Tadd Fowler, treasurer and senior vice president for global taxes at Procter & Gamble, ticked off the impact of the TCJA on the multinational consumer goods manufacturer at a recent Tax Foundation event. Some 44% of the company’s sales are now in the US, compared with 39% prior to the act, thanks to increased domestic … Read more
While more strategic tax leaders are most concerned that the 2024 election will result in changes to certain Inflation Reduction Act renewable energy credits, tax tacticians are most concerned about changes to federal corporate tax rates, according to a new survey from top six accounting firm BDO USA. BDO’s 2024 Tax Strategist Survey, which was released … Read more
Gold’s lightning rally to successive record highs shows every sign of continuing in the second half of 2024 as the fundamental case for bullion remains firmly in place, though $3,000 per ounce looks just out of reach, traders and industry experts said.Investors have flocked in droves towards the precious metal, driven by expectations for monetary … Read more
By Naeem Aslam European and US futures are trading with extreme caution on Wednesday as traders are reluctant to make any big moves ahead of two important events. Observing the day’s price action reveals a tense atmosphere, because the US CPI report and the Fed’s monetary policy decision, followed by their press conference, are … Read more
The Hellenic Healthcare Group (HHG), owner and operator of nine leading private hospitals in Greece and Cyprus, has added the American Medical Center and the American Heart Institute in Nicosia to its portfolio of healthcare facilities and services. The value of the deal and the size of the equity stake were not disclosed. The AMC, … Read more
There are insinuations concerning the incidence of double taxation being experienced in some quarters by persons or groups within our economy. Those being affected by this menace are seriously lamenting as a result of the repetitive nature of taxes and levies that they have been forced to be exposed to or suffer more than once … Read more
The OECD is developing ways to increase taxes on international businesses, cross-border investment and global levies on wealth and energy generation. Mathias Cormann, former finance minister of Australia, is the sixth secretary-general of the OECD, in office since June 2021, appointed by the member governments for a five-year term. On his watch, the organization continues its … Read more
Michael Welu worked at the IRS for decades as a specialist in helping agents identify and investigate possible tax crimes. In an agency known for offices working in their own silos, Welu had the rare ability to move between divisions, dissecting and learning each office’s particular customs and procedures. But that experience had its own … Read more
Every profession has its own distinct lexicon, or language, which mitigates any potential misunderstandings.Furthermore, it serves as a barrier to entry and maintains remuneration in line with the level of difficulty inherent in onboarding.Corporate tax exemplifies such a community. Today, we are going to delve into one of its niche domains: investment funds and their … Read more
Published at 10 Jun 2024 According to estimates, cuts proposed by the Trump camp could increase US national debt by USD 1 trillion… According to estimates, cuts proposed by the Trump camp could increase US national debt by USD 1 trillion. As election fever in the US grows increasingly frantic with November’s crucial poll looming … Read more