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| India needs corporate tax in line with global levels: FM | |  India should have a tax on company profits that is more consistently applied than it is now and should bring down its effective rate to global levels, Finance Minister Arun Jaitley said on Friday. "We must ... remove discretion, phase out exemptions and bring the effective rate down to global levels," Jaitley told a news conference called to mark the first year of Prime Minister Narendra Modi's government in power. Jaitley's comments reiterated a budget commitment to cut the rate of corporate tax to 25 percent from 30 percent over the next four years, and represented an olive branch to foreign porfolio investors surprised by a slew of tax claims.
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| Court frees ex-Korean Air executive in 'nut rage' case | |  By Ju-min Park SEOUL (Reuters) - Former Korean Air Lines executive Heather Cho walked free after nearly five months in prison on Friday after an appeals court suspended the sentence she was given for her outburst over the way she had been served macadamia nuts. Cho, the daughter of the airline's chairman, was sentenced in February to one year in prison over the Dec. 5 incident at New York's John F. Kennedy airport, where she forced a plane to return to its gate in order to expel the flight's crew chief. The "nut rage" case provoked mirth as well as outrage in South Korea, where many people are fed up with what they see as heavy-handed conduct by the rich and powerful.
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| A year after Thai coup, stability trumps growth for business | |  By Amy Sawitta Lefevre and Panarat Thepgumpanat BANGKOK (Reuters) - When Thailand's army seized power in a bloodless coup, much of the business establishment quietly cheered them on. A year on, the captains of Thai industry remain firmly behind the junta, despite a lacklustre economy and a delayed return to democracy. At the very least it has made the country peaceful and it has brought order," Poj Aramwattanont, President of Thai Frozen Foods Association (TFFA), told Reuters.
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| Rapper Flavor Flav arrested in Las Vegas with marijuana, alcohol in car | |  (Reuters) - Rap star Flavor Flav was arrested on Thursday in Las Vegas on suspicion of driving under the influence, after he was pulled over for speeding and was found with marijuana and an open container of alcohol in his BMW, a Nevada state trooper said. Flavor Flav, who rose to fame in the 1980s as a rapper with the politically oriented group Public Enemy, was travelling 73 miles per hour (117 kph) in a 45-mile-per-hour (72-kph) zone on Interstate 15 when he was stopped shortly after midnight, said Nevada Highway Patrol spokesman Trooper Loy Hixson. The 56-year-old rapper, who was born William Drayton Jr., was arrested on suspicion of driving under the influence, marijuana possession, having an open container of alcohol in a vehicle, driving with a suspended vehicle registration and operating a motor vehicle with a suspended license, Hixson said.
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| Son in Duggar TV family apologises after molestation allegations | | | A son in the large, Christian family featured in reality television show "19 Kids and Counting" issued an apology and quit his job on Thursday after reports that he molested underage girls when he was a teenager. Josh Duggar, 27, is the eldest child of Jim Bob and Michelle Duggar, whose long-running show on cable network TLC chronicles the daily struggles and triumphs of a conservative family in Arkansas. Josh Duggar did not directly address the allegations that were reported by In Touch magazine and other websites, but said in a statement that he felt remorse for what he called "wrongdoing." "Twelve years ago, as a young teenager, I acted inexcusably for which I am extremely sorry and deeply regret. |
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