Changes to Individual Income Tax Law in China
China’s top legislature passed the amendment to the Individual Income Tax Law on Friday 31 August 2018. This article explores the main changes introduced by the new legislation. On 31 August 2018, China’s Individual Income Tax Law (Amendment) was passed by the NationalPeople’s Congress of the People’s Republic of China (PRC). It will be effective…
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Wan Wei Han
Crypto’s 80% Plunge Is Now Worse Than the Dot-Com Crash
The Great Crypto Crash of 2018 looks more and more like one for the record books. As virtual currencies plumbed new depths on Wednesday, the MVIS CryptoCompare Digital Assets 10 Index extended its collapse from a January high to 80 percent. The tumble has now surpassed the Nasdaq Composite Index’s 78 percent peak-to-trough decline after…
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Wan Wei Han
Singapore Land Frenzy Slows After Property Curbs
The bidding frenzy for Singapore land has slowed to a trickle, going by the results of the first auctions since property curbs were tightened. Just three bids were submitted for the Jalan Jurong Kechil site in the island’s northwest, compared to 24 received in April last year for the nearby Toh Tuck Road plot. Only…
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Wan Wei Han
North Korean charged over cyber attack that hit NHS
A North Korean man has been identified as part of a group behind the WannaCry ransomware which caused havoc to the NHS. US authorities say Park Jin Hyok was part of the state-sponsored “Lazarus Group”, which was allegedly being responsible for hacks on Sony Pictures and the theft of $81m (£62m) from a bank. The…
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Wan Wei Han
British Airways – 380,000 card payments ‘compromised’
Shares of British Airways’ parent company IAG fell around 4% as markets opened on Friday morning, hours after the airline said the credit card information of at least 380,000 customers had been “compromised” in a data theft. The airline said people using BA.com and its mobile app for flight bookings were targeted by hackers between…
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