May 12, 2010
The Australian Government has released its national budget for the 2010-2011 financial year. The tax system changes and spending cuts detailed within the new budget are expected to return the Government spending to a surplus within two years. On May 11th the Australian Government publicized the 2010-2011 Commonwealth Budget, which “further strengthens the economy and [...]
The Australian Government has released its national budget for the 2010-2011 financial year. The tax system changes and spending cuts detailed within the new budget are expected to return the Government spending to a surplus within two years.
On May 11th the Australian Government publicized the 2010-2011 Commonwealth Budget, which “further strengthens the economy and secures future growth.” According to a statement released alongside the Budget, strict adherence to the planned stipulations will result in net Government debts peaking at 6.1 percent of ... Read More
May 4, 2010
At a recent press conference the Commissioner of Inland Revenue of Hong Kong revealed that tax revenues in the special administrative region of the People’s Republic of China fell by 6 percent during the 2009-2010 financial year. On May 3rd Chu Yam-Yuen, Commissioner of Inland Revenue Department of Hong Kong, held a press conference publicizing [...]
At a recent press conference the Commissioner of Inland Revenue of Hong Kong revealed that tax revenues in the special administrative region of the People's Republic of China fell by 6 percent during the 2009-2010 financial year.
On May 3rd Chu Yam-Yuen, Commissioner of Inland Revenue Department of Hong Kong, held a press conference publicizing the 2009-2010 financial year tax revenue results. In total, HKD 179.1 billion (approx. USD 23.07 billion) was collected, compared to HKD 190.53 billion (approx. 24.5 billion) in ... Read More
Nov 24, 2009
The Rockefeller Institute of Government published a report on November 23rd, showing that tax revenue has fallen across most US states. According to data collected from 44 states, the total tax take in the US fell by 10.7% (or 11.3% if adjusted for inflation) in the third quarter of 2009, compared to the same quarter [...]
The Rockefeller Institute of Government published a report on November 23rd, showing that tax revenue has fallen across most US states.
According to data collected from 44 states, the total tax take in the US fell by 10.7% (or 11.3% if adjusted for inflation) in the third quarter of 2009, compared to the same quarter in 2008. In a cross-US measurement Corporate Income Tax was the most significant drop, being 19.4% less than the 2008 third quarter, Personal Income Tax fell by ... Read More
Oct 13, 2009
The South Korean Government expects its tax collection to grow by 9.2% annually, between 2011 and 2013. According to the report submitted by the Finance Ministry to the National Assembly of Korea, the nation will see an annual increase of approximately 9.2% in its tax collection and a 5% rise in GDP, annually between the [...]
The South Korean Government expects its tax collection to grow by 9.2% annually, between 2011 and 2013.
According to the report submitted by the Finance Ministry to the National Assembly of Korea, the nation will see an annual increase of approximately 9.2% in its tax collection and a 5% rise in GDP, annually between the years of 2011 and 2013. Government figures place the expected income at approximately KRW187 trillion for 2011, KRW 204 trillion in 2012 and KRW223 trillion in 2013. Plans ... Read More
