Shortly before Christmas, the Argentine Senate approved the extension of the economic emergency law during 2008, along with the financial transactions tax, to raise revenue of 18bn pesos.
With tax revenues expected to rise this year by a startling 30%, a meeting this week of China’s top legislative body is considering a draft amendment to to the law on individual income tax which would raise the individual income tax threshold from RMB1,600 to RMB2,000.
The World Trade Organization has awarded US$21m worth annually of compensatory measures to Antigua and Barbuda in its fight against the USA over the country’s unilateral suspension of its WTO obligations in regard to on-line gaming.