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SCOTUS Rejects Constitutional Challenge to Mandatory Repatriation Tax, Holding It Applies to Realized but Undistributed Income of Foreign Corporations | JD Supra

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SCOTUS Rejects Constitutional Challenge to Mandatory Repatriation Tax, Holding It Applies to Realized but Undistributed Income of Foreign Corporations | JD Supra

In Moore v. United States, the U.S. Supreme Court rejected a constitutional challenge to the Mandatory Repatriation Tax (MRT), holding that the MRT does tax income — the realized earnings of foreign corporations — and thus is a constitutionally permissible income tax authorized by the Sixteenth Amendment. The MRT is a “one-time, backward-looking” tax in … Read more

Five Things to Know about Trump’s Tariff and Income Tax Proposals

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Five Things to Know about Trump’s Tariff and Income Tax Proposals

Trump Income Tax and Tariff Proposals: Details & Analysis Skip to content Home • Blog • Five Things to Know about Trump’s Tariff and Income Tax Proposals Trump took his affinity for tariffs much further, floating the possibility of entirely replacing the federal income tax with new tariffs. He also raised other ideas like eliminating … Read more

Direct tax collections for FY 2024-25 surge by over 20%

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Direct tax collections for FY 2024-25 surge by over 20%

ANI | Jun 18, 2024 07:58 PM IST Share Via Copy Link The increase in both personal income and corporate tax collections points towards a growing corporate sector and higher income levels among individuals. The Ministry of Finance has announced a robust growth in India’s direct tax collections for the financial year 2024-25, with net … Read more

DC dispatch: senators and witnesses quarrel over tax reform in Budget Committee hearing – does Wall Street pay its fair share?

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DC dispatch: senators and witnesses quarrel over tax reform in Budget Committee hearing – does Wall Street pay its fair share?

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

Can you really boost your brain?

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Can you really boost your brain?

What are common nootropics and what effect will they have? By Nenad Naumovski, Amanda Bulman and Andrew McKuneHumans have long been searching for a “magic elixir” to make us smarter, and improve our focus and memory. This includes traditional Chinese medicine used thousands of years ago to improve cognitive function. Now we have nootropics, also … Read more

Mass. tax collections were down $260M in May

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Mass. tax collections were down $260M in May

Massachusetts collected $260 million less in tax revenue in May. But the state is still ahead of projections for the year as lawmakers head into the final furlong of budget season.The state collected nearly $2.5 billion last month, according to new state Revenue Department data. That’s 9.6% less than actual collections in May 2023, and … Read more

Just 385 families keep four villages in occupied areas alive

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Just 385 families keep four villages in occupied areas alive

There are only 385 families still living in the occupied villages of Kormakiti, Karpasia, Agia Triada, and Rizokarpaso, serving as pillars of Hellenism and the Maronite community. The Ministry of Social Welfare has revised the Resettlement Plan to provide financial support and incentives for families to return. The plan includes flexible conditions and offers facilitations such as allowing non-consecutive overnight stays and extending caregiving allowances. Interested parties must have permanent residence in the occupied villages and not be recipients of public assistance. The Ministry of Social Welfare manages and implements the plan, providing a monthly allowance to beneficiaries who meet the requirements and continue to reside permanently in their occupied village.

Cyprus implemented GRECO recommendations for judges, not MPs or prosecutors

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Cyprus implemented GRECO recommendations for judges, not MPs or prosecutors

Cyprus has fully implemented 75% of the recommendations regarding prosecutors, but only 25% of the recommendations regarding MPs.

Cyprus extends entertainment venue hours until early morning

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Cyprus extends entertainment venue hours until early morning

Clubs, music venues, and cabarets in Cyprus can now operate with extended hours, from 8:00 pm to 4:00 am on Mondays to Thursdays and Sundays, and until 5:00 am on Fridays and Saturdays. The extended hours were approved by the Deputy Ministry of Tourism and will be in effect until September 30. The Cyprus Association of Entertainment Venue Owners has not yet commented on the new regulations, which only apply to specific categories of venues.

United States Tax Data Explorer

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United States Tax Data Explorer

The Tax Foundation’s International Tax Competitiveness Index (ITCI) measures the competitiveness of tax systems in 38 OECD countries based on low tax burdens on business investment and neutrality in tax codes.