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Singapore seen leading race to tax $38 billion shopping boom

Bloomberg Singapore may unveil an e-commerce tax in next week’s budget, setting the tone for a region that’s grappling with online retail’s assault on brick-and-mortar vendors. Eight of the 12 economists in a survey said the February 19 budget will contain a new tax on online vendors, with another betting that cross-border digital transactions will now be included in goods-and-services ...

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Takata settles air-bag claims to exit bankruptcy

Bloomberg Takata Corp.’s US operations, pushed into bankruptcy by the largest automotive recall in US history, settled with two groups representing victims of its faulty air bags, the company said in court documents. Two committees for people suing over the air bags have agreed to support a bankruptcy-exit plan that would resolve lawsuits by channeling them into a trust funded ...

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Sebi examines Fortis after ‘$78mn money taken out’

Bloomberg India’s capital market regulator is examining Fortis Healthcare Ltd. and will look into Religare Enterprises Ltd., following reports alleging money was taken from the companies by Malvinder and Shivinder Singh, who are part of the founding family of both companies. “We are examining the Fortis issue,” Securities & Exchange Board of India Chairman Ajay Tyagi told reporters in New ...

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