President Joe Biden arrived to speak at the Eisenhower Executive Office Building in Washington on Wednesday.Credit.Oliver Contreras for The New York Times
President Biden issued a new executive order on Thursday barring Americans from investing in Chinese firms linked to the country’s military or engaged in selling surveillance technology both inside and outside of China used to repress dissent or religious minorities.
The new order, which initially lists 59 Chinese firms, substantially expands an order issued in November by President Donald J. Trump. By rewriting that earlier order to include firms engaged in making and deploying the surveillance technology used against Muslim minorities like the Uigurs and dissidents in Hong Kong and in the Chinese diaspora around the globe it intensifies a commercial and ideological battle between Beijing and Washington, one that Mr. Biden has termed the struggle between “autocracy and democracy.”
A country mulls over 5% corporate tax cut for companies employing 100 transgender people: Report
A country mulls over 5% corporate tax cut for companies employing 100 transgender people
The Bangladesh government is considering cutting corporate tax by 5 per cent of companies that will employ around 100 transgender people, stated a report. The country wants to foster inclusion of the third-gender community into mainstream society, stated an official of the Finance Ministry and the National Board of Revenue (NBR).
According to Dhaka Times report, in the upcoming budget for the 2021-22 fiscal year, âcorporate tax is going to be waived if any company recruits 100 members of the transgender community, commonly known as Hijras in Bangladeshâ.
By Reuters Staff
3 Min Read
NEW YORK (Reuters) - U.S. President Joe Biden offered to scrap his proposed 28% corporate tax hike during negotiations with Republicans on an infrastructure package, two sources familiar with the matter said on Thursday, in what would be a major concession by the Democratic president as he works to hammer out a deal.
FILE PHOTO: U.S. President Joe Biden delivers remarks at Joint Base Langley-Eustis in Hampton, Virginia, U.S. May 28, 2021. REUTERS/Ken Cedeno
Biden offered to instead set a minimum tax rate that companies should pay at 15%, sources said. In return, Republicans would have to agree to at least $1 trillion in new infrastructure spending, versus the president’s original proposal for a 2.25 trillion package.