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India Inc Seeks Cut In Personal Income Tax Rates At Pre-Budget Meet
Industry bodies also raised the issue of dumping of excess stock by China globally, including in India, and challenges posed to food security and inflation due to the "climate emergency", during the fifth pre-Budget consultation meeting.
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Donald Trump Vows Big Tariffs On China, Canada On Day 1 In Office
US President-elect Donald Trump said Monday he intends to impose sweeping tariffs on goods from Mexico, Canada and China, prompting a swift warning from Beijing that "no one will win a trade war."
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EU-China EV Tariff Dispute: Beijing Requests Automakers To Stop Expanding in Europe
China is putting demand on its automakers to halt expansion in the European union (EU) due to the increasing conflicts over Electric Vehicles (EV). A hold on active searches is demanded by China. This tension rose when customs taxes levied by the European Union increased significantly
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US In "Stronger Position" To Win Against China Than Anyone Else: Joe Biden
US President Joe Biden called for higher taxes on corporations Thursday in his State of the Union address, while pushing for lower medicine costs and improved housing affordability, as he sought to allay concerns over the economy.
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Taiwan Official Says China's Foxconn Probe Aims To Disrupt Elections: Report
Taiwan's national security chief has claimed that a Chinese tax probe into Taiwanese tech giant Foxconn is a "political" move.
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Foxconn Under Investigation, China Urges Taiwan Firms To...
China on Wednesday urged Taiwanese firms operating in the country to show "responsibility", after Beijing launched a probe into tech giant Foxconn over tax and land irregularities.
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Taiwan Defends Tech Giant Foxconn Over China's Tax Investigation
Taiwan defended tech giant Foxconn on Monday after China launched an investigation into several of the firm's sites, saying that Taiwanese businesses should not be subjected to "political interference".
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Income Tax Raids Bengaluru Office Of China Computer Maker Lenovo: Report
The income tax officials visited on Wednesday a factory of Chinese Personal Computer maker Lenovo Puducherry and one of its offices in Bengaluru city as part of an inquiry, two sources told Reuters.
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India To Reject Call For Anti-Subsidy Tax On Some Chinese Steel Products
India will not impose countervailing duty (CVD) on select steel products imported from China despite a recommendation from trade officials and lobbying from local steel manufacturers, a government source told Reuters.
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Tesla Executives Said to Plan Meeting With Government Officials This Week in Pivot Beyond China
Tesla executives are said to plan a visit to India to meet with government officials as the company attempts to diversity outside of China. The visit is said to include meetings with government officials and representatives of the Prime Minister's Office. Tesla CEO Elon Musk previously criticised the government's EV policies and high import taxes, ...
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US Government May Impose Disciplinary 30 Percent Taxes on Crypto Miners: Details
The US is mulling on imposing a punitive tax on companies and individuals indulging in crypto mining in the country. Soon, the US could ask crypto miners to pay a tax equal to 30 percent of the total energy cost that they consume in mining cryptocurrencies.
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South Korea Proposes Stronger Incentives, Bigger Tax Breaks to Boost Critical Chip Sector
South Korea plans to introduce bigger tax breaks for chip manufacturers in the country, a month after a law allowing for new incentives was passed. The country has been caught between the US and China in an escalating fight over critical semiconductors, which are used in a wide range of electronic devices from smartphones to missiles.
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Taiwan Proposes Bigger Tax Breaks for Chipmakers' Research, Development to Retain Competitive Edge
Taiwan's government has proposed larger tax breaks for chipmakers' research and development into semiconductor technology, as the island nation looks to retain its competitive edge. Governments around the world have been touting incentives to bring chip production onshore, in the wake of a global chip shortage.
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Xiaomi Feels Sting of China COVID Curbs With 20 Percent Fall in Q2 Revenue, Smartphone Sales Fall 29 Percent
Xiaomi reported a 20 percent drop in revenue year-on-year, as the smartphone giant felt the sting of Covid-19 curbs and restrictions in China. The firm’s stock price has tumbled nearly 40 percent since the start of 2022, hit by the slowing Chinese economy and weakening overseas growth.
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Centre Sent Notice To 3 Chinese Firms For Tax Evasion: Nirmala Sitharaman
he government is looking into cases of alleged tax evasion by three mobile companies of China and notices have been given to them, Finance Minister Nirmala Sitharaman informed Rajya Sabha today.
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India Inc Seeks Cut In Personal Income Tax Rates At Pre-Budget Meet
Industry bodies also raised the issue of dumping of excess stock by China globally, including in India, and challenges posed to food security and inflation due to the "climate emergency", during the fifth pre-Budget consultation meeting.
-
Donald Trump Vows Big Tariffs On China, Canada On Day 1 In Office
US President-elect Donald Trump said Monday he intends to impose sweeping tariffs on goods from Mexico, Canada and China, prompting a swift warning from Beijing that "no one will win a trade war."
-
EU-China EV Tariff Dispute: Beijing Requests Automakers To Stop Expanding in Europe
China is putting demand on its automakers to halt expansion in the European union (EU) due to the increasing conflicts over Electric Vehicles (EV). A hold on active searches is demanded by China. This tension rose when customs taxes levied by the European Union increased significantly
-
US In "Stronger Position" To Win Against China Than Anyone Else: Joe Biden
US President Joe Biden called for higher taxes on corporations Thursday in his State of the Union address, while pushing for lower medicine costs and improved housing affordability, as he sought to allay concerns over the economy.
-
Taiwan Official Says China's Foxconn Probe Aims To Disrupt Elections: Report
Taiwan's national security chief has claimed that a Chinese tax probe into Taiwanese tech giant Foxconn is a "political" move.
-
Foxconn Under Investigation, China Urges Taiwan Firms To...
China on Wednesday urged Taiwanese firms operating in the country to show "responsibility", after Beijing launched a probe into tech giant Foxconn over tax and land irregularities.
-
Taiwan Defends Tech Giant Foxconn Over China's Tax Investigation
Taiwan defended tech giant Foxconn on Monday after China launched an investigation into several of the firm's sites, saying that Taiwanese businesses should not be subjected to "political interference".
-
Income Tax Raids Bengaluru Office Of China Computer Maker Lenovo: Report
The income tax officials visited on Wednesday a factory of Chinese Personal Computer maker Lenovo Puducherry and one of its offices in Bengaluru city as part of an inquiry, two sources told Reuters.
-
India To Reject Call For Anti-Subsidy Tax On Some Chinese Steel Products
India will not impose countervailing duty (CVD) on select steel products imported from China despite a recommendation from trade officials and lobbying from local steel manufacturers, a government source told Reuters.
-
Tesla Executives Said to Plan Meeting With Government Officials This Week in Pivot Beyond China
Tesla executives are said to plan a visit to India to meet with government officials as the company attempts to diversity outside of China. The visit is said to include meetings with government officials and representatives of the Prime Minister's Office. Tesla CEO Elon Musk previously criticised the government's EV policies and high import taxes, ...
-
US Government May Impose Disciplinary 30 Percent Taxes on Crypto Miners: Details
The US is mulling on imposing a punitive tax on companies and individuals indulging in crypto mining in the country. Soon, the US could ask crypto miners to pay a tax equal to 30 percent of the total energy cost that they consume in mining cryptocurrencies.
-
South Korea Proposes Stronger Incentives, Bigger Tax Breaks to Boost Critical Chip Sector
South Korea plans to introduce bigger tax breaks for chip manufacturers in the country, a month after a law allowing for new incentives was passed. The country has been caught between the US and China in an escalating fight over critical semiconductors, which are used in a wide range of electronic devices from smartphones to missiles.
-
Taiwan Proposes Bigger Tax Breaks for Chipmakers' Research, Development to Retain Competitive Edge
Taiwan's government has proposed larger tax breaks for chipmakers' research and development into semiconductor technology, as the island nation looks to retain its competitive edge. Governments around the world have been touting incentives to bring chip production onshore, in the wake of a global chip shortage.
-
Xiaomi Feels Sting of China COVID Curbs With 20 Percent Fall in Q2 Revenue, Smartphone Sales Fall 29 Percent
Xiaomi reported a 20 percent drop in revenue year-on-year, as the smartphone giant felt the sting of Covid-19 curbs and restrictions in China. The firm’s stock price has tumbled nearly 40 percent since the start of 2022, hit by the slowing Chinese economy and weakening overseas growth.
-
Centre Sent Notice To 3 Chinese Firms For Tax Evasion: Nirmala Sitharaman
he government is looking into cases of alleged tax evasion by three mobile companies of China and notices have been given to them, Finance Minister Nirmala Sitharaman informed Rajya Sabha today.
