South Korea’s national tax revenue surged to 260.8 trillion won by August, up 28.6 trillion won year-on-year, driven by higher corporate and income tax collections, while VAT and securities transaction tax declined.
#YonhapInfomax #NationalTaxRevenue #MinistryOfEconomyAndFinance #CorporateTax #IncomeTax #ValueAddedTax #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=84079

I heard a serious business person talk about tariffs being an essential revenue source for the US to support income tax cuts and continued spending.

A better solution would be a #valueaddedtax value added sales tax. A VAT is more broad based, more equitable, cheaper to manage and easier to enforce than tariffs.

For the progressives out there, it's easy to send refund checks to low income citizens to compensate the VAT. It's really a win-win-win.

#uspol #economics

South Korea’s national tax revenue rose by 23.8 trillion won ($17.1 billion) through July, driven by strong corporate and income tax collections, while VAT and securities transaction tax declined.
#YonhapInfomax #NationalTaxRevenue #CorporateTax #IncomeTax #ValueAddedTax #MinistryOfEconomyAndFinance #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=79363

China will end its decades-long tax exemption on interest income from government and financial bonds starting August 8, raising funding costs for new issuances and boosting demand for existing tax-exempt bonds, with yields on 10-year government bonds falling to 1.7%.
#YonhapInfomax #China #GovernmentBonds #InterestIncome #ValueAddedTax #BondYields #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=75423

South Korea’s Customs Service collected 67 trillion won ($48.5 billion) in import taxes last year, nearly 20% of total national tax revenue, with petroleum, coal, and Chinese imports leading the figures.
#YonhapInfomax #KoreaCustomsService #TaxRevenue #ValueAddedTax #PetroleumAndCoal #ChinaImports #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=69619

Off topic, but your bio reminded me I meant to look up #ValueAddedTax and found #AdValorem tax en.wikipedia.org/wiki/Ad_valo... "An #AdValoremTax (Latin for "according to value") is a tax whose amount is based on the value of a #transaction or of a property."

Ad valorem tax - Wikipedia

South Korea's tax revenue through March increased by 8.4 trillion won year-on-year, driven by a 6.5 trillion won rise in corporate tax collections, reflecting improved business performance and increased corporate income.
#YonhapInfomax #TaxRevenue #CorporateTax #IncomeTax #ValueAddedTax #SecuritiesTransactionTax #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=61084

Bank of Korea to purchase 10.5 trillion won in 14-day repurchase agreements to address market tightness ahead of VAT payment deadline
#YonhapInfomax #BankOfKorea #RepurchaseAgreements #ValueAddedTax #MoneyMarket #LiquidityManagement #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=60411

China’s Tax Revenue Declines as Its Leaders Brace for Trump’s Tariffs

https://fed.brid.gy/r/https://www.nytimes.com/2025/03/21/business/china-taxes-trump-tariffs.html

South Korea's January tax revenue rises 0.7 trillion won year-on-year, but progress rate falls 1.4 percentage points amid economic uncertainties and tax policy changes
#YonhapInfomax #TaxRevenue #ProgressRate #CorporateTax #IncomeTax #ValueAddedTax #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=52536

Canada

16 February 2025

Donald J. Trump, President
White House
Washington, D.C.
USA

Dear sir,

Please find attached copies of media reports relating to tariffs and Value-Added Tax (VAT) systems seen today.

I felt that you should be aware that some asshole is signing your name to stupid press releases.

Very truly yours,

Canada

cc: E.U.

#ClevelandBrowns #Canada #USA #Trump #asshole #stupid #tariff #tariffs #VAT #ValueAddedTax #GST #EU #EuropeanUnion #legal #lawyer #UK #UnitedKingdom

Trump initiates reciprocal tariffs review on trading partners, targeting EU's VAT and non-tariff barriers, with potential impact on South Korea, China, and Japan by April 1
#YonhapInfomax #ReciprocalTariffs #TrumpAdministration #TradeBarriers #EuropeanUnion #ValueAddedTax #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=50853

Trump signals potential trade policy shift, eyeing tariffs on nations with value-added tax systems to level global playing field
#YonhapInfomax #Trump #Tariffs #ValueAddedTax #TradePolicyShift #GlobalTrade #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=50817

Trump initiates review for reciprocal tariffs on trading partners, aiming to offset non-tariff barriers and boost U.S. competitiveness by April 1
#YonhapInfomax #ReciprocalTariffs #DonaldTrump #TradePolicy #EuropeanUnion #ValueAddedTax #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=50830

@bobdvb

#MachineMart has ex-VAT prices on all of its stickers, with inc-VAT underneath.

#ConsumerProtection #ValueAddedTax

@AuldFoggerty

I haven't fact checked it firsthand myself, but I saw someone point out last week that the party that has consistently been the one to raise V.A.T. over the past 45 years is the Conservative and Unionist Party, and it was only ever lowered under a Labour and Coöperative Party government.

#UKPolitics #Tory #UKGeneralElection #ValueAddedTax #economics

@wood5y

Buried in the comments section, beneath an enormous argument about Brexit caused by a nitwit and the obligatory how many beans make five, there's an interesting comment about how Greggs's business model is predicated upon a loophole in VAT.

#ValueAddedTax #Greggs

The #Irish government's draft 2024 #budget proposes to eliminate Ireland's 9% value-added #tax on #ebooks to apply the zero tax rate that already applies to printed books. The zero rate would also apply to #audiobooks. #Ireland #VAT #valueaddedtax
https://legalavocado.substack.com/p/avocado-roundup-ireland-to-boost

The #Oman tax authority released a plan to introduce electronic invoicing for value added #tax starting next year, with the system voluntary from April to September and becoming mandatory in Oct. 2024.
#electronic #invoicing #middleeast #VAT #valueaddedtax
https://legalavocado.com/wp/avocado-roundup-oman-to-require-digital-vat-invoicing-starting-october-2024/