Former finance minister Dr Pant dies at 82
Former Finance Minister Dr Yadav Prasad Pant passed away on Wednesday at the age of 82 while undergoing treatment at Bumrungrad Hospital in Thailand. Dr Pant, the first Nepali to receive Doctorate in Economics in 1952, had also attained Doctorate in Economics Literature in 1976.
Exporters, hit by rising rupee, on Wednesday met commerce ministry officials and demanded that the government should consider fixing the value of US dollar for exports only. Finance minister P Chidambaram will meet exporters from the textile sector on Thursday to evaluate the impact of rupee appreciation. Federation of Indian Export Organisations president GK Gupta said, “In the wake of high …
Read More at Indian Express via Yahoo! India News…
Publishers Lunch , an industry newsletter, reports that the New York State Department of Taxation and Finance has declared that an e-commerce site (such as Amazon.com ) which provides compensation or commission on sales derived from links to an individual’s site is responsible for sales tax on all purchases made through “vendors” or “representatives” with a “physical presence” in the state.
EU finance ministers clash over taxes
EU finance ministers failed to agree on extending a lower-tax-regime in five EU member states – Cyprus, Malta, Poland, Slovenia and the Czech Republic – granted to them when they joined the EU in 2004, EU Observer reported. The exemptions – related to for example certain books, construction work or restaurant services – are to expire at the end of this year, with the countries fearing the …
Read More at Maltamedia.com Daily News…
New York’s About-Face on E-Commerce Taxation
New York governor rescinds new policy that could have meant the end of the tax-free Internet consumers have come to know and love.
Read More at InternetNews.com…
China’s global offensive; strategy, management, finance, politics, outsourcing, oil
Is booming Chinese economy and finance sustainable? What is behind rising China? Are the Chinese going to dominate world finance, trade, outsourcing, commerce, technology, investment, labor, politics in this century? Talk to leading thinker George Zhibin Gu.
