economic

Europe mulls slapping US Big Tech with digital tax to help finance economic recovery from Covid-19

Travel Wire News |

Tech giants like Google, Facebook and Amazon could be compelled to pay greater taxes in Europe as governments research for new earnings to offer with the Covid-19 crisis, CNBC has noted, citing its resources. “We see digital items/services tax conversations advancing most fast in Europe, where by the scale of ambition to use the EU price range […]

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WTTC: Tourism to play key role in Americas economic recovery | News

The World Travel & Tourism Council has released a new report detailing the critical role the industry will have in the economic recovery in the Americas once the Covid-19 pandemic has passed.

In its annual Economic Impact Report, the trade body argued tourism accounted for 8.8 per cent of the total economy in the Americas last year.

Tourism was also responsible for approximately 45 million jobs, or 9.8 per cent of their total workforce, the report stated.

International visitor spend totalled $324 billion in the region, representing 7.3 per cent of all exports.

Gloria Guevara, WTTC chief executive, said: “Our

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A US$4.8 billion economic stimulus package for Malaysia to mitigate Covid-19 impact

Malaysia has unveiled the 2020 Financial Stimulus Package deal well worth US$four.75 billion (RM20 billion) to overcome the consequences of the coronavirus (Covid-19) outbreak on the tourism marketplace and to guarantee the country’s overall economy stays on solid foundation .

The stimulus
bundle has 3 techniques – to regulate the effect of Covid-19, spur a
people today-centric financial progress and promote top quality financial commitment.

At the package’s launch on February 27 former Key Minister Tun Dr
Mahathir Mohamad claimed that despite the fact that Covid-19 virus outbreak has been
properly-contained the sickness has a major effect on the global

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