Income tax

Jay Inslee talks gas prices, emergency powers and income tax

By BRETT DAVIS THE CENTER SQUARE (The Center Square) – Governor Jay Inslee says help is on the way for some motorists in Washington next year. “We passed a low-income tax credit to partially help low-income people with some of their oil prices,” Governor Inslee said on the “Seattle Morning News” podcast. “That’s an average […]

Foreign investments

Oman launches several incentives to attract foreign investment

The Sultanate of Oman – like most countries in the world – has adopted economic stimulus plans in an effort to overcome the economic repercussions resulting from the Covid-19 pandemic, which has negatively affected the supply and demand of the ‘economy. This was stated on Sunday by Qais bin Mohammad al Yousef, Minister of Commerce, […]

Foreign investments

Nepalese government reduces foreign investment threshold by 60% to NPR 20 million

The Nepalese government has announced that it will reduce the minimum amount foreigners can invest in the Himalayan nation by 60%. Presenting the annual budget for the financial year 2022-23 which starts mid-July in the House of Representatives, Finance Minister Janardan Sharma said the minimum threshold for foreign direct investment (FDI) […]

Foreign investments

Various incentives offered to attract foreign investment | Oman time

Photo – His Excellency Qais bin Mohammed Al Yousef, Minister of Trade, Industry and Investment Promotion Muscat: The Sultanate of Oman has offered a number of incentives to attract foreign investment, such as treating foreign investment companies as domestic companies and granting residency to expatriate investors, the trade minister said , Industry and Investment Promotion. […]

Income tax

Income Tax Department Opens Investigation Against Perfume Baron Piyush Jain, Files Statement in Jail

The Income Tax Department has launched an investigation against Kanpur-based perfume baron Piyush Jain. On Friday, officials recorded Jain’s statement at the jail where he is currently being held. Piyush Jain was arrested in 2021 after authorities found 32 gold biscuits weighing 23kg in his house (Picture: File) After the General Directorate of GST Intelligence […]

Income tax

IMF urges RBF to raise income tax and GST

FBR office. – APPLICATION FBR will recover 7.2 trillion rupees in taxes for the next budget as dictated by IMF. The board proposes a tax collection target within a range of Rs 6.9 trillion. Income tax reforms aim to increase progressivity. ISLAMABAD: The Federal Board of Revenue (FBR) has been asked to recover 7.2 trillion […]

Corporate profits

Corporate earnings remained strong in the first quarter

MicroStockHub/iStock via Getty Images By Robert Hughes Refinitiv Data Stream U.S. corporate profits before taxes and excluding adjustments for capital consumption and inventory valuation hit a record high of $3.192.5 billion at a seasonally adjusted annual rate in the first quarter, the National shows. Income and Product Accounts from the US Bureau of Economic Analysis […]

Corporate profits

US corporate profits fall as consumer spending is revised higher

(Bloomberg) – U.S. corporate profits fell in the biggest first quarter in nearly two years as some companies struggled to offset soaring costs, while the overall economy contracted in during the period. Inflation-adjusted gross domestic product fell at an annualized rate of 1.5% in the January-March period, from an originally reported decline of 1.4%, Commerce […]

Annual profits

Alibaba’s annual profits fall, rocked by investment losses, slowing China’s economy

Chinese e-commerce and media giant Alibaba posted declining profits in the 12 months to March 2022 after a turbulent year for tech companies, a weakening Chinese economy, a COVID recovery and the Russia’s war in Ukraine. The group’s revenue rose 19% in the year to March, reaching $135 billion (RMB 853 billion). In the fourth […]

Corporate profits

KY is stuck on big government thanks to escalating corporate profits

The Bluegrass state has turned bright red. A significant change from the 50s and 60s when the middle class across America represented the American dream and was bluer. The hard work paid off. The lifestyle and comforts associated with the average life once impressed other democracies. Everything was “bigger” in the United States. This comfort […]

Corporate profits

US weekly jobless claims plummet; corporate profits plummet in first quarter

Breadcrumb Links PMN Company Author of the article: Content of the article WASHINGTON — The number of Americans filing new claims for unemployment benefits fell more than expected last week as the labor market remained tight amid strong demand for workers despite rising interest rates and tightening financial conditions. Initial claims for state unemployment benefits […]

Annual profits

AutoTrader’s Full-Year Earnings Nearly Double, Serco Updates Full-Year Guidance

London pre-opening The FTSE 100 was set to open 20.5 points lower before the bell on Thursday after closing the previous session up 0.51% at 7,522.75. Stocks to Watch Digital car sales platform Auto trader nearly doubled its annual profit as more customers shopped online. AutoTrader on Thursday reported a 91% rise in pre-tax profit […]

Income tax

Tax watchdog is optimistic that ‘surprising’ income tax haul can be maintained

The independent watchdog, which by law monitors the government’s budget plans, said the rise in income tax revenue was “surprising” but could probably continue nonetheless. In a new study, the Irish Fiscal Advisory Council, or Ifac, said income tax revenue last year generated revenues of €26.7 billion, or some €4 billion. euros more than expected […]

Annual profits

Climate risks could weigh 10-15% on re/insurers’ annual profits: UK PRA’s Woods

Having published the results of its Climate Biennial Exploratory Scenario (CBES), examining the financial risks posed by climate change for the largest banks and insurers operating in the UK, the Bank of England estimates that over the Over time, climate risks could become a persistent problem. drag on gains.Although climate loss projections are uncertain, notable […]

Annual profits

Cost of living: SSE boss defends 23% rise in annual profits and rejects calls for windfall tax | Economic news

The chief executive of SSE defended the energy company’s 23% rise in annual profits, which were supported by rising energy prices. SSE chief executive Alistair Phillips-Davies has rejected calls for a exceptional tax on energy company profits, highlighting the company’s plans to invest £24bn in UK energy infrastructure this decade, including new wind and hydro […]

Foreign investments

Maharashtra’s foreign investment exceeds that of Gujarat under BJP rule: Ex-CM

Former Maharashtra Chief Minister Devendra Fadnavis claimed that foreign direct investment in Maharashtra was higher than in Gujarat under his party’s rule. Speaking at an industry meeting, leader of the Bharatiya Janata Party (BJP) said that under his rule between 2105 and 2019, Maharashtra grabbed the top spot in FDI across India. “Before 2014, Gujarat […]

Income tax

These companies have paid $0 in Australian income tax for the past SEVEN YEARS

These companies have paid $0 in Australian income tax for the past SEVEN YEARS and most of the profits have gone offshore The companies had a combined revenue from Australian operations of $138 billion All but one are owned by foreigners, so all the profits they made went overseas All members of the Australian Petroleum […]

Corporate profits

Why living wages could be a boon to corporate profits

The business case for a living wage is gaining traction in the corporate world. As the social and economic benefits of higher pay become clearer, so does the understanding that the cumulative effects of low wages are felt up the supply chain, according to a coalition report Businesses fight poverty. While the current model allows […]

Income tax

Social Security taxes eliminated, tax cut included in Minnesota deal but no Walz checks – Reuters

ST. PAUL – Minnesotans could stand to see an income tax cut, the elimination of state tax on Social Security benefits and a change to make more people available for a tax credit for tenant as part of a compromise plan to be reviewed at the Capitol. But that’s only if lawmakers can fast-track a […]

Foreign investments

Should GLICs revamp foreign investment in a market downturn?

In recent years, Malaysian government-linked investment companies (GLICs) have been actively seeking to acquire more foreign assets, particularly equities. Among these GLICs are the Employees Provident Fund (EPF), Permodalan Nasional Bhd (PNB) and the Armed Forces Fund Board (LTAT). READ ALSO : The appeal of foreign equities The need to diversify investment portfolios beyond Malaysia […]

Income tax

Man charged with tax evasion in Brown County

GREEN BAY, Wis. (WBAY) – A Portage County man has been charged in a Brown County tax evasion case. A criminal complaint obtained by Action 2 News shows Elton J. Schenk, 46, Custer, being charged with fraud/submitting a tax return or obtaining a refund with fraudulent intent. This is a felony charge that carries a […]

Corporate profits

Rebound erodes with corporate earnings

U.S. equity benchmarks slip from yesterday’s exuberant closing levels, observes Bill Baruc, President of BlueLineFutures.com. There was a sense of negativity ahead of Fed Chairman Powell’s afternoon comments that he would crush the rally. He certainly didn’t seek to be supportive with comments such as “right now it looks like the natural (neutral) rate is […]

Foreign investments

FG urged to create basic data infrastructure to attract foreign investment

Emma Okonji The COO of MDXI, MainOne’s data center business, Mr. Gbenga Adegbiji, has called on the federal government to review its policies and create basic infrastructure for data center operations across the Nigeria, to attract foreign investment in information and communications technology. (TIC). Adegbiji, who gave the advice during an interview with THISDAY, said: […]

Income tax

Family Office Considerations for Partnership Audits – Income Tax

To print this article, all you need to do is be registered or log in to Mondaq.com. Families and Family Offices engaged in managing private capital often use partnerships to consolidate and aggregate capital from related and/or unrelated parties and trusts. This is true for family investment programs, joint ventures, joint ventures and/or […]

Corporate profits

Take corporate profits out of your news

Hedge funds are known to profit from everything they buy, leaving the wreckage behind when they move on to the next trade. Lately, they buy newspapers. Hedge funds now own more than half of all US newspapers, according to a Financial Times analysis in 2021. But a nonprofit alternative is gaining strength. In this episode […]

Foreign investments

Omicron casts a shadow over foreign investment in the first quarter

MANILA, Philippines — The Philippines failed to attract more foreign investors in the first quarter amid the rapid spread of the Omicron variant, resulting in mobility restrictions in the country. The latest data from the Philippine Statistics Authority (PSA) showed that foreign companies have yet to pour in much-needed capital to revive the economy, as […]

Annual profits

Target sales, target revenues and target annual profits

Target Corp. said its first-quarter net profit fell 51.9% as transportation costs rose amid the supply chain crisis. “We had to deal with surprisingly high costs, driven by a number of factors, which resulted in profitability well below our expectations and well below what we expect to operate over time,” said CEO Brian Cornell said […]

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

Signs of a better investment cycle are pushing corporate earnings: ICICI Securities

Low leverage, battered earnings and emerging signs of an improving investment cycle are bolstering confidence in sustainable corporate earnings growth, ICICI Securities said. The main positives of the current uptrend of the profit cycle is that it is not yet inflated by the effects of “operating and financial leverage”, as capacity utilization […]

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 […]