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State’s tax relief of R16b a myth: Solidarity

CAPE TOWN: A report by trade union Solidarity has dismissed the R16bn tax relief the government announced in the 2013-14 budget by then finance minister Pravin Gordhan as a myth. The Real Tax Issue report‚ compiled in conjunction with investment firm ETM Analytics‚ shows taxpayers were actually impoverished during this “tax relief”. What was announced as tax relief were adjustments ... Read More »

Portugal’s fruit, vegetable exports grow 26%

LISBON: Portuguese fresh vegetable shipments have grown by almost 26% in recent years (from 780 million Euros in 2010 to 983 million in 2013), said Laurent Armaos, of the Commercial Department of the Embassy of Portugal in Athens in an interview to Agrotypos. Regarding the destinations of exportable products, Mr Armaos reported that “the majority of exports went to countries ... Read More »

New Greece govt to go easy on shipping tax

ATHENS: Despite of the fears growing in Greece’s important shipping sector that the new government led by Syriza party of Prime Minister Alexis Tsipras will levy high taxes on the industry that it cannot even afford, It is to be good news for the shipping tycoons that the New Leftist government is expected to avoid tax clash with them. As ... Read More »

Govt decreases LPG prices by Rs15/kg

LAHORE: The government of Pakistan on Thursday continued to provide relief to the people as the prices of Liquefied Petroleum Gas (LPG) have been cut by Rs 15 per kg. The LPG price cut-off would be implemented with immediate effect that will go down the LPG price to Rs 130/kg in Lahore and its neighboring areas. Earlier, the price of ... Read More »

Rs2.97/unit cut: Discos directed to pass on Rs19b relief in Jan 2015 bills

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) notified all electricity distribution companies (Discos) to pass on relief to the tune of Rs19 billion to all power consumers, except that of K-Electric and lifeline, by slashing power tariff by Rs2.97 per unit in the electricity bills for January 2015. The power tariff cut has been announced in the head of ... Read More »

POL price cut: Grower, farmers, layman sigh relief at govt decision

ISLAMABAD: The masses in general and the farmers and growers in particular heaved a sigh of relief and welcomed the PML-N-led government decision regarding reduction in the prices of petroleum products. They expressed the hope that a part from reduction in POL prices itself, it would benefit the masses greatly in shape of bring down the transport fares and prices ... Read More »