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China signals tax cuts for 2019

Bloomberg China’s financial regulators appeared to confirm that tax cuts for 2019 are currently being finalised at a meeting of policy officials in Beijing, in a statement aimed at quelling online speculation that the opposite was the case. Online rumours saying Central Economic Work Conference decided not to cut taxes or fees are “contrary to the facts”, according to a ...

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Humans beat robots as door opens for migrants in Japan

Bloomberg The country that brought robots to car factories looks set to stay resolutely old school in agriculture as it seeks to attract more foreign workers to replenish an aging workforce. This month’s vote by Japan’s parliament to open the door more widely to overseas labourers confirms that despite government support and millions of dollars of investment in high-tech agriculture ...

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Post-Brexit immigration plan angers UK businesses

Bloomberg The UK published its long-awaited immigration plan for life outside the European Union, to end freedom of movement from the bloc and prioritise skilled workers regardless of nationality. Home Secretary Sajid Javid said the aim was to bring net migration down to “sustainable levels.” Reducing immigration has been a major issue for British voters and was a key motivation ...

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