DoE put in charge of EV, hybrid vehicle classifications for excise tax purposes
REUTERSTHE Bureau of Internal Revenue (BIR) has transferred to the Department of Energy (DoE) the authority to classify automobiles as electric vehicles (EVs) or hybrids, which will determine eligibility for an excise tax exemption. “During the inter-agency consultation called by the
Rachel Reeves to lead Davos 2025 delegation in bid to win over foreign investors
Rachel Reeves, the chancellor, is preparing to lead a team of ministers and advisers to the 2025 World Economic Forum in Davos, aiming to attract international backers and calm disquiet among domestic businesses. Reeves, who attended Davos as shadow chancellor for
Why Apple’s $1 billion bid couldn’t sway Indonesia’s ban decision
Indonesia has upheld its ban on the sale of Apple Inc.’s iPhone 16s, stating that the tech giant’s $1 billion investment plan, which includes the construction of an AirTag factory, is not sufficient to meet the country’s domestic content requirements.
Director behind 400 companies banned for nine years after ‘subverting insolvency system’
A company director who “repeatedly subverted the insolvency system” by facilitating debt-dumping arrangements for struggling businesses has been banned from running firms for nine years, following a government investigation. Neville Taylor, 57, served as a director of more than 400 companies
Asda’s Christmas slip leaves it trailing rivals amid growing competition
Debt-laden Asda has emerged as the weakest performer among Britain’s biggest supermarkets this festive season, as new data from Kantar shows a steep 5.8 per cent drop in sales over the 12 weeks to 29 December, dragging its market share