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 […]

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

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

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

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 […]

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 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 […]

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 […]

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 […]

Income tax

Income tax relief, ease of doing business, what the industry wants

Read more mortgage relief, industry experts and workers have high hopes in the 2022 Union budget. “With the increase in direct tax collections and experts estimating that it exceeds the forecast budget, taxpayers expect relief in terms of an increase in the ceiling for the basic exemption, an increase in the lump sum deduction for […]

Income tax

Proposed corporate and personal income tax cuts spark support and anger | Nebraska

Proposals to cut Nebraska’s top personal income tax rate and corporate income tax won broad support Thursday from business interests, as well as stiff opposition, saying the plans bill would disproportionately help the wealthy while cutting state government revenue. Senator Lou Ann Linehan of Elkhorn, sponsor of the corporate tax cut plan contained in LB938, […]

Annual profits

Dunelm raises annual profit forecast after strong second quarter

British housewares retailer Dunelm raised its annual profit forecast on Wednesday after a record performance in the 13 weeks leading up to Christmas, thanks to online sales and higher margins. The company posted second quarter revenue of £ 407million, up 13% year on year and 26% more than two years ago before the Covid pandemic. […]

Annual profits

JD Sports raises full-year profit forecast after strong second half

JD Sports Fashion raised its full-year profit forecast after revenues rose 10% in the 22 weeks to Jan. 1 as U.S. fiscal stimulus measures also boosted trade. The sports fashion chain said on Wednesday it expects pre-tax profits of at least £875m compared to previous expectations of £810m after heavy trading over Christmas and Black […]

Foreign investments

“Kuwaiti investments abroad exceed foreign investments”

KUWAIT CITY: According to a report released by the International Monetary Fund (IMF), total foreign direct investment in Kuwait stood at $ 14.565 billion at the end of last year, and foreign direct investment from Kuwait amounted to approximately $ 32.741 billion. This means that foreign direct investment is more than double the foreign direct […]

Foreign investments

“Kuwaiti investments abroad exceed foreign investments” – ARAB TIMES

WhatsApp Facebook Twitter E-mail Messenger KUWAIT CITY, January 8: According to a report released by the International Monetary Fund (IMF), total foreign direct investment in Kuwait amounted to $ 14.565 billion at the end of last year, and direct investment in the foreigners from Kuwait amounted to approximately $ 32.741 billion. This means that foreign […]

Foreign investments

New policies restrict foreign investment in the United States

Wednesday, December 22, 2021 As the US economy continues to grow, foreign investors are finding it increasingly difficult to invest in companies in the United States. Several US consulates have restricted or suspended the processing of e-visa applications altogether, contributing to a significant drop in foreign investment in US companies. What is an E visa? […]

Foreign investments

Proposed Amendments to the Foreign Investment Law

Foreign direct investment (FDI) flows have been hit hard during the Covid-19 pandemic. Government-imposed travel bans and quarantines for foreign travelers likely contributed to this, so it is crucial that the government adopt economic measures to promote FDI. At the beginning of this year, we saw the adoption of the Law on Business Recovery and […]

Foreign investments

Estonia to start screening foreign investment backgrounds | News

The bill aims to ensure the transparency of foreign investment, Estonia’s strategic sectors and business areas will not become dependent on foreign investors and the continuity of services will not be compromised, spokespersons from the ministry. Minister of Entrepreneurship and Information Technology Andres Sutt (Reform) said that under the conditions of the Covid pandemic, global […]

Income tax

GOP hopes for 2022 want to eliminate state income tax

Legend Georgia Revenue Sources Credit: Isaac Sabetai Legend Georgia Revenue Sources Credit: Isaac Sabetai Credit: Isaac Sabetai House Appropriations Speaker Terry England R-Auburn, who has voted to lower the income tax rate in the past, said eliminating it altogether could spell disaster for the state’s finances . “Well, either you are taking K-12 education out […]

Income tax

GOP leaders in search of “moonlight” for Iowa income tax | New policies

ALTOONA – With a state surplus approaching $ 2 billion, a key Senate Republican has said his majority caucus is seeking a “moonlight” change in state tax policy, in the ultimate goal of eliminating income tax at some point. Sen. Dan Dawson, R-Council Bluffs, chairman of the Senate Ways and Means Committee, told an Iowa […]

Income tax

6 key changes from December

Main changes in December 2021: As the year draws to a close, with December already beginning, Indians are expected to face a host of changes early in the month in terms of money matters. These regulatory and operational changes are likely to change for most people. As we move towards the end of the year, […]

Corporate profits

2021 9 Months: Corporate profits soar despite the exchange rate crisis, poverty, insecurity.

Nigerian businesses have dismissed the rising inflation rate and the exchange rate crisis to record higher revenues and profits. Blockbuster results: An analysis of the financial statements of 32 of the most capitalized companies on the stock exchange (excluding commercial banks) found that the companies recorded an aggregate turnover of 5.9 trillion naira in the […]

Annual profits

Most Pharmaceutical Companies Post Higher Annual Profits

Pandemic Helps Drug and Personal Care Manufacturers Record Strong Sales Increase 09 November 2021, 22:30 Last modification: 09 November 2021, 22:43 Infographic: SCT “> Infographic: SCT Most of the listed pharmaceutical and chemical companies recorded a higher profit in fiscal year 2020-2021 compared to the previous year thanks to increased sales during the Covid-19 pandemic. […]

Corporate profits

Billions of ‘JobKeepers’ boosted Australian business profits while casual workers were cut

The first year of the COVID-19 pandemic produced the largest direct transfer of public money ever to increase corporate profits, at the direct expense of the working class. More than half of the $ 89 billion in federal JobKeeper wage subsidies paid during the initial period of the pandemic went to companies, whose turnover did […]

Foreign investments

Decline in foreign investment in Nigeria

The Director General of the World Trade Organization (WTO) and former Minister of Finance, Dr Ngozi Okonjo-Iweala, recently expressed his concern over the drastic drop in foreign investment in Nigeria. She said the cost of doing business in the country remains “too high” to attract foreign and domestic investment into the economy. His concern expressed […]

Foreign investments

Telecommunications sector attracts $ 3.9 billion in foreign investment in five years | The Guardian Nigeria News

• Unstable macroeconomic environment impacting the potential of the sector• NIN-SIM drives 6.3% drop in industry growth in Q1 2021 Between 2015 and 2020, Nigeria’s telecommunications sector attracted $ 3.9 billion in foreign investment (portfolio and direct). The 2021 Telecommunications Industry Report released by Agusto & Co, which revealed it, observed that this averaged seven […]

Foreign investments

Morocco, the first destination for foreign investment – ​​Polish Paper

The Polish newspaper “innpoland” praised the business climate in Morocco and the investment opportunities offered by the Kingdom. The newspaper, which published an article on the Kingdom’s economic assets on Friday, pointed out that “while the word Morocco conjures up beautiful landscapes, excellent cuisine and other things that together make it an ideal destination for […]

Foreign investments

Foreign investment in health care encouraged

MANILA, Philippines – The Philippines is expected to attract more foreign investment in the health system as the country continues to lag behind in Southeast Asia. In a discussion paper, the state-run Philippine Institute for Development Studies (PIDS) think tank argued that the country has long lagged behind neighboring countries in the region in terms […]

Corporate profits

Corporate profits fell 6.9% in 2020, impacted by the pandemic

KUALA LUMPUR: Corporate profits earned by companies or gross operating surplus (GOS) fell 6.9% last year due to declining production capacity as the country was hit by the Covid-19 pandemic, the statistics department reported. Releasing the details of his approach to gross domestic product (GDP) income released on Tuesday, he said they include the income […]

Foreign investments

Foreign Investment in China Accelerates Despite Global Tensions: US Economist_英语频道_央视网(cctv.com)

WASHINGTON, July 22 (Xinhua) — Foreign direct investment and portfolio inflows into China continue to accelerate this year despite global economic and financial tensions, a renowned U.S. economist said Thursday. “As China continues to lead the global recovery from the negative economic effects of the COVID-19 pandemic and the business environment for foreign companies in […]

Foreign investments

India’s strong fundamentals, market size will continue to attract foreign investment: FM

Claiming that the Indian economy is showing signs of recovery from the peak of the second wave of COVID in May, the government said on Monday that the country’s strong fundamentals and market size will continue to attract investment to create new markets. . Citing the World Investment Report 2021, Finance Minister Nirmala Sitharaman in […]

Foreign investments

India’s strong fundamentals and market size will continue to attract foreign investment: FM Sitharaman

The Union budget 2021-2022 estimates India’s nominal GDP growth at 14.4% in the current fiscal year ending in March 2022. India’s strong fundamentals and market size will continue to attract investment to create new markets, Finance Minister Nirmala Sitharaman said on Monday in a written response to Lok Sabha. Citing the World Investment Report 2021, […]

Foreign investments

Malaysia should step up sustainable development efforts to attract foreign investment, says Swedish envoy | Money

File photo shows a worker picking palm oil fruit at a plantation, amid the Covid-19 outbreak in Klang, June 15, 2020. – Reuters pic KUALA LUMPUR, July 19 – As the world grapples with the global climate crisis, it is crucial for Malaysia to strengthen its sustainable development initiatives to ensure a brighter future for […]

Foreign investments

IIFL Securities partners with Stockal for foreign investments

IIFL Securities, the brokerage arm of IIFL Group, has partnered with global investment platform Stockal for overseas investment. Partnership will help IIFL Securities clients gain access to over 3,500 U.S.-listed companies, invest in expert-selected fractional stocks, stocks and ETFs based on risk and industry preferences individual investors, IIFL said in a statement. Millennials make up […]

Corporate profits

NDP tax on ‘excess’ corporate profits during pandemic would increase government revenues by $ 8 billion: PBO

Breadcrumb Links New Canadian Politics Canada The proposal targets companies generating more than $ 10 million in annual revenue and would double the income tax payable on all 2020 profits that exceed their annual average since 2014 Author of the article: Christophe Nardi Release date : Apr 27, 2021 • April 27, 2021 • 3 […]

Annual profits

Major healthcare systems bring in more than $ 1 billion in annual benefits

Many hospitals across the country suffered a financial blow from the COVID-19 pandemic, but some large healthcare systems were still profitable in 2020. The pandemic resulted in lower patient volumes and higher spending for U.S. hospitals last year, and the financial damage could continue this year. The pandemic could cost hospitals between $ 53 billion […]

Annual profits

New Geothermal Capacity Significantly Contributes to KenGen’s Annual Profit Increase | Think GeoEnergy

Construction of the Olkaria V geothermal power plant, Kenya October 2018 (source: LinkedIn / Roberto Razo) KenGen reports higher profits for the fiscal year ended June 2020, largely attributed to the new 165 MW Olkaria V geothermal power plant and revenues from the geothermal services business. The target for 2021 is now to deliver the […]

Foreign investments

Seychelles Ambassador to China: Foreign investment welcomed

06:10 Seychelles, which derives around 70 percent of its GDP from tourism, seeks to boost trade with major economies as its economy is hit by the COVID-19 pandemic. “Currently, Seychelles is experiencing a severe balance of payments crisis, so we welcome Chinese investment and funding for public sector projects that will ease our fiscal burden,” […]

Annual profits

Tiger Brands cuts 400 jobs as annual profits plummet

Tiger Brands has cut hundreds of jobs across South Africa’s food sector as annual profits tumbled amid a coronavirus-related drop in consumer spending. The publicly listed owner of brands such as Albany Bakery and Cresta Rice released its annual results for the period to September 30 on Friday (November 20th), posting net profits of ZAR […]