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Business

NFOs expected to get 10 special draws this year

Analysts expect 10 special draws to be approved for each gaming company in the first quarter this year although number forecast operators (NFOs) are still working through their respective 10 special draws approved last October.

World

ANALYSIS - Battle lines drawn over soda, junk food taxes

LOS ANGELES (Reuters) - Increasingly vocal calls for taxes on sugary drinks and junk food are fueling a behind- the-scenes battle that public health officials say is reminiscent of America's war on cigarettes.

Business

Costly ballot measures pose risk to US state budgets

NEW YORK (AP) - Before the financial crisis unfolded, voters and officials in states across the United States placed proposals on their November ballots that would slash taxes and spend millions of dollars on new programs.

AseanPlus News

Singapore boosts sin taxes, help for elderly

SINGAPORE: Singapore on Friday announced steep increases in alcohol, gambling and tobacco taxes as it pledged billions of dollars in healthcare subsidy for its growing ranks of elderly citizens.

Business

Restoring fiscal health, refocusing priorities

Comment - By Lee Heng Guie WE understand the government has to make choices and trade-offs to manage the medium-term fiscal challenges and limitations. It is indeed a tough and challenging political balancing act for the Finance Minister to craft a responsive budget without impairing growth and worsening the fiscal deficit.

Metro News

New sales tax may be good but at what cost

THE state budget tabled in the Sarawak Legislative Assembly this week was, as promised by the Chief Minister, the “biggest ever” in the state’s history.

Business

IMF says Pakistan needs to mobilise tax revenue, cut debt

WASHINGTON: Pakistan needs to mobilise domestic tax revenue to ensure funds for social and development programs, while reducing debt, the acting director of the International Monetary Fund said on Sunday after a meeting with Pakistani Prime Minister Imran Khan

Business

Epic sets RM1b revenue target for 2016

KUALA TERENGGANU: State-linked corporation EPIC Eastern Pacific Industrial Corporation Bhd (Epic), a service and facility provider for the oil and gas industry, has set a revenue target of RM1 billion through its subsidiaries next year despite slumping oil prices.

Business

At White House, CEOs offer support for higher tax rates

WASHINGTON: Chief executives from corporations such as Goldman Sachs and Deloitte LLP met with President Barack Obama on Wednesday and offered support for resolving U.S. fiscal problems with an approach that included higher tax rates for wealthy Americans.

World

Nearly 70 percent of Pakistani lawmakers don't file taxes - group

ISLAMABAD (Reuters) - Almost 70 percent of Pakistani lawmakers did not file income taxes last year, an investigative journalism group said on Wednesday, highlighting deep flaws in a taxation system that has drawn repeated criticism from Western aid donors.