The European Commission has come under sustained criticism over its proposal to put import duties of 14% on multi-functioning mobile telephones for customs purposes; the Commission has suggested they are no longer telephone devices but are multi-use devices with telephone capabilities.
India’s Trade Minister, Kamal Nath recently trailed the planned introduction of a second stimulus package, this time containing measures expected to benefit small and medium-sized enterprises, exporters not targeted by earlier initiatives, and the real estate sector.
United States President-elect, Barack Obama, intends to follow through with his election campaign pledge to cut individual income tax for low- and middle-income Americans next year despite the deteriorating economy, according to his chief advisor.