AGP Executive Report
Last update: 6 hours agoMSME Tax Relief (Philippines): Sen. Mark Villar launched a bill to exempt micro, small and medium enterprises from the Minimum Corporate Income Tax, arguing MSMEs drive 35.7% of GDP and employ most of the workforce, but are squeezed by inflation and rising costs. MSME Payment & Compliance Reform (India): India’s Rajya Sabha passed the MSME Development (Amendment) Bill, 2026, aimed at improving cash flow, reducing payment delays, and simplifying compliance. Turnover Tax Debate (Bangladesh): A new mandatory 1% turnover tax on non-corporate businesses is drawing pushback because it taxes gross receipts even when firms are loss-making, hitting low-margin SMEs hardest. Sales Tax Holiday Changes (Ohio, US): Ohio’s Aug. 7–9 sales tax holiday returns but is narrower than last year, with lawmakers citing property-tax relief as the trade-off. Card Fees Pressure (US): A Federal Reserve survey highlights payment processing fees as a top small-business pain point; owners say fees can wipe out profits on low-ticket items. Affordable Housing Funding (US): JPMorgan plans to issue $750B through 2035 to build or preserve about 1M affordable homes and expand home lending. SME Credit & Lending (India/Policy): Regulators and policy coverage continues to focus on easing MSME access to credit and reducing compliance friction.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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