Foreign investments

“Foreign investment will make Ctg port a regional hub”

Minister of State for Shipping Khalid Mahmud Chowdhury told a TBS event Star Activity Report Sun Oct 30 2022 8:12 PM Last updated on: Sun Oct 30 2022 8:41 PM Minister of State for Shipping Khalid Mahmud Chowdhury speaks at a panel discussion on ‘How Chattogram Port can be transformed into a regional shipping hub’ […]

Income tax

Beware of the Fake Income Tax Department! CE malware attacks taxpayers; Know the tricks to avoid losses

The Drinik malware is back and is now attacking taxpayers. Know how to protect your data. This is an important alert for all taxpayers. A malware nicknamed Drinik is back. Recently, Cyble Research & Intelligence Labs (CRIL) identified an enhanced version of Drinik impersonating India’s income tax department and targeting 18 banks, including the National […]

Foreign investments

The BoU loses billions in foreign investment

Although profit and loss is not generally considered a consideration for central banks, the financial shortfall that the Bank of Uganda (BoU) has suffered in the bond market has resulted in paper losses on various holdings. The BoU derives most of its income from investing most of Uganda’s foreign exchange reserves in said bonds, a […]

Corporate profits

Quarterly corporate profit growth slows – Business

KARACHI: The rate of increase in quarterly profits recorded by major companies listed on the Pakistan Stock Exchange (PSX) has slowed to three-quarters of the five-year average. Profits of representative companies in the business sector rose 4% year-on-year in July-September to reach 262 billion rupees, according to data compiled by Topline Securities. The net income […]

Corporate profits

An Excessive Profits Tax Would Reduce Obscene Corporate Profits and Make Life Easier for the Rest of Us

As workers around the world grapple with the cost of living and the fallout from rising post-Covid interest rates, corporations and the super-rich are skimming it. ANZ Bank is the latest to report eye-watering earnings – more than 2 billion dollars for the past year – as it raises interest rates to force mortgagers to […]

Income tax

Mississippi government to push for total elimination of income tax

JACKSON, Miss (AP) — Mississippi Governor Tate Reeves has vowed to push for a complete elimination of state income tax in the 2023 legislative session. The move would make Mississippi the 10th State without income tax. Addressing a crowd of business leaders Thursday at an event hosted by the state Chamber of Commerce, Reeves touted […]

Income tax

Updating of income tax portal at the start of this fiscal year will not affect benefits for MSMEs from Udyam: Government

Ease of doing business for MSMEs: The Ministry of MSMEs has clarified that there will be no change in the benefits enjoyed by companies registered on the Udyam portal and classified under the definition of MSMEs between April 1 and June 7, 2022. The clarification has been made because that the portal of the Income […]

Income tax

Reward staking: is the IRS digging in or changing its mind? – Income tax

October 21, 2022 Cadwalader, Wickersham & Taft LLP To print this article, all you need to do is be registered or log in to Mondaq.com. Crypto industry groups had hoped to use the tax refund case of Jarrett v. United States, No. 3:21-cv-00419 (MD Tenn.) as a means of proving that staking rewards received by […]

Income tax

What happens if I am late filing my tax return?

It’s probably fair to say that the Australian Taxation Office is not seen as the fairest or most beloved organization – taking a huge chunk of hard-earned funds from residents each year and often undeservingly allocating a large chunk to dubious schemes and to the privileged. ; including millions to politicians already well paid for […]

Annual profits

Booths Sees Full Year Profits Rise, But CEO Warns of Looming Cost of Living Impacts | New

Booths recorded a full-year sales increase of 4.4% to £296.7m in the year to 2 April 2022 (up £12.6m from 284 £.1m the previous year) due to a return of regular post Covid business models as well as a record breaking Christmas season in 2021. Pre-tax profit fell from £1.9m to £3m, while EBITDA increased […]

Corporate profits

Asian stocks mixed after Wall St rise in corporate earnings

A forex trader walks past screens showing the Korea Composite Stock Price Index (KOSPI), right, and exchange rates at a foreign exchange trading floor in Seoul, South Korea, Tuesday, Oct. 18, 2022. Stocks were mostly higher in Asia on Tuesday after Wall Street rallied in its latest about-face in recent upside trades. (AP Photo/Lee ​​Jin-man) […]

Corporate profits

Corporate profits: a key indicator of credit market behavior

Profit cycle and credit market performanceNew research from the PGIM Fixed Income strategy team has found that the corporate earnings cycle may be a more accurate indicator of credit market behavior than changes in GDP. The team looked at data going back over 70 years to analyze the relationship between credit spreads, GDP and earnings. […]

Income tax

Brook Park considers future regional income tax collection

BROOK PARK, Ohio – Brook Park is currently processing income tax collections through its tax department, but the City Council caucus on Oct. 11 heard Regional Income Tax Agency Representative Brian Thunberg explained the benefits of having RITA take on these functions. RITA, a full-service municipal tax collection and administration agency, partners with 47 communities […]

Foreign investments

PH welcomes foreign investment in telecommunications and infrastructure

The Philippines is open to foreign investment, especially in telecommunications, airports, toll roads and shipping, Finance Secretary Benjamin Diokno said. Diokno said he is ready to welcome income-generating investments in the Philippines during the Standard Chartered Bank Sovereign Investor Forum on October 13 at the Ritz-Carlton in Washington D.C. “Foreign investors are now welcome to […]

Income tax

Tax consequences of undeclared work: Undeclared work with a regular job? Know the tax implications

By Nitesh Buddhadev Undeclared work means having a secondary job while continuing to work for the main employer. Often secondary work without the knowledge of the main employer. Secondary work can be outside the working hours of the main job, i.e. at night or on weekends. Recently, a company laid off employees for Moonlighting while […]

Foreign investments

Womble Bond Dickinson Attorney Jackie Camp Presents Foreign Investments to ACC Houston’s International Law Practice Group

HOUSTON, TX – On Wednesday, October 12, Womble Bond Dickinson’s attorney, Jackie Camp, presented at the ACC Houston International Law Practice Group Luncheon, sponsored by Womble Bond Dickinson. Camp presented with Shalini Soopramanien, Assistant General Counsel of the US International Development Finance Corporation. Camp and Soopramanien’s presentation, “Investing in Development: DFC, Sustainable Development and You” […]

Income tax

Reform of personal income tax and the situation of entrepreneurs

The Tax Council of the Republic of Serbia published on September 29, 2022 the “Proposal for social and tax policy measures to reduce inequalities and poverty risks in the Republic of Serbia”. One of the proposed tax policy measures to reduce inequality is to double the limit on the amount of non-taxable salary, from RSD […]

Income tax

Michigan Romney was brainwashed – by income tax

During the summer, I played golf at a course near Nashville. The club paired me with a gentleman in his thirties. We both exchanged questions about what we were doing. His response: “I’m an auto worker. Of course he was. There are legions of them in Tennessee. I heard about the expertise in using sophisticated […]

Corporate profits

The Independent View: Corporate Earnings and Inflation | New

Corporate profits and tax breaks for millionaires have been discussed from letters to the editor to dinner parties. As I’ve said before, Jeff Bezos, Mark Zukerberg, and Elon Musk paid little to no taxes last year and years before. All of these people employ millions of people who pay taxes. They get tax relief by […]

Foreign investments

PH’s foreign investment decline continued in July, down 64%

Bangko Sentral of the Philippines. (File Photo/Philippine Daily Inquirer) Net inflow of foreign direct investment (FDI) to the Philippines fell for the third consecutive month to $460 million in July, down 64% from $1.3 billion in the same month last year . Net inflows have fallen month-on-month since hitting $989 million in April. The July […]

Income tax

Free Trade Zone Manufacturers Oppose 30% Income Tax Increase in Writing to President

The Free Trade Zone Manufacturers Association (FTZMA) has written to President Ranil Wickremesinghe expressing its opposition to the proposed 30% tax on profits made, warning that it will have a serious impact on their survival and attract much needed FDI to Sri Lanka . In their letter to the President, FTZMA President […]

Income tax

Income tax: How to minimize the 30% rate on crypto-currencies?

The demand for cryptocurrencies is on a roller coaster this year due to the bearish movement in the global market. As of the end of the second quarter of 2022, emerging markets are currently dominating cryptocurrency adoption, with India ranking fourth. Cryptocurrencies continue to be hot topics for investment options despite their complexity and highly […]

Corporate profits

India’s economic growth has lost momentum, but weak corporate profits keep the engine running

Jhe signs of an economic slowdown are inescapable. Whether it’s industrial production, electricity generation, exports or Goods and Services Tax (GST) revenues, there is a loss of momentum. Some indicators claim to be misleading, such as bank credit, which is growing by around 14%. But when wholesale price inflation is 12.4%, much of the growth […]

Corporate profits

Can taxing luxury goods and corporate profits reduce inflation?

This is just one of the stories in our “I’ve Always Wondered” series, where we tackle all your business questions, big or small. Have you ever wondered if recycling is worth it? Or how store brands pile up against brand names? Discover more of the series here. Auditor Bonnie Hogue from Santa Rosa, California asks: […]

Corporate profits

The strong dollar is a risk to corporate earnings

Sinenki The strong dollar remains a risk to corporate earnings and asset prices as the impact on global economies grows. While many commentators have argued that the dollar will go bankrupt due to excessive debt levels in the United States, such was hardly the case. In 2022, when the American economy is the “the cleanest […]

Income tax

Colorado income tax changes are displayed more prominently

The GG proposition is a vote measure on vote measures. It represents Colorado’s latest battleground over the Taxpayer Bill of Rights as Democrats seek to circumvent the 1992 Constitutional Amendment, known as TABOR, and Republicans fight to prevent any change. The initiative, if passed, would require the state to more prominently display detailed information about […]

Corporate profits

Corporate earnings give Robertson a surprise $9.3 billion

Finance Minister Grant Robertson today unveiled a $9.3 billion surprise, revealing the government’s books were nearly $10 billion closer to surplus than expected in May, helped by a tax take that topped $100 billion for the first time. The bonus was partly due to a good year for corporate profits, with companies paying 26.2% more […]

Foreign investments

Bangladesh makes strong case for foreign investment in ‘Asian economic powerhouse’

Abu Dhabi – Salman Fazlur Rahman, Member of Parliament and Investment Advisor to Prime Minister of Bangladesh Sheikh Hasina Wajed is visiting Abu Dhabi to promote business and trade opportunities in South Asia’s fastest growing economy South. Rahman is also co-founder and vice-chairman of BEXIMCO Group, one of the largest private conglomerates in Bangladesh. Data […]

Corporate profits

Corporate profits give Grant Robertson a $9.3 billion surprise as the government edges closer to surplus

Finance Minister Grant Robertson during his briefing on the Crown Treasury Accounts in Wellington. Video / Mark Mitchell Finance Minister Grant Robertson today unveiled a $9.3 billion surprise, revealing the government’s books were nearly $10 billion closer to surplus than expected in May, helped by a tax take that topped $100 billion for the first […]

Income tax

U-turn on the elimination of the 45% income tax rate

After the Chancellor’s shock “mini-budget” on 23rd September, the government announced that it was abandoning its plan to abolish the additional 45% rate of income tax. The 45% top-rate income tax bracket for people earning over £150,000 was to be scrapped entirely. This has been estimated to cost the Treasury around £2 billion a year. […]