Harris County Commissioners Court on Thursday gave final approval to its financial plan for the upcoming year, including an 8% increase in the county's property tax rate for the new fiscal year beginning on Oct.

Harris County leaders have approved a more than $2 billion budget for the next fiscal year and includes an 8 percent property tax increase along with a big cut for the district attorney's office. FOX 26's Denise Middleton has the details on the plan.

Malaysia is offering 0% tax rate for family offices to set up shop in its struggling mega-project Forest City, as it looks to revive investor interest in the $100 billion development near its border with Singapore.

Malaysia announced on Friday tax breaks and incentives for the troubled Forest City development, a $100 billion project backed by Chinese developer Country Garden Holdings, in a bid to lure investments and spur economic growth in the area.

Malaysia is offering zero per cent tax to attract wealthy Asians into setting up family offices in the troubled Chinese-led mega project Malaysia on Friday said it will offer a zero per cent tax rate to entice Asia's rich to set up family offices in the Forest City Special Financial Zone (SFZ),