Law & Taxation

Thailand’s government will waive taxes on insurance claims for machinery damaged by flooding, Finance Minister Thirachai Phuvanatnaranubala said.

Nissan is unhappy with the government's first-time car buyer programme, saying the excise tax rebate for the passenger car purchases distorts competition.

It's not just millionaires who'd pay more under President Barack Obama's latest plan to combat the deficit. Air travelers, federal workers, military retirees, wealthier Medicare beneficiaries and people taking out new mortgages are among those who would pay more than $130 billion in government revenues raised through new or increased fees.

Thailand's cabinet has approved a plan to offer tax refunds for first-time car buyers from October 1, a minister said on Tuesday, clearing the way for a measure that could cost the Thai government as much as $1 billion in lost revenue.