Consumption Tax News
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Demand for corporate jets spanning Gulfstream’s $14.5 million G150 to the $4 million Embraer SA Phenom 100 is failing to track a rebound in stock markets as companies focus on preserving cash.
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Japan’s Economy Minister Akira Amari said a further slide in the yen would have negative effects after the currency’s 21 percent drop in the past six months, and signaled concern at the prospect of higher bond yields.
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Japan is in the midst of a grand experiment to revivify its economy through a three-pronged campaign of monetary easing, fiscal stimulus and structural reforms.
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Angola, Africa’s second-biggest oil producer, plans to simplify taxation and more than double revenue from sources other than petroleum to curb the government’s reliance on crude.
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Angola, Africa’s second-biggest oil producer, plans to simplify taxation and more than double revenue from sources other than petroleum to curb the government’s reliance on crude.
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Keith Darley, a 34-year-old electrician, hears from the government that Australia is the envy of the developed world. Yet the father of two, who employed 22 people a year ago, now works alone and says he’ll be voting against Prime Minister Julia Gillard in the Sept. 14 election.
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“It’s just far-fetched to believe that Congress would lower corporate rates at the expense of small business,” says Representative Devin Nunes, a California Republican.
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The Bank of Japan is considering boosting its consumer-price outlook to signal confidence it will meet a pledge to achieve 2 percent inflation in two years, people familiar with the central bank’s discussions said.
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Turkey raised the tax it levies on alcoholic drinks, tobacco products, mobile phones and cars through a special consumption tax.
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The prospect of meaningful tax reform has become the hot topic in the hearing rooms and, just as important, the back rooms of Washington.
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