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Malaysia property tax ammend - property stock to benefit

33 minutes ago ago from Malaysia Bursa

Prime Minister Najib Razak said yesterday a 5 percent capital gains tax on property will apply only to homes sold within five years of their purchase, government spokesman Akmar Hisham said today. Najib “presented the perfect Christmas gift to the Malaysian property market,” ECM Libra Capital Sdn. said in a report today, maintaining its “overweight” rating on the industry. The move “sends an affirmative signal that the government will ...

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U.S. War Spending Now Exceeds That Of All States

43 minutes ago ago from Antemedius - Liberally Critical Thinking

The U.S. spends more for war annually than all state governments combined spend for the health, education, welfare, and safety of 308 million Americans. Joseph Henchman, director of state projects for the Tax Foundation of Washington, D.C., says the states collected a total of $781 billion in taxes in 2008. For a rough comparison, according to Wikipedia data, the total budget for defense in fiscal year 2010 will be at least $880 ...

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