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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.

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.

Nova Scotia budget, first for Liberals since election, forecasts $279M deficit

HALIFAX - University students in Nova Scotia are losing a tax credit aimed at keeping them in the province while funding will be increased to improve student-teacher ratios in classrooms in a provincial budget Thursday that was short on cuts and new spending. Finance Minister Diana Whalen made no secret of the fact the Liberal party's first budget since it was elected in October would contain a deficit, and the government is forecasting a shortfall in 2014-15 of $279 million.

Gov't mulls adjusting list of items subject to excise tax

SEJONG, April 2 (Yonhap) -- The government is considering adjusting the list of items subject to special consumption tax as part of efforts to reflect people's changed consumption patterns, government sources said Wednesday. According to the sources, the government recently commissioned an outside researcher to conduct a study on changing the items on the list.

Gov't mulls adjusting list of items subject to excise tax

SEJONG, April 2 (Yonhap) -- The government is considering adjusting the list of items subject to special consumption tax as part of efforts to reflect people's changed consumption patterns, government sources said Wednesday. According to the sources, the government recently commissioned an outside researcher to conduct a study on changing the items on the list.

Japan raises sales tax, balancing debt, growth as 'Abenomics' recovery falters

TOKYO - Japan raised its sales tax Tuesday, moving to stabilize government finances but at the risk of undermining a shaky economic recovery. It's a gamble the world's No. 3 economy must take, given its soaring public debt. Economists expect the sales tax hike, to 8 per cent from 5 per cent, to slow but not derail the recovery. It is the first such increase since 1997, when the combination of the tax hike, an unwinding of debt from Japan's bubble economy days and the impact of a regional financial crisis plunged the country into recession.

Q

The following are questions and answers regarding the increase in Japan's consumption tax rate from 5 percent to 8 percent effective Tuesday. Q: Why did the Japanese government increase the consumption tax? A: With the central government debt topping 1,000 trillion yen, Japan needs to deal with its deteriorating public finances. The government estimates that the tax revenue generated by the consumption tax hike in fiscal 2014 will be about 5 trillion yen. Q: For what will the consumption tax hike be used?

Slovenia top court annuls real estate tax, key for budget

Slovenia's constitutional court annulled on Friday a new real estate tax that was key to the troubled eurozone country's budget, prompting calls for a vote of no-confidence in the government. The court found that the tax -- passed in November in a bid to lower the deficit and stabilise Slovenia's public finances -- was unconstitutional. This prompted opposition parties to call immediately for the resignation of Prime Minister Alenka Bratusek's centre-left government to resign.

Cuba plans big tax breaks to lure foreign investors: official media

By Marc Frank HAVANA (Reuters) - Cuba is proposing a new Cuban foreign investment law that would cut the profits tax in half to 15 percent and exempt most investors from paying it for at least eight years, official media said on Wednesday. The National Assembly will meet on Saturday to approve the legislation that the communist country hopes will lure overseas capital and help further integrate the Caribbean island in the global economy.
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