Articles tagged “tax reform”

As the Maldives grapples with economic challenges, travelers may begin questioning if the beauty of its overwater villas and turquoise waters still outweigh the growing price tag.

Once again, the Indian Union Budget left the tourism industry high and dry, ignoring all their key demands. With their hopes for infrastructure status and tax rates dashed, the industry had to content itself with the crumbs of small mercies.

After a snap U.K. election, the results are in. A landslide for the Labour party means aviation pledges should soon turn into practice. The industry will be watching.

In a further liberalization of regulations to attract more tourists, Dubai has scrapped the 30 percent municipality tax on alcohol.

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.

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

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.

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