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Showing 1 - 10 of 35 results for "VAT"

Vanguard UK upends cost of advice

KARREN VERGARA  |  TUESDAY, 20 APR 2021
... portfolios and as financial needs evolve. The all-in cost of 0.79% comprises an advice fee (0.50%) that includes value-added tax (VAT) where applicable; ongoing fund charges (0.12%); transaction costs (0.02%); and a platform fee (0.15%, capped at a maximum ...

Vatican shakes up financial management

ELIZABETH MCARTHUR  |  MONDAY, 16 NOV 2020
By orders of the Pope, the Vatican has a new financial manager. Pope Francis declared that the administrative management of the Vatican's funds should be transferred from the Secretariat of State to the Administration of the Patrimony of the Apostolic ...

Chief economist update: UK plans for jobs

BENJAMIN ONG  |  THURSDAY, 9 JUL 2020
... meals in cafes, restaurants and pubs across the UK from Monday to Wednesday every week throughout August 2020." "The rate of VAT applied on most tourism and hospitality-related activities will also be cut from 20% to 5%." "...we're introducing a ...

Chief economist update: A busy 2020 for Abe, BOJ

BENJAMIN ONG  |  TUESDAY, 14 JAN 2020
... report: "Activity in Japan declined sharply following the impact of Typhoon Hagibis and the increase in the value-added tax (VAT) in October last year. The economy is also suffering from acute weakness in manufacturing and exports, particularly those ...

China's growth to slow: PIMCO

ELIZA BAVIN  |  WEDNESDAY, 8 JAN 2020
... estimated 0.9% this year," it said. "Growth is expected to slow down in the first half of 2020 due to a negative impact from the VAT hike in the fourth quarter of 2019, but it is expected to pick up in the second half thanks to a large fiscal stimulus ...

Pension giant awards $1bn in mandates

JAMIE WILLIAMSON  |  THURSDAY, 27 JUN 2019
A $323 billion pension fund has awarded three separate mandates to boost its sustainable investment strategies. The California State Teachers' Retirement System selected three new global equity managers to collectively manage more than $1 billion across ...

Chief economist update: China is back on track

BENJAMIN ONG  |  TUESDAY, 23 APR 2019
... budget deficit target raised to 2.8% of GDP this year from 2.6% in 2018; CNY2.0 trillion tax cuts; a 3% cut in the top bracket VAT rate; raised local government special bond issuance to CNY2.15 trillion from CNY1.3 trillion in 2018 to aid infrastructure ...

Chief economist update: China and the spring in its step

BENJAMIN ONG  |  THURSDAY, 18 APR 2019
... budget deficit target raised to 2.8% of GDP this year from 2.6% in 2018; CNY2.0 trillion tax cuts; a 3% cut in the top bracket VAT rate; raised local government special bond issuance to CNY2.15 trillion from CNY1.3 trillion in 2018 to aid infrastructure ...

Chief economist update: China stitches it in time

BENJAMIN ONG  |  TUESDAY, 2 APR 2019
... raised to 2.8% from 2.6% last year with CNY2.0T [US$298 billion] in tax cuts announced, including a 3% cut to top bracket VAT rate. Raised local government special bond issuance to CNY2.15T from CNY1.3T last year to aid infrastructure investment. Signaled ...

Chief economist update: Be fearful when indicators show no fear

BENJAMIN ONG  |  MONDAY, 18 MAR 2019
... economy is facing additional downward pressure but Beijing will not let economic growth slip out of reasonable range. Cuts in VAT for manufacturing and other sectors will take effect from 1 April, while social security fees will be reduced from 1 May ...
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Editor's Choice

Australian Retirement Trust people chief to depart

ELIZABETH FRY
Australian Retirement Trust has confirmed the departure of chief people officer Helen Jackson, who will leave at the end of the financial year.

SSGA loses $2.4bn in two months

KARREN VERGARA
State Street Global Advisors (SSGA) suffered $2.4 billion in net outflows over the last two months of 2023, the majority of which hit its Australian and international equities products.

AFCA seeks industry feedback on approaches

ELIZA BAVIN
The financial complaints authority is asking the industry for feedback on how it approaches issues and reaches decisions.

Apex, ACA partner to broaden client services

ANDREW MCKEAN
Apex Group and ACA Group have formed a partnership to offer their clients a wider range of services.

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