Latest in Tag: tax Highlight

Latest in Tag: tax

Trump to unveil biggest US corporate tax cut of all time

The US president wants to lower the corporate rate to 15 percent and offer multinationals steep tax breaks on repatriated overseas’ profits, likely blowing a huge hole in the budget and facing congressional hurdles.Nearly 100 days into his presidency, Donald Trump is finally ready to unveil his plan for “phenomenal” tax cuts for businesses that …

Deutsche Welle

Germany’s Schäuble promises ‘moderate’ tax cuts

Germany’s finance minister has said taxpayers in the country can expect a slight decrease of their tax burden after the fall general election. But he’s not willing to agree to fresh borrowing to finance the measure.German Finance Minister Wolfgang Schäuble told public German broadcaster ZDF he would propose moderate tax cuts for low-and middle-income earners …

Deutsche Welle

Germany to take legal action if Trump taxes imports

German Economy Minister Brigitte Zypries has said Berlin would take Washington to court if it were to impose a border tax on imports from Germany under Donald Trump’s “America First” policy favoring US exports.The German Economy Minister warned Washington against unleashing a trade war, saying Berlin would take legal action before the World Trade Organization …

Deutsche Welle

Tax cuts, more spending to boost India recovery after cash crisis

Months after India’s PM Narendra Modi shocked the nation with an abrupt high-value banknote ban, hitting the country’s economic growth, the government has announced a plethora of sops to ease the pain.Announcing the government’s spending plans for the upcoming fiscal year in parliament on Wednesday, Finance Minister Arun Jaitley pledged increased funds for rural development …

Deutsche Welle

Alexandria, Damietta, Red Sea ports pay EGP 439m in taxes

A number of public sector companies and bodies affiliated to the state paid more than EGP 951m in taxes for fiscal year (FY) 2015/2016. The companies submitted their tax declaration during the past period after the end of the specified time, ending on 31 April of each year, based on the fact that their fiscal …

Ahmed Farahat

Osborne plans could trigger EU tax war

British plans to considerably lower corporate tax have drawn first reactions from political leaders across the EU. Surely no one wants to be at a disadvantage when it comes to luring companies, or keeping them.

Deutsche Welle

Abe delays plan for tax hike in Japan

Japan’s prime minister Shinzo Abe will delay a controversial increase in sales tax due to concerns for the country’s fragile economy. The move is a blow to his economic policy aimed at boosting growth and inflation.

Deutsche Welle