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 […]

Foreign investments

Bangladeshi startups received $750m in foreign investment in a decade: Palak

UNB, Dhaka Wed, Mar 16, 2022 7:08 PM Last updated on: Wed, Mar 16, 2022 7:16 PM Zunaid Ahmed Palak. File photo “> Zunaid Ahmed Palak. File photo Bangladesh has received more than $750 million in foreign investment in the startup sector in a decade, State Minister for Information and Communication Technology Zunaid Ahmed Palak […]

Income tax

Canada’s 2022 income tax season: CRA plans to fully resume collection efforts, documents say

OTTAWA — The federal minister responsible for the Canada Revenue Agency learned after the election that the agency plans to ramp up debt collection just in time for tax season. Briefing materials for Revenue Minister Diane Lebouthillier indicate that the agency plans to resume full collection activities early this year. The move was the latest […]

Income tax

Illinois lawmakers could expand earned income tax credit, create child tax credit

SPRINGFIELD, Ill. (WGEM) – Thousands of low-income people in Illinois have received federal earned income tax credits and child tax credit payments under the U.S. bailout. However, those appropriations ended Dec. 31, and Illinois lawmakers hope to fill the void before the end of the spring session. 3.6 million people in the state currently receive […]

Income tax

Idahoans will begin receiving income tax refunds this month | Idaho

LEWISTON — The Idaho State Tax Commission begins issuing 2022 rebates in late March. Refunds automatically go to people who were full-year Idaho residents for 2020 and 2021 and who filed taxes for those years. This includes those who have filed grocery credit refund statements. The refund amount is either $75 per taxpayer and dependent […]

Income tax

South Carolina Legislature Passes Competing Income Tax Bills | Caroline from the south

(The Center Square) – South Carolina taxpayers could get an income tax reduction or an income tax reduction and refund, but the details will depend on how his two legislative bodies are negotiating after the state House and Senate passed various income tax reduction bills. these last weeks. The South Carolina Senate approved S.1087 by […]

Income tax

What makes more sense, a minimum income tax or a maximum income?

How much would Scott’s proposal cost Americans who currently pay no federal income tax? Scott’s plan – which chairs the Republican National Senate Committee, the deep-pocketed group coordinating the push for a GOP majority in the Senate — offers no details. Tax policy groups have filled the void. Adopting Scott’s plan, calculated the Institute on […]

Corporate profits

As Inflation Soars, So Do Corporate Earnings

Consumer prices rose 7.9% in February from a year earlier, federal government report says latest estimatethe fastest surge in inflation since the early 1980s. But not everyone feels the pressure of higher prices in the same way. As consumer sentiment plummeted, corporate profits skyrockets as companies reap the rewards of their customers’ continued willingness to […]

Income tax

Georgia House Approves $1 Billion Income Tax Cut |

Representative of Georgia Shaw Blackmon ATLANTA — The Republican-controlled Georgia House of Representatives on Wednesday passed a $1 billion state income tax cut despite objections from Democrats that most of the benefits would go to high-income taxpayers while some Georgians would pay more. The bill, which passed 115 to 52 and is now moving to […]

Annual profits

Legal & General Group PLC posts solid annual profit growth

The group said the 11% rise in operating profit “marks a return to our long-term growth rate, having withstood the pandemic.” Legal & General Group PLC (LSE:LGEN) reported strong profit growth for 2021 as it benefited from the post-pandemic economic rebound and the easing of COVID-19 restrictions. The asset management group reported operating profit of […]

Corporate profits

Corporate earnings soared in 2021. So why are stocks falling?

Business accounting concept, businessman using calculator with laptop, budget and loan … [+] paper in the office. Getty This market’s insistence on falling, even as earnings soar, has opened up a strong buying opportunity for US dividend investors. And we’ll exploit it to take advantage of a rare “double discount” on an 8% return closed-end […]

Annual profits

H&T sees annual profits fall but loans rise

H&T has stores in the Black Country and Kidderminster It also saw strong growth in borrowing demand in the second half. The profit figure rose by 49.4% from £15.6m in 2020 to £7.9m. The pledge book increased by 38.5% to £66.9m as demand for pawnbrokers has now fully returned to pre-pandemic levels. Retail sales rose […]

Foreign investments

Lacson says amended foreign investment law provides safeguards for micro and small entrepreneurs

DTI.GOV.PH PRESIDENTIAL aspirant and Senator Panfilo M. Lacson, Sr. assured micro and small businesses on Tuesday that the new law contains provisions that ease restrictions on foreign investment to protect their sector. “We have opened up the possibility for foreigners to invest here, but there are guarantees. As long as the starting capital is $200,000 […]

Income tax

Income Tax on Cash Gifts to Wife: How Much Can You Gift on Women’s Day Tax-Free?

Wife Cash Gift Tax: Experts say a cash gift of up to Rs 50,000 from anyone will have no tax implications under normal circumstances. On this Women’s Day, how about giving a cash gift to your wife? Giving a cash gift can be a good idea because it is something useful in all circumstances. But […]

Foreign investments

Amendments to Foreign Investment Laws and Retail Trade Liberalization

One of the most common inquiries we receive from foreign investors is about setting up subsidiaries in the Philippines and their concerns about minimum capital requirements related to the nature of their business or industry. Foreign ownership restrictions in certain industries certainly affect the flow of foreign investment into the country, with the Philippines notably […]

Annual profits

Clarkson PLC posts record annual profits as shipping demand recovers from pandemic

The shipping company said it had “a very strong forward order book” and the outlook for freight rates remains positive. Clarkson PLC (LSE:CKN) unveiled record results for 2021 with a 55% increase in underlying profits as shipping markets began to recover from the COVID-19 pandemic. The shipping services company reported underlying pre-tax profits of £69.4 […]

Income tax

South Carolina offers valuable income tax credits to eligible homeowners | Business

There are two valuable tax breaks South Carolina homeowners should know about this tax season, and they’re surprisingly easy to overlook. The first is quite simple and is worth up to $1,250. This is a state-specific tax break, and I’ve found in over a decade of writing this personal finance column that many homeowners and […]

Income tax

Brook Park notifies other cities and agencies when issuing income tax refunds

BROOK PARK, Ohio — People who worked from home during the pandemic instead of their usual office in another city can apply for an income tax refund, but Brook Park wants to make sure it gets its share of any income tax due. As of March 1 municipal Council Meet, Chief Financial Officer Greg Cingle […]

Foreign investments

Straight Talk: Treasurer says our thinking on foreign investment needs to change in wake of Russian-Ukrainian war

Minot, ND — Officials overseeing North Dakota investments are moving quickly to divest from investments in Russia in the wake of the horrific invasion of Ukraine. Already about 37% of the investments supervised by the State Investment Board have been withdrawn. It will take some time to pull out the rest — investments are complicated […]

Foreign investments

Duterte approves amendments to foreign investment law

MANILA – President Rodrigo Duterte has signed the law to promote “productive investments” from foreigners and other countries that would help boost the country’s economic growth, according to documents released Friday. Republic Act No. 11647, which amends RA 7042 or the Foreign Investment Act of 1991, improves technology transfer, increases foreign exchange from exports, and […]

Annual profits

CRH’s annual profits increase in a context of good demand

Irish building materials company HRC on Thursday reported higher profits and revenue for the full year as it hailed good underlying demand. Earnings before interest, taxes, depreciation and amortization increased 16% to $5.35 billion, with sales up 12% from 2020 to $31 billion. Pretax profit for 2021 was $3.3 billion, down from $1.7 billion a […]

Income tax

Proposed State Working Income Tax Credit | News, Sports, Jobs

Senator Mario Scavello, R-Monroe/Northampton, speaks on the floor of the State Senate. By JOHN WHITTAKER [email protected] Legislation was introduced to add Pennsylvania to the states offering an earned income tax credit on state taxes. Sen. Mario Scavello, R-Monroe/Northampton, introduced Senate Bill 1082 with bipartisan support of two Republicans, two Democrats and […]

Income tax

The North Carolina Department of Revenue is ready for your 2021 tax return

RALEIGH, NC (WGHP) – North Carolina tax preparers, start your returns. Stay up to date with the latest news and weather with the FOX8 mobile app. Delayed due to state budget adjustments that changed income tax rates, the North Carolina Department of Revenue declared itself open for business beginning Tuesday to accept tax returns of […]

Annual profits

Bayer aims for a return to annual profit growth

Diversified German group Bayer is aiming for a return to growth in its adjusted core earnings this year, as higher profits in its agricultural division would likely be tempered by investments in new genetic processing technologies. Earnings before interest, tax, depreciation and amortization (EBITDA) before special items is expected to reach €12 billion in 2022, […]

Foreign investments

Amid conflict in Ukraine, Russia bans foreign investment out of country

Russia is temporarily suspending the exit of foreign investment from the country, Prime Minister Mikhail Mishustin announced on Tuesday. The move comes in response to the freezing of Russian capital abroad by the US, EU and their allies, RT reported. “We hope that those who have invested in our […]