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Stories that are tagged 'sales tax'

Firms Withdraw Challenge To Trinidad's E-Commerce Tax

by Mike Godfrey,, Washington

Last updated 15 hours ago | Tuesday, July 25, 2017

A legal challenge mounted by a number of courier companies to Trinidad and Tobago's new online purchase tax has been withdrawn. Read Full Story


Think Tank Warns Canada Against Over-Taxing Cannabis

by Mike Godfrey,, Washington

Thursday, July 20, 2017

The CD Howe Institute has warned the Canadian Government against imposing overly high taxes on the sale of recreational cannabis, which it said would only encourage consumers to switch to illegal supply. Read Full Story


Japanese Tax Collections Fall For First Time Since 2009

by Mary Swire,, Hong Kong

Friday, July 14, 2017

Japan's Ministry of Finance announced last Wednesday that tax revenues had declined year-on-year for the first time since the 2009 fiscal year, potentially throwing a spanner in the works of Prime Minister Shinzo Abe's drive to re-invigorate the economy via targeted spending and stimulus packages, popularly known as "Abenomics." Read Full Story


Indian GST Rolled Out Nationwide, Including Jammu And Kashmir

by Mary Swire,, Hong Kong

Friday, July 14, 2017

The state of Jammu and Kashmir has adopted India's goods and services tax, seven days after it was rolled out across the rest of the nation. Read Full Story


India's GST Approved By All But One State

by Mary Swire,, Hong Kong

Wednesday, June 21, 2017

The Indian Ministry of Finance announced on June 21 that just one Indian state, Jammu and Kashmir, still needs to approve the State Goods and Services Tax Act ahead of the nationwide roll-out of GST from July 1 Read Full Story


Belize Should Increase Consumption Taxes: IMF

by Ulrika Lomas,, Brussels

Monday, June 19, 2017

Belize should increase the General Sales Tax rate to cut its deficit, the International Monetary Fund has said. Read Full Story


Japan Urged To Adopt 15 Percent VAT Rate

by Mary Swire,, Hong Kong

Monday, June 19, 2017

Japan should commit to new gradual increases to its consumption tax rate, beyond 10 percent, to help rein in its substantial deficit, a new report from the International Monetary Fund says. Read Full Story


India Cuts GST Rates On Numerous Items

by Mary Swire,, Hong Kong

Tuesday, June 27, 2017

India's Finance Minister, Arun Jaitley, on June 11 announced that India will cut goods and services tax on 66 items, ahead of the introduction of the tax from July 1. Read Full Story


CRA Analyzes Canadian Income Tax Gap

by Mike Godfrey,, Washington

Wednesday, June 7, 2017

The Canada Revenue Agency has published a study that estimates that the federal income tax gap was around 6.4 percent in 2014. Read Full Story


Portuguese Banks Must Shoulder New Transactions Tax

by Ulrika Lomas,, Brussels

Monday, June 5, 2017

Banks in Portugal will no longer be able to pass a tax on card transactions on to customers, the country's Assembly has ruled. Read Full Story




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