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🇸🇬 🇨🇳 #SINGAPORE PLANS 2 PACKAGES, TOTALING S$5.6B, TO SUPPORT ECONOMY - BBG
*SINGAPORE PLANS S$800M FROM BUDGET TO COUNTER VIRUS EFFECTS
*SINGAPORE TO GRANT CORPORATE INCOME TAX REBATE OF 25% FOR 2020
🇰🇷 #SouthKorea's president calls for 'all possible measures' to help virus-hit economy - Reuters
reuters.com/article/us-chi…
🇪🇺 #Eurozone ministers discuss fiscal boost options as virus worries weigh - Reuters
reuters.com/article/us-eur…
🇪🇺 #EUROZONE FINANCE MINISTERS, INCLUDING GERMANY'S SCHOLZ, ADOPT RECOMMENDATION FOR FISCAL BOOST IN THE EVENT OF DOWNTURN - RTRS

🌎 #OECD Says Virus Is Another Reason to Boost Fiscal Stimulus - Bloomberg
bloomberg.com/news/articles/…
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Christophe Barraud🛢
@C_Barraud
🇺🇸 Equities | My understanding of investors' sentiment following multiple discussions:

1/ Reality is that investors are not looking at Macro or Earnings right now. They were trapped last year and most of them don’t want to miss again any upside move.
2/ They remember that SPX increased by ~30% in 2019 despite Global GDP was revised downward by ~0.6ppt and SPX earnings growth was cut by >8%.
3/ The upside mainly came from a dramatic switch in liquidity expectations and the same phenomenom is happening right now with #PBOC relaunching the party worldwide.

Read 8 tweets
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Christophe Barraud🛢
@C_Barraud
🇨🇳 #China (1) | The question is no longer if, but how hard, the #coronavirus will damage Chinese economy (and its trading partners) in 1Q20.
🇨🇳 #China (2) | A blockage of 16 cities (~50 million people) coupled with the extension of the Lunar New Year holiday and prohibition for Cos to return to work soon implies that 1Q will fall below 6% for the first time since QoQ figures are recorded.
🇨🇳 #China (3) | The impact will probably broaden from retail sales, tourism/transportation...

Read 93 tweets
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Christophe Barraud🛢
@C_Barraud
★ A detailed analysis of the 🇺🇸 🇨🇳 #PhaseOne Deal ★

➡ For goods, I used Census Bureau trade data (goods) (bit.ly/2RAtaqd) on U.S. exports to #China and matched them to the list provided in Annex 6.1 (from p.57: bit.ly/3axsY3B).
Categories mentioned in Annex 6.1 point to a relatively limited ❗ set of goods to produce the jump in U.S. (goods) exports (+$63.9B for 2020 and +$98.2B for 2021 compared to 2017 baseline). Image
In 2017, U.S. exports to #China in the selected categories totalled $78.8B, far less than the $129.8B for total U.S. exports to China, implying that it will be harder for #Beijing to fulfill its promises. Image
Read 31 tweets

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RonQanon
@Halpine11
Tax his land, Tax his bed, Tax the table, At which he's fed.

Tax his tractor, Tax his mule, Teach him taxes Are the rule.

Tax his work, Tax his pay, He works for peanuts anyway!

Tax his cow, Tax his goat, Tax his pants, Tax his coat.
Tax his ties, Tax his shirt, Tax his work, Tax his dirt.

Tax his tobacco, Tax his drink, Tax him if he Tries to think.

Tax his cigars, Tax his beers, If he cries Tax his tears.

Tax his car, Tax his gas, Find other ways To tax his ass.
Tax all he has Then let him know
That you won't be done Till he has no dough.

When he screams and hollers; Then tax him some more, Tax him till He's good and sore.

Then tax his coffin, Tax his grave, Tax the sod in Which he's laid...
Read 10 tweets
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Taiwo Oyedele
@taiwoyedele
Here are 20 sweeping changes to the Nigerian #tax laws that may affect you! pwc.smh.re/0FXk
1. Excess dividend tax to apply only to untaxed distributions other than profits specifically exempted from tax and franked investment income
2. Small businesses with turnover under N25m to be exempted from Companies Income Tax
Read 21 tweets
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MFkiRani
@MFkiRani
(1/n) •Domestic company corp tax cut from 30% to 22 % percent if
they don't avail any exemptions or incentives from FY20
• Effective tax for these companies rate 25.17 percent inclusive of all
surcharge and cesses. Applicable for current fiscal
(2/n) *listed companies which have announced buyback of shares prior to July 5 will not be charged with super rich tax
*All the measures announced will give relief of 1.45 lakh crores annually
(3/n) *Roll back of enhanced surcharge introduced in Budget on capital gain arising from sale of equity shares in a company liable for STT .
* super-rich tax will not to apply on capital gains from sale of any security including derivatives for FPIs.
Read 15 tweets
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Capitalmind
@capitalmind_in
FM says, govt. is dedicated to ideals of Lord Basaveshwara. Quotes him in Kannada "Kayakave Kailasa" (Work is Worship").
FM says, will consolidate multiple labor laws into set of 'four labor codes'. #budget 2019
FM says, new television channel for startups to be set up. #budget 2019
Read 21 tweets
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Credovo Professional Services
@credovoNG
Tax Incentives for Startups in Nigeria

Having a great business idea is not enough to build a successful business. Nigeria has various tax incentives to drive investment in key sectors of the economy. Below are tax incentives you can take advantage of;
1. Investment allowance- Companies that invest (that is acquires) in plant and equipment enjoys 10% of the cost of the asset as investment allowance which can be deducted from their assessable profit before calculating the tax payable.
2. Interest incentive- Interest earned on domiciliary accounts is tax exempt.

3. Minimum tax-Companies that specializes in agricultural produces or have more than 25% foreign equity or are within the first four years of business are exempted from paying minimum tax. That means
Read 7 tweets
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No One Special
@KaiHolloway
Tax his land,
Tax his bed,
Tax the table
At which he's fed.

Tax his work,
Tax his pay,
He works for peanuts
Anyway!

Tax his cow,
Tax his goat,
Tax his pants,
Tax his coat.

Tax his tobacco,
Tax his drink,
Tax him if he
Tries to think.

vpt2
Tax his car,
Tax his gas,
Find other ways
To tax his ass.

Tax all he has
Then let him know
That you won't be done
Till he has no dough.

When he screams and hollers;
Then tax him some more,
Tax him till
He's good and sore.

vpt3
Then tax his coffin,
Tax his grave,
Tax the sod in
Which he's laid.

When he's gone,
Do not relax,
It's time to apply
The inheritance tax.

vpt4
Read 8 tweets

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