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Hawaii to boost hotel tax to fund climate change measures
Hawaii to boost hotel tax to fund climate change measures

NHK

time2 days ago

  • Business
  • NHK

Hawaii to boost hotel tax to fund climate change measures

The US state of Hawaii has decided to raise the tax on hotel and other accommodation stays to fund climate change measures. Hawaii Governor Josh Green signed the legislation on Tuesday. Starting in January next year, the state's Transient Accommodation Tax will be raised from the current 10.25 percent to 11 percent. The estimated additional annual revenue of 100 million dollars will be used for measures such as mitigating the impact of wildfire-causing droughts and protecting shores. Hawaii is reportedly the first US state to introduce a "green fee." Governor Green said, "Hawaii is doing what other states and other nations are going to have to do." He added that as climate change continues to affect the planet, "there will be no way to deal with these crises without some forward-thinking mechanism." The Associated Press noted that when combined with other state and county taxes, travelers to Hawaii will have to pay a nearly 19 percent levy on their accommodations.

Three people injured in Russian attack on central Ukraine, governor says
Three people injured in Russian attack on central Ukraine, governor says

Reuters

time2 days ago

  • General
  • Reuters

Three people injured in Russian attack on central Ukraine, governor says

May 28 (Reuters) - Russia attacked an industrial enterprise in the city of Svitlovodsk in Ukraine's central Kirovohrad region, injuring three people, Governor Andriy Raikovych said on Wednesday. The resulting fire had been contained, Raikovych said on the Telegram messaging app, adding that 76 private houses and one nine-storey residential building had also been damaged in the attack. The incident left 1,400 residents without power, he said in a later post. Reuters could not independently verify the report. There was no immediate comment from Russia.

Hawaii's governor signs new hotel tax legislation to help cope with climate change
Hawaii's governor signs new hotel tax legislation to help cope with climate change

Washington Post

time2 days ago

  • Business
  • Washington Post

Hawaii's governor signs new hotel tax legislation to help cope with climate change

HONOLULU — Hawaii's governor signed legislation Tuesday that boosts a tax imposed on hotel room and vacation rental stays in order to raise money to address eroding shorelines, wildfires and other consequences of climate change . The signing, which comes nearly two years after a Maui wildfire killed 102 people and wiped out almost all of Lahaina town, marks the nation's first such levy to help cope with a warming planet.

BOJ governor says swings in super-long yields could impact shorter durations
BOJ governor says swings in super-long yields could impact shorter durations

Reuters

time2 days ago

  • Business
  • Reuters

BOJ governor says swings in super-long yields could impact shorter durations

TOKYO, May 28 (Reuters) - Bank of Japan Governor Kazuo Ueda said on Wednesday that large swings in super-long government bond yields could affect yields on shorter-term bonds. "Our research has shown that changes in short- and medium-term interest rates have larger impacts on economic activities than super-long yields due to a larger weight of debt held by companies and households in those durations," Ueda told parliament. "But we will bear in mind that large swings in super-long yields could affect long-term bond yields as well as those on short and medium-term bonds. We'll carefully watch market developments and their impact on the economy," he said.

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