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India and France are nearing a revised tax treaty that will reduce dividend taxes for French parent companies holding over 10% stakes to 5%, while increasing it to 15% for minority shareholders. The agreement also proposes allowing India to tax share sales by any French entity, shifting to a source-based capital gains framework.
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President Donald Trump signed an executive order Thursday aimed at blocking states from crafting their own regulations for artificial intelligence, saying the burgeoning industry is at risk of being stifled by a patchwork of onerous rules while in a battle with Chinese competitors for supremacy.
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The government says it delivered a 4.3bn support package for pubs and restaurants in the Budget.
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