Open this photo in gallery:A Canada Revenue Agency sign in Ottawa on March 1, 2021.Justin Tang/The Canadian Press Claude Lavoie is a contributing columnist for The Globe and Mail. He was director-general of economic studies and policy analysis at the Department of Finance from 2008 to 2023.A majority of people are tired with the Liberal … 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
The EURJPY cross extended its decline near 168.85 during early European trading on Monday, with the Euro attracting some sellers amid the uncertainty over the political scenario in France. President Emmanuel Macron dissolved the French national assembly and announced a snap election after exit polls indicated that his Renaissance party would be defeated by the far-right … Read more
Investors are revising strategies to capitalise on the potential strengthening of the pound (GBP) in the wake of a Labour victory in the UK election on July 4 and increasing political uncertainty in Europe, according to the CEO of one of a leading independent financial advisory and fintech. A Bloomberg survey on Monday suggested that … Read more
WASHINGTON — On the campaign trail, President Joe Biden likes to take a hard thwack at corporate America.The Democrat tells voters that companies should pay more in taxes and he blames many businesses for fueling higher prices by stoking “greedflation” and “shrinkflation.”But for the past several months, top Biden administration officials have also stepped up … Read more
Strategic tax leaders are especially concerned the November U.S. presidential election will lead to changes to certain Inflation Reduction Act renewable energy credits, while tax tacticians are most concerned about changes to federal corporate tax rates, according to a new survey.The 2024 BDO Tax Strategist Survey, released Monday, pointed out that the outcome of the … Read more
A small increase in exports in April, due to overseas sales of halloumi cheese and pharmaceuticals, helped narrow the trade deficit in the first four months of the year, with January-April imports down a significant 18% and exports reduced at a smaller 8% rate, according to the Cyprus statistical service Cystat. Total imports of goods … Read more
Restaurants and bars in Cyprus saw their attendance increase to 75 per cent of their overall capacity during May, according to Neophytos Thrasyvoulou, president of the Federation of Leisure Centre Owners (Osika), who also called on business owners to be more competitive with their pricing.In statements made to the Cyprus News Agency (CNA), Thrasyvoulou explained … Read more
KARACHI: Approximately 210 multinational companies (MNCs) in Pakistan operating in sectors like tobacco, oil, auto, pharmaceuticals, banking and others contribute a third of the total tax collection and make a major contribution to the national exchequer. They also reinvest in their respective units or inject capital into some new ones. Moreover, they make investments of … Read more