A lever to capture corporate tax scofflaws
Fact: The global minimum tax mandates large multinational enterprises to pay a minimum tax rate of 15% in each country where they operate.
profits
Janet Yellen says America won’t back a billionaire tax
World leaders are considering a global tax on the world’s richest people, but the U.S. does not support the idea.
Federal government ‘ghosted’ civil society on REIT tax treatment decision: housing advocates
The REIT structure is not a tax loophole, but a way to democratize real estate investment.
Tony Watson blew the whistle on Lendlease’s questionable tax practices. Now he has to sell his family home
Lendlease is facing a big battle with major investors, with a showdown expected later this month.
Net Operating Loss Carryforward and Carryback Provisions in Europe
The text discusses net operating loss (NOL) tax provisions in Europe for the year 2024. It mentions that businesses can carry forward their losses for an unlimited number of years in some European countries, while others have time limits. The text also highlights the restrictions on carryback provisions and deductibility limits imposed by certain countries. Additionally, it mentions recent changes in carryover provisions in countries like Belgium, Romania, and Germany.
Finance Ministry proposes corporate, excise tax hikes to fund Lithuania’s defence
The Lithuanian Finance Ministry proposed raising additional funds for defense by increasing the corporate tax rate, hiking excise duty on fuel, and introducing a tax on some insurance contracts.
Livingston Chamber Criticizes Proposed NJ Business Tax Hike
The Livingston Chamber of Commerce opposes a proposed 2.5 percent tax hike on high-earning businesses in New Jersey, which would fund NJ Transit.
Ryanair boss says , ‘recessionary feel’ may be limiting air ticket price rises
Ryanair CEO Michael O’Leary mentioned that there is a “recessionary feel around Europe” which could be a factor in slower-than-expected growth in airfares.
Ryanair boss says ‘recessionary feel’ could be limiting air ticket price rises
Ryanair CEO Michael O’Leary mentioned a “recessionary feel around Europe” as a possible reason for slower airfare growth. The airline posted record annual profits slightly above expectations, with a forecast of flat to modest summer price growth. Ryanair will be 23 jets short of Boeing’s delivery target by the end of July, with potential compensation for delays. The airline flew a record 184 million passengers contributing to a 34% increase in annual profit. Ryanair also announced a 700 million euro share buyback.
Trump’s Corporate Tax Cuts Paved the Way for Inflation
Key provisions of President Trump’s 2017 tax breaks to the wealthy and corporations are set to expire next year, providing an opportunity to recoup money lost to corporate price gouging.