Corporate profits

Controlling Corporate Profits – LA Progressive

Inflation” is the new buzzword of the year. This is why the Federal Reserve interest rate hikes aimed at increasing the cost of certain loans. This is the excuse given against the renewal of enlargement child tax credit program that briefly lifted millions of American families out of poverty. It’s the name of one of […]

Foreign investments

Corruption is a major obstacle to foreign investment in Bangladesh, according to the US State Department

Land scarcity, depleted natural gas reserves and inadequate electricity distribution remain major impediments to investment, according to the US State Department report. TBS Report July 31, 2022, 09:30 Last modification: July 31, 2022, 3:03 PM Representative image. Illustration: Pixabay “> Representative image. Illustration: Pixabay Corruption is a major impediment to foreign investment in Bangladesh, according […]

Income tax

Tax return: what prevents you from selecting an ITR form?

To file your income tax return (ITR), the first step is to select the appropriate ITR form, which is determined primarily by a taxpayer’s sources of income. Employees have the advantage of selecting the simpler ITR form – ITR-1 or Sahaj, provided that such an assessee is not disqualified from selecting the form. Dr. Suresh […]

Income tax

2022-23 Tax Return for Foreign Equity Investors: How to Display Dividends, Capital Gains Taxation

Trends in ITR repository extensions: The final filing date for Income Tax Return (ITR) 2022-23 is approaching. The ITR filing deadline for tax year 2022-23 is July 31, 2022. Unless the government extends the ITR filing deadline, taxpayers should file on time to avoid filing fees. late. If taxpayers have foreign investments such as US […]

Income tax

North La. leaders praise investment in schools, suggest ending state income tax

RUSTON, La. (KNOE) – Lawmakers gathered in Ruston on July 27 to discuss funds Lincoln Parish received during the last legislative session. “We have over $80 million in capital expenditures that have been approved for Lincoln Parish and Ruston combined,” Sen. Jay Morris (R-35) explained. Some of the highlights include a new civil law building […]

Foreign investments

Attracting foreign investment and investor incentives for the production of audiovisual works in the Republic of Serbia

Although it is already recognized as one of the leading European countries in terms of foreign investment, the Republic of Serbia continues its active policy of attracting foreign investors. The direct consequence of the substantial increase in investments in a plethora of different fields is the fact that there are more and more foreign natural […]

Income tax

July 2022 U.S. Federal Income Tax Updates | Seward & Kissel LLP

This memorandum highlights several significant U.S. federal income tax developments over the summer of 2022, including: (i) the Supreme Court has agreed to hear an FBAR sanction case, (ii) the Internal Revenue Service (“IRS”) issued proposed Treasury regulations that clarify the meaning and federal tax treatment of certain foreign currency contracts, and (iii) the introduction […]

Foreign investments

Romania could attract at least 2 billion euros in foreign investment by the end of the year, due to the geopolitical context

Due to the new geopolitical context, Romania could attract up to 2 billion euros in new foreign investments by the end of this year, according to public data and already existing market negotiations in the middle of the year. , analyzed by ONV LAW. According to the analysis, Romania is progressing on an upward trend […]

Income tax

Key things to know before filing an Itr for the deceased

Death and taxes are inevitable. It is strange but true that any person’s liability to tax remains even after death, so an income tax return (ITR) must be filed. Any tax incurred on income received by the family on behalf of the deceased must be paid if it exceeds the basic exemption ceiling. The legal […]

Income tax

Latest changes to income tax rules, including cash deposits. Read here

The latest income tax rule changes you should know about Three major changes to income tax rules, proposed in the EU budget for 2022, came into force on July 1. Every taxpayer should be aware of these latest updates. The three significant changes are related to Aadhaar-PAN linking, crypto investments, and benefits received by social […]

Income tax

Estate planning income tax: what is the basis?

Avoidance of estate taxes is a consideration in estate planning. Under current law, however, inheritance tax issues generally only affect the wealthiest 1% of the population, but everyone should be aware of income tax issues, especially basis when making estate planning decisions. Due to changes in tax laws over the past decade, estate plans and […]

Income tax

RIR 2021-22: How does a late tax return differ from a regular return?

The deadline for filing the income tax return (RTI) has been set for July 31, 2022 by the tax department (IT department). It is mandatory to deposit the ITR for people with an annual income above Rs 2.5 lakh. However, sometimes a taxpayer may miss the July 31 deadline. In this […]

Foreign investments

Minister Bahlil announces total foreign investment in Q2

TEMPO.CO, Jakarta – The Ministry of Investments revealed that foreigners investments in West Java outperformed the capital Jakarta, the former managing to register US$2.9 billion in foreign investment (FDI) compared to the latter which registered US$2.1 billion. Minister Bahlil Lahadalia on Wednesday, July 20, said, “The increase in investment realization during the second quarter of […]

Corporate profits

Corporate profits climb as inflation rises

Companies are posting record profits as inflation rates are at their fastest pace in decades. Small businesses and low-income workers, meanwhile, are bearing the brunt of the crisis even as access to safety net programs becomes increasingly tenuous. That’s the assessment of a group of economists who joined Ethnic Media Services for a press conference […]

Corporate profits

CEO pay and corporate profits rose in 2021. Workers’ wages lagged.

Amazon.com had the highest CEO-worker pay gap in the S&P 500 last year, according to a survey by the AFL-CIO union. Michael M. Santiago/Getty Images Text size CEO compensation is up, as are corporate profits, but worker compensation has not kept pace, especially given inflation, according to an AFL-CIO survey. CEOs of S&P 500 companies […]

Income tax

Parson Urges Legislative Leaders to Cut Missouri Tax Rate | Policy

Governor Mike Parson delivers his State of the State address at the Missouri Capitol in Jefferson City on Wednesday, January 19, 2022. David Carson, Post-Expedition JEFFERSON CITY — Gov. Mike Parson began laying the groundwork for an attempt to cut Missouri’s tax rate on Tuesday. In back-to-back meetings in his office with House and Senate […]

Income tax

Vinod Mahajan is the head of the Amritsar Income Tax Association : The Tribune India

Tribune press service Amritsar, July 17 At the 79th Annual General Meeting 2022-23 (AGM) of the Income Tax Practitioners Association (ITPA), Amritsar, lawyer Vinod Mahajan was elected its new chairman on Saturday. The AGM was chaired by CA Pankaj Khaneja. The association has about 400 members, including chartered accountants, lawyers, and the income […]

Corporate profits

Corporate profits, not wages, fuel domestic inflation

The Australia Institute (TAI) has published a new report arguing that wages made “no contribution” to inflation in fiscal years 2019-20 and 2020-21, and only a 0.6% contribution in the current fiscal year. Instead, TAI says a study of the national accounts finds it’s corporate profits that drive up inflation, with chief economist Dr Richard […]

Foreign investments

Foreign investments of a group of companies specializing in the hotel and real estate sector under computer scanner

Mumbai: Foreign investments of a group of companies in the hotel and real estate sector under computer scanner | The Income Tax (IT) Department recently carried out a search and seizure operation on a Delhi and Mumbai based group engaged in hospitality, marble, light trading and real estate. A total of 18 premises in Delhi, […]

Income tax

The income tax department is raiding an engineering and construction company for tax evasion in 20 different locations. Read here

The engineering and construction company Power Mech Projects (PMPL) was raided by the Income Tax Department on about twenty of its premises. The sources told the news agency ANI, it is found that Power Mech Projects claimed an artificially inflated deduction under special provisions regarding certain income, by resorting to the suppression of expenses and […]

Income tax

Income Tax Law: Supreme Court Establishes Principles for Courts in Search, Seizure

In a landmark verdict, the Supreme Court on Wednesday set out principles for high courts in search and seizure under income tax rules, and said the formation of opinions and reasons to believe registered by the Ministry of Revenue is not a judicial or quasi-judicial function. , but of an administrative nature. A bench of […]

Income tax

CTA orders MRT Corp. to pay 1.73 billion in income taxes for 2007

THE Court of Tax Appeal (CTA) has upheld its ruling ordering the private owner of Metro Line 3 (MRT) (MRT-3) to pay at least 1.73 billion pesos in income tax for the year 2007. In a 13-page decision dated July 5, 2021 and written by Presiding Judge Roman G. del Rosario, the CTA en banc […]

Foreign investments

How Foreign Investment in Nigeria Dropped 81% in Three Years – Report

Capital import into Nigeria fell by 81.46% ($6.91 billion), from $8.49 billion in the first quarter of 2019 to $1.57 billion in the corresponding quarter of 2022, according to the National Bureau of Statistics data. According to Punch, based on the NBS reports on the import of Nigerian capital for the first quarters of 2019, […]

Foreign investments

Ilorin Durbar Avenue to Attract Foreign Investment in Nigeria – Experts

Folorunsho Coker, Managing Director of the Nigerian Tourism Development Corporation (NTDC), and Hajo Sanni, Permanent Delegate of Nigeria to the United Nations Educational, Scientific and Cultural Organizations (UNESCO), say the annual Durbar of the emirate of Ilorin can be used as a springboard to attract foreign investment to Nigeria. Sanni and Coker spoke in Ilorin, […]

Foreign investments

Ilorin durbar source of foreign investment – ​​UNESCO – The Sun Nigeria

Of Layi OlanrewajuIlorine from Nigeria The Permanent Delegate of the United Nations Educational, Scientific and Cultural Organization (UNESCO), Hajo Sanni, and the Managing Director of the Nigerian Tourism Development Corporation (NTDC), Folorunsho Coker, said yesterday that the annual Ilorin Emirate durbar could be used as a springboard to attract foreign investment to Nigeria. They spoke […]

Income tax

Pakistan Income Tax Plates 2022-23

Income Tax Plates 2022-23 Pakistan | Payroll tax calculator Here we are going to discuss everything you need to know about calculating income tax according to the last Payroll Tax Bracket Rates 2022-23 in Pakistan. They are different Income tax plates for the year 2022-2023 in Pakistan on salary income. Wage income is subject to […]

Income tax

CSR expenses, Contribution to the CM Relief Fund eligible for Income Tax Exemption: ITAT

By Rasheela Basher – July 8, 2022 4:15 p.m. The Delhi Bench of the Income Tax Appeals Tribunal (ITAT), consisting of GS Pannu, Chairman and Mrs. Astha Chandra, Judicial Member, ruled that the CSR expenses incurred by the company and the contribution to the CM relief funds are eligible for exemption under the provisions of […]

Foreign investments

Amid rising inflation, RBI announces measures to strengthen rupiah and foreign investment

Mumbai: Amid rising inflation in the country, the Reserve Bank of India (RBI) on Wednesday announced a series of measures to support the rupee and attract foreign investment. Some of these major measures include relaxations of the Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) on additional FCNR(B) and NRE Term Deposits, relaxation of […]

Income tax

How to Check Tax Return Electronically via Aadhaar OTP

Check here the step by step guide to check tax return online via Aadhaar OTP. Representative picture The last date to file the income tax return for fiscal year 2021-22 is July 31, 2022. For other taxpayers to whom the audit applies, the deadline for filing the return is October 31, 2022. A return income […]

Corporate profits

Tax cuts designed to protect corporate profits, with no benefit for consumers

Auto industry rules out price cuts Pawan Goenka, managing director of Mahindra and Mahindra Ltd (M&M), has ruled out any move to pass on the benefits of the corporate tax rate reduction to consumers through a reduction in the prices of vehicles sold by M&M . “One thing – somehow a false expectation has arisen […]

Corporate profits

Falling “household savings and consumption” and rising corporate profits point to tense times ahead

Almost a quarter of Indian households, covering at least 75 million Indians, have no personal transport and do not own a bicycle, motorbike or car. Only a quarter of the population has air conditioners or air coolers. While bottled water manufacturers go to the bank laughing, a large majority of the population cannot afford drinking […]

Corporate profits

Corporate earnings could be the next thing to snap

Placeholder while loading article actions U.S. stocks just posted their worst first half since 1970, but the fall was entirely price-to-earnings ratios, according to “The Big Short” investor Michael Burry. “Next, earnings compression,” Burry, the founder of Scion Asset Management, wrote on Twitter on Thursday. He’s right about corporate earnings, but also doesn’t rule out […]

Income tax

FIRS extends due date for corporate tax returns — Business — The Guardian Nigeria News – Nigeria and World News

The Federal Inland Revenue Service (FIRS) has extended the filing date for corporate income tax returns for businesses for the 2022 tax year to August 31, 2022. According to the FIRS, the extension concerns companies that were unable to meet the earlier deadline of June 30, 2022. The FIRS, in a statement signed by its […]

Foreign investments

Kenya launches Nairobi Financial Center to attract foreign investment [Photos]

The NIFC, launched at the Kenya International Convention Center on Monday, has a mandate to attract ambitious businesses to Nairobi and provide them with the conditions to thrive in Kenya and the region. The center will promote business by partnering with the National Treasury, Central Bank of Kenya, Kenya Revenue Authority, KenInvest, Capital Markets Authority, […]

Income tax

Cross-check data from pre-filled forms when filing the tax return

The Income Tax Service (IR) now offers pre-filled forms to facilitate the filing of the income tax return (RTI). Nevertheless, you must have a certain number of documents at hand when filing the declaration in order to be able to cross-check the data of the pre-filled form. TO READ THE FULL […]

Income tax

SC Buyers Paid My $800 Income Tax Refund

If you’re like me — someone who paid at least $800 in SC income tax for 2021 — you’ve got plenty of thank you notes to write. Dear retired neighbor. Dear minimum wage grocery clerk. Dear single mother earning double the minimum wage. Dear middle-income homeowner with enough write-offs to not have to pay income […]

Foreign investments

Foreign investment on DSE shrinks to Tk 9,976 crore

A file photo shows investors watching stock price movements on a computer screen at a brokerage in the capital Dhaka. Total foreign investment in the Dhaka Stock Exchange fell to Tk 9,976 crore, or 2.19% of the exchange’s total market capitalization, in May. — New Age Photo Total foreign investment on the Dhaka Stock Exchange […]

Income tax

Maharashtra Politics: Sharad Pawar’s swipe at center of income tax notice: ‘Love letter received’

Sharad Pawar’s party was part of the Maha Vikas Aghadi led by Uddhav Thackeray. Mumbai: Sharad Pawar, the leader of the Nationalist Congress Party (NCP), tweeted on Thursday that he had received a notice from the income tax department, calling it a “love letter”. He once announced that a new government led by Shiv Sena […]