The Wealth Tax is imposed on tax payer’s net wealth and this is an annual tax that can be charged from children, married couples/individuals, companies, trusts and partnerships.
As China’s property crisis plagues its economy and financial system, is a ‘Lehman Moment’ looming?
China Evergrande Group reported losses of 812 billion yuan (US$112 billion) for 2021 and 2022, while fellow property developer Country Garden is on the verge of a bond defaultA so-called Lehman moment …
Save & Splurge: Overwater bungalows in the Maldives for every kind of budget
Onsite, 115 villas sit overwater and on the beachfront, each with their own private lounge deck, infinity plunge pool and lagoon access. The entry-level Lagoon Overwater Pool Villa sleeps three and …
0 for 2: North Korea suffers 2nd satellite launch failure this year
North Korea successfully placed a satellite into orbit in 2016 to coincide with the 74th birthday of the nation’s late leader Kim Jong-Il, the second supreme leader who ruled from 1994 to 2011. The …
Hong Kong economists urge rethink of funding for major infrastructure projects after developers shy away from government land sales
Experts warn government unlikely to reach estimated income of HK$85 billion from land sales and suggest issuing more bonds, using build, operate and transfer model.
Why China Could Soon Invade Taiwan
Taiwan holds its next presidential election on January 13 … China’s economy and financial system are showing signs of severe stress. Big property companies, the mainstays of the economy, are …
At least 500 Bahraini prisoners on hunger strike over conditions
Detainees at Jau prison that mainly houses prisoners of conscience began refusing food on 7 August At least 500 prisoners are on hunger strike inside a Bahraini prison primarily used to detain …
Japan-South Korea Reconciliation Would Be a Big Headache for China
The Seoul-Tokyo-Washington axis could help determine the structure of security politics, not only in Northeast Asia, but across the entire Indo-Pacific.
Bangladesh to remain tough on foreign voluntary groups acquiring immovable assets
The government has decided to retain a provision preventing foreign voluntary organisations from acquiring immovable assets in Bangladesh without permission. Such assets, acquired through purchase, …
Public opinion sought on Foreign Voluntary Organizations draft law
As per the draft law, no foreign voluntary organisation can acquire any immovable property in Bangladesh through purchase, donation, exchange, or by any other means without the prior permission of the …