Hanoi (VNA) – The National Assembly Standing Committee on July 14 passed a resolution on the new environment tax on jet fuel. Under the resolution, the environment tax on jet fuel will be 2,100 VND (0.091 USD) per litre as from August 1, 2020, and 3,000 VND per litre as from January 1 2021. Earlier, when presenting a proposal on adjusting environment tax on jet fuel, Deputy Finance Minister Vu Thi Mai said aviation firms are facing a high risk of bankruptcy due to the impact of the COVID-19 pandemic. The reduction of the tax is one of necessary measures to help those firms cope with the difficulties, she said. The same day, the NA Standing Committee gave opinions on the proposal of including school textbooks in the list of commodities and services whose prices are controlled by the State. The committee said as the matter has wide-spread impact and needs consultations of competent authorities, the Government should continue to work on the proposal. The 46th meeting of … [Read more...] about NA Standing Committee approves reduction of environment tax on jet fuel
Stand firm
Tata Steel says it WILL take £2.7m furlough retention bonus after John Lewis and Primark pile pressure on big firms by turning down the taxpayer handout
A spokesman for the steel giant told the FT: 'Our use of the furlough scheme allowed us to retain vital skills and experience within the company to not just keep the business going in these difficult times, but to prepare to serve our customers as they ramp up their operations too.' … [Read more...] about Tata Steel says it WILL take £2.7m furlough retention bonus after John Lewis and Primark pile pressure on big firms by turning down the taxpayer handout
California firm to buy assets of Alaska’s RavnAir for $8M
“This is a way for us to do what we had hoped to do which is be able to resume Part 121 operations in the state of Alaska and get employees rehired,” RavnAir attorney Jane Kim said after a bankruptcy hearing Thursday. … [Read more...] about California firm to buy assets of Alaska’s RavnAir for $8M
Accountancy watchdog attacks poor work from biggest firms
KPMG emerged with the worst report card among the so-called “big four” accountancy firms with only 61% of the sampled audits meeting industry standards. PwC only managed to meet standards on 65% of its audits, compared to 76% at Deloitte and 71% at EY. … [Read more...] about Accountancy watchdog attacks poor work from biggest firms
PPP loans roughly in line with industry payrolls, but some stand out
The data will likely feed into the ongoing debate in Congress about further assistance to families and firms to ease the economic fallout from the pandemic. An estimated 14.6 million jobs have been lost since over two months of pandemic-related employment declines in March and April, and a rebound in May and June. … [Read more...] about PPP loans roughly in line with industry payrolls, but some stand out
