Proposed cuts in taxes and deficit delight the markets
Article Abstract:
Indian Finance Minister P. Chidambaram has reduced the corporate taxes to 35% from 40% and removed the 7.5% surcharge and changed the minimum tax, and allowed firms to repurchase their stocks and eliminate double tax on dividend payments. He also said that the deficit will decline to 4.5% on gross domestic products for the year starting April 1, 1997 from 5% during the previous year. The move was hailed by industry and financial markets since it surpassed expectations. The imposition of the reduced tax is specifically expected to trigger demand, higher industrial production, and growth in businesses.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1997
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Japan should seize a supply-side opportunity
Article Abstract:
Japan may bail itself out from recession if Prime Minister Obuchi's government makes true its promise on tax measures. The new government promises to cut marginal income-tax rate from 65% to 50%, and corporate tax from 46% to 40%. These are part of a reform package set towards economic recovery. In addition, the government must have the political will to install permanent tax cuts especially, on the supply side, in order to revitalize entrepreneurship in Japan.
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1998
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How to stay one step ahead when the taxman cometh: timing and research can help avoid pitfalls and make relocation a bit less taxing
Article Abstract:
Taxpayers should have a pre-move reconnaissance of the basic taxation issues in certain countries because different countries may have different tax seasons. Ignorance, which may occur either in the employer side or in the employee side, can lead to needless expenses. Some of the potential pitfalls that one faces in moving from one regime to another are: the time of posting and the wording of the employment contract
Publication Name: The Asian Wall Street Journal Weekly
Subject: Business, international
ISSN: 0191-0132
Year: 1999
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