Income tax

Seven Tax Benefits for Seniors Only

Senior citizens enjoy some additional advantages over other taxpayers when it comes to income tax. Besides the income tax roundups that are exclusively designed for seniors, the ITR electronic filing process is also easier for them. In accordance with applicable law, for income tax purposes, an elderly person is a natural person residing between the […]

Foreign investments

Doha attracts over $3 billion in foreign investment in 2022 – Doha News

Qatar has implemented a free trade strategy and has undergone many structural changes to reinforce the principle of trade openness. Doha has attracted more than $3 billion in foreign investment to its capital market so far this year, globally surpassing $1.8 billion in total investment for the whole of 2021, according to the trade minister […]

Income tax

Top 4 Apps That Help You Save Income Tax (2022)

Those of you who are in the nation’s tax filing class know how tedious and tedious the whole tax filing process is. But the real struggle is finding various ways and means and understanding different financial policies so you can save a few dollars on income tax. Today there are millions of apps available on […]

Foreign investments

Assessing the National Security Aspects of Foreign Investments: Between National Security and Economic Uncertainty | Barnea Jaffa Lande & Co.

Foreign investment in Israel has exploded in recent years. At the end of 2020, direct investment by foreign residents in Israel exceeded $185 billion, an increase of almost 15% compared to 2019. Foreign investment offers significant benefits in terms of the Israeli economy, but it also raises concerns. Many sectors of the Israeli economy involve […]

Annual profits

Berkeley Group FY profits rise, JD Sports more than doubles annual profit

London pre-opening The FTSE 100 was set to open 80.9 points lower before the bell on Wednesday after closing 0.42% higher in the previous session at 7,152.05. Stocks to Watch Real estate developer and home builder Berkeley Group said Wednesday that pre-tax earnings and earnings per share for the full year had both improved in […]

Corporate profits

Report: Record corporate profits are driving inflation, not labor costs

Workers earning a living wage are not the cause of inflation, as some conservative politicians and pundits keep insisting. Rather, according to a new report per the Maine Center for Economic Policy, higher costs are the result of corporate consolidation and companies using their control of the market to set inflated prices. These companies rake […]

Foreign investments

FATF launches numerous incentives to attract more foreign investment to Egypt

The General Authority for Investments and Free Zones (GAFI) – press photo CAIRO – June 21, 2022: The General Authority for Investment and Free Zones (GAFI) is working to attract more local and foreign investment to the Egyptian market, by launching several investment incentives, according to FATF CEO Mohamed Abdel Wahab. Abdel Wahab clarified […]

Income tax

North Carolina lawmakers split over Medicaid, marijuana and income tax

RALEIGH, NC (WNCN) — A top Republican state lawmaker has voiced support for cutting the personal income tax rate in half as legislative leaders prepare to present a budget proposal to the Governor Roy Cooper (D) in the coming days. Senate Leader Phil Berger (R-Rockingham) said one of his priorities is to accelerate the already […]

Income tax

Income tax on initial donation to HUF

My CA says that for the initial contribution to my newly formed HUF, I can take any amount of money from my father as a gift and also claims that there is absolutely no tax liability on such a gift transaction for the first time. Subsequent donations received would be taxed according to his opinion. […]

Corporate profits

Opinion: The economy must maximize human well-being, not corporate profits | Opinion

If you could afford to work less, what would you do with that time? Our audience had a wide range of responses: learning to cook, making music, spending time taking care of themselves, exploring campus. A common response was to spend more time with loved ones. “I would spend more time with my friends and […]

Income tax

Income Tax Department conducts research at J&K and Delhi

Income Tax Department conducts research at J&K and Delhi The search action led to the seizure of unaccounted cash of over Rs. 46 million. posted on June 17, 2022 | Author RK Online Office The Income Tax Department carried out search and seizure operations on a major manufacturer and seller of Jamawar, Pashmina […]

Corporate profits

Runaway inflation has been a boon to corporate profits, new research finds

Frustrated that prices are rising much faster than your wages seem to be? You have every right to be, according to a new study from the Canadian Center for Policy Alternatives. The study, authored by CCPA senior economist David Macdonald, finds that as the Canadian economy recovers from the ravages of the COVID-19 pandemic, runaway […]

Income tax

Biden Administration Proposes Partnership Tax Changes – Income Tax

June 16, 2022 Proskauer Rose LLP To print this article, all you need to do is be registered or log in to Mondaq.com. On March 28, 2022, the Biden administration proposed some limited changes to the taxation of partnerships. In short, the Administration’s proposals (i) would prevent related partners in a partnership that […]

Foreign investments

Assessing the National Security Aspects of Foreign Investments: Between National Security and Economic Uncertainty

Foreign investment in Israel has exploded in recent years. At the end of 2020, direct investment by foreign residents in Israel exceeded $185 billion, an increase of almost 15% compared to 2019. Foreign investment offers significant benefits in terms of the Israeli economy, but it also raises concerns. Many sectors of the Israeli economy involve […]

Income tax

cost inflation index: the income tax department notifies the cost inflation index for the current fiscal year

The Income Tax Department released the cost inflation index for the current fiscal year to calculate long-term capital gains resulting from the sale of real estate, securities and jewelry. The Cost Inflation Index (CII) is used by a taxpayer to calculate gains from the sale of fixed assets after adjusting for inflation. The cost inflation […]

Annual profits

Harry Potter publisher reports bumper annual profit

Bloomsbury Publishing today announced a 40% rise in annual profit and raised its final dividend payment by around a quarter, buoyed by a reading boom that has continued even after the pandemic shutdowns. The London-listed publisher is perhaps best known for taking over JK Rowling’s Harry Potter series in 1997 after it was rejected by […]

Foreign investments

Government urged to open Philippines to more foreign investment

MANILA, Philippines — The Philippines should open up more to foreigners if it is to attract more job-creating investment, the Asia-based Hinrich Foundation said on Tuesday. There is a “window of opportunity which could be the right time to open up the country”, said Riccardo Crescenzi, professor of economic geography at the London School of […]

Income tax

Cal HC rescinds Department of Income Tax notice to TMC

BY Team DeputyJune 13, 2022 8:15 p.m. GMT Kolkata: The High Court in Calcutta on Monday quashed an order from the Income Tax Department and a subsequent notice to the Trinamool Congress (TMC) regarding alleged anomalies in the income of Bengal’s ruling party for the year of 2018-19 evaluation. The court said there was a […]

Income tax

Capital Gains Tax Battle Will Remain in Court » Publications » Washington Policy Center

The next steps on whether Washington will remain exempt from income tax will be in court as the I-1929 campaign to repeal the capital gains tax has suspended operations. Earlier this year, a judge appointed by Inslee ruled that the capital gains tax was unconstitutional. The Attorney General is asking the State Supreme Court to […]

Income tax

Income tax cuts and rebates at center of SC’s $13.8 billion budget

COLUMBIA, SC (AP) — Many South Carolina taxpayers could soon receive several hundred dollars in tax rebates in addition to a reduction in their regular tax rates after a group of powerful House and Senate lawmakers agreed to a compromise on the state budget on Friday. State lawmakers have $13.8 billion to spend on the […]

Income tax

The FBCCI requests the early withdrawal of income tax

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) has called on the government to abolish the withholding tax on income (AIT). The country’s top trade body made the call in an immediate response to the draft national budget for the financial year 2022-23 on Thursday. “Overall, the proposed budget is development and welfare […]

Annual profits

Unite Students pledges to donate 1% of annual profits to social initiatives each year – FE News

Unite Students, the UK’s largest student accommodation provider, has pledged to donate 1% of its annual profits to social initiatives in the future, representing a commitment of around £2m per year. year. These initiatives will be closely aligned with its goal of providing a home of student success and its goal of expanding participation in […]

Income tax

Government says no data breaches found; Ask Infosys to repair; Know more

Income Tax Portal Glitch: The income tax portal, which was in the news a few months ago for developing glitches, has again developed snags, the government confirmed on Tuesday. The Department of Income Tax, which took note of the problem after receiving several complaints from users, asked the portal’s developer, Infosys, to look into the […]

Corporate profits

NDP wants to redistribute ‘excess’ corporate profits to Canadians to dampen inflation

Breadcrumb Links New Canadian politics NDP Leader Jagmeet Singh said he would leverage the supply and confidence agreement with the Liberals to push this solution forward Publication date : June 07, 2022 • 3 days ago • 2 minute read • 698 comments Jagmeet Singh, leader of the New Democratic Party (NDP), wants to tax […]

Income tax

Argentina proposes ‘extraordinary income’ tax amid grain bargains

BUENOS AIRES, June 6 (Reuters) – Argentina’s government on Monday proposed a bill to tax companies that earn “extraordinary income” from the war in Ukraine, a move that would particularly hit the country’s grain industry. The move is seen as an attempt by Argentina’s centre-left government to reduce the budget deficit and help Latin America’s […]

Income tax

Legislation passed by the General Assembly will reduce state income tax for Kentuckians starting in 2023

By Tom LateKkentucky today Kentuckians can expect a drop in their personal income tax rate next year, due to legislation enacted by the General Assembly in the 2022 session that ties the tax rate on the income to the income of the general fund of the State. The provisions of House Bill 8 would gradually […]

Annual profits

NaphCare to Earn $10 Million in Annual Profits from Arizona Jail Contract

The contractor chosen to provide health care services to people in state prisons expects to earn nearly $10 million in annual profits, according to procurement documents released by the state. The contract represents a 74% increase in the amount of money the state pays to provide health care to each prisoner each day. On Friday, […]

Income tax

Business groups support expansion of working income tax credit

MACKINAC ISLAND — Business groups on Thursday backed legislation to expand a state tax credit for low-wage workers, backing a key aspect of Gov. Gretchen Whitmer’s budget plan that recently won legislative backing. The earned income tax credit would increase from 6% of the federal credit to 20% under the Democratic governor’s proposal, where it […]

Corporate profits

US corporate profits plummet | Cash and risks

In the first quarter of 2022, US corporate profits fell the most in nearly two years as inflation promised higher costs for businesses as the economy shrank. Adjusted pretax profits fell 2.3% annualized from the prior quarter and rose 12.5% ​​from a year earlier, Commerce Department data showed Thursday. At the same time, a measure […]

Income tax

Tax authorities seize Mehul Choksi’s assets worth more than Rs 150 crore under Benami law

Fugitive diamond dealer Mehul Choksi. (File photo) New Delhi: In a major move, Income Tax (IT) authorities took physical control of real estate worth more than Rs 150 crore belonging to Mehul Choksi, the fugitive diamond merchant and uncle of Nirav Modi, in under the Benami Transactions (Prohibition) Amendment Act (BTPA) which came into force […]

Foreign investments

Saudi aviation sector needs foreign investment to meet 330 million passenger target, official says

RIYADH: Saudi Arabia will host the 116th Executive Council of the United Nations World Tourism Organization on June 7-8 in Jeddah, with around 180 participants from around the world. The two-day event will deliberate on all necessary measures to implement the council’s decisions and recommendations to support the sector. The Executive Council session will be […]

Income tax

Tax Exemption and Unrelated Business Income Tax (UBIT): The Framework (Part 1 of 3) | law of the free man

This Knowledge blog is part 1 of a 3-part series that provides a focused overview of unrelated business income tax rules for the nonprofit organization that is tax-exempt under section 501 (c)(3) of the Internal Revenue Code (the “Code”). This Part 1 sets the framework and outlines the organizational and operational tests applicable to tax-exempt […]

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 […]

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 […]

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 […]

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 […]

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 […]

Annual profits

MTCC announces 21% increase in annual profits in 2021

Maldives Transport and Contracting Company (MTCC) reports an increase in the company’s after-tax profit of 21% in 2021. According to the state-owned company, the notable increase in after-tax profit is directly due to improved activities in the construction and dredging segments of the company. Despite recording an annual improvement in after-tax profit in 2021 compared […]

Income tax

New Ohio Bill Would Kill State Income Tax

Ohio House 80th District candidate Steve Huffman, 2014 Ohio House 80th District candidate Steve Huffman, 2014 Named after economist Arthur Laffer, its namesake “curve” postulates an “optimal” tax rate that maximizes tax revenue. In fiscal 2020, Ohio’s personal income taxes generated nearly $8.3 billion, less than the state’s sales and use taxes, which generated $10. […]

Corporate profits

Opinion: Augusta puts corporate profits before our privacy

A major privacy bill went quietly into that good night last week (the “dead file,” as we call it in the legislature). But a good dying bill isn’t news in itself in Augusta. It happens all the time. What is remarkable is that a bill with this level of opposition paid for by powerful corporate […]

Income tax

Mayor Barlow proposes disability, limited income tax exemption and increase for seniors exemption – Oswego County Today

Mayor Billy Barlow OSWEGO – Oswego Mayor Billy Barlow today announced a proposal to introduce a new tax exemption for people with disabilities on limited incomes in the City of Oswego. If approved, the exemption would provide tax relief to eligible persons with disabilities under the property tax law on a sliding scale with incomes […]

Income tax

💸 Income Tax Refund + OBJ House + Boxer Sentence Commutation

Can Ohio afford to give you back your income tax money? You must have plenty of cheddar, $3.3 million to be exact, to afford the old Odell Beckham Jr. digs in northeast Ohio. These are just two of our titles to watch today. ☔ Weather: A cold shower in the morning on a cold day. […]

Foreign investments

Increased foreign investment in the Indian gaming market.

From: John Braham There has been an increase in gambling activities in India since 2016. This has resulted in the growth of the gambling industry in India. This growth is the result of many factors including the fact that there are many internet users in India and the widespread adoption of digital payment methods in […]

Income tax

Income tax hurdle now stands in the way of high-speed train project

Riddled with ongoing delays, the prestigious high-speed rail project faces another hurdle: income tax. The Japanese side, which is a partner in the project, has warned of “inevitable delays” if its multiple petitions seeking exemption from income tax provisions for its consultants engaged in the design aspects of the train project at Mumbai Ahmedabad High […]

Corporate profits

When You Talk About Inflation, Definitely Talk About Corporate Earnings

Here’s what it looks like: And, notes Bivens, these data mean that the traditional explanations for inflation that many economists are now offering should be taken with several grains of salt. “The historically high profit margins of the economic recovery after the pandemic rest very uncomfortable with explanations of recent inflation based solely on macroeconomic […]