income

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

by
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

Every Oregonian could receive $750 a year with new ballot measure – Elkhorn Media Group

by
Every Oregonian could receive $750 a year with new ballot measure - Elkhorn Media Group

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

Lawmakers propose windfall profits tax on companies inflating prices

by
Lawmakers propose windfall profits tax on companies inflating prices

Sen. Bernie Sanders, I-Vermont, and Ed Markey, D-Massachusetts, are introducing legislation in the Senate to impose a 95% windfall tax on the excess profits of large corporations that are overcharging for the products they sell.The Ending Corporate Greed Act would have raised an estimated $300 billion in 2023 from 10 of the largest corporations alone. … Read more

​Analysis Shows How Surging Stock Buybacks Bolster Case for Corporate Tax Hike​ | Common Dreams

by
​Analysis Shows How Surging Stock Buybacks Bolster Case for Corporate Tax Hike​ | Common Dreams

With a battle over congressional Republicans and former U.S. President Donald Trump’s 2017 tax law brewing, a progressive think tank on Monday published an analysis that points to the surge in stock buybacks as proof that federal policymakers should raise the corporate tax rate. When Trump—the presumptive GOP nominee to challenge President Joe Biden in … Read more

Should There Be A “T” In ESG?

by
Should There Be A “T” In ESG?

A recent paper in the Vanderbilt Law Review raised a fascinating question about the growing links between corporate tax policy and environmental, social and governance (ESG) strategy. As new global regulations like the Corporate Sustainability Reporting Directive (CSRD) and the Corporate Sustainability Due Diligence Directive (CSDDD) start requiring corporations to disclose more detail than ever … Read more

The European Union’s ViDA Proposal: Ignoring Principles Does Not Make Tax Policy Fairer

by
The European Union’s ViDA Proposal: Ignoring Principles Does Not Make Tax Policy Fairer

EU VAT in the Digital Age (ViDA) Proposal | Tax Foundation Europe Skip to content Home • Blog • The European Union’s ViDA Proposal: Ignoring Principles Does Not Make Tax Policy Fairer discuss the EU’s VAT in the digital age (ViDA) proposal once again after Estonia’s veto on 14 May. The updated ViDA proposal, published … Read more

SCOTUS Rejects Expansion of Trump’s Corporate Tax Cuts, Leaves Broader Tax Questions for Another Day

by
SCOTUS Rejects Expansion of Trump’s Corporate Tax Cuts, Leaves Broader Tax Questions for Another Day

June 20, 2024 June 20, 2024 Today, seven of the nine justices on the U.S. Supreme Court upheld the constitutionality of a tax on offshore corporate profits that was one of the few significant revenue-raisers in the Trump tax law. If the Court had agreed with the plaintiffs in the case — as well as … Read more

Supreme Court upholds Biden-backed tax on foreign corporate investments – Washington Examiner

by
Supreme Court upholds Biden-backed tax on foreign corporate investments - Washington Examiner

The Supreme Court on Thursday rejected a challenge to the constitutionality of taxation on foreign income in a case backed by business and anti-regulatory interests who said the provision was similar to a “wealth tax.” The 7-2 decision by Justice Brett Kavanaugh upheld the mandatory repatriation tax, siding with the Biden administration to uphold the provision of the 2017 … Read more

Supreme Court upholds US tax on foreign business income

by
Supreme Court upholds US tax on foreign business income

(June 21): The US Supreme Court upheld a 2017 tax on American-owned businesses’ foreign profits, rejecting an appeal that could have saved companies hundreds of billions of dollars.Voting 7-2, the justices said Congress has the constitutional power to tax people and companies on their share of undistributed corporate income, at least when it comes to … Read more

Investments on the rise in healthcare

by
Investments on the rise in healthcare

In small economies such as Cyprus, investment opportunities are limited, especially those which can produce reasonable returns in relation to the risk involved. Due to the introduction of the general public health system, various groups of investors (including foreign ones) have turned their interest towards health related projects, either as healthcare centres or simply as … Read more