CDC Data Centres’ New Zealand subsidiary recorded a net loss of $87.7m for the 2026 financial year, despite generating a gross profit of $117.3m. According to company filings, the loss was driven by $145.6m in fair value write-downs on investment properties, foreign exchange volatility, and rising debt costs, contrasting sharply with a $637.6m profit in … Read more
A new €3 duty on small parcels originating from outside the European Union took effect this week, marking a significant shift in how Irish consumers pay for international online orders. According to official reports, the charge applies to individual product categories for items purchased from non-EU retailers, ending the previous “de minimis” exemption that allowed … Read more
Tánaiste Simon Harris and Minister for Enterprise Peter Burke have stated that a permanent reduction in the VAT rate for restaurants, bars, and hotels from 13.5 per cent to 9 per cent is not expected to be passed on to customers. The officials clarified that the €681 million measure is intended to bolster business viability … Read more
U.S. President Donald Trump threatened on Friday to impose a 100% tariff on goods from any country that implements a digital services tax targeting American companies. The warning comes just one day after European Union nations met a July 4 deadline to reduce tariffs on U.S. goods, a move intended to meet commitments under a … Read more
A proposed update to the California Department of Aging’s intrastate funding formula could result in significant service reductions for older adults in Los Angeles County. According to Maral Karaccusian, director of the Los Angeles County Aging and Disabilities Department, a projected 17% funding cut would lead to nearly 343,000 fewer meals provided to seniors annually … Read more
Australia’s medical technology sector has sounded a formal alarm over the federal government’s latest budget, warning that proposed tax changes could undermine the viability of health startups. Nine peak industry bodies, including AusBiotech, Bio NSW, Life Sciences Queensland, BioMelbourne Network, and Life Sciences WA, have united to send a joint letter to Treasurer Jim Chalmers, … Read more
Indonesia’s airline industry is intensifying its call for the government to implement a zero-tax policy on imported aircraft spare parts. Industry leaders argue that such a measure is critical to reducing mounting operating costs and bolstering the overall competitiveness of the nation’s aviation sector. Industry Challenges and Priorities The push for fiscal relief comes as … Read more
Australia has reached a record high in its billionaire population, with 178 individuals currently identified. This represents an increase of 17 over the past year, according to new analysis based on the 2026 Australian Financial Review Rich List. The collective wealth of these individuals now exceeds $686 billion, having grown by $25.67 billion in the … Read more
The relationship between the architects of New Labour and the current administration has hit a frost-bitten low. As Keir Starmer struggles to navigate a post-election landscape defined by economic stagnation and internal party friction, Tony Blair has pivoted. He is no longer whispering in the ear of Downing Street; he is broadcasting to the nation. … Read more
The “Moving Goalposts” Myth: Does Your Inheritance Tax Liability Change Retroactively? Estate planning is often clouded by a common fear: what happens if the tax-free thresholds for Capital Acquisitions Tax (CAT) drop in the future? Many families worry that a generous gift made today could trigger a “tax clawback” or a surprise bill years down … Read more