Corporate profits

EDITORIAL: Record corporate profits must not only benefit shareholders

Japanese companies are reporting big profits for the fiscal year that ended in March. Many companies have racked up record profits as they recover from the slowdown caused by the COVID-19 pandemic and a weaker yen. To pump the money they earned back into the economy, these companies should use the inflated revenue to increase […]

Annual profits

CDC’s annual profits and revenues increase

Sales, marketing and support services group DCC reported an 11% increase in full-year operating profit to over £589 million. DCC’s revenue for the year to the end of March rose 32% to £17.732 billion, from £13.412 billion the previous year, due to higher energy commodity prices. As soaring energy prices boosted its performance, CDC’s healthcare […]

Income tax

Australia Institute: Big gas companies pay no income tax in seven years

Five fossil fuel giants making billions of dollars in profits in Australia without paying income tax have been exposed in a new report. A shocking new report claims that five gas company giants have paid no tax on their Australian operations for seven years. The Australia Institute published a paper analyzing Australian Taxation Office data […]

Income tax

The new amendments to the Charities Income Tax Act 1961: what does it mean for the common man?

Form 10BD and 10BE to take advantage of the Section 80G tax deduction as the May 31, 2022 deadline approaches. In accordance with the application of amendments to the Income Tax Act 1961, from the financial year 21-22, the method of applying the tax deduction under section 80G on gifts facts to NGOs has changed. […]

Income tax

Income Tax Refund, Education Legislation Remains for South Carolina Legislature | Caroline from the south

(The Center Square) – As South Carolina’s regular legislative session ended Thursday, several bills are still in the works, including a proposed income tax refund as well as a proposed legislation to create new education savings accounts. These bills, S1087 and S935has reached the point of the conference committee and could be ready for when […]

Income tax

Eggs and Stakes: State Income Tax Reform | Free News

Sen. Juan Barnett (D-Heidelberg), Rep. Robin Robinson (R-Laurel) and Rep. Donnie Scoggin (R-Ellisville) discussed the implications of the largest tax cut passed in Mississippi history and how the eventual elimination of state income tax would affect the state. Governor Tate Reeves has signed a bill that begins in 2023 to reduce state income tax collected […]

Annual profits

Toyota expects annual profit to decline

Toyota Motor Corporation warned that profits could fall by a fifth in the coming year as rising raw material costs, supply chain issues and the pandemic continued to weigh heavily. The Japanese auto giant said it has temporarily suspended, or plans to suspend, production of cars and components at some factories in Japan and overseas […]

Annual profits

Centrica expects higher annual profits

Image: chrisdorney/Shutterstock Centrica predicted that its annual adjusted earnings would be “at the high end of analysts’ more recent expectations.” The owner of British Gas said it delivered “strong operational performance” in the first four months of the year. The energy giant added that volumes from its nuclear and gas generation assets in the UK […]

Income tax

Income Tax: Should I Advertise for a Maternal Health Fund? – 05/10/2022

I pay for my mother’s health insurance. The invoice is in my name. Can I deduct these expenses? (NBC) As an insured person, you cannot deduct amounts related to your mother if you declare it separately. Your mother can be considered a dependent if, in 2021, she has an income, taxable or not, of R$22,847.76. […]

Foreign investments

TIEZA bats for foreign investment

The cash-strapped Tourism Infrastructure and Enterprise Zones Authority (TIEZA) of the Department of Tourism (DoT) hopes the relaxed rules on foreign ownership will speed up much-needed funds from foreign investors. TIEZA chief operating officer Mark Lapid said he joined Expo Dubai 2020, which ended in March, to encourage foreign investment in tourism – this follows […]

Income tax

New income tax system: is the reduced tax rate option right for you?

There is a lot of confusion about the new tax regime. People are not able to decide which one to go for. The new tax regime is available only to individuals as well as to a HUF whether you are resident or non-resident and is optional. The new tax regime gives you preferential rates up […]

Corporate profits

Reviews | Most of the price increases due to inflation went to corporate profits

When the story of 2020s is written, the current inflationary panic could very well rival the ​“but his ‘duck’ emails surrounding Hillary Clinton in 2016: The impacts on American politics have been profound and decidedly negative from any progressive perspective. I must admit that I had previously underestimated the persistence of the price increases that […]

Income tax

Income tax wing has four months to reach remaining 50% target

Published: 07 May 2022 18:10:37 The National Board of Revenue (NBR) has taken tougher steps to increase its collection from the income tax wing by widening its net and carrying out unpaid taxes, because in the first eight months of the current financial year, it has collected just over 50% of its income. target for […]

Income tax

Mottley to Attend Ohio Business Tax Conference – Income Tax

May 06, 2022 Taft Stettinius & Hollister To print this article, all you need to do is be registered or log in to Mondaq.com. Taft of Counsel Don Mottley will be a panelist at the Ohio Business Tax Conference, taking place June 8, 2022 in Akron, Ohio. Mottley will speak on “Ohio Municipal […]

Foreign investments

Philippines: Amendments to the Foreign Investment Act of 1991 are enacted

In short On March 2, 2022, President Rodrigo Duterte signed into law Republic Act No. 11647 (RA 11647), also known as the “Foreign Investment Promotion Act, thereby amending Republic Act No. 7042, also known as the “Foreign Investments Act 1991 (FIA)”, as amended, and for other purposes”. RA 11647 establishes the Inter-Agency Investment Promotion Coordinating […]

Corporate profits

Most of the price increases due to inflation went to corporate profits

When the story of 2020s wrote, the current inflationary panic could very well rival the ​“but his ‘duck’ emails surrounding Hillary Clinton in 2016: The impacts on American politics have been profound and decidedly negative from any progressive perspective. I must admit that I had previously underestimated the persistence of the price increases that started […]

Income tax

A 1% income tax is on the ballot again in Beavercreek, Ohio

Beavercreek is one of only three cities in Ohio with no income tax. However, that could change after voters head to the polls on May 3. In nearly 40 years, this is the fifth time the controversial tax issue has been on the ballot. Opponents claim it is taxation without representation, while supporters say the […]

Income tax

Raising an extra dollar in personal income tax costs the Canadian economy $2.86 – Lake Superior News

Select a month: Select a monthMay 2022June 2022July 2022August 2022September 2022 Mon Mar Sea Game Fri Sat Sun 25 26 27 28 29 30 1 2 Thunder Bay Museum hosts traveling Holocaust exhibit Thunder Bay Museum hosts traveling Holocaust exhibit THUNDER BAY, ONTARIO ~~~~ March 1, 2022 (LSNews) The Thunder Bay Museum would like to […]

Annual profits

MTCC announces 21% increase in annual profits in 2021

Maldives Transport and Contracting Company (MTCC) reports an increase in the company’s after-tax profit of 21% in 2021. According to the state-owned company, the notable increase in after-tax profit is directly due to improved activities in the construction and dredging segments of the company. Despite recording an annual improvement in after-tax profit in 2021 compared […]

Income tax

New Ohio Bill Would Kill State Income Tax

Ohio House 80th District candidate Steve Huffman, 2014 Ohio House 80th District candidate Steve Huffman, 2014 Named after economist Arthur Laffer, its namesake “curve” postulates an “optimal” tax rate that maximizes tax revenue. In fiscal 2020, Ohio’s personal income taxes generated nearly $8.3 billion, less than the state’s sales and use taxes, which generated $10. […]

Income tax

Mayor Barlow proposes disability, limited income tax exemption and increase for seniors exemption – Oswego County Today

Mayor Billy Barlow OSWEGO – Oswego Mayor Billy Barlow today announced a proposal to introduce a new tax exemption for people with disabilities on limited incomes in the City of Oswego. If approved, the exemption would provide tax relief to eligible persons with disabilities under the property tax law on a sliding scale with incomes […]

Income tax

💸 Income Tax Refund + OBJ House + Boxer Sentence Commutation

Can Ohio afford to give you back your income tax money? You must have plenty of cheddar, $3.3 million to be exact, to afford the old Odell Beckham Jr. digs in northeast Ohio. These are just two of our titles to watch today. ☔ Weather: A cold shower in the morning on a cold day. […]

Foreign investments

Increased foreign investment in the Indian gaming market.

From: John Braham There has been an increase in gambling activities in India since 2016. This has resulted in the growth of the gambling industry in India. This growth is the result of many factors including the fact that there are many internet users in India and the widespread adoption of digital payment methods in […]

Income tax

Income tax hurdle now stands in the way of high-speed train project

Riddled with ongoing delays, the prestigious high-speed rail project faces another hurdle: income tax. The Japanese side, which is a partner in the project, has warned of “inevitable delays” if its multiple petitions seeking exemption from income tax provisions for its consultants engaged in the design aspects of the train project at Mumbai Ahmedabad High […]

Corporate profits

When You Talk About Inflation, Definitely Talk About Corporate Earnings

Here’s what it looks like: And, notes Bivens, these data mean that the traditional explanations for inflation that many economists are now offering should be taken with several grains of salt. “The historically high profit margins of the economic recovery after the pandemic rest very uncomfortable with explanations of recent inflation based solely on macroeconomic […]

Income tax

Oman set to introduce personal income tax

After two years of suspense, the Gulf state of Oman could pull the trigger next year. “Income tax is still on track,” a source with the Sultanate’s National Balanced Budget Program told Al-Monitor on condition of anonymity. “We have just finished drafting the law and are making operational preparations. We expect personal income tax to […]

Annual profits

Tesla is shifting into high gear and is on track to double its annual profits

After the shock of Netflix (NASDAQ:) subscriber failure earlier this week, many Nasdaq stocks were crushed yesterday, with Tesla (NASDAQ:) ending the day down nearly 5% on fears that Last night’s first quarter earnings did not disappoint. That turned out not to be the case with $18.76 billion, up 81% and nearly $1 billion above […]

Annual profits

Tesla shifts into high gear, on track to double annual profits

JEsla’s share price jumped 2.5% in after-hours trading in New York yesterday as the company announced after markets closed that first-quarter revenue was $18.76 billion, beating expectations of $17.80 billion. Earnings per share also beat expectations, coming in at $3.22 versus estimates of $2.27. Tesla stock price up as first-quarter results defy expectations Tesla’s first […]

Income tax

Eliminate state income tax, temporary sales tax

Editor’s Note: Below is a guest column submitted to USA Today Network Louisiana newspapers by Louisiana House Republican Caucus Chairman Blake Miguez of Erath. Just like the weather in the Bayou State, the state of Louisiana’s finances can change very quickly. Since my election to the legislature in 2015, I have experienced numerous state budget […]

Corporate profits

Minnesota grapples with inflation Report blames corporate profits / Public News Service

The greater share taken from Minnesotans’ paychecks by rising consumer costs is being seen in several ways — including the opportunity for corporate profit. A new report from the Groundwork Collaborative said companies are taking advantage of the pandemic to drive up the costs of products such as prescription drugs, groceries and diapers. The authors […]

Corporate profits

Corporate profits rise amid inflation as some Democrats cry foul

As consumers feel the pinch of inflation, corporate profits are at all-time highs, bolstering Democratic arguments that big business is ripping off consumers and making inflation worse. Inflation has become a major headwind for Democrats ahead of this fall’s midterm elections, as the party risks losing its narrow House and Senate majorities. Rising prices have […]

Income tax

Evers campaign: TAX DAY: Wisconsin residents see their income tax reduced thanks to Governor Tony Evers

MADISON, Wis. – Today is tax day, and this year Wisconsinans are keeping more of their money thanks to Governor Tony Evers. During his first term, 86% of Wisconsin taxpayers receive an income tax reduction of 15% or more. Globally, 2.4 million Wisconsin taxpayers to get relief. Last year Governor Evers signed the first bipartisan […]

Corporate profits

It’s time to tax excessive corporate profits

Senator Bernie Sanders recently introduced the Ending Corporate Greed Act. the law would impose a 95% tax rate on the excess profits of large corporations that earn more than $500 million a year. Excess earnings are defined as earnings that exceed the company’s average earnings level from 2015 to 2019, adjusted for inflation. This excess […]

Income tax

Know the income tax rules on cashing out leave during service or job change

Generally, all employees are eligible for a certain amount of paid time off each year. Paid time off is an integral part of the incentives offered by employers to join this company. The income tax laws grant an exemption for the cashing of these paid holidays in part or in full. Let’s discuss in detail. […]

Foreign investments

Nigeria’s banking sector attracts $15.7 billion in foreign investment in 5 years

The Nigerian banking sector is one of the viable destinations for foreign investors in the country, as it has attracted over $15.7 billion in foreign investment in the last 5 years, representing one of the sectors most attractive in the Nigerian economy. This is based on an analysis carried out by Nairalytics, the research arm […]

Income tax

Raise Income Tax Levels for Wealthy Ugandans – Tax Auditor’s Report

The latest tax auditor’s report proposed that the government introduce new tax brackets for Ugandans earning higher incomes to ensure a fair and inclusive tax system. Speaking at the launch of the Third Fair Tax Monitor 2021 report in Kampala on Wednesday, Daniel Lukwago of Oxfam described some of the recommendations as necessary due to […]

Foreign investments

The business climate will remain fragile; but foreign investment will surge – Fitch Solutions

The business climate will remain fragile in the coming months, while private consumption is expected to slow this year, largely due to the planned implementation of the 1.5% tax on electronic transfers (E-levy) , revealed Fitch Solutions in its latest Sub-Saharan Africa update. . According to the research arm of ratings agency Fitch, Ghana’s Purchasing […]

Corporate profits

Store credit cards drive corporate profits and disgruntled workers

Clothing retailers sell more to their buyers than jeans and sweaters. Large clothing companies also sell credit, often with very high fees, such as The holes Starting interest rate of 21.7% and late payment fee of 27-37 USD. In 2019, Macy’s store credit card revenue of $771 million accounted for more than half of Macy’s […]

Annual profits

Tesco sees annual profits soar but warns of soaring inflation

J esco revealed that annual profits have more than tripled, but warned that retail profits will be under pressure this year due to soaring inflation and shoppers returning to their buying habits. before the pandemic. The supermarket giant saw the group’s pre-tax profits climb to £2.03bn in the year to February 26, from £636m the […]

Annual profits

Tesco’s annual profits jump but warn of tougher outlook this year

UK retailer Tesco posted a sharp rise in annual earnings on Wednesday, but warned that current-year earnings could fall as inflationary pressures begin to hit consumers. The company said adjusted operating profit rose 35.8% to £2.65bn in the year to February 26. On a pre-tax basis, it had risen 219% to £2bn. Total group sales […]

Income tax

Deadline for filing personal income tax returns is April 18, with some extensions granted due to tornadoes

FRANKFORT, Ky. (WBKO) – The Kentucky Department of Revenue (DOR) reminds taxpayers that the 2021 personal income tax filing deadline arrives on Monday, April 18, 2022. The April 18 deadline of this year gives Kentucky taxpayers a few extra days to file their tax returns due to the Emancipation Holiday in Washington DC on Friday, […]

Foreign investments

The massive loss of foreign investment – ​​The Sun Nigeria

A new report from the National Bureau of Statistics (NBS) has shown that Nigeria managed to generate $698.7 million in Foreign Direct Investment (FDI) in 2021. This is the lowest in 10 years and a clear indication the economy is heading in the wrong direction. . The NBS report is also backed up by a […]

Income tax

Everything you need to know about income tax e-notices

Since the advent of technology, most communications from the Income Tax (IT) department to an assessee are delivered to their registered email address. The Delhi High Court at Venad Properties Pvt. ltd. v. Commissioner of Income Tax (2013) 212 Taxman 20, held that the object and purpose of the notice is to inform and inform […]

Income tax

Avon seeks increased income tax to develop park land – Morning Journal

The City of Avon is seeking to raise its income tax rate to raise about $2 million a year for 10 years to purchase land for its park system. The proposed income tax increase will be on the ballot in the May 3 primary election. If voters approve the measure, the funds raised from the […]

Income tax

Amalgamating corporation’s income tax assessment when not erroneous

The Supreme Court has ruled that the question of whether the corporate death of an entity during a merger per se invalidates an assessment order, generally cannot be determined on the simple application of section 481 of the Act. on the 1956 corporations, but would depend on the terms of the merger and the facts […]

Foreign investments

Maltese General Election 2022 and Impact on Foreign Investment – Inward/Foreign Investment

To print this article, all you need to do is be registered or log in to Mondaq.com. In this article you will find more information on one of the most significant events of the month, the elections in Malta. But also, an interesting topic that we have written about is the impact of these elections […]

Corporate profits

Is inflation finally biting into corporate profits?

Since inflation started exploding last year, America’s big corporations have found a simple way to keep making record profits: pass all those price hikes with their customers. But the formula may be showing signs of reaching its limit, adding drama to the upcoming earnings season. CEOs are lining up to tell investors in the coming […]

Income tax

State income tax plan for $300 homeowners advances amid wide debate

On Wednesday, the Democratic-dominated General Assembly Finance, Revenue, and Liability Committee crafted a set of budget proposals, including an election-year extension of the Connecticut property tax credit that, since 2017, is limited to seniors and families with dependents. Minority Republicans have failed in their efforts to increase credit beyond Gov. Ned Lamont’s proposed $300 credit […]

Annual profits

Record annual profits for Lookers

The Lookers Mercedes-Benz dealership in Wolverhampton The group, which has sites in the Black Country, Shropshire and Staffordshire, saw its underlying pre-tax profit rise from £13.7m in 2020 to £90.1m, mainly thanks to margins on used vehicles. Revenue also increased by 9%, from £3.69 billion to £4.05 billion. Managing Director Mark Raban said: “2021 has […]

Foreign investments

Heavy criticism for Buhari’s FG as 24 states record no foreign investment – ​​SundiataPost

•President Muhammadu Buhari ABUJA – The Catholic Bishops’ Conference of Nigeria, the Sultan of Sokoto, Alhaji Abubakar Sa’ad lll-led Jamaatul Nasril Islam, some state governments and the Manufacturers Association of Nigeria have criticized the federal government for its failure to respond the rise of insecurity in the country. The groups said so on Monday as […]

Income tax

No income tax? No thanks.

When I moved to Connecticut in 1986, my new boss assured me that while I wouldn’t get rich on my paycheck, the state didn’t have a personal income tax, so that meant a little extra money in my pocket. I thought I had heard her wrong. I was from Kansas, where state income tax had […]

Corporate profits

Project takeover boosts earnings for Kuwaiti companies

Companies listed on the Kuwait Stock Exchange more than tripled their net profits in 2021 following the recovery of the national economy and project activity, a local newspaper reported. Except for companies in the hydrocarbon sector, listed companies saw a 270% increase in net profit after the OPEC member eased curbs associated with the spread […]

Foreign investments

Kaduna, Enugu… 24 states attracted no foreign investment in 2021

Foreign investors ignored 24 states as the value of capital imports into Nigeria fell 30.78% to $6.7 billion in 2021 from $9.68 billion in 2020. The National Bureau of Statistics (SNB) revealed this in its latest report on Nigerian capital imports for the four quarters of 2021. The report examined the value of new investments […]

Foreign investments

Foreign Investments in Russia at Risk: How Investment Arbitration Can Offer Protection

Russian actions in Ukraine have resulted in far-reaching sanctions by a number of jurisdictions, including the United Kingdom, United States, European Union, Canada and Japan. In response, Russia is issuing anti-sanctions measures that target foreign companies from these jurisdictions. These government measures include, for example: the nationalization of the assets of foreign investors (draft approved […]

Income tax

10 new tax rules in effect this month

With the start of the new fiscal year, there are several changes regarding the income tax rules that are due to take effect on April 1, 2022. Let’s take a look at the new income tax rules that have introduced for this exercise: 1) Interest earned on the employee’s contribution to the Provident Fund (PF) […]

Income tax

Biden’s billionaire income tax has a lesson for India

At a time when socialism for business is the reigning mantra, US President Joe Biden has shown tremendous political courage to ensure that billionaires pay their fair share of taxes. After publicly denouncing the Trickle Down theory a few weeks ago, which, as we all know, is the very basis of the neoliberal economy at […]

Income tax

Indonesia to impose VAT and income tax on crypto assets from May

JAKARTA, April 1 (Reuters) – Indonesia plans to charge value added tax (VAT) on crypto asset transactions and an income tax on capital gains from such investments at 0.1 % each, starting May 1, a tax official said Friday. amid a boom in digital asset trading. Interest in digital assets has surged in Southeast Asia’s […]

Corporate profits

US corporate profits and CEO pay jumped in 2021 as inflation squeezed real wages

The corporate assault on the living standards of American workers during the pandemic intensified in 2021. As inflation slashed living standards for most, corporate profits hit record highs levels for decades, rising 25% year over year to $2.81 trillion. The increase is even greater – 37% – when taxes are taken into account. This is […]

Corporate profits

Even as inflation bites, corporate profits soar

Stan Choe ASSOCIATED PRESS NEW YORK – What is safe from high inflation? So far the profits of large US companies. Businesses face higher gas and heating bills, as do consumers, in addition to higher expenses for labor and raw materials. But unlike many middle- and low-income Americans, they earned more than enough extra income […]

Annual profits

Northam Platinum half-year profits up 60% in South Africa

After losing to Impala Platinum Holdings in a takeover war, the CEO of Northam Platinum Holdings claimed on Thursday that his company’s stake in Royal Bafokeng Platinum (RBPlat) gave him a position of strength and was “the silver medal “. Since November 2021, Northam has acquired a 34.68% stake in RBPlat, hampering Impala’s quest to […]

Corporate profits

Even as inflation bites, corporate profits remain stable

NEW YORK – What is safe from high inflation? So far the profits of large US companies. Businesses face higher gas and heating bills, as do consumers, in addition to higher expenses on labor and raw materials. But unlike many middle- and low-income Americans, they earned more than enough extra income to cover the extra […]

Corporate profits

US corporate profits jump 25% in 2021 to a record high as economy rebounds from pandemic

Numbers: US corporate profits rose again in the fourth quarter and hit a record high, capping a huge increase in 2021 despite widespread supply and labor shortages that have raised costs and contributed to high inflation during the pandemic. Adjusted pre-tax profits rose 0.7% to $2.94 trillion annualized in the final three months of last […]

Corporate profits

The private sector payroll in the United States is growing steadily; Corporate earnings growth slows By Reuters

© Reuters. FILE PHOTO: A restaurant advertising job seeks to attract workers in Oceanside, California, U.S., May 10, 2021. REUTERS/Mike Blake By Lucia Mutikani WASHINGTON (Reuters) – U.S. private employers maintained a strong pace of hiring in March, boosting the labor market recovery, but corporate profit growth slowed significantly in the fourth quarter amid rising […]

Corporate profits

The private sector payroll in the United States is rising sharply; higher costs are eating away at corporate profits

(Adds details, analyst comments, updates markets) * Private payroll increases by 455,000 in March * Medium and large companies represent the bulk of hires * Corporate profit growth slows in fourth quarter WASHINGTON, March 30 (Reuters) – U.S. private employers maintained a strong pace of hiring in March, boosting the labor market recovery, but corporate […]

Corporate profits

US economic growth accelerated in the fourth quarter; corporate profits are slowing

WASHINGTON, March 30 (Reuters) – The U.S. economy enjoyed robust growth in the fourth quarter, the government confirmed on Wednesday, but momentum slowed significantly amid a surge in COVID-19 infections earlier this year, supply chains tightened and runaway inflation. Gross domestic product grew at an annualized rate of 6.9%, the Commerce Department said in its […]

Corporate profits

US economic growth accelerated in the fourth quarter; Corporate profits slow | Investment News

WASHINGTON (Reuters) – The U.S. economy grew robustly in the fourth quarter, the government confirmed on Wednesday, but momentum slowed significantly amid a surge in COVID-19 infections earlier this year, of blocked supply chains and runaway inflation. Gross domestic product grew at an annualized rate of 6.9%, the Commerce Department said in its third estimate […]

Income tax

EXPLAINER: How would the billionaire income tax work? | National Associated Press

WASHINGTON (AP) — A “billionaire’s minimum income tax” is included in President Joe Biden’s budget proposal for fiscal year 2023 — as part of the administration’s efforts to reduce the federal deficit over the next decade and finance new spending. The proposal “eliminates ineffective income protection for decades or generations,” the White House said. Whether […]

Income tax

Everything you need to know about Income Tax Service Notices

The Income Tax Department sends notices to certain assessees and asks them to respond. Abhishek Murali, President of the Indian Taxpayers Association (AITPA), decodes everything you need to know about these notices. What is a tax notice? What are the common reasons for issuing it? Once a tax return is filed, it must be processed […]

Income tax

Governor Phil Bryant reveals plan to eliminate income tax

Governor Phil Bryant reveals plan to eliminate income tax Updated: 10:04 PM CDT March 24, 2022 Hide transcript View Transcript 16 WAPT’S KEEGAN FOXX LOOKS AT THE NUMBERS. GOVERNOR TATE REEVES IS DEPLOYING WHAT HE CALLS A BOLD PROPOSAL THAT WOULD COMPLETELY ELIMINATE INCOME TAX IN THE STATE – AND, HE SAYS, WILL FINALLY PUT […]

Annual profits

Playtech’s full-year profits up, Next cuts its forecast for the financial year

London pre-opening The FTSE 100 was set to open 13.7 points higher before the bell on Thursday after closing the previous session 0.22% lower at 7,460.63. Stocks to Watch media company To come up revealed on Thursday that it had acquired digital-only entertainment publisher WhatCulture.com, operator of data news platform Waive for an undisclosed amount. […]

Income tax

Hi SoCal. Change is our intention. – Mike Feuer releases personal tax returns

City Attorney Mike Feuer announced the trial Monday morning. | Photo courtesy of City Attorney Mike Feuer via Twitter A day after challenging real estate developer and mayoral candidate Rick Caruso to release his tax returns, City Attorney Mike Feuer, also a mayoral candidate, released his own tax returns for the past five years. According […]

Foreign investments

Sabah recorded RM4.37 billion in foreign investment last year

KOTA KINABALU: Sabah recorded around RM4.37 billion in foreign investment last year, the Sabah State Assembly announced today. Deputy Chief Minister Datuk, Dr. Joachim Gunsalam, said this was about 90% of the total value of investments recorded by the state last year, which was 4.86 RM billion through investments from 14 approved manufacturing companies based […]

Foreign investments

Pres Ali pitches for foreign investment in the Caribbean

Guyanese President Dr. Mohammed Irfaan Ali told international investors that the Caribbean region is a stable platform with all the components of a modern and emerging economy. Once you have the capital, the foresight, the access to technology, the Caribbean region is a destination you should consider. It is a destination that offers you the […]

Foreign investments

How the multi-club ownership ban could impact foreign investment and change the future of Italian football

TURIN, ITALY – MAY 09: Zlatan Ibrahimovic of AC Milan reacts during the Serie A match between … [+] Juventus and AC Milan on May 09, 2021 in Turin, Italy. Sports stadiums across Italy remain under strict restrictions due to the coronavirus pandemic as government social distancing laws prohibit fans from going inside venues resulting […]

Corporate profits

Rising prices boost corporate profits

Workers seeking pay rises are often blamed for inflation, but right now people are questioning the role of corporate profits in driving up prices. Some large multinational corporations have been very open with their investors that price increases translate into increased revenue. In 2021, the multinational Proctor & Gamble said they needed to raise prices […]

Income tax

Income Tax Department detects cash transactions worth Rs 3,000 crore after raids on Omaxe group : The Tribune India

PTI New Delhi, March 22 The Income Tax Department has gathered ‘evidence’ that property group Omaxe may have engaged in ‘unrecorded’ cash transactions with clients to the tune of more than Rs 3,000 crore, officials said on Tuesday. responsible. The CBDT has released a statement to say it raided the premises of a […]

Income tax

Your Questions – Income Tax: You can deduct up to Rs 3 lakh on royalty income

In either case, a deduction up to an amount of Rs 3 lakh from royalty income under Section 80QQB is permitted, provided that Form 10CCD is furnished and duly verified by the person responsible for making this payment with the return of the income. By Chirag Nangia Can income from royalties received from an Indian […]

Income tax

Should you move to a state with no income tax? – Forbes Advisor

Editorial Note: We earn a commission on partner links on Forbes Advisor. Commissions do not affect the opinions or ratings of our editors. The advantage of moving to a state with no income tax is quite simple: you don’t have to pay state income tax on the money you earn. Currently, seven states (Alaska, Florida, […]

Foreign investments

Preparing for Russian actions against foreign investment – Government, public sector

To print this article, all you need to do is be registered or log in to Mondaq.com. The Russian Federation has recently implemented measures in retaliation for US and EU sanctions that may violate its obligations under international treaties that protect foreign investment in Russia.1 These measures include: Allow Russian companies to use patents […]