China is considering raising tobacco taxes and cigarette prices to reduce the number of smokers in the country, said an official on Wednesday.
Japan's Prime Minister Shinzo Abe has called on his ruling Liberal Democratic Party's tax panel Tuesday to compile a fixed proposal of the details of a corporate tax cut plan as part of the government's bid to overhaul its economic and fiscal policies to be ratified this month.
Unwelcome taxes recently exposed all across China are symptomatic of the financial burden that local governments are forced to shoulder against the backdrop of a slowing economy and spiraling debt.
The online sales tax act is not fair and could bring damage to small enterprises and the jobs they create, said John Donahoe, chief executive officer of eBay Inc., one of the world's leading e-commerce companies, Tuesday.
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