Boeing to take $4.9 billion charge as 737 Max fallout worsens

Business / Corporate Jul 19, 2019

Boeing to take $4.9 billion charge as 737 Max fallout worsens

Boeing Co. plans to record a $4.9 billion accounting charge related to its beleaguered 737 Max jetliner when the company reports quarterly earnings next week. The after-tax charge, equivalent to $8.74 a share, covers potential concessions and considerations for airline customers who have been forced ...

France to slap new 'ecotax' on plane tickets from 2020

Business Jul 10, 2019

France to slap new 'ecotax' on plane tickets from 2020

France will introduce a new charge on plane tickets from next year, with revenue used to fund environment-friendly alternatives, the country's transport minister said Tuesday. The "ecotax" costing between €1.50 ($1.7) and €18 ($20) will apply to most flights departing in France, Elisabeth Borne said. The ...

Business Jul 3, 2019

Japan's tax revenue hit record ¥60.36 trillion in fiscal 2018

Tax revenue hit a record ¥60.36 trillion in fiscal 2018 on the back of higher wages and dividend payments, the Finance Ministry said Tuesday. Tax revenue in the year through March increased 2.7 percent from a year earlier, surpassing a government estimate of ¥59.93 trillion, ...

Business / Corporate Jun 20, 2019

Japan corporate income hit record high in fiscal 2017

The total income of profitable companies in Japan grew 14.3 percent in fiscal 2017 from a year before to a record ¥67.944 trillion, an estimate by the National Tax Agency showed Wednesday. Corporate spending on items such as entertainment expenses rose 5.1 percent to ¥3.810 ...