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tax-cuts

Business 7 years ago

Gaikindo supports value-added tax cut for sedans

The Association of Indonesian Automotive Manufacturers (Gaikindo) has expressed its support of an Industry Ministry suggestion to decrease the added value-tax for luxury goods (PPnBM), particularly sedans, to increase sales both in domestic and international markets.

Business 8 years ago

SMEs start enjoying reduced income tax facility on Wednesday

The government policy to cut the income tax for small and medium enterprises (SMEs) from 1 percent to 0.5 percent has been in effect since July 1, and a tax official has said the facility can be enjoyed starting Aug. 1 on the previous month's sales.

World 8 years ago

Trump triumphs as Congress passes sweeping tax cuts

Donald Trump celebrated a "historic" victory Wednesday as the US Congress passed a massive Republican tax cut plan, handing the president his first major legislative achievement since taking office nearly a year ago.

Business 8 years ago

Global markets falter on US tax cut doubts, oil glut fears

Global stocks were pressured Tuesday by nagging doubts about US tax reform and worries about a petroleum glut.

World 8 years ago

US deficit grows to $666 billion as lawmakers eye tax cuts

The US budget deficit grew to $666 billion in just-ended fiscal year 2017, according to official data released Friday, after lawmakers took a step toward enacting $1.5 trillion in tax cuts.

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