Huawei says it will hit $100 billion in revenue for 2018

Huawei says it will hit $100 billion in revenue for 2018

  Zhang Peng | LightRocket | Getty Images People try using Huawei smartphones at an exhibition. Huawei’s revenues will in 2018 surpass $100 billion for the first time, a top boss at the Chinese tech giant said Thursday. Speaking to CNBC in Mandarin via a translator, Eric Xu, one of the rotating chairmen at Huawei said that business is growing “slightly better” than had been expected. “There is no problem that we can hit the $100 billion mark,” Xu said, in a translation that was verified by CNBC. Xu did…

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Fewer GST slabs, once revenue neutral-plus level is reached: Jaitley

Fewer GST slabs, once revenue neutral-plus level is reached: Jaitley

Finance minister Arun Jaitley said on Sunday that Goods and Services Tax (GST) slabs may be reduced in the future, if a “revenue neutral plus” tax level is reached. Jaitley made the remark at the foundation day event of the National Academy of Customs, Indirect Taxes and Narcotics (NACIN). He said reduction in tax slabs under the current GST regime can happen, but only after the GST regime reaches a “revenue neutral plus” level. Since July 1, GST has replaced around a dozen central and state taxes into a single…

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