The recent surge in artificial intelligence advancements has started to transform the professional services industry, and corporate tax departments are no exception. GenAI) presents a game-changing opportunity to transform corporate tax operations by enhancing human capabilities and driving strategic decision-making. Insights from the 2024 Generative AI in Professional Services Report In the realm of professional … Read more
The UK election’s influence on the pound is likely to be limited amid widespread expectation of a Labour victory, according to the CEO of a leading independent financial advisory and fintech. The prediction from Nigel Green, deVere Group chief executive, comes as Britain heads to the polls on Thursday, July 4, with the current opposition Labour Party … Read more
The EURJPY currency pair traded in positive territory for the sixth consecutive day near 173.80 on Wednesday during the early European session. The Yen weakened after the data showed that Japanese business activity turned contractionary in June. The final reading of Japan’s Services PMI fell to 49.4 in June from 49.8 in May. This figure … Read more
Wealth Tax Impact: Details & Analysis | Tax Foundation Skip to content Colombia, Norway, Spain, and Switzerland. Countries have repealed their wealth taxes for a variety of reasons. They raise little revenue, create high administrative costs, and induce an outflow of wealthy individuals and their money. Many policymakers have also recognized that high taxes on … Read more
There is a lot of discussion about what is more beneficial to the taxpayer – to build or rent government offices or even buy ready office buildings from the open market. Some uninformed reports blow up the rental payment issue out of all proportion in the sense that the government is spending €26 mln a … Read more
Joe Biden must raise income tax and cut pensions spending to slow the dangerous rise in the US national debt, the Organisation for Economic Cooperation and Development (OECD) has said.Corporate taxes also need to go up, economists suggest, while the US president needs to find a way to control spending on healthcare.Heavy borrowing and spending … Read more
UK Full Expensing: Understanding UK Capital Allowances Policy Skip to content Home • Blog • Understanding Full Expensing in the United Kingdom United Kingdom is nearing snap elections on July 4, 2024, and taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the … Read more
June 20, 2024 Click for PDF Moore v. United States, No. 22-800 – Decided June 20, 2024 Today, in a case widely seen as a test of Congress’s ability to enact wealth taxes, the Supreme Court held narrowly that Congress did not violate the Sixteenth Amendment by requiring U.S. shareholders to pay a one-time tax on … Read more
New Delhi, Jun 18, 2024, IANS New Delhi, June 18 (IANS) Apex business chamber Confederation of Indian Industry (CII) has in its wish list for the Union Budget 2024-2025 urged the government to maintain corporate tax rates at current levels to provide tax certainty for businesses. “Industry deeply appreciates the government’s move to maintain stability … Read more
Apex business chamber Confederation of Indian Industry (CII) has in its wish list for the Union Budget 2024-2025 urged the government to maintain corporate tax rates at current levels to provide tax certainty for businesses. “Industry deeply appreciates the government’s move to maintain stability in tax rates despite the tumultuous economic and political developments in … Read more