European Commission – VAT: More flexibility on VAT rates, less red tape for small businesses

The European Commission has today proposed new rules to give Member States more flexibility to set Value Added Tax (VAT) rates and to create a better tax environment to help SMEs flourish. The proposals of January 18, 2018 are the final steps of the Commission’s overhaul of VAT rules, with the creation of a single … More European Commission – VAT: More flexibility on VAT rates, less red tape for small businesses

U.S. Retail Sales End 2017 on Solid Footing

Caps strongest year for sales growth since 2014 Spending at U.S. retailers rose in December for the fourth consecutive month, capping the strongest year for sales growth since 2014 and showing a continued surge in online retail sales while department-store spending slowed during a key month of the holiday shopping season. Retail sales—a measure of … More U.S. Retail Sales End 2017 on Solid Footing

Wal-Mart raises Hourly Wage to USD 11 in wake of Tax Overhaul

Wal-Mart Stores Inc. is boosting its starting hourly wage to USD 11 and delivering bonuses to employees, capitalizing on the U.S. tax overhaul to stay competitive in a tightening labour market The increase takes effect next month and will cost USD 300 million on top of annual wage hikes that were already planned, the world’s … More Wal-Mart raises Hourly Wage to USD 11 in wake of Tax Overhaul

The global marketplace is Intertextile Shanghai Apparel Fabrics

The global apparel fabrics and accessories industry is gearing up for its key spring summit – one of the trade fair highlights of the year where the entire sector gathers to do business, discover the latest fashion trends, find new innovations and discuss what’s in store for the year ahead. Intertextile Shanghai Apparel Fabrics – … More The global marketplace is Intertextile Shanghai Apparel Fabrics