You have searched for "tax burden"
Showing 1-10 of 463
BRUSSELS (Reuters) -Amazon won its fight against an EU order to pay about 250 million euros ($303 million) in back taxes to Luxembourg in a blow to competition chief Margrethe Vestager's crusade against preferential deals.
HAINAN (Global Times): Hainan, the tropical resort destination known as China's Hawaii, is on track to become the biggest duty-free market in the world in the next two years, a report released on Friday (May 7) showed.
BEIJING (China Daily/ANN): China will accelerate the setting up of a modern fiscal and tax system to help safeguard fiscal support for the country's major strategic tasks and improve the well-being of the people, in a bid to bolster high-quality development, Finance Minister Liu Kun said in a published article on Thursday (May 6)).
(Updates figure for number of Amazon staff in Luxembourg in paragraph 4)
THE current worldwide trend is shifting from direct tax to indirect tax by decreasing direct tax rates and increasing value-added tax (VAT) as well as goods and services tax (GST) rates.
FACED with a yearly budget deficit, narrow-tax base and rising expenditure, the government has to undertake a tax reform to broaden its revenue base. The move is to be accompanied by expenditure rationalisation to achieve its medium-term fiscal consolidation and deficit reduction target.
WASHINGTON (The Straits Times/ANN): Singapore's economy has been ranked the most free in the world this year in the Heritage Foundation's 2021 Index of Economic Freedom, the second year in a row it topped the list.
Retailers also seek to ease tax burden with permanent rate cut