Browsing: windfall

Ahead of a crucial budget, four countries’ experiments offer a mixed verdict on how to tax bumper profits

SEOUL, Aug 21 (Reuters) – South Korea plans to create a new fund to channel tax windfalls from the country’s semiconductor boom into supporting ‌younger generations and invest in future growth industries such as artificial ‌intelligence, the budget ministry said on Friday.

The Productivity Commission has found that the 2018 GST reforms are failing on efficiency, effectiveness and fairness, while Western Australia continues to benefit from billions in funding.