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French President Francois Hollande shifts position on Tobin tax, money for environment

2015-01-05 13:28:00| Climate Ark Climate Change & Global Warming Newsfeed

Agence France-Presse: French President Francois Hollande shifted position Monday on implementing a long-sought financial transactions tax in Europe and said the money should go towards projects aimed at mitigating climate change. In an interview on France Inter radio Hollande said such a tax should be put in place next year in willing European countries on "all financial products at a low rate". That is a shift of position for France, whose insistence that financial derivatives products important for French banks be...

Tags: money position french environment

 

BIR to impose 1pct withholding tax on raw sugar

2015-01-05 07:45:17| Sugar Industry News

MANILA - The Bureau of Internal Revenue (BIR) will impose a one percent creditable withholding tax on income payments on locally produced raw sugar.

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Car dealers: tax decrease isn't enough

2015-01-04 09:17:55| Auto Dealers - Topix.net

The head of the ACARA car dealership association has made it clear that while he welcomed the move to increase the threshold to charge the luxury tax for cars, the 15 percent increase would "not resolve" the reduced demand for top-of-the-line models. The government announced the 15 percent increase on December 31, 2014 and according to Rubn Beato, ACARA secretary-general, the tax will still be applicable on the sales of "premium imported cars" as they include expensive technology that keeps them above the 274,400-peso threshold, up from the previous 238,600 peso- threshold.

Tags: car tax decrease dealers

 

India Scraps Tax Breaks On Automobiles

2015-01-03 02:19:44| Auto Dealers - Topix.net

India is growing into an automotive hub, with foreign auto players showing interest in setting up their manufacturing shop in the country where labor is cheap, and the economy is showing signs of revival. Auto sales across the country have seen a plunge early this year, which led the government to continue with the tax breaks until the end of this year.

Tags: tax india breaks automobiles

 

NW&RA Backs Federal Tax Incentives Extension

2015-01-02 17:17:00| Waste Age

The National Waste & Recycling Association (NW&RA) endorsed the move by Congress and President Barrack Obama to extend several expiring tax incentives for the 2014 calendar year. read more

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