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Govt to slash turnover tax from 1.5pc to 0.5pc

National
May 25, 2021
ISLAMABAD: The government is contemplating upon different options to provide relief to the country’s giant multinational companies including slashing down turnover tax from the existing rate of 1.5 per cent to 0.5 per cent in the upcoming budget.
On a unanimous charter of demands presented by three chambers including Overseas International Chambers of Commerce and Industries (OICCI), Pakistan Business Council (PBC) and American Business Council (ABC) during their virtual meeting with Federal Minister for Finance Shaukat Tarin on Monday, they tabled 10 major demands and reduction in the turnover tax at the existing rate of 1.5 per cent was described as a matter of their survival so they demanded reducing it to 0.5 per cent in the upcoming budget. The FBR high-ups were also present in the meeting. ....

United States , Shaukat Tarin , Abdul Razak Dawood , Pakistan Business Council , Economic Advisory Council , American Business Council , International Chambers Of Commerce , Pakistan Chamber , Pak Us Business Council , Investment Chamber , Overseas International Chambers , Federal Minister , Finance Shaukat Tarin , General Sales Tax , Afghan Transit Trade , Through Finance Act , Finance Act , Sales Tax Act , Customs Act , Taxation Regime , Advance Tax , Green Leaf Threshing Process , Custom Act , Revenue Shaukat Tarin , Overseas Investment Chamber , Commerce Abdul Razak Dawood ,

Govt to slash down turnover tax from 1.5pc to 0.5pc

National
May 25, 2021
ISLAMABAD: The government is contemplating upon different options to provide relief to the country’s giant multinational companies including slashing down turnover tax from the existing rate of 1.5 per cent to 0.5 per cent in the upcoming budget.
On a unanimous charter of demands presented by three chambers including Overseas International Chambers of Commerce and Industries (OICCI), Pakistan Business Council (PBC) and American Business Council (ABC) during their virtual meeting with Federal Minister for Finance Shaukat Tarin on Monday, they tabled 10 major demands and reduction in the turnover tax at the existing rate of 1.5 per cent was described as a matter of their survival so they demanded reducing it to 0.5 per cent in the upcoming budget. The FBR high-ups were also present in the meeting. All three chambers were unanimous in their demand that this turnover tax should be imposed on the basis of profits instead of turnover, but the governm ....

United States , Shaukat Tarin , Abdul Razak Dawood , Pakistan Business Council , Economic Advisory Council , American Business Council , International Chambers Of Commerce , Pakistan Chamber , Pak Us Business Council , Investment Chamber , Overseas International Chambers , Federal Minister , Finance Shaukat Tarin , General Sales Tax , Afghan Transit Trade , Through Finance Act , Finance Act , Sales Tax Act , Customs Act , Taxation Regime , Advance Tax , Green Leaf Threshing Process , Custom Act , Revenue Shaukat Tarin , Overseas Investment Chamber , Commerce Abdul Razak Dawood ,

Eurovision Song Contest ends with win for Italy's Maneskin

Eurovision Song Contest ends with win for Italy s Maneskin
Entertainment
Sun, May 23, 2021
ROTTERDAM: Italian rockers Maneskin won the Eurovision Song Contest in Rotterdam on Saturday, hailing the kitschy tournament´s return from a year off due to coronavirus as bringing a message of hope to the world.
The high-kicking lederhosen and eyeliner-wearing Italians, who were favourites for victory, beat off stiff competition from France and Switzerland with their song Zitti e Buoni .
Italy´s third Eurovision win and its first since 1990 capped a night of glitz and glamour in the Dutch port city, despite tough pandemic restrictions that limited the live audience to just 3,500 people. ....

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Reservations required at the Manitou Incline this summer

Reservations required at the Manitou Incline this summer
koaa.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koaa.com Daily Mail and Mail on Sunday newspapers.

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The Government's KiwiSaver moves will apply 'competitive pressure' to funds market

The Government s KiwiSaver moves will apply competitive pressure to funds market
14 May, 2021 01:54 AM
3 minutes to read
Finance Minister Grant Robertson has announced a shakeup of Kiwisaver.
Jason Walls is a political reporter for the New Zealand Heraldjason.walls@nzme.co.nz@Jasonwalls92
Finance Minister Grant Robertson says the Government s major KiwiSaver shakeup will apply competitive pressure to other private fund managers to slash their fees.
I think and I hope that this will lead to a greater level of competition, and they will lead to a lowering of fees, he told media this morning.
He said that KiwiSaver fees have been too high for too long and the Government s move will help deliver a much-needed shakeup. ....

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