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Finance Bill: Sweeping powers for FBR to make arrests
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Finance Bill 2021-22 suggests granting sweeping powers to FBR for arrests
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PBC seeks group taxation laws in initial form, end to under-invoicing
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Will Mexico’s “Kill Switch” Run Afoul of USMCA Digital Trade Rules? By Inu Manak and Alfredo Carrillo Obregon SHARE
A controversial proposal to block foreign providers of digital services from offering their services in Mexico if they fail to comply with Mexico’s digital tax rules has just been signed into law. The scope of the law is broad enough to encompass a whole host of digital services that individuals and businesses consume everyday from streaming and dating services to online shopping, and virtually anything that exists in the cloud. The economic costs could also be severe for example, blocking access to YouTube for a single day would cost the economy $18 million USD. As the world pulls itself up from the economic shock of COVID-19, Mexico’s latest action has the potential to dampen recovery efforts, and also to further strain U.S.-Mexico relations.
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CHONGQING, China, Dec. 21, 2020 /PRNewswire/ China Xiangtai Food Co. Ltd. (NASDAQ: PLIN) ( PLIN or the Company ), an emerging growth company engaged in the food processing business, today announced its financial results for the fiscal year ended June 30, 2020.
Ms. Zeshu Dai, Chairwoman and Chief Executive Officer of the Company, commented Our financial results for the fiscal year 2020 reflect the impact brought by the pandemic of the COVID-19, which accordingly led to the full brunt and unpredictability of our business. However, our revenue was still recorded $110.6 million, representing an increase of 11.6% compared to $99.1 million for the fiscal year 2019. Facing the challenging year of 2020, we executed well against our core business initiatives, gained market share in the food industry. completed the acquisition of Chongqing Ji Mao Cang Feed Co., Ltd. in April 2020 and integrated industrial chain. We also explored several opportuniti