Connect to share and comment

With Congress unable to decide how to pay for transportation aid, highway projects may suffer

DAYTON, Ohio - On the road in a tour bus this week, the U.S. transportation secretary is spreading some bad news: the government's Highway Trust Fund is nearly broke. If allowed to run dry, that could set back or shut down projects across the country, force widespread layoffs of construction workers and delay needed repairs and improvements.

France chops red tape to save firms billions of euros

By Emmanuel Jarry PARIS (Reuters) - A panel created by President Francois Hollande to cut red tape for French business announced 50 measures on Monday aimed at saving billions of euros a year, as his government seeks to revive a struggling economy. The measures will untangle a thicket of rules - including, for example, a requirement that bakers inform local police of their holiday plans - which are seen as preventing small and big business from flourishing in France.

New documents show Manitoba government analyzed even higher sales tax increase

WINNIPEG - The Canadian Press has learned that the Manitoba government analyzed a higher sales tax increase than the one it brought in last year — a revelation that contradicts what the finance minister told the news agency last fall. A report by the provincial ombudsman's office shows that the Finance Department prepared two documents that analyzed revenue options that included a nine per cent retail sales tax before settling on eight per cent — an increase of one percentage point.

Finance Minister Oliver pledges tax relief for families once budget balanced

TORONTO - The federal government will move to provide tax relief for families after balancing the budget next year, Finance Minister Joe Oliver said Monday in his first speech to a Bay Street audience since taking over the post last month. "We believe Canadian families still pay too much in tax," Oliver told the business audience in Toronto. "Once the budget is balanced, our priority will be to provide tax relief to hard-working Canadian families." Tax cuts in the 2015 budget would come ahead of an expected election next year.

Green bonds to fund transit could be tax-free solution to election problem

TORONTO - With the prospect of an election growing more likely every day, the minority Liberals' spring budget may turn out to be more campaign platform than peace treaty. It will also need to lay out a plan to fund a massive expansion of public transit in the vote-rich Greater Toronto and Hamilton area — one of their key promises — without raising taxes for the middle class. Premier Kathleen Wynne has promised that a new "revenue stream" to raise the estimated $2 billion a year that's needed to fund public transit will be unveiled in the budget, expected May 1.

Green bonds to fund transit could be tax-free solution to election problem

TORONTO - With the prospect of an election growing more likely every day, the minority Liberals' spring budget may turn out to be more campaign platform than peace treaty. It will also need to lay out a plan to fund a massive expansion of public transit in the vote-rich Greater Toronto and Hamilton area — one of their key promises — without raising taxes for the middle class. Premier Kathleen Wynne has promised that a new "revenue stream" to raise the estimated $2 billion a year that's needed to fund public transit will be unveiled in the budget, expected May 1.

Abe shops, encourages spending after sales tax hike

Prime Minister Shinzo Abe on Saturday morning shopped at a Tokyo department store to experience firsthand the effects of a consumption tax hike earlier this week and to encourage spending. Visiting the upscale Nihombashi Mitsukoshi department store, Abe said revenue from Tuesday's consumption tax increase to 8 percent from 5 percent "will be put toward social security." Abe spent a total of 39,955 yen on purchases including books, shoes and some food products.

Slovenian PM to ask for confidence vote

Slovenian centre-left Prime Minister Alenka Bratusek said Friday she will seek a vote of confidence in her coalition government with the outcome largely linked to talks over unpopular austerity measures. "After all we've done, I believe it is right to check whether I still have the confidence of at least 46 MPs (in the 90-seat parliament) for leading the country into a better future," Bratusek told a news conference. She added, the vote should address the readiness of the four-party coalition "to work together for the benefit of Slovenia and its citizens".

Slovenian PM to ask for confidence vote

Slovenian centre-left Prime Minister Alenka Bratusek said Friday she will seek a vote of confidence in her coalition government with the outcome largely linked to talks over unpopular austerity measures. "After all we've done, I believe it is right to check whether I still have the confidence of at least 46 MPs (in the 90-seat parliament) for leading the country into a better future," Bratusek told a news conference. She added, the vote should address the readiness of the four-party coalition "to work together for the benefit of Slovenia and its citizens".

Finance Ministry wants to revise law in 2015 to tax e-commerce firms

The Finance Ministry plans to revise the consumption tax law in March 2015 to levy sales tax as soon as possible on digital books and music purchased by consumers in Japan from overseas vendors such as Amazon.com Inc., ministry officials said Friday. The move comes as domestic businesses, whose products and services are subject to the consumption tax, have been calling for a level playing field with overseas retailers that are not taxed.
Syndicate content