Taxes
Technically, China and the United States are still in a trade war, which was started by former U.S. president Donald Trump. At the same time, the new POTUS – Joe Biden – has started a Cold War with China. To make matters worse, a shortage of coal has forced power cuts at Chinese factories. Yet, […]
... written on Oct 13 2021More than 600 journalists from 150 media outlets in 117 countries were involved in the biggest journalism partnership in history to investigate and uncover financial secrets of 35 current and former world leaders, 336 high-level politicians and public officials in 91 countries. The battalions of journalists had to comb nearly 3 terabytes of data, which […]
... written on Oct 04 2021When Najib Razak became the prime minister, he told the Borneo states – Sabah and Sarawak – that his government was committed to the Malaysia Agreement 1963 (MA63), pledging to protect the rights of the East Malaysians. He said a high-level committee will be set up to discuss the MA63. Sabah and Sarawak leaders applauded and […]
... written on Sep 20 2021Until Ahmad Maslan was slapped with two charges of failing to declare RM2 million received from former Prime Minister Najib Razak and giving false statements to the Malaysian Anti-Corruption Commission (MACC), he was known as a man with many talents. One of Najib’s loudest cheerleaders, he was the biggest supporter of Goods and Services Tax (GST). […]
... written on Sep 09 2021Australia has reported a slightly better economic growth than expected. Against Reuters’ prediction of an economic growth of 0.5% in the June quarter, the Aussie recorded 0.7%. It’s lower than 1.9% increase in the first 3 months of the year. However, Australian Bureau of Statistics (ABS) admitted the latest figures do not provide the full […]
... written on Sep 01 2021Australia has officially complained to the World Trade Organisation (WTO) last month that China’s huge slap – as high as 218.4% tariff – on the country’s wine industry has done “serious harm”. Trade Minister Dan Tehan had even offered a hilarious reason. He said Australia was forced to file the dispute because Beijing had refused […]
... written on Jul 23 2021The Group of Seven (G-7), popularly known as the club of rich nations, has reached a landmark deal on Saturday to slap at least 15% corporate tax on MNCs (multinational companies or corporations). The global minimum tax rate on company profits will provide a new way of sharing the revenues from taxing the world’s most […]
... written on Jun 06 2021The Cold War Has Begun – Beijing “Indefinitely” Suspends China-Australia Strategic Economic Dialogue
Relations between China and Australia have taken a twist for the worse when Beijing unexpectedly announced that the key economic dialogue with Canberra has been “suspended indefinitely”. The decision, made by the National Development and Reform Commission (NDRC), China’s top economic planner, saw the Australian dollar weakened against the U.S. dollar. The last time NDRC […]
... written on May 06 2021Last month (March 26), China’s Ministry of Commerce officially announced that import duties between 116.2% and 218.4% will be imposed on Australian wines. The ministry concluded that domestic wine industry had been hurt by the dumping of cheap Aussie wine. To make matters worse, Beijing decided that the anti-dumping punishment will last for 5 years. […]
... written on Apr 29 2021It’s been close to 12 months since China suspended imports of beef from Australia, and it’s hard to see how the ban would be relaxed anytime soon. In fact, the damage to Aussie red meat, valued at about A$3 billion, could be permanent. The exports of Australian beef to the Chinese market was the most […]
... written on Apr 19 2021
