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Top News In இறக்குமதி செய்யப்பட்டது வாகனம் பாதுகாப்பு இணக்கம் நாடகம் Today - Breaking & Trending Today

Gold Price Erases $30 of $50 Plunge on Weak US Jobs Data as Real Interest Rates Fall

Gold jumped Friday as new US jobs data missed analyst forecasts and longer-term interest rates fell further below inflation in the bond market ....

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Crews Make Progress on Months-Long Cargo Ship Backlog at LA Ports

Crews Make Progress on Months-Long Cargo Ship Backlog at LA Ports
The twin ports of Los Angeles and Long Beach are seeing progress in reducing one of the worst backlogs of container ships in history waiting in the San Pedro Bay.
As of June 1, there were 11 container ships at anchor in the bay waiting to reach port terminals, which is 10 ships less from the last report May 28. It signals a major decrease and the lowest amount of container ships at anchor since Nov. 22, though two more container ships are set to arrive soon.
The Los Angeles and Long Beach ports have been working to reduce the amount of backlog that saw up to 40 ships at anchorage in early February. While port officials started to see a noticeable uptick in ships last July, ships did not start needing to be anchored in the bay until around last October, when the backlog began. ....

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Digital tax tussles: The Hindu Editorial on preventing a tariff war

The world cannot afford a tariff war to protect digital sector, which has low-tax operations
The United States announced and then immediately suspended a whopping 25% tariff rate on over $2 billion of imports from six countries including India, signalling Washington’s intent to act punitively on its long-held grouse with these nations for their digital services taxes primarily impacting Silicon Valley tech giants. The office of the U.S. Trade Representative (USTR) Katherine Tai said that the tariff proposed on goods from Austria, India, Italy, Spain, Turkey, and the U.K. was approved following a “Section 301” investigation that found these digital taxes to be discriminatory. With the threat of tariffs hanging over these six economies when most of them are limping through a feeble post-COVID-19 recovery, the USTR appeared to project a softening of the blow by adding that the tariffs would be suspended pending ongoing tax negotiations to “provide time for those negotiat ....

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Digital tax tussles - The Hindu

The world cannot afford a tariff war to protect digital sector, which has low-tax operations ....

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Additional tax likely for MNCs importing raw materials

Some traditional companies that do not have a PE in India could also find themselves embroiled in the new tax framework, tax experts said. These firms may have to pay up to 42% of their income in taxes in the country, up from nil now. ....

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