Category: Plans
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Treasury revives plans to tax popular infrastructure bonds
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National Treasury has revived plans to impose a 5% withholding tax on interest earned on infrastructure bonds with maturities of at least three years. Infrastructure bonds (IFBs) have been tax-free since they were first issued in February 2009 – meaning they will be subject to tax for the first time…
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Wine prices to rise, beer to fall in new tax plans
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Wine prices are expected to rise while the cost of beer will fall under new proposals from the National Treasury, which has imposed excise duty on drinks based on their alcohol content by volume. The Excise Laws (Amendment) Bill, 2024 seeks to restructure the excise duty rate on wine and…
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Circle CEO Says IPO Plans Remain Active Amidst Possible Troubles For Tether
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Jeremy Allaire, CEO of Circle, confirmed that the stablecoin issuer remains committed to launching an initial public offering (IPO). Interestingly, these comments came amid a controversial report about Tether, Circle’s biggest competitor. Circle’s financial position is strong, and no additional money is needed, says Circle Boss in Interview with Bloomberg…
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Over 80% of UK small business owners fear Autumn Budget could harm growth plans
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A new study has revealed that 86% of UK small business owners are concerned that potential tax rises and policy changes in the upcoming Autumn Budget could hinder their growth. Key concerns include potential increases in income tax, VAT and National Insurance, as well as higher costs arising from regulatory…
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Villagers are wary of plans to dam a river to ensure Panama Canal’s water supply
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Breadcrumb links PMN BMN Business Article writer: Associated Press Alma Solis Posted on October 23, 2024 • 5 minute read You can save this article by registering for free here. Or log in if you have an account. Article content EL GOPO, Panama (AP) — A long wooden boat has…
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China’s GDP, Buyback Plans Fuel Asia Stock Gains: Markets Wrap
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(Bloomberg) — Asian stocks rose as investors digested better-than-expected Chinese economic data and details of an additional share buyback program from the Chinese central bank. Most read from Bloomberg Stocks in China and Hong Kong extended gains after the People’s Bank of China said it had established a re-lending mechanism…
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Dollar holds gains while investors parse China’s stimulus plans By Reuters
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Written by Vidya Ranganathan SINGAPORE (Reuters) – The dollar maintained its gains and even extended some gains in Asian trading on Monday as a holiday in Japan drained liquidity, leaving somewhat disappointing Chinese stimulus announcements at the end of the week the focus of market attention. The euro fell 0.13%…
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Dollar holds gains while investors parse China’s stimulus plans By Reuters
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Written by Vidya Ranganathan SINGAPORE (Reuters) – The dollar maintained its gains and even extended some gains in Asian trading on Monday as a holiday in Japan drained liquidity, leaving somewhat disappointing Chinese stimulus announcements at the end of the week the focus of market attention. The euro fell 0.13%…
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Thousands of UK Boeing jobs at risk as manufacturer plans global cuts
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More than 4,000 Boeing employees in the UK face uncertainty, as the US aerospace giant prepares to cut 17,000 jobs globally, nearly 10% of its workforce. Boeing’s UK operations, including its only European manufacturing facility in Sheffield, may be affected by significant job cuts, as the company faces financial challenges.…
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Business owners speed up plans to sell amid fears of tax rises in upcoming budget
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Growing concerns about tax rises have prompted nearly 30% of UK business owners to accelerate plans to sell their companies, according to new analysis by wealth management firm Evelyn Partners. The survey, of 500 business owners with revenues of at least £5m, found that 29% of respondents had accelerated their…
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Business owners speed up plans to sell amid fears of tax rises in upcoming budget
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Growing concerns about tax rises have prompted nearly 30% of UK business owners to accelerate plans to sell their companies, according to new analysis by wealth management firm Evelyn Partners. The survey, of 500 business owners with revenues of at least £5m, found that 29% of respondents had accelerated their…
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Oracle shelves plans to build data center in Israel
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The American technology giant Oracle (NYSE: ORCL) was one of the first companies to rent a powerful underground data center in Israel to provide its clients – banks, health funds and defense forces, with artificial intelligence processing, data management and information storage services. Even before Microsoft, Amazon and Google built…
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Oracle shelves plans to build data center in Israel
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The American technology giant Oracle (NYSE: ORCL) was one of the first companies to rent a powerful underground data center in Israel to provide its clients – banks, health funds and defense forces, with artificial intelligence processing, data management and information storage services. Even before Microsoft, Amazon and Google built…
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Private Christian Schools to sue government over VAT plans
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Three private Christian schools and a group of parents are preparing to launch a legal challenge against the government’s plan to impose value-added tax on school fees. Emmanuel School in Derby, the Christian Branch School in Yorkshire and King’s School in Hampshire, along with parents, claim that the tax would…
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Treasury plans higher tax on Israel’s wealthiest
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As part of its plans to manage the fiscal deficit in 2025, the Ministry of Finance proposes to increase the additional tax on passive income such as interest. The Ministry proposes to raise the additional tax from its current rate of 3% to 5%, and expand it to include those…
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Bank of Japan rate hike plans “face political curve ball”
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We’ve followed the political machinations in Japan as they work to fend off the Bank of Japan’s interest rate hike plans. Reuters published this article late last week, ICYMI, and I updated it today. Worth reading for a summary of Japan’s interest rate hike policy: Bank of Japan Governor Kazuo…
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Bank of Japan rate hike plans “face political curve ball”
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We’ve followed the political machinations in Japan as they work to fend off the Bank of Japan’s interest rate hike plans. Reuters published this article late last week, ICYMI, and I updated it today. Worth reading for a summary of Japan’s interest rate hike policy: Bank of Japan Governor Kazuo…
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Novo Nordisk has mitigation plans to minimize disruption from port strikes, CNBC reports By Reuters
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(Reuters) – Danish drugmaker Novo Nordisk (NYSE:) has mitigation plans to reduce or prevent any interruptions in its production due to U.S. seaport strikes, CNBC reported on Tuesday, citing a company spokesperson. The report added that the famous pharmaceutical manufacturers, Wegovy and Ozempic, are planning to ship their products to…
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Health insurers unveil Medicare Advantage plans for 2025 By Reuters
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(Reuters) – CVS Health (NYSE:) and Cigna (NYSE:) on Tuesday released details on next year’s government-backed health insurance plans for people 65 and older, saying some members will pay a $0 monthly premium for drugs. described. These announcements come ahead of the start of enrollment in Medicare Advantage plans on…
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Drakeford plans new tax hit on private schools in Wales
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Private schools in Wales are likely to lose their charitable status from April 2024 under new proposals put forward by the Welsh Labour government. The move will require fee-paying schools to pay local taxes, a change that is expected to bring in an extra £1.3m a year. It follows UK-wide…