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Innovation, not low costs, will energise Hong Kong stock market, finance chief says in defending tax increase
Paul Chan doubles down on commitment to raising the stamp duty on stock transactions to 0.13 per cent on August 1, in spite of objections from the industry‘We are not in a race to compete on low costs, instead, we need to come up with innovative policies,’ he says
The proposal requires careful analysis and study
Watch farm stocks, automakers and banks as the country unveils its budget on Monday
LONG before Covid-19 hit, there had been a fierce debate in the UK and elsewhere about how to fight growing economic inequality. One idea that got a lot of attention was whether to tax assets and, more generally, wealth. The pandemic has brought this back to the fore.
MANILA (Philippine Daily Inquirer/ANN): Amid the prolonged Covid-19 quarantine limiting movement of people as well as slowing revenue collection due to the pandemic-induced recession, taxpayers with unsettled dues have been given until the middle of next year to avail themselves of the ongoing delinquencies amnesty as well as voluntary assessment and payment programme (VAPP) for 2018 taxe
KUALA LUMPUR: The World Bank has suggested the government look into a fiscal policy that strives towards raising revenue and enhancing spending efficiency.
GOVERNMENTS globally have been undertaking pump-priming measures this year in a bid to lift their economies out of the Great Lockdown, the economic crisis caused by Covid-19.
KUALA LUMPUR: The Inland Revenue Board (IRB) believes the government’s target of RM143.9bil direct tax collection next year is reasonable, backed by the economic recovery.
NEW YORK: A weaker-than-expected election performance by Democrats and fears of new coronavirus restrictions have prompted investors to double down on high-flying technology stocks, which have come roaring back in recent days to put the Nasdaq within striking distance of a record.