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Digital Tax Reform: Philippines Introduces 12% VAT on Global Tech Platforms

The Philippines has significantly increased its tax revenue by imposing a 12% value-added tax (VAT) on digital services provided by tech giants. This new tax law aims to level the playing field between domestic and foreign tech companies, ensuring that all businesses contribute their fair share to the country’s economy. Implementing the 12% VAT on digital services has sparked discussions and debates among various stakeholders. While some argue that the

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BUSINESS

BoE Maintains Rates, Extends Bond Sales Amidst Economic Uncertainty

The Bank of England (BoE) has decided to maintain its interest rates at their current levels while extending its quantitative tightening (QT) program, which aims to reduce its bond holdings. This cautious stance comes amidst mixed economic signals, with inflation showing signs of easing but concerns persisting about potential growth challenges. The decision to hold rates reflects the BoE’s assessment that the economy is operating close to its potential capacity,

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entrepreneur

SLM Solutions Group AG: Pioneering Metal 3D Printing Technology

SLM Solutions Group AG is a leading German company at the forefront of metal-based additive manufacturing, commonly called 3D printing. Headquartered in Lübeck, Germany, SLM Solutions specializes in designing and producing industrial-grade 3D printing machines that leverage Selective Laser Melting (SLM) technology. This process enables the creation of exact metal components layer by layer, using metal powders and a powerful laser system. Company OverviewFounded in 2006, SLM Solutions has established

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