HMRC collected £95.2 billion in business taxes in the last tax year – Accountancy Age
Fact: £95.2 billion was collected in business taxes from April 2023 to March 2024.
money
European Commission rebukes Cyprus over money laundering
Fact: The EU Commission sent a reasoned opinion to Cyprus for failing to correctly incorporate EU legislation covering money laundering and financial interests.
PepsiCo, ’s results beat as international demand, higher prices drive growth
PepsiCo beat Wall Street expectations for first-quarter revenue and profit due to strong demand for its sodas and snacks in international markets, while experiencing a slowdown in the United States.
Taxes should not wag the tail of the investment dog, but that’s what Trudeau wants
The Canadian federal budget includes a proposal to increase the capital gains inclusion rate to 66.7% from 50% for dispositions effective after June 24, 2024.
Long-awaited aid to Ukraine, Israel, Taiwan poised to pass US Congress
The U.S. Senate is set to approve billions of dollars in foreign aid for Ukraine, Israel, and Taiwan this week, following the House of Representatives’ approval of the assistance in a rare Saturday session. The package includes billion for Ukraine, billion for Israel, .12 billion to counter communist China in the Indo-Pacific, and potential measures such as a ban on TikTok. The aid is expected to pass the Senate and be signed into law by President Joe Biden, allowing for the quick delivery of military assistance to Ukraine.
Direct tax collections shoot past budget target by Rs 1.35 lakh cr in 2023-24 – Greater Kashmir
The net direct tax collections for the financial year 2023-24 exceeded the Union Budget Estimates by Rs 1.35 lakh crore or 7.4%, reaching Rs 19.58 lakh crore.
TurboTax Maker Puts a Pink Spin on Exploitative Financial Products
Intuit, the maker of TurboTax, recently launched a campaign branding itself as a feminist company.
US regional banks seen booking more commercial property losses, loan sales
US regional banks are expected to set aside more money to cover potential commercial real estate (CRE) losses and sell more property loans as the sector remains under pressure a year after the collapse of Silicon Valley Bank and Signature Bank.
Don Wooten: Taxes are dues we pay to be part of this society
The author, Don Wooten, reflects on his attitude towards paying taxes and the importance of contributing to society through taxes. He mentions his belief that taxes are necessary for the common good and expresses a willingness to pay them, despite some frustrations with how tax money is sometimes used.
Workers living in fear of being deported
Fact: A young Bangladesian man who was recently deported from Cyprus had good English and basic Greek skills and had been gainfully employed for years.