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Alberta business groups share concern over potential tax hikes as Ottawa balances new spending and fiscal guardrails

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Alberta business groups share concern over potential tax hikes as Ottawa balances new spending and fiscal guardrails

The text discusses economists’ expectations of tax increases in the federal budget announcement, with speculation that new taxes may target corporations and the wealthy. Lindsay Tedds, an economist at the University of Calgary, mentioned the need for revenue to bridge spending gaps. Finance Minister Chrystia Freeland confirmed that Canada’s deficit won’t increase in the upcoming budget. There is concern in the business community about potential windfall taxes on the oil and gas sector and grocery chains. The federal government has not revealed its strategy, but there is speculation about possible tax increases.

LILLEY: Trudeau budget expected to have job-killing tax hikes in it

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LILLEY: Trudeau budget expected to have job-killing tax hikes in it

The fact described in the text is that the NDP plans embraced by Trudeau will involve tax increases on high-income earners and corporations, rather than the middle class.

German Ambassador to present Dr Zamboglou with Cross of the Order of Merit

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German Ambassador to present Dr Zamboglou with Cross of the Order of Merit

Professor Dr Nikolaos Zamboglou will receive the Cross of the Order of Merit of the Federal Republic of Germany for founding the German Oncology Centre in Cyprus, which has strengthened the ties between Cyprus and Germany. The clinic follows strict German radiation protection standards and uses German equipment, providing high-quality medical care. The centre offers a wide range of specialized treatments and services, including radiotherapy, interventional radiology, medical oncology, and more. The German Oncology Centre is integrated into the Cypriot national health system and maintains strong links with Germany.

Stranded sea otter pups paired with surrogate moms at California aquarium [PHOTOS]

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Stranded sea otter pups paired with surrogate moms at California aquarium [PHOTOS]

Every year, around 10 to 15 sea otter pups are found stranded off the California coast, often due to storms that separate mother and offspring. The Aquarium of the Pacific in Long Beach is partnering with the Monterey Bay Aquarium to pair pups with surrogate sea otter mothers to teach them life skills and return them to the wild. The surrogate mothers help the pups learn behaviors like grooming, foraging, prey manipulation, and shell opening that humans cannot teach. California sea otters are a protected species and play a critical role in maintaining the balance of near-shore ecosystems. The aquariums have rescued eight stranded pups and are working to increase the population in the wild to protect the ecosystem.

Weekly IRS Roundup April 1 – April 5, 2024 | JD Supra

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Weekly IRS Roundup April 1 – April 5, 2024 | JD Supra

The IRS released guidance on corporate bond monthly yield curve, applicable federal rates, and proposed regulations on production tax credit.

Complaint filed over police raid that ended with Bangladeshi man, ’s death

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Complaint filed over police raid that ended with Bangladeshi man, ’s death

Fact: Police did not have a search warrant before entering the fifth-floor apartment where the Bangladeshi nationals were living.

Honey, I Shrunk The Tax Base: The Decline In Taxable Shareholders

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Honey, I Shrunk The Tax Base: The Decline In Taxable Shareholders

The content discusses updated data from the Urban-Brookings Tax Policy Center showing a decreasing shareholder tax base and how it could affect tax policy. The percentage of taxable shareholders has dwindled over time, with implications for taxing dividends and capital income. Foreign investors, retirement accounts, and not-for-profit institutions are the largest groups of nontaxable shareholders. The article aims to address the issue of a shrinking tax base and provides transparency in methodology for readers to engage with the data. The implications of the decreasing shareholder tax base include the impact on corporate tax cuts benefiting foreign investors and the need to consider solutions like a withholding tax on corporate distributions to foreign investors.