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Effects of new foreign homebuyer tax remain to be seen: experts

The effects of an extra property tax on foreign homebuyers remain to be seen although the government wanted to cool Vancouver's extremely hot housing market, said experts on Thursday.

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Effects of new foreign homebuyer tax remain to be seen: experts

The effects of an extra property tax on foreign homebuyers remain to be seen although the government wanted to cool Vancouver's extremely hot housing market, said experts on Thursday.

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Indian parliament passes landmark GST bill

Indian parliament Wednesday passed the landmark Goods and Services Tax (GST) bill, the country' s biggest tax reform since its independence from Britain in 1947.

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Draft of real estate tax law expected to unveil in 2017, tax rate a concern

Legislation on real estate tax once again becomes a highlight on the market. This issue was proposed by the finance minister Lou Jiwei this time.

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Lou Jiwei: help but not bailout

Violations of contracts are increasingly seen in the iron & steel and coal industries in China since 2016 with some central state-owned enterprises (SOEs) involved too. What’s the role played by central finance in removing risks of SOEs?

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Indonesia gears up to brace for implementation of tax amnesty program

Indonesia is now gearing up to welcome the repatriation of funds from its taxpayers deposited in foreign countries through the implementation of tax amnesty program with many of its agencies now prepare additional services to welcome the funds and possible investments at home to accommodate the funds.

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Foreign trusts to face new disclosure regime in New Zealand

The New Zealand government is to tighten up its lax foreign trust rules after an official inquiry found last month that they could be exploited to hide ill- gotten gains or evade tax.

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Tax haven route won't work for post-Brexit UK, OECD says

British flag and European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium, June 28, 2016.

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Tax hike delay hurts credibility of Abe's words, fiscal discipline

Prime Minister Shinzo Abe’s second postponement of the consumption tax hike raises doubts not only about the credibility of his words but also the government’s commitment to repair its tattered fiscal condition.

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"Abenomics" likely to plunge Japan into "black hole"

​As Japanese Prime Minister Shinzo Abe Wednesday decided to further delay a sales tax hike, "Abenomics" has been labeled a failure. World financial experts believe that the palliative and ineffective "Abenomics" will likely plunge Japan's economy into a "black hole."

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Abe announces tax hike delay, paves way for poll

Japan's Prime Minister Shinzo Abe on Wednesday officially announced his decision to postpone a consumption tax hike scheduled for April by 2½ years, setting the stage for the upcoming House of Councillors election.

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Proactive fiscal policy expected to boost three sectors

China’s economy still faces downside pressure in the second half year. With the continuous introduction of proactive fiscal policies, the economy is likely to bottom out. Industry insiders indicated that the macroeconomic adjustment will transfer to “ease fiscal policy plus stable monetary policy”.

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Japanese PM announces sales tax delay in sign of faltering "Abenomics"

Japanese Prime Minister Shinzo Abe said on Wednesday that he will further delay an already controversial planned tax hike from April 2017 to October 2019 in a sign that his once-revered "Abenomics" blend of economic policies has failed to breathe life into Japan's ailing economy.

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Abe announces sales tax delay in sign of faltering "Abenomics"

​Japanese Prime Minister Shinzo Abe on Wednesday announced he will delay an already controversial planned tax hike further from April 2017 to October 2019 in a surefire sign that his once-revered "Abenomics" blend of economic policies has failed to breathe life into Japan's ailing economy.

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Abenomics on ropes amid repeated delays of sales tax hike

The cabinet of Japanese Prime Minister Shinzo Abe on Tuesday survived a no-confidence motion thanks to the majority of seats secured by the Abe-led ruling bloc in the lower house of the parliament.

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Japan's factory output rises despite quakes

Japan’s industrial production edged up in April, data showed Tuesday, despite factory shutdowns sparked by a pair of deadly earthquakes that rocked southern Kyushu.

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Abe seeks parties' support for delaying tax rate hike

Prime Minister Shinzo Abe sought understanding from senior members of his Liberal Democratic Party on Monday over his intention to postpone the consumption tax rate hike to 10 percent by 2½ years.