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 […]

Income tax

New year, new corporate income tax rate for ROHQs

It has been almost a year since Republic Act No. 11534, otherwise known as the Business Recovery and Tax Incentive Act (CREATE), was signed into law. It took thffect on April 11th. Its main objective is to reduce tax rates for domestic and foreign corporations in order to mitigate the effeffects of the COVID-19 pandemic […]

Income tax

If your life has changed in 2021, watch for tax surprises

The investment information provided on this page is for educational purposes only. NerdWallet does not provide advisory or brokerage services, and does not recommend or advise investors to buy or sell particular stocks or securities. The events of 2021 have not always gone as planned. A lingering pandemic, shifting government response and a flurry of […]

Income tax

Proposal to scrap Wisconsin income tax would blow $9.3 billion hole in state budget

Already a failure in Kansas, the idea would cut a huge chunk — last year, 46% — of what the state uses for schools, roads, medical assistance and vital services. A Republican-drafted proposal to phase out state income tax would further tilt Wisconsin’s tax system in favor of rich and hungry essential services like public […]

Corporate profits

Think corporate profits are a supply chain scam? Better take a longer view

A delivery man on a bicycle rides past the New York Stock Exchange and Fearless Girl, a bronze medal … [+] sculpture by Kristen Visbal, Wednesday, January 27, 2021, in New York. Stocks were broadly lower in afternoon trading on Wednesday as investors focused on the outlook for the economy and corporate earnings amid a […]

Annual profits

Serco’s annual profits rise 21% to £216m thanks to Covid contracts | Serco

Serco has lamented ‘grossly unfair’ criticism of its role in the much-criticised NHS Covid-19 test and trace program as the outsourcing company reported a rise in full-year profits that could fund more than £100m in shareholder rewards. The company said it won £700million in Covid-related contracts globally in 2021, bringing its total pandemic-related revenue to […]

Annual profits

HKEX makes annual profit of HK$12.54 billion in 2021 LeapRate

Hong Kong Exchanges and Clearing (HKEX) released its financial results for 2021, reporting a record year for annual profits with a 9% jump to HK$12.54 billion. Earnings per share reached HK$9.9 during the year, up 9% from 2020. The Asian exchange operator’s total revenue for the year was HK$21 billion, up 9% from a year […]

Annual profits

Bank of Scotland owner Lloyds sees annual profits soar to nearly £7billion

The group – the UK’s biggest mortgage lender – reported pre-tax profits of £6.9bn in 2021, up from £1.2bn the year before, although that figure was below City hopes. Lloyds said results were improved as it set aside a £1.2billion credit against bad debt provisions, after setting aside £4.2billion the previous year, while benefiting also […]

Annual profits

BAE Systems PLC sees annual profit jump 13% and expects further growth

The company said its defense and security capabilities “remain highly relevant in an uncertain global environment with complex threats.” BAE Systems PLC (LSE: BA.) has announced increased sales and profits for 2021 and expects further growth for the current year. Underlying profit (EBIT) was £2.2 billion as of December 31, 2021, up 13% year-on-year and […]

Annual profits

Lloyds brings back bonuses after quintupling annual profits

British banking group, Lloyds Bank plc, is reportedly reintroducing bonuses for staff, amounting to £399 million ($534 million) in total, after annual profits jumped up by more than fivefold in 2021.For the uninitiated, a year earlier the bank has scrapped payouts for employees due to the pandemic. Lloyds stated that the decision is a testament […]

Income tax

Senate approves Democrats’ bill creating tax credit for low-income earners

The proposed $74 million plan would give the average Arizona family $128 a year. PHOENIX — A Democratic proposal that creates a new tax credit for low-income Arizona workers has passed the Arizona Senate. Democratic Sen. Sean Bowie’s proposal won support from 10 of 16 Senate Republicans and 11 Democrats voting on Wednesday. Ducey included […]

Corporate profits

Corporate profits, not wages, drive up inflation

This year, $11.17 has the same purchasing power as $10 in 2019, before the COVID-19 pandemic, according to the Bureau of Labor Statistics. In fact, inflation is currently higher than it has been in 40 years. While some people might assume that higher wages are driving the jump, the data shows that corporate profits are […]

Annual profits

Barclays reveals record annual profits and £22m Staley share award freeze | Economic news

Barclays has revealed a jump in annual profits to a record £8.4billion and that share awards currently worth around £22million to former chief executive Jes Staley have been frozen , as he challenges the findings of a regulatory investigation into his relationship with Jeffrey Epstein. The bank confirmed a story by Sky News on Tuesday […]

Annual profits

HSBC doubles its annual profits but considers China’s woes on several fronts | Economic news

HSBC said annual profits more than doubled in 2021, but it faces challenges on multiple fronts in its key Chinese market. The Asia-focused but UK-based bank has warned that China’s “zero-COVID” measures to control the disease in Hong Kong are hurting the economy. He added that the restrictions, aimed at curbing the Omicron variant, could […]

Annual profits

Barclays freezes £22m stock bonuses for ex-boss amid investigation into Epstein links

Barclays has frozen £22million in free share awards to former boss Jes Staley as part of an investigation into his relationship with disgraced financier and convicted sex offender Jeffrey Epstein. The banking giant’s annual report revealed that it had suspended Mr Staley’s unvested long-term free share awards pending regulatory investigation. He said nearly 70 per […]

Income tax

GOP plan cuts Minnesota Social Security income tax, DFL sees it as a gift to the well-to-do

GOP plan cuts Minnesota Social Security income tax, DFL sees it as a gift to the well-to-do Republican lawmakers say the answer to stopping more snowbirds from leaving Minnesota is to get rid of the state Social Security income tax. ST. PAUL, Minnesota (FOX 9) – Republican lawmakers say the answer to stopping more snowbirds […]

Corporate profits

Rising fuel prices and corporate profits – not wages – are mainly responsible for inflation

With US inflation soaring in fastest pace in 40 yearsmany companies blame the rise in prices for having had to raise the wages of their workers, including Amazon, Starbucks and Chipotle. Consumers get the message. As a Fort Worth Star-Telegram reader wrote to the editor, “You wanted higher wages, American-made products? So you better accept […]

Annual profits

HSBC doubles annual profits as Covid bad loans fail to materialize

HSBC brought forward its key profitability target by a year and more than doubled its annual profit as the bad debts expected from the Covid-19 pandemic failed to materialize, and it pointed to rising interest rates. his income. Like its global peers, HSBC, one of Europe’s largest banks, is benefiting from lower than expected impairment […]

Foreign investments

“Build, Build, Build” projects attract foreign investment to Clark

MANILA – The administration’s “Build, Build, Build” infrastructure program should continue to attract foreign investment to Clark to create a new metropolis outside of Metro Manila. At Clark’s business conference on Tuesday, the vice president of Clark Development Corp.’s business development and improvement group. (CDC), Rhyna Ventura, said CDC attracted PHP 3.68 billion in foreign […]

Annual profits

Viva Energy to issue final dividend as annual profits soar

Mr Wyatt said Viva was supported by signs that governments around the world were lifting restrictions, which would boost oil demand, particularly for the company’s aviation fuel. Despite the brighter outlook, shares of Viva Energy were down nearly 3% in mid-afternoon trading. Wyatt said he also expects the company’s strong performance in its refining business […]

Annual profits

HSBC doubles annual profit as it plans $1 billion share buyback

HSBC makes the bulk of its profits in Asia, with China and Hong Kong being the main growth drivers. Photo: Carlo Allegri/Reuters HSBC (HSBA.L) more than doubled its annual profit to $18.9bn (£13.9bn) and announced plans to buy back shares worth up to $1bn as the lender was helped by lower bad debts and operating […]

Income tax

If a resident becomes an NRI, what would be the tax impact on existing investments?

In each edition of ET Wealth, our panel of experts answer questions related to all aspects of personal finance. If you have a question, send it to us immediately at [email protected] If a resident converts the NRI for tax purposes, what would be the tax impact on existing investments? How long can an NRI hold […]

Corporate profits

Corporate profits soar, filling Oregon’s tax coffers

Oregon’s corporate tax payments jumped an astonishing 46% last year, topping $1 billion for the first time, as businesses large and small reaped huge profits following the pandemic. Oregon collected nearly $1.4 billion in corporate excise taxes, a tax on business income, in 2021. It’s the highest tally on record and another indicator that many […]

Annual profits

NEA’s annual profits expected to exceed Rs 15 billion – myRepublica

The authority recorded a profit of over Rs 12 billion in the first six months of the current financial year KATHMANDU, Feb. 20: The Nepal Electricity Authority (NEA) has made a profit of Rs. 12.12 billion in the first six months of the current fiscal year – financial year 2021/22. According to NEA financial statements […]

Annual profits

Annual BOP profits up 79% YoY to Rs 12.4 billion

Feb. 18, 2022 (MLN): Bank of Punjab (BOP) announced a significant 79% year-on-year increase in net profit to 12.4 billion rupees for CY21 from 6.9 billion rupees harvested last year. This took the bank’s earnings per share to Rs 4.71 from Rs 2.63 in CY20. The significant increase in profitability was attributed to provision reversals […]

Income tax

Free Tax Help Available at 2 New Orleans Libraries | Entertainment/Life

The New Orleans Public Library is once again partnering with the AARP Foundation Tax-Aide to provide in-person tax preparation assistance. This free service is available to everyone, but is designed with a focus on low to middle income taxpayers over the age of 50. Through April 11, the Algiers Regional Library, 3014 Holiday Drive, and […]

Annual profits

Raining Rose will donate 1% of annual profits to Heifer International

Raining Rose Promos, Cedar Rapids, Iowa, has announced that it will donate 1% of its annual profits to Heifer International, a global non-profit organization that supports local farmers and their communities. Raining Rose donations will directly support bees, supplies and beekeeper training. “As a provider of natural and organic personal care products, we source beeswax […]

Foreign investments

Real estate marketing and beyond

Foreign investors flocked to the United States in 2021 as COVID-19 travel restrictions eased, leading to a boom in commercial real estate. Investments by foreign nationals in the sector have surpassed pre-pandemic levels, according to a report by Real Capital Analytics. Foreign investors bought $70.8 billion worth of U.S. commercial real estate in 2021. That’s […]

Foreign investments

Foreign investment recovers in 2021

Louise Maureen Simeon – The Filipina Star February 16, 2022 | 00:00 MANILA, Philippines — Foreign investment rebounded last year as the economy was more open, but overall resources flowing into the country remain on the decline, the Philippine Statistics Authority said. PSA data showed that foreign companies have slowly returned much-needed capital for economic […]

Income tax

Eligible taxpayers can claim Earned Income Tax Credit (EITC)

iStock/Getty Images In tax times, the only thing better than a tax deduction is a tax credit. And if you have low to moderate incomes, the Earned Income Tax Credit (EITC) is indeed a very good thing. A deduction reduces your taxable income, which in turn reduces your taxes. A tax credit, however, reduces the […]

Foreign investments

U.S. foreign investment surpasses pre-pandemic levels

Real Capital Analytics: Foreign investors have turned away from big cities a bit, but the $70.8 billion invested in 2021 is the highest total since 2018’s $94.6 billion. NEW YORK — As COVID-19 travel restrictions began to be lifted last year, foreign investors flocked to U.S. commercial real estate. Foreign investment surpassed pre-pandemic levels in […]

Foreign investments

Foreign investment pledges up 71.5%

DESPITE the Covid-19 pandemic, the country’s foreign investment pledges jumped 71.5% year-on-year to reach 192.34 billion pesos in 2021, according to data from the Philippine Statistics Authority (PSA). . Based on the latest PSA report, approved foreign investments increased from 112.12 billion pesos recorded in 2020. The country’s foreign investment pledges fell […]

Foreign investments

Foreign investment jumped 71% last year – Manila Bulletin

Foreign investment approvals surged last year amid improving economic conditions despite the prolonged pandemic, data from the Philippine Statistics Authority (PSA) showed. According to the PSA report on Tuesday, February 15, total foreign investment reached 192.34 billion pesos from January to December last year, up 71% from 112.12 billion pesos for the year. former. Singapore’s […]

Corporate profits

Democrats renew calls for minimum tax on corporate profits after Tesla report

Democratic lawmakers are renewing calls to tax corporate profits after revelations that Tesla won’t pay any taxes to the federal government, despite earning nearly $6 billion in profits last year. Senator Elizabeth Warren, Democrat of Massachusetts, said Tesla’s tax revelations are troubling, especially because the company has received millions in government grants. “After years of […]

Income tax

This Valentine’s Day, think about…the income tax savings of trusts!

Trusts generally have the highest marginal tax rates in the US tax system, but there are ways to save with good tax planning and thoughtful timing. A very important date for a tax-saving opportunity is fast approaching, and the holiday I use to remind myself to look to take advantage of every year happens to […]

Foreign investments

Foreign investment exceeds pre-pandemic levels

As COVID-19 travel restrictions began to be lifted last year, foreign investors flocked to U.S. commercial real estate. Foreign investment surpassed pre-pandemic levels in 2021, according to a new report from Real Capital Analytics. Foreign investors bought $70.8 billion worth of U.S. commercial real estate in 2021. That’s the highest total since 2018’s $94.6 billion. […]

Corporate profits

Economist Explains Record Corporate Profits Despite Rising Inflation: NPR

NPR’s Michel Martin talks with economics professor Isabella Weber about the price hikes and inflation that’s happening alongside soaring corporate profits. MICHEL MARTIN, HOST: Prices are up everywhere – at the gas pump, at the grocery store, in the parking lot. This week, the federal government reported a 7.5% increase in the cost of goods […]

Income tax

What to choose in 2022?

How to choose between the new and the old tax system? The new tax system differs from the old one in two respects. First, it has more slabs with lower tax rates. And second, all major exemptions and deductions available to taxpayers under the existing old tax system are disallowed if the new tax system […]

Annual profits

Pharmaceuticals group GSK announces lower annual profits

LONDON – British pharmaceuticals group GlaxoSmithKline posted declining annual profits after the previous year was boosted by asset sales, but forecasts a recovery in 2022 amid fallout from its healthcare division. After-tax profit fell to just under £4.4bn last year, GSK said in a statement. That compares to £5.7bn in 2020, when its bottom line […]

Corporate profits

Corporate profits soar despite rising inflation

On Thursday, the Bureau of Labor Statistics (BLS) released its latest inflation report, and the news is not good for workers. According to the Consumer Price Index (CPI) – which measures the cost of consumer goods – inflation for all goods, including food and energy, rose again in January, this time by 0 .6%. This […]

Income tax

Armada Hoffler Properties Announces Tax Treatment of

VIRGINIA BEACH, Va., Feb. 11 12, 2022 (GLOBE NEWSWIRE) — Armada Hoffler Properties, Inc. (NYSE: AHH) announced the tax treatment of its 2021 dividend distributions to holders of the company’s common stock and preferred stock. This information represents the final income allocations as they will be reported on Form 1099-DIV. The tax information provided should […]

Foreign investments

Kano uses compulsory insurance to drive foreign investment

The Kano State government has decided to explore opportunities in the insurance sector to attract foreign investment to the state. The state government is optimistic that a well-established insurance culture in Kano State will ensure investors have security in their investments. Kano State Government Secretary, Usman Alhaji, representing the State Governor, Dr. Abudullahi Umar Ganduje […]

Annual profits

Drugmaker GlaxoSmithKlin reports declining annual profits

British pharmaceuticals group GlaxoSmithKline (GSK) posted declining annual profits after the previous year was boosted by asset sales, but expects a recovery in 2022 as part of the spin-off of its healthcare division. After-tax profit fell to just under £4.4 billion (R91.21 billion) last year, GSK said in a statement on Wednesday. That compares to […]

Foreign investments

France expands the list of sectors subject to foreign investment screening – Government, public sector

To print this article, all you need to do is be registered or log in to Mondaq.com. As of January 1, 2022, and with the addition of sectors in which foreign investment is subject to prior authorization by the Minister responsible for the economy, France has taken a new step in the pursuit of the […]

Income tax

Bill to cut W.Va.’s personal income tax advances through House of Delegates

CHARLESTON, WV (WOWK) — Workers in West Virginia could get a healthy cut in their income tax, though critics say it would be better to cut the sales tax. A bill to reduce state personal income tax passed the finance committee and is now before the full House. This would reduce West Virginia income tax […]

Corporate profits

Rishi rich: making the poorest pay to protect corporate profits

He’s a multi-millionaire Chancellor with a huge property empire who decides to raise National Insurance and bills while cutting taxes on welfare and bankers, writes Terina Hine Data released this week by The Food Foundation reported that nearly five million adults experienced food insecurity in the past month, one million of whom spent an entire […]

Annual profits

Companies can earn $357 billion in annual profits worldwide through people-driven transformation and commitment to ESG: Infosys

Digital adoption alone is no longer enough to achieve business goals and drive profits, according to research from the Infosys Knowledge Institute (IKI), the thought leadership and research arm of Infosys. The study, Infosys Digital Radar 2022, found that companies must now use digital to differentiate themselves beyond traditional IT metrics, reaffirming the importance of […]

Corporate profits

Are corporate earnings the key to resisting a stock decline?

Quality means different things to different investors, but by most definitions, a high-quality company is one that makes a lot of money reliably. Think Apple Inc., Microsoft Corp. or Johnson & Johnson. In that sense, it’s reasonable to assume that stocks of high-quality companies will fare better in a bear market, because big profits often […]

Annual profits

BNP raises payment target after jump in annual profits

BNP Paribas has raised its profit targets and pledged to boost shareholder returns as the French lender pursues a plan to strengthen its investment bank and benefit from an economic recovery. The bank said net profit jumped by more than a third in 2021 to a record 9.5 billion euros, helped by lower charges related […]

Annual profits

Bitcoin Price Impacts Tesla’s Annual Profits as Automaker Loses Money on $2.1 Billion Crypto Purchase

A risky investment didn’t pay off for the tech company – and they had to admit the mistake very publicly. Electric vehicle giant Tesla lost US$101 million (Australian $141 million) after a risky gamble failed to pay off. The tech company revealed in its annual report to the U.S. Securities and Exchange Commission, released last […]

Income tax

Free Income Tax Preparation for Fremont Residents

FREMONT, CA – If the thought of filing taxes makes your head spin, here’s good news – free help is available for middle- and low-income residents of Fremont. The United Way Bay Area partners with IRS-certified volunteers to provide the service. “We are pleased to offer free, secure and high-quality tax preparation services to eligible […]

Foreign investments

The Moreno-Ong tandem to support the fisheries department, more foreign investment

PHILSTAR PRESIDENTIAL candidate and mayor of Manila, Francisco “Isko” M. Domagoso, has pledged his full support for the creation of a department of fisheries separate from the department of agriculture if he wins the May elections. Mr. Domagoso, the standard bearer of Aksyon Demokratiko, said in a statement on Monday that he would certify as […]

Income tax

Good and bad news about the working income tax credit

Last week’s column promised more details on the Earned Income Tax Credit (EITC). Below is our fulfillment of the promise. There is mostly good news and some bad news in IRS publication 596 (Earned Income Credit). The good news starts on page 2: “The Earned Income Credit (EIC) is a tax credit for certain people […]

Income tax

Republican lawmakers and governor support cutting SC’s top state tax rate

CHARLESTON, SC (WCSC) – South Carolina currently has the highest income tax rate in the Southeast, but Republican leaders in the state House of Representatives and Gov. Henry McMaster are pushing to lower the top state tax rate. H.4880 would gradually reduce South Carolina’s top tax rate from 7% to 6% over the next five […]

Foreign investments

Foreign investment subject to Senate bill

Lawmakers seeking to limit foreign ownership of Oklahoma farmland could face a complicated battle this session, as lawmakers’ sense of patriotism could present a challenge to key aspects of the state’s economy. (Photo by Federico Respini via Unsplash) OKLAHOMA CITY — Lawmakers seeking to limit foreign ownership of Oklahoma’s farmland could face a complicated battle […]

Foreign investments

Sri Lankan president questions critics and defends foreign investment

ECONOMYNEXT – The overly critical have no vision for the future and, despite some “not long-term” crises, the government has no desire to abandon its plans for the country for the benefit of a few who do not want change, Sri Lankan President Gotabaya Rajapaksa said, asking the public to beware of false propaganda. Speaker […]