Articles tagged “tax reform”

News Blog

Dubai Scraps 30 Percent Tax on Alcohol to Woo More Tourists

In a further liberalization of regulations to attract more tourists, Dubai has scrapped the 30 percent municipality tax on alcohol. Also, tourists and expats will no longer need to pay a fee to secure a personal liquor license to purchase alcoholic beverages. However, an Emirates ID, or passport for tourists, will still be required. However,…

Peden Doma Bhutia | 12 months ago

Coronavirus

Why Hilton and Other Hotels May Not Like This Joe Biden Tax Proposal

The so-called 1031 exchanges are tax deferrals on profitable real estate that, at face value, seem like a no-brainer to repeal and generate revenue. But the coronavirus pandemic's negative impact on hotel building values should cause Washington to reconsider eliminating the provision.

Cameron Sperance, Skift | 3 years ago

Why Hilton and Other Hotels May Not Like This Joe Biden Tax Proposal

Hotels

Choice Hotels Sees Promise of Tax Cuts For Travel, Just Not Yet

That corporate tax rate has helped companies with their balance sheets, but will those extra dollars actually translate to increased travel?

Deanna Ting, Skift | 5 years ago

Choice Hotels Sees Promise of Tax Cuts For Travel, Just Not Yet

Airlines

Southwest Expects a Tax Reform Windfall Will Keep Its Momentum Going in 2018

Southwest has posted record earnings and believes that tax reform will be a major benefit in 2018. But the airline's overall strategy going forward will remain consistent, at least for the time being.

Andrew Sheivachman, Skift | 6 years ago

Airlines

American and Southwest Airlines Giving Employees Tax Reform Bonuses

There's never been any doubt U.S. businesses would benefit from tax reforms. But will consumers and workers? Time will tell.

Brian Sumers, Skift | 6 years ago

American and Southwest Airlines Giving Employees Tax Reform Bonuses