Government Finances

China’s local government finances to suffer ‘interim’ impact due to virus

China’s local government finances to suffer ‘interim’ impact due to virus

Published 24/02/2020

BEIJING (Reuters) - China’s local governments will suffer an “interim impact” on fiscal revenue and expenditure from the virus epidemic that the country has so [more…]

More UK spending? Higher taxes look inevitable: think-tank

More UK spending? Higher taxes look inevitable: think-tank

Published 24/02/2020

LONDON (Reuters) - Britain’s new finance minister Rishi Sunak will have to raise taxes rather than rely on tweaks to budget rules if he wants [more…]

No global digital tax by end-2020 would mean chaos: France

No global digital tax by end-2020 would mean chaos: France

Published 23/02/2020

RIYADH (Reuters) - Failure to reach a global deal on where and how much to tax digital giants such as Google (GOOGL.O), Amazon (AMZN.O) or [more…]

Hughes fears Indian closure, bank disruptions over unpaid fees

Hughes fears Indian closure, bank disruptions over unpaid fees

Published 23/02/2020

NEW DELHI (Reuters) - U.S. satellite broadband provider Hughes Network Systems may have to shut its Indian operations due to unpaid levies owed to the [more…]

Euro zone ministers discuss fiscal boost options as virus worries weigh

Euro zone ministers discuss fiscal boost options as virus worries weigh

Published 17/02/2020

BRUSSELS (Reuters) - Euro zone finance ministers discussed ways to pursue a more growth-friendly fiscal policy mix on Monday, in a potential nudge to Germany [more…]

Euro zone to cautiously pave the way for more fiscal stimulus

Euro zone to cautiously pave the way for more fiscal stimulus

Published 17/02/2020

BRUSSELS (Reuters) - Euro zone finance ministers are set to discuss on Monday a document that calls for a more growth-friendly fiscal policy, a move [more…]

Amazon, Flipkart seek rollback of new Indian tax on online sellers

Amazon, Flipkart seek rollback of new Indian tax on online sellers

Published 16/02/2020

NEW DELHI (Reuters) - Amazon and Walmart’s Flipkart are among online retailers demanding that India scale back a proposed tax on third-party sellers on their [more…]

White House calls for biggest NASA budget in decades to reach the moon, Mars

White House calls for biggest NASA budget in decades to reach the moon, Mars

Published 10/02/2020

WASHINGTON (Reuters) - The White House on Monday asked Congress for $25.2 billion for NASA in 2021, the agency’s biggest budget in decades, calling for [more…]

Factbox: Indonesia’s parliament debates sweeping new tax bill

Factbox: Indonesia’s parliament debates sweeping new tax bill

Published 10/02/2020

JAKARTA (Reuters) - Indonesia’s parliament will soon begin debating a sweeping new bill that proposes corporate tax cuts and seeks to make internet giants pay [more…]

Exclusive: Top lithium miner seeks to monitor water scarcity in parched Chile salt flat

Exclusive: Top lithium miner seeks to monitor water scarcity in parched Chile salt flat

Published 10/02/2020

SANTIAGO (Reuters) - With residents and courts ringing the alarm about depleted water supplies in Chile’s Atacama salt flat, the world’s top lithium miner Albemarle [more…]