At the press briefing announcing the latest exchequer returns on Wednesday, the Department of Finance’s chief economist, John McCarthy, said his department estimated that about 50 per cent of the State’s €24 billion annual corporate tax take could be classified as “windfall” and potentially “non-recurring”.That means we’re accruing €12 billion in business tax receipts that … Read more
It all seemed too good to be true: a global campaign to stamp out tax avoidance and harmonize international tax rules for companies that operate across national borders.At the forefront of the transparency drive is a minimum tax rate for multinational corporations, no matter where they operate. No more exploiting tax loopholes and shifting profits to countries with … Read more
Facing a deadline just days away, New Jersey lawmakers Wednesday night introduced and quickly began approving a record new $56.6 billion state budget that’s backed by a new tax hike on large companies, adds some funding for property-tax relief, and includes big spending on public schools and pensions.But Democratic leaders once again faced objections from … Read more
AdobeStock / NongAsimo The new capital gains inclusion rate requires mutual funds to make an important choice. Mutual fund trusts and corporations — including ETFs — can flow out their capital gains to fund holders, and this year they must decide how to do so. The fund industry “was largely expecting this type of election … Read more
A corporate employee’s candid reflections on the toll of modern work culture have resonated with numerous individuals online. The woman’s post on social media platform X (formerly Twitter), encapsulating the exhaustion and lack of personal fulfilment felt by countless workers, has ignited extensive debate on social media regarding the trade-off between productivity and personal well-being. … Read more
Politics / June 25, 2024 Yes, they disagree on Gaza. But the Democratic primary rivals are also far apart when it comes to taxing billionaires and multinational corporations. Ad Policy Jamaal Bowman and George Latimer during a debate on May 13, 2024.(News12) Media coverage of Tuesday’s Democratic primary battle between US Rep. Jamaal Bowman—the progressive … Read more
EASTERN OREGON — A new ballot initiative aims to raise corporate taxes to provide every Oregon resident with an annual $750 rebate. Known as Initiative Petition 17 (IP 17), this measure has garnered 135,723 signatures as of June 14, surpassing the required 117,173 signatures needed to make it onto the November ballot. However, these signatures … Read more
Israeli army forces strapped a wounded Palestinian man to the hood of a military jeep during an arrest raid in the occupied West Bank city of Jenin on Saturday. A video circulating on social media and verified by Reuters showed a Palestinian resident of Jenin, Mujahed Azmi, on the jeep that passes through two ambulances. … Read more
Finance Minister Nirmala Sitharaman is reportedly mulling significant relief for India’s lower-income earners with tax cuts for the first time in seven years. The tax cuts are believed to be part of a consumption-boosting package worth nearly $6 billion in the upcoming Budget, a Bloomberg report has claimed. Related Articles The move will reportedly benefit … Read more
NBC — Former President Donald Trump on Tuesday said that business executives and shareholder representatives should “be 100% behind” him or face termination.“Business Executives and Shareholder Representatives should be 100% behind Donald Trump! Anybody that’s not should be FIRED for incompetence!,” the former president wrote in a post on his social media website, Truth Social.His … Read more