over the medium term.
LONDON: UK chancellor of the exchequer Philip Hammond suggested he may have to make spending cuts in his autumn budget to fill the gap in public finances created when he was forced to scrap his plan to raise insurance taxes for the self-employed.
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.
Crown Prince Mohammed is behind the move, which aims to raise revenue as his government seeks to carry out a wide-ranging economic overhaul