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 […]