Foreign investments

Government to provide RM2bil fund to attract strategic foreign investment

KUALA LUMPUR: The government will provide a special fund of up to Ringgit 2 billion under the 2022 budget to attract strategic foreign investment from multinational corporations (MNCs). Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said this is particularly aimed at multinationals who can complement the industry value chain and generate knowledge-based job creation […]

Income tax

Longview Joins Growing Lists of Washington State Cities Banning Local Income Tax »Publications» Washington Policy Center

Longview City Council unanimously passed a local income tax ban resolution at its October 28 meeting. This means that at least one county and ten cities in Washington have now acted to ban a local income tax, including Battle Ground, DuPont, Granger, Kennewick, Longview, Moses Lake, Richland, Spokane, Spokane Valley, Union Gap and Yakima County. […]

Corporate profits

Joe Biden targets corporate profits, rich to pay $ 1.75 trillion spending bill

President Biden on Thursday proposed a series of new taxes on business and the wealthy, arguing it was time to end the era of the “trickle-down economy.” After months of negotiations and delays, Mr Biden announced the tax increases under his long-standing $ 1.75 trillion social protection and climate change bill. Taken together, the deal […]

Foreign investments

Cypriot government announces new action plan to attract foreign investment to the island – Government, Public Sector

To print this article, simply register or connect to Mondaq.com. Friday 15e from October 2021, the Cypriot government announced its new action plan to attract foreign companies to establish or expand their activities in Cyprus. The announcement came a year after the abolition of the previous investment program. The announced new strategy aims to turn […]

Corporate profits

Warren Introduces Bill to Levy 15% Minimum Tax on Corporate Profits

As Democrats run out of options to fund their reconciliation bill, key senators including Senator Elizabeth Warren (D-Massachusetts) have introduced a bill that would ensure big corporations pay a rate minimum tax. This would prevent companies from exploiting the tax system to pay a zero or negative effective tax rate. Minimum corporate income tax would […]

Corporate profits

Democrats unveil minimum corporate profit tax forcing richest companies to pay 15% rate

Three Democratic senators on Tuesday unveiled a bill that would require around 200 U.S. companies to pay a minimum tax rate of 15% The proposal, titled “The Corporate Profits Minimum Tax” is sponsored by Senators Elizabeth Warren (D-Mass.), Angus King (I-Maine) and Senate Finance Committee Chairman Ron Wyden (D-Ore.) And co-sponsored by Senators Michael Bennet […]

Income tax

Income Tax Department raids two Punjab-based companies and finds unrecorded income of Rs 150 cr: The Tribune India

Tribune press service New Delhi, October 26 During the Income Tax Department’s recent raids against two Punjab-based business groups including a cycle maker, unrecorded receipts worth Rs 150 crore were seized by the department. The Central Commission on Direct Taxes (CBDT), in a statement, said: “The group has been established to be involved in suppressing […]

Foreign investments

Premium conditions for large foreign investments in Ukraine

Contents Premium solution for large investments Which projects can benefit from state support? What state support will be available? What are the practical challenges for foreign investors? Investors looking for long-term opportunities in emerging markets always value the political, economic stability and transparency of government institutions. These factors determine the viability of the project: whether […]

Income tax

Income tax raids more than 2 dozen bicycle shop premises in Ludhiana

About thirty IT teams participated in the raids, which were carried out simultaneously in industrial units, offices and residences of bicycle traders in Ludhiana. Suspected of tax evasion, the investigative wing of the income tax service (IT) carried out searches in more than twenty premises of manufacturers of cycles and spare parts in the city, […]

Foreign investments

New special regime to promote foreign investment through the capital market: the importance of the mining sector | Dentons

On October 1, 2021, resolution n ° 906/21 issued by the National Securities Commission (Comisión Nacional de Valores or CNV for its Spanish acronym) was published in the Official Journal, calling for a public consultation on the promulgation of a dual listing regime (the Scheme) intended to promote foreign direct investment, increase exports and develop […]

Income tax

Tax Traders and Taxlab Transform Income Tax Payments for New Zealand Businesses

Thursday, October 21, 2021, 3:15 p.m.Press release: Joint press release Leading tax technology companies Taxlab and Tax Traders today announced an exclusive technology partnership that will revolutionize the way New Zealand businesses pay their income tax. Taxlab co-founder and CEO Allen Knight said the partnership would strengthen the company’s mission of reducing the pain, risk […]

Foreign investments

Foreign investment in Latvia has doubled this year, economist says / Article

Before the pandemic, foreign investment in Latvia was stable, at around 2-3% of Latvia’s gross domestic product. In 2020, foreign investment increased slightly, said Guntis Kalniņš, economist at Bank of Latvia. “In the first half of this year, the flow of foreign investment even doubled, which may seem contradictory to intuition. We see foreign funds […]

Foreign investments

Decline in foreign investment in Nigeria

The Director General of the World Trade Organization (WTO) and former Minister of Finance, Dr Ngozi Okonjo-Iweala, recently expressed his concern over the drastic drop in foreign investment in Nigeria. She said the cost of doing business in the country remains “too high” to attract foreign and domestic investment into the economy. His concern expressed […]

Foreign investments

Foreign investment in Egyptian oil sector drops 26.02%, minister says

Bitcoin hit a new high on Wednesday after taking another step towards mainstream status as the world’s largest cryptocurrency made a foray on Wall Street. A Bitcoin exchange-traded futures fund (ETF), a type of financial instrument, debuted on the New York Stock Exchange on Tuesday. The Bitcoin Strategy ETF rose almost 5% on its first […]

Income tax

Income Tax Department unearths multi-million dollar black money in raids on two corporate groups

The income tax department has uncovered tax evasion worth millions of rupees in search and seizure operations against two groups of companies in several states, the Central Commission for Taxation said on Sunday. direct taxes (CBDT) in a press release. The searches were carried out on October 12, the direct tax administration informed. The first […]

Foreign investments

K’taka makes strong plea for more foreign investment at Dubai Expo 2020

Underlining the “dominant position” of Karnataka in the aerospace and defense sector, the state government on Sunday made a strong plea for more foreign investment in these sectors, during the Dubai Expo 2020 . In a keynote address at the session on Opportunities in the Aerospace, Defense and Space Sectors of Karnataka at Dubai Expo […]

Income tax

DuPont Becomes Eighth City in Washington State to Ban Local Income Tax »Publications» Washington Policy Center

Tonight, DuPont city council moved to become the eighth city in Washington to ban a local income tax. Along with other cities, Yakima County also passed a ban. From DuPont City Council’s income tax ban: “The City Council hereby declares that the imposition of a local income tax on businesses and residents of the Town […]

Foreign investments

Net inflow of foreign investment jumped 52% in July, says BSP

Long-term capital inflows to the Philippines surged in July, continuing a recovery in investment in the country this year after last year’s downbeat numbers due to the onset of the coronavirus pandemic, central bank data shows. . In a statement, the Bangko Sentral ng Pilipinas (BSP) said net foreign direct investment (FDI) inflows increased by […]

Corporate profits

UPDATE 2-Wholesale inflation in Japan hits 13-year high, squeezing corporate profits

* September wholesale price + 6.3% y / y vs f’cast + 5.9% * The increase reflects the increase in the range of raw material costs * Weak household spending keeps consumer inflation contained (overhauls, adds analyst quotes and milestones) By Leika Kihara TOKYO, Oct. 12 (Reuters) – Wholesale inflation in Japan hit a 13-year […]

Corporate profits

Wholesale inflation in Japan hits 13-year high, squeezing corporate profits By Reuters

© Reuters. FILE PHOTO: People wearing protective masks are reflected in a mirror at a shopping mall in Tokyo amid the outbreak of coronavirus disease (COVID-19) in Tokyo, Japan, August 19, 2021. REUTERS / Athit Perawongmetha / File Photo By Leika Kihara TOKYO (Reuters) – Wholesale inflation in Japan hit a 13-year high in September, […]

Corporate profits

Wholesale inflation in Japan skyrockets, squeezing corporate profits

Band Leika Kihara TOKYO, October 12 (Reuters) – Wholesale prices in Japan jumped 6.3% in September from a year earlier as commodity costs continued to rise, data showed Tuesday, a sign that global commodity inflation is weighing on business results. The rise in the Business Goods Price Index (CGPI), which measures the price that businesses […]

Corporate profits

Wholesale inflation in Japan hits 13-year high, squeezing corporate profits

By Leika Kihara TOKYO (Reuters) – Wholesale inflation in Japan hit a 13-year high in September, with rising global commodity prices and a weak yen pushing up import costs, putting pressure on commodity margins. businesses and increasing the risk of unwanted consumer price increases. Rising input costs are straining manufacturers already hit by supply constraints […]

Foreign investments

Central bank suggests Padma seeking foreign investment

The Bangladesh Bank has suggested that Padma Bank – formerly Farmers Bank – vigorously seek foreign investment to finance its activities. In an Oct. 5 letter to the Financial Institutions Division, the central bank said it would be best if Padma Bank could fill its capital gap by bringing in investment from abroad. Earlier in […]

Income tax

Spotlight on Sponsors: Workshop to Explore Alternatives to Reduce Income Tax on Retirement Distributions

Dick Harsin In addition to dealing with COVID-19 last year, on January 1, 2020, Congress enacted a major change in the distribution of retirement accounts. This law was called the Setting Every Community Up for Retirement Enhancement Act, commonly known as the SECURE law.. While there are good provisions in the law (increasing the minimum […]

Foreign investments

Trump’s Washington hotel has racked up millions in debt despite foreign investment

Donald Trump’s Washington hotel has racked up more than $ 70 million in debt, while claiming the property is raking in millions, according to a series of explosive documents released by the House Oversight Committee. The committee, chaired by Representative Carolyn B. Maloney, DN.Y., has effectively undertaken the first formal review and public release of […]

Income tax

Recent changes in the highest personal income tax rates in Europe, 2021

In 2019, personal income tax revenue represented 24% of total tax revenue in OECD countries. Countries tax labor income in a variety of ways through payroll taxes, personal income taxes and, in some cases, surcharges. Between 2018 and 2021, eight European OECD countries changed their top personal income tax rates. Of these eight countries, four […]

Income tax

How to pre-validate your online bank account for an income tax refund?

Steps to check if your bank account is already pre-validated or not By following the steps below, you can easily check if your bank account Visit https: // www. Incometax.gov.in/iec/foportal and click “Login” to log into your account. In the “Login” section, enter your PAN (permanent account number), Aadhaar number or other user ID only […]

Income tax

Worthington collects tax revenue for the Township of Sharon through JEDD

The Town of Worthington begins collecting tax revenue for the Township of Sharon as part of a Joint Economic Development District. On September 20, the city council created a special JEDD income fund with the aim of collecting tax revenue. “Worthington will collect income tax for the Township of Sharon,” said board chair Bonnie Michael. […]

Income tax

Electronic merchants authorized to register for income tax with domicile: ETA

E-merchants operating in Egypt could register for income tax using their home address, according to Reda Abdel Qader, chairman of the Egyptian Tax Authority (ETA). The taxpayer must submit a photocopy of the lease or ownership contract of his residence, in addition to a recent electricity bill billed to the registered address to open a […]

Income tax

The Income Tax Department conducts research in Maharashtra, Karnataka, Uttar Pradesh

New Delhi [India], October 4 (ANI): The Income Tax Department conducted a search and seizure on September 30 at 37 premises in several cities, including Mumbai, Pune, Noida and Bengaluru. These groups / individuals were in various businesses such as cable manufacturing, real estate, textiles, printing machines, hotels, logistics. During the search operation, several incriminated […]

Income tax

Income Tax Department Detects ‘Unrecognized Transactions’ Worth Over 500 Crore Yen at Ahmedabad Real Estate Company | Latest India News

The Income Tax Service raided an Ahmedabad-based real estate developer, which uncovered unrecorded transactions worth more than ??500 crore, the Central Commission for Direct Taxes (CBDT) claimed on Saturday, adding that the transaction, which was part of a tax evasion investigation, was also carried out on brokers linked to the developer. “Documents have revealed unrecorded […]