Taxes
CNMC Goldmine shares fall 1.8% on extra tax, penalty in Malaysia
After falling as much as 7.3%, the stock recovers to close S$0.02 lower
CNMC plans to appeal against additional tax assessment of RM29.6 million imposed on Malaysian unit
The notices were raised in relation to the disallowance of management fee expenses paid by the subsidiary to the gold-mining company
US threatens retaliation over ‘unreasonable’ EU tech regulations
USTR said European companies could be targeted as retaliation
Trump administration plans to boost tax break for corporations
THE US Treasury Department is preparing to release a corporate tax workaround that would deliver large tax savings to companies including Salesforce and Qualcomm.
Trump says he may cut income tax ‘completely’ because of tariff income
[PALM BEACH, Florida] US President Donald Trump said on Thursday his administration may slash income tax completely over the next couple of years because of government revenue generated from tariffs.
Britain tries to fix its frayed relations with world’s rich
TECH billionaires, the owners of Premier League football teams and heirs to some of Europe’s oldest fortunes all recently left the UK because of higher taxes. Now, Britain’s finance minister is quietl...
Bankers groan at UK tax rise even as lenders rally after Budget
New tax rates for dividends, property and savings income and a decision to tinker with the treatment of cash savings accounts added to the gloom
UK expects bigger non-dom tax take despite billionaire exits
Meantime, other nations, such as Italy and Greece, have lured some of Britain’s globally mobile population
UK to unveil tax-raising budget
[LONDON] Britain’s centre-left Labour government is set to unveil a tax-raising budget on Wednesday to curb debt and fund public services, while aiming to reassure financial markets and voters alike.
All eyes on UK’s Reeves and her tax moves at Nov 26 Budget
If the Chancellor raises income tax rates, it would be a major U-turn of the Labour Party’s 2024 election promises
