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Gov't mulls motorcycle tax hike

The government and ruling bloc are considering a plan to raise the annual tax for motorcycle ownership by 1.5- to two-fold from the current level as part of its auto tax reform in fiscal 2014, ruling lawmakers said Friday.

China expands VAT reform to 2 new sectors

BEIJING, Dec. 4 (Xinhua) -- China will continue to expand the scope of its pilot program to replace turnover tax with value-added tax (VAT) by including two new sectors under the reform, an official document revealed Wednesday. The country will incorporate the railway transportation and postal service sectors into the ongoing VAT reform starting on Jan. 1, 2014, according to a statement released after an executive meeting of the State Council, or the country's Cabinet, presided over by Premier Li Keqiang.

French riders protest over tax, saying horses will suffer

By Thierry Chiarello PARIS (Reuters) - Thousands of horse-lovers paraded their animals through central Paris on Sunday in a protest against a planned sales tax rise they say will put riding centers out of business and send horses to the slaughterhouse. The protest by riders from across France came a day after unions in the western region of Brittany organized a march for jobs and social protection attended by thousands, one of many in the region in recent weeks.

French government takes risky gamble with tax reform plan

By Ingrid Melander PARIS (Reuters) - France's embattled government has taken a gamble by announcing an overhaul of the country's complex tax system, a move it hopes will prevent popular anger from growing further but which could well backfire. Violent protests over a green levy, fierce business criticism over their tax burden and record-low popularity dragged even lower by plans for more contributions in 2014, have pushed the government to announce a revamp of the tax system.

Factbox: Reforms on agenda at key meeting of China's leaders

(Reuters) - China's top leaders hold a closed-door meeting from Saturday to set the country's economic agenda for the next decade. The Central Committee of China's ruling Communist Party gathers for four days in what is known as the third party plenum.

Ontario mulling new tax credits to spur businesses to invest in R&D: minister

TORONTO - Ontario's governing Liberals are eyeing new tax credits and incentives to encourage cash-rich companies to spend their money on research and development as well as new equipment, technology and training. There could be a "play or pay" tax incentive to reward companies for making specific investments, Finance Minister Charles Sousa said Monday ahead of his fall economic statement.

Mexican maquiladora factories cry foul over new taxes, warning they'll hurt border business

MEXICO CITY - Industry groups say President Enrique Pena Nieto's proposed tax overhaul, expected to pass the Senate late Tuesday or early Wednesday, could strangle one of Mexico's economic success stories, the border factories known as maquiladoras. Owners of the maquiladoras, which turn out everything from auto parts to candy for the U.S. market, argue that the plan would harm the border city of Ciudad Juarez just as it begins to recover from a three-year wave of brutal drug-gang killings.

Mexican auto dealers lower sales outlook on uncertainty over tax reform

Mexico City, Oct 29 (EFE).- Dealers are cutting their sales forecasts for this year from 1.07 million vehicles to between 1.06 million and 1.05 million units due to the uncertainty created by the tax reform package being debated in Congress and a slowing economy, the Mexican Automobile Dealers Association, or AMDA, said. "The uncertainty and unease in society over the reforms was one of the most important factors behind the 9 percent drop in new vehicle sales in September, compared to the previous month," the AMDA said in a statement.

Mexico ruling party ready to back higher junk food tax: lawmaker

By Dave Graham and Miguel Gutierrez MEXICO CITY (Reuters) - Mexico's ruling Institutional Revolutionary Party (PRI) is ready to support an opposition proposal to increase a planned tax on junk food included in the government's fiscal reform, the PRI's leader in the Senate said on Wednesday. Last week, the lower house of Congress approved President Enrique Pena Nieto's fiscal reform, at the last minute adding a measure to impose a 5 percent tax on junk food. The Senate must approve the reform by the end of the month.

Mexico ruling party ready to back higher junk food tax: lawmaker

By Dave Graham and Miguel Gutierrez MEXICO CITY (Reuters) - Mexico's ruling Institutional Revolutionary Party (PRI) is ready to support an opposition proposal to increase a planned tax on junk food, the party's leader in the Senate said on Wednesday. Last week, the lower house of Congress approved a planned fiscal reform containing a measure to impose a 5 percent tax on junk food, and the Senate is expected to approve the reform by the end of the month.
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