Latest Value added tax Stories

DALLAS, May 21, 2013 /PRNewswire/ -- The Marketplace Fairness Act, passed Monday, May 6, 2013 in the United States Senate (Senate Bill 743) by a 2 to 1 ratio with bipartisan support, seems likely to face a more difficult challenge from Congressional Republicans in the House of Representatives (H.R. 684). The Congressional bill has 66 sponsors, but House Speaker John Boehner has expressed concerns over the burden it places on smaller online retailers. Although he has yet to officially...

DALLAS, May 21, 2013 /PRNewswire/ -- On Monday, May 6, 2013, the Marketplace Fairness Act passed in the United States Senate (Senate Bill 743). If enacted, it will allow states and the District of Columbia to require online retailers to collect sales and use tax without a physical presence nexus requirement. The bill imposes a threshold of one million dollars of business transacted in order for a jurisdiction to require these online retailers to collect sales and use taxes. (Logo:...

RONKONKOMA, N.Y., May 21, 2013 /PRNewswire/ -- Lakeland Industries, Inc. (NASDAQ: LAKE), a leading global manufacturer of industrial protective clothing for industry, municipalities, healthcare and first responders on the federal, state and local levels, today announced that the Company accepted a commitment letter from a bank for a Senior Credit Facility subject to certain terms and conditions and is currently working towards closing this financing. However, no assurances can be...

New Hampshire Consumers Want Car Buying Reform, Not Dealer Protection WASHINGTON, May 20, 2013 /PRNewswire-USNewswire/ -- Independent poll results released today by automakers show the overwhelming majority of New Hampshire residents are opposed to state legislature involvement in the private business relationships between auto manufacturers and retail car dealers. Seventy-one (71) percent of respondents say government should stay out of such private business matters, with only...

Revenue Increases For Second Consecutive Quarter HOWELL, Mich., May 16, 2013 /PRNewswire/ -- MWW Automotive Group (OTCQB: MWWC); a global design, engineering and manufacturing firm serving some of the world's leading automotive and industrial manufacturers and design firms, announced today its financial results for the Second Quarter 2013, ending on March 31, 2013. Net revenues were $240,181 for the three months ended March 31, 2013 an increase of $65,623 or thirty seven percent...

BURNABY, BC, May 15, 2013 /CNW/ - GLENTEL Inc. (TSX: GLN) today reported its results for the 1st quarter ended March 31, 2013. Financial highlights (tabular amounts in thousands of Canadian dollars, except per share data) follow. _____________________________________________________________________ | | Three months ended | | | March 31 |...

Company Also Announces Adoption of Annual Dividend Policy BEIJING, May 15, 2013 /PRNewswire-FirstCall/ -- NetEase, Inc. (NASDAQ: NTES), one of China's leading Internet and online game services providers, today announced its unaudited financial results for the first quarter ended March 31, 2013. "We have built a formidable and growing portfolio of self-developed games that continues to drive our growth," said Mr. William Ding, Chief Executive Officer and Director of NetEase. "Our...

Record revenue and higher profit despite a challenging environment HONG KONG, May 15, 2013 /PRNewswire-FirstCall/ -- Group revenue increased by 4.1% to US$1,858.0 million Profit attributable to shareholders of the Company rose by 5.4% to US$202.3 million Strong balance sheet, with deposits and cash of US$308.6 million Final dividend of US64.0 cents per ordinary share, giving a total dividend for the year of US80.0 cents per ordinary share, an increase of 5.3% over the previous...

M&A INSIGHT 2013 Panelists Discuss Buyer, Seller Perspectives in Current Climate HOUSTON, May 13, 2013 /PRNewswire-iReach/ -- The U.S. manufacturing industry is competitive again and is driving global capital investors to the Gulf Coast thanks to cheap domestic natural gas, according to the M&A INSIGHT 2013 keynote speaker Jesse Thompson, business economist at the Federal Reserve Bank of Dallas - Houston Branch. M&A INSIGHT 2013, held May 2 at the Houston branch of the...

CHEADLE, England, May 13, 2013 /PRNewswire/ -- It has long been common knowledge that plenty of British retailers and wholesalers produce their products on lands far away from the British Isles. In fact, it is no secret that imports have so-called 'swamped' the British high street during the last 20 years. According to statistics [http://www.dailymail.co.uk/femail/article-2118427/Is-ANYTHING-youre-wearing-Britain.html ] reported in the Daily Mail, in 2011 the UK imported...