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Taxation

Japan PM Takaichi to consider suspension of food sales tax, Mainichi reports

Japan's Prime Minister Sanae Takaichi has pledged to carry out aggressive but responsible fiscal policy, and markets have reacted to speculation on her plans.
Japan's Prime Minister Sanae Takaichi has pledged to carry out aggressive but responsible fiscal policy, and markets have reacted to speculation on her plans.

Woman wants to sell young son’s $2m condo but can’t show it’s for his benefit

The High Court disallowed a woman from selling a property that is held on trust for her young son as she could not convince the judge that the sale was for his benefit.
The High Court disallowed a woman from selling a property that is held on trust for her young son as she could not convince the judge that the sale was for his benefit.

China sells the world on its duty-free Hainan island, amid a $1.28 trillion trade surplus

Hainan is making its first steps towards an ambitious goal of becoming a “globally influential” free trade port by 2050.
Hainan is making its first steps towards an ambitious goal of becoming a “globally influential” free trade port by 2050.

Over 145 countries agree on update to global minimum tax deal, addressing US concerns

OECD Secretary-General Mathias Cormann said the new arrangement "enhances tax certainty, reduces complexity, and protects tax bases."
OECD Secretary-General Mathias Cormann said the new arrangement "enhances tax certainty, reduces complexity, and protects tax bases."

‘Not about condoms’: Chinese shrug off contraceptive tax

Young people in Beijing said that taxing contraceptives will not address the root issues they say are stopping people from having children.
Young people in Beijing said that taxing contraceptives will not address the root issues they say are stopping people from having children.

India imposes excise duty on cigarettes, effective Feb 1

India's move could increase prices of cigarettes for an estimated 100 million smokers in the world’s most populous country.
India's move could increase prices of cigarettes for an estimated 100 million smokers in the world’s most populous country.

A wealth tax floated in California has billionaires thinking of leaving

Governor Gavin Newsom of California speaks during a conversation with Andrew Ross Sorkin at the DealBook Summit in New York, on Wednesday, Dec. 3, 2025. Newsom of California has spoken out against a proposed wealth tax, and is raising money for a committee to oppose it. (Karsten Moran/The New York Times)
Governor Gavin Newsom of California speaks during a conversation with Andrew Ross Sorkin at the DealBook Summit in New York, on Wednesday, Dec. 3, 2025. Newsom of California has spoken out against a proposed wealth tax, and is raising money for a committee to oppose it. (Karsten Moran/The New York Times)

Rich families face tax audits as Indonesia races to plug deficit

Indonesia’s tax ratio is among the lowest in the world, at about 10 per cent of GDP in 2024.
Indonesia’s tax ratio is among the lowest in the world, at about 10 per cent of GDP in 2024.

‘Shui’ (tax) voted Malaysia’s Chinese character of the year

Shui, or tax in Chinese, has remained a constant topic in Malaysia, said the Han Culture Centre president.
Shui, or tax in Chinese, has remained a constant topic in Malaysia, said the Han Culture Centre president.

EU agrees to impose $4.50 small parcel tax to tackle China’s flood of cheap imports

The fixed fee will be introduced on a temporary basis and will stay in place until the bloc can settle on a permanent solution for taxing such imports.
The fixed fee will be introduced on a temporary basis and will stay in place until the bloc can settle on a permanent solution for taxing such imports.

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MDDI (P) 046/10/2025. Published by SPH Media Limited, Co. Regn. No.202120748H. Copyright © 2026 SPH Media Limited. All rights reserved.