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Thailand to start collecting inheritance tax next February

BANGKOK – Thailand will start collecting inheritance tax for the first time next February. The Inheritance Tax Act 2015 says a 5 percent tax will be imposed on inherited assets worth more than 100 million baht ($2.8 million) for parents or direct descendants, and 10 percent for others. The act …

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US economy: Why I'm optimistic about growth in 2015

Could 2015 be the breakout year for the economy? Last week we got very joyful news: The economy grew by nearly 5 percent in the third quarter of 2014, after 4.6 percent growth in the second quarter. That’s a giant increase from the 2 percent rut the economy has been …

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Drugmaker GlaxoSmithKline shuts down North Carolina plant over Legionnaires' bacteria

RALEIGH, N.C. – Drugmaker GlaxoSmithKline shut down a plant Tuesday that produces inhaled medications after discovering the bacteria that causes Legionnaire’s disease, a potentially fatal form of pneumonia. The manufacturing plant in Zebulon, about 25 miles east of Raleigh, was closed after routine testing found the bacteria in a self-standing …

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