Secretary of State Anthony Blinken said the U.S.-Cyprus partnership is growing stronger, deeper and broader, and that Cyprus is “an important player in the region and a partnership for the United States that we deeply value.” A bilateral agreement was also signed bringing Cyprus closer to being included in the visa waiver programme for entry … Read more
The Central government is likely to announce India’s adoption of “Pillar-2” tax regime anchored by the Organisation for Economic Cooperation and Development (OECD) in the coming Budget, as part of the country’s efforts to support and benefit from the global system combating tax avoidance.The Finance Bill, 2024, passed after the interim Budget presentation, will be … Read more
WASHINGTON (AP) — Former President Donald Trump told an influential group of CEOs that he wants to further cut the corporate tax rate he lowered while in office, while President Joe Biden’s chief of staff separately told them that the Democratic incumbent’s emphasis on global alliances would help their businesses.Both Trump, the presumptive Republican nominee, … Read more
By Nancy Cook and Justin Sink, Bloomberg News (TNS) Donald Trump promised to lower the corporate tax rate to 20%, further reducing the income levy on the largest U.S. companies that he already slashed while president, according to people familiar with the remarks. The presumptive Republican presidential nominee pitched his support for cutting the business … Read more
The abolition of US federal income tax would lead to a shortfall of $2.1 trillion in government revenues, according to an expert read moreFormer US President Donald Trump has proposed abolishing federal income tax if he wins the US presidential election.Trump is the presumptive presidential nominee of the Republican Party and is running against current … Read more
A pedestrian leaves the entrance of the headquarters of the Federal Board of Revenue (FBR) building in Islamabad — AFP/File Focus on growth, not taxes. Vietnam’s standard corporate tax rate is 20 per cent and preferential tax rates are as low as 10 per cent, depending on factors like investment size and location. High-tech enterprises … Read more
France appears more divided than ever after the European election results, which saw Marine Le Pen’s National Rally secure the top spot, relegating Emmanuel Macron’s party to third place. This outcome forced the French president to call for early elections. The discontent with Macron is evident. Despite giving a vote of confidence to Marine Le … Read more
MORRISTOWN, NJ — Dozens of mayors are calling on Gov. Phil Murphy and state legislators to inject more cash flow into New Jersey Transit by way of a corporate transit tax, including Morristown’s Tim Dougherty. Commuters, labor leaders, and community activists echoed this call at a rally outside NJ Transit headquarters on Thursday, while also … Read more
Sharon Basch is a rising 3L at the University of Pittsburgh School of Law and a JURIST staff correspondent in Washington DC this summer. Wednesday morning I attended a US Senate Budget Committee hearing entitled “Making Wall Street Pay its Fair Share: Raising Revenue, Strengthening Our Economy.” The hearing was called to discuss tax policy and … Read more
EURUSD slipped further into the low end on Friday, clipping into 1.0670 before recovering to the 1.0700 handle during the US market session. Political pressure is weighing down the Euro after a wide shift in European voter sentiment tilted towards right-of-centre political parties in European parliamentary elections recently, sparking a snap election in France. On … Read more