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News highlights from Asean countries in the Star-AseanPlus section for Thursday (Oct 21)
HANOI (Vietnam News/Asia News Network): National Assembly (NA) Chairman Vương Đình Huệ has signed a resolution of the NA Standing Committee on a number of solutions to support businesses and people affected by the Covid-19 pandemic. The resolution took effect on Oct 19.
REVOLUTIONARY shifts in the international tax landscape are afoot.
NEW YORK: Another time-honoured axiom is being put to the test in the post-pandemic stock market, the one that says don’t fight the United States Federal Reserve (Fed).
THE Covid-19 pandemic has affected all businesses in one way or another. Its impact on China, the “world’s factory”, and the subsequent knock-on effect, have sent shockwaves through the supply chains of most companies, globally.
WASHINGTON/ROME (Reuters) - G20 finance leaders on Wednesday endorsed a global tax deal that calls for the elimination of unilateral digital services taxes, but Italy's economy minister said it may take up to two years to eliminate the digital levy imposed by Rome.
KUALA LUMPUR (Bernama) - The windfall profit levy on companies is likely to give short-term gains to the country but could be detrimental in the long term and will send the wrong signal to both local and foreign investors, said the Federation of Malaysian Manufacturers (FMM).
PETALING JAYA: The Malaysian Institute of Certified Public Accountants (Micpa) and Deloitte Malaysia have jointly released a report which shares their thoughts on tax reforms needed for the Malaysian tax landscape.
POLICYMAKERS must figure out how to fix a shattered economy, rebuild from the impact of Covid-19 to emerge more resilient and to safeguard the economy against the next catastrophe.
WASHINGTON (Reuters) - Negotiations over the withdrawal of existing digital services taxes after a landmark corporate tax deal should ultimately end the threat of tariff wars between the United States and several countries over the levies, U.S. Treasury officials said.