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 […]

Corporate profits

Rising corporate profits are the main driver of soaring inflation: report

Gerry Harvey, President of Harvey Norman. Origin: Supplied. Profits, not wages, are the main driver of inflation, according to a new report released today which highlights the fact that big companies like Harvey Norman are posting big profits while passing on higher prices to customers. Independent think tank The Australia Institute found that 60% of […]

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 […]

Corporate profits

Do corporate profits rise when inflation rises?

Mathias Andler and Anna Kovner When inflation is high, businesses may raise prices to keep pace. However, market watchers and journalists have questioned whether companies have taken advantage of high inflation to boost profits. We look at this question through the lens of public companies, finding that in general, increased prices in an industry are […]

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 […]

Foreign investments

Foreign investment drops 81%, interest rates rise

Capital imports 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 Bureau data National Statistics. Based on the BNS reports on the import of Nigerian capital for the first quarters of 2019, 2020, 2021 and 2022, there […]

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 […]

Foreign investments

RBI takes steps to attract foreign investment and strengthen the rupee

In order to support the rupee and attract foreign investment into the country, the Reserve Bank of India (RBI) announced a series of measures on Wednesday. These include relaxations of the Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) on additional FCNR(B) and NRE Term Deposits, relaxation of rules for REITs and increased limits […]

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

CIO boss in Lanka gets special residency visa to attract more foreign investment

Colombo: The head of Lanka IOC, the subsidiary of Indian Oil Corporation in Sri Lanka, has been granted a special residence permit under the new policy aimed at attracting foreign investment to the cash-strapped island nation. The new regime was introduced by new investment promotion minister Dhammika Perera, a former business tycoon who became a […]

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 […]

Corporate profits

Are record corporate profits the cause of inflation? Here’s what the experts think.

As soaring inflation weighed on budgets for essentials like gasoline and groceries, many big companies posted record profits, sparking anger among some ordinary citizens and public officials over price gouging. Such frustration has recently come to the fore in the face of exorbitant gasoline prices. Earlier this month, President Joe Biden sent a letter to […]

Corporate profits

Is inflation driven by corporate profits? | Columns

There is no doubt that inflation is on everyone’s mind. I overheard a conversation last week between two people at a local store discussing things going up, and one said to the other, “That’s ridiculous!” We know that rising costs keep reverberating and that we can’t cut back or stop doing so much. That was […]

Income tax

Research: Rating Action: Moody’s Assigns Aa1 to District of Columbia Guaranteed Income and Income Tax Refund Bonds, Series 2022A, B and C; stable outlook

No related data. © 2022 Moody’s Corporation, Moody’s Investors Service, Inc., Moody’s Analytics, Inc. and/or their licensors and affiliates (collectively, “MOODY’S”). All rights reserved. THE CREDIT RATINGS ISSUED BY MOODY’S CREDIT RATINGS AFFILIATES CONSTITUTE THEIR CURRENT OPINIONS ON THE RELATIVE FUTURE CREDIT RISK OF THE ENTITIES, CREDIT COMMITMENTS OR INDEBTEDNESS OR SECURITIES ASSOCIATED WITH […]

Corporate profits

COLUMN: POINT-COUNTERPOINT: Is inflation driven by corporate earnings? | Columns

There is no doubt that inflation is on everyone’s mind. I overheard a conversation last week between two people at a local store discussing the price increase, and one said to the other, “That’s ridiculous!” We know that rising costs continue to trickle down and we can’t cut back or stop doing a lot of […]

Annual profits

How this suckler breeder more than doubled his annual profits in 10 years

Jimmy Madigan has more than doubled profits on his Kilkenny suckler farm over the past decade, focusing on soil fertility and genetics. ao 100 sucklers, 150 store lambs, 60 store bulls, 10 acres of tillage and some forestry on his 235 acre property in Ballyhale, where he farms alongside his wife Annmarie and their four […]

Income tax

Springfield is expected to generate $45.2 million in income tax revenue for 2023

However, income tax revenue increased to 39.9 million in 2021. This information was recently shared with the City of Springfield Commissioners by Mark Beckdahl, the City of Springfield’s Chief Financial Officer. An ordinance adopting the tax budget was also approved by elected officials at their bi-weekly public meeting on Tuesday. The projected tax revenues are […]

Corporate profits

Goldman sees early signs of consumer belt tightening in US corporate earnings

According to Goldman Sachs Group, the first signs that the tightening of the consumer belt is affecting corporate profits are coming, which poses a greater risk for American stocks than the sale of stocks by American households. High inflation and falling asset prices have begun to weigh on household finances, Goldman strategists led by David […]

Income tax

3 Income tax clerks siphoned off crores through bogus TDS refunds; CBI probes

The scam surfaced when one of the valuation agents detected the calculation of refunds under Section 154 of the Information Technology Act. The scam surfaced when one of the valuation agents detected the calculation of refunds under Section 154 of the Information Technology Act. The CBI has opened an investigation against three Department of Income […]

Foreign investments

New law will allow government to screen foreign investment

The government is due to adopt a new law which will allow it for the first time to screen investments from non-EU countries. It is designed to protect Ireland’s critical technology and infrastructure from potentially dangerous foreign investment. Investments in technologies identified by law as “sensitive” or “critical” infrastructure such as health services, power grid, […]

Foreign investments

India emerges as preferred destination for foreign investment: Govt

India is rapidly becoming a favorite country for foreign investment as the measures taken by the government led by Prime Minister Narendra Modi over the past eight years have paid off, as evidenced by the ever-increasing volumes of FDI that set new records. FDI inflow to India reached its highest level […]

Foreign investments

Tax and customs incentives to attract foreign investment

Okaz/Saudi Official Gazette Riyadh — The National Incentives Committee revealed that the committee would provide financial and non-financial incentives for investment projects to empower, promote, encourage and attract local and foreign investment. The committee will focus on providing tax and customs incentives; incentives linked to financial compensation depending on the type of economic activity; incentives […]

Income tax

7 special tax benefits for seniors

There are certain tax benefits for senior citizens that they can avail of. Apart from the tax advantages, the electronic income tax filing process has also been specially designed for them. Let’s take a look at the tax benefits available to seniors Different tax rates Income tax slab rates for seniors are different from those […]

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 […]

Corporate profits

Study shows corporate excess profits in the US have become ‘widespread’

A new document released on Tuesday shows U.S. corporate profit margins and profits hit their highest levels since the 1950s last year, bolstering the case for an excess profits tax as a way to curb inflation. vertiginous. Written by Mike Konczal and Niko Lusiani of the Roosevelt Institute, the analysis finds that markups – the […]

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 […]

Corporate profits

Dissecting the extraordinary surge in corporate earnings

Uneven earnings across sectors, input cost pressures and rising interest rates coupled with a weaker rupee could dampen the pace of corporate earnings. Radhika Pandey and Pramod Sinha writes: The COVID-19 pandemic has derailed the economy but been a boon for listed companies. The sharp corporate tax cut in 2019 and the pandemic-induced cost reduction […]

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 […]

Foreign investments

Kaduna, Rivers and 30 others attract no foreign investment in Q1

Thirty-two states in Nigeria, including Rivers and Kaduna, attracted no foreign investment in the first quarter of 2022, The punch has learned. A National Bureau of Statistics report shows that only the states of Lagos, Oyo, Katsina, Anambra and the Federal Capital Territory attracted investment during the period. According to NBS’ Nigerian Capital Importation (Q1 […]

Foreign investments

Rivers and 31 others attract no foreign investment in Q1 2022 – NBS

National Bureau of Statistics Thirty-two states in Nigeria, including Rivers and Kaduna, did not attract any foreign investment in the first quarter of 2022. A National Bureau of Statistics (NBS) report shows that only the states of Lagos, Oyo, Katsina, Anambra and the Federal Capital Territory attracted investment during the period. According to NBS’ Nigerian […]

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 […]