Tag: taxes

Saturday, September 22nd 2018 - 08:24 UTC
Bolsonaro reprimands his chief economic advisor over new taxes controversy

The key economic adviser to Brazil's leading presidential candidate cancelled two campaign events on Friday amid a disagreement with his boss. Market-friendly Paulo Guedes, the main adviser of far-right candidate Jair Bolsonaro, canceled events at the American Chamber of Commerce and broker XP Investimentos in Sao Paulo.
Wednesday, September 19th 2018 - 08:50 UTC
Tit for tat: China adds US$ 60bn of US imports to its tariff retaliation list

China and the United States plunged deeper into a trade war on Tuesday after Beijing added US$60 billion of US products to its import tariff list in retaliation for President Donald Trump's planned levies on US$200 billion worth of Chinese goods.
Saturday, September 15th 2018 - 08:42 UTC
Trump ready to move with a next round of tariffs on Chinese goods

United States President Donald Trump has instructed staff to move forward with the next round of tariffs on Chinese goods, US media have reported. The tariffs are expected to apply to about US$ 200bn worth of imports from China, including electronic parts and consumer goods such as handbags.
Monday, September 3rd 2018 - 19:17 UTC
Macri admits the seriousness of the situation and Dujovne is off to meet with IMF

President Mauricio Macri unveiled plans on Monday to raise export taxes on grains and slash the number of government ministries in a bid to balance its budget next year, as Argentina seeks a deal with the IMF to accelerate a US$ 50 billion standby loan program.
Friday, August 31st 2018 - 09:04 UTC
Chile reduces air boarding taxes by 20%, effective September first

Chilean Minister of Finance Jose Ramon Valente, via its official Twitter account, announced a “20% reduction in the boarding taxes, which will reduce air fares” in the country, both for international and domestic flights. He added “traveling overseas no longer is a privilege for the well off”.
Thursday, August 23rd 2018 - 09:02 UTC
Labour leader Corbyn to propose tax on tech giants to pay for public interest journalism

A windfall tax could be levied on tech giants such as Google, Amazon and Facebook to pay for public interest journalism, Jeremy Corbyn is expected to announce. The Labour leader will call for radical reform of the media landscape in a speech at the Edinburgh TV Festival.
Thursday, August 23rd 2018 - 08:21 UTC
Despite trade talks, US and China will impose fresh tariffs beginning Thursday

United States and China are expected to impose fresh tariffs on US$ 16bn of each other's goods on Thursday as their tit-for-tat trade war rages on. The second round of tariffs will see a total of US$ 50bn worth of goods from each side that will now be taxed. Since the opening salvo in July, tensions between the world's two largest economies have escalated, hurting their companies and economies.
Tuesday, July 3rd 2018 - 08:27 UTC
EU/US auto industry dispute intensifies and prepares for worst case scenario

European Union on Monday slammed the Trump administration for considering tariffs on auto imports, saying they could lead to global retaliation against some US$ 300 billion in U.S. goods amid signs of a brewing trade war.
Monday, July 2nd 2018 - 08:31 UTC
Leading world car makers urge US not to impose tariffs on auto imports

BMW and Hyundai Motor urged the U.S. not to impose tariffs on auto imports, joining General Motors Co. in pressing their case to the Commerce Department even as a top aide to President Donald Trump dismissed the concerns as “smoke and mirrors.”
Monday, June 25th 2018 - 08:13 UTC
EU imposes retaliatory tariffs on US goods: bourbon, motorcycles, orange juice

The European Union (EU) has introduced retaliatory tariffs on US goods as a top official launched a fresh attack on President Donald Trump's trade policy. The duties on €2.8bn worth of US goods came into force on Friday. Tariffs have been imposed on products such as bourbon whiskey, motorcycles and orange juice.