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tax-cuts

US Senate edges towards vote on Trump's spending bill
Americas 7 months ago

US Senate edges towards vote on Trump's spending bill

Trump is hoping the "One Big Beautiful Bill" will help seal his legacy, extending his expiring first-term tax cuts at a cost of $4.5 trillion and beefing up border security.
Energy, finance ministries talk geothermal incentives
Regulations 1 year ago

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Energy, finance ministries talk geothermal incentives

The energy and finance ministries are discussing potential geothermal incentives, including tax cuts, as a way to attract more investors to achieve its ambitious energy transition goals.
Govt cuts taxes for conversion of export proceeds
Regulations 1 year ago

Govt cuts taxes for conversion of export proceeds

Since last year, natural resource exporters from Indonesia must retain for at least three months in the domestic financial system 30 percent of their proceeds.
Truss fights for survival in first parliament questions since U-turns
Europe 3 years ago

Truss fights for survival in first parliament questions since U-turns

Truss is set to face hostile questions from Tory as well as opposition MPs in a likely febrile House of Commons, less than 48 hours after new finance minister Jeremy Hunt dismembered her flagship tax plans.
UK finance minister Kwarteng has been sacked
Economy 3 years ago

UK finance minister Kwarteng has been sacked

Kwarteng is no longer chancellor of the exchequer, the BBC said. The Times newspaper reported earlier that Kwarteng was expected to be sacked.
UK to reverse cut to higher rate income tax
Economy 3 years ago

UK to reverse cut to higher rate income tax

Finance minister Kwasi Kwarteng sent shockwaves through financial markets when he published a mini-budget on Sept. 23, cutting taxes including the 45p highest rate of income tax, in a plan to be funded by vast government borrowing. 
Govt extends VAT cuts for new homes to year-end
Business 4 years ago

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Govt extends VAT cuts for new homes to year-end

The government has extended to December a VAT tax break on new houses, which has helped banks record second-quarter growth in housing loans.
Rent tax break for retailers comes into effect
Business 4 years ago

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Rent tax break for retailers comes into effect

The government has temporarily waived value added tax (VAT) on retail rent in view of the latest extension to the PPKM, but industry associations and retailers say more can be done to help the ailing sector.
Govt extends tax cuts for purchase of new cars
Business 4 years ago

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Govt extends tax cuts for purchase of new cars

The government will charge no luxury tax (PPnBM) on the purchase of new cars with engines below 1,500 cc in size until the end of August as it has extended by three months a waiver introduced earlier this year. Meanwhile, a 50 percent luxury tax cut will apply in the last quarter of the year.
Car sales dip 7% in April despite expanded tax cut
Business 4 years ago

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Car sales dip 7% in April despite expanded tax cut

In March, car sales surged 70 percent from the previous month to 84,915 units after the government implemented the first tax cut for cars with engine capacities under 1,500 cc.
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