10:01 am - Thursday April 17, 2014

Archive: Finance Subscribe to Finance

JAPAN-ECONOMY-SHOPPING-TAXATION-DEBT

Tax increase in Japan to have impact on other Asian economies

The recent sales tax increase of 8% in Japan has been brought into effect as of April 1, 2014. Following the tax hike, consumers in Japan are finding it difficult to deal with financial issues. However, Japan is not the only country in Asia...
An employee counts money at a fuel station in Kolkata

Petrol prices in India to be reduced this week

There are chances that petrol prices in India will be reduced by state-run oil marketing companies this week. The price reduction is expected to be less than Re. 1 per liter, as appreciation of the Indian rupee against the American dollar has...
tax

Indonesia planning to impose 20% tax on mobile phones

Trade Ministries along with Indonesia’s Industry have decided to impose a 20% luxury goods sales tax on mobile phones. The latest move will improve growth in the country’s infant industry. MS Hidayat, the industry minister said that...
working

Japanese Prime Minister might reduce tax benefits for women

The reflation campaign by the Japanese Prime Minister Shinzo Abe in 2013 attracted many women to work. It has been reported that Abe is now planning to reduce tax benefits for spouses with limited earnings. The country’s administration...
Abandoned Field in Guangdong Province

China finding new ways to raise funds to deal with climate change

An official at China’s top economic planner stated on April 1, 2014 that it is likely that the country will be selling its debt and finding new ways to raise funds in order to deal with climate change. During a three-day climate conference,...
exports

Latest tax rebate policy in China to improve exports

The latest tax policy in China will enable trade service companies to apply for exemptions for export goods or tax rebates. The new policy will help businesses to expand trade growth, as well as encourage domestic small and medium-sized companies...
sales

Japanese consumers go on shopping spree before tax increase

The Asian country of Japan is soon going to have its first sales tax increase in years. Due to this, shoppers in Japan are busy buying a number of goods ranging from gold to ice cream. The government of Japan has decided to increase the country’s...
yuan centre

China and Germany planning to launch offshore yuan center

Beijing and Berlin are teaming up in order to launch an offshore yuan trading center on March 28, 2014, after the president of China, Xi Jinping visited Germany during his European tour. The central banks of the two countries – the People’s...
japan

Japan to provide one-time cash handouts to families with young children

Japanese government is set to offer a special child benefit worth ¥10,000 to households all across the nation who have children aged 15 or younger. The special child benefit will be given in order to offset the consumption tax increase to 8...
bitcoin

China’s central bank halts online payments

The central bank of China halted popular credit card services, as well as barcode-based mobile payments. The recent move has been made due to the cutthroat competition in the country’s online finance services. A statement was issued by...