Feb 8, 2017

India to remove cash withdrawal limits

Limits on cash withdrawals will be removed entirely from March 13, India’s central bank said Wednesday, as it left interest rates on hold for the second time since a ban on high-value rupee notes. The Reserve Bank of India capped cash withdrawals after Prime ...

Tokushima anime posters boost city's donation yield

Feb 6, 2017

Tokushima anime posters boost city's donation yield

The city of Tokushima has attracted a record amount of donations after it added anime posters to the list of goods handed out when people contribute to the furusato nozei (hometown tax deduction) system. The posters, made every year since 2009 by local anime ...

Lawyers say U.S. tax plan would break WTO rules

Feb 2, 2017

Lawyers say U.S. tax plan would break WTO rules

A proposed U.S. corporate tax reform would almost certainly contravene international trade rules if implemented, lawyers have said, risking the biggest dispute in the history of the World Trade Organization (WTO). With signs growing that the United States may become more protectionist under President ...

Dec 17, 2016

Japan mulls raising tax grants to local governments

The government is considering raising the amount of tax grants to local governments for the first time in seven years in fiscal 2017 starting next April, informed sources said. The central government plans to boost the amount of grants by nearly ¥300 billion from ...

Trump's Treasury pick targets taxes, trade reforms

Dec 1, 2016

Trump's Treasury pick targets taxes, trade reforms

President-elect Donald Trump’s pick to lead the U.S. Treasury, Steven Mnuchin, said on Wednesday the administration would make tax reform and trade pact overhauls top priorities in order to achieve a sustained pace of 3 percent to 4 percent economic growth. The one-time Goldman ...