(Reuters) - As Amazon's Prime Day kicked off the holiday shopping season this week, U.S. consumers are expected to spend a record $18.5 billion using buy now, pay later for purchases in the last quarter of the year, according to projections by data firm Adobe Analytics.
7 key Budget 2025 recommendations: Tiered withdrawal of RON95 subsidies, gradual minimum wage reforms
The budget is also expected to address pressing challenges such as cost-of-living pressures, wage stagnation, and the green transition, MIER noted in a report today. On tax reforms, MIER indicated that the government is expected to introduce a global minimum tax rate of 15 per cent, aligning with international standards. Discussions are ongoing on the potential reintroduction of the goods and services tax.
MIER Pre-Budget GST RON95 Economy
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