Budget 2024: Industry players suggest govt to simplify tax system, give relief to middle class

Budget 2024: Industry players suggest govt to simplify tax system, give relief to middle class

Image Source : INDIA TV Budget 2024 Budget 2024: In the general budget for the fiscal year 2024-25, the focus should be on providing relief to taxpayers, especially those in the lower-income group, to boost consumption, Industry leaders suggested to Finance Minister Nirmala Sitharaman. Sitharaman is set to present the full budget for 2024-25 on … Read more

Beyond connectivity, MTN’s tax contribution accelerates Africa’s growth | MTN.com

Beyond connectivity, MTN’s tax contribution accelerates Africa’s growth | MTN.com

MTN Group’s commitment to shared value in Africa extends beyond providing essential connectivity. In 2023, our total tax contribution to governments across all markets increased by more than 12% to R61.7 billion. This figure encompasses the direct corporate taxes we pay, indirect taxes, operating licence fees, payroll taxes, property rates, dividend taxes and withholding taxes. “Our … Read more

Labour must position UK as global crypto hub

Labour must position UK as global crypto hub

Having secured a landslide victory as expected in last week’s election, Labour’s Keir Starmer has a unique opportunity to reshape the UK’s financial landscape by positioning it as a global cryptocurrency hub, according to the CEO of a leading financial advisory and fintech. “To date, Starmer’s stance on crypto remains somewhat nebulous,” said Nigel Green … Read more

The NJ budget: More taxes, less transparency and why we will all pay more in 2025

The NJ budget: More taxes, less transparency and why we will all pay more in 2025

3-minute read Audrey Lane  |  Special to the USA TODAY NetworkI spent the days leading up to passage of this year’s New Jersey state budget at the Statehouse in Trenton.  It was an eye-opening and, at times, frustrating experience. Our state’s economic and fiscal policies are resulting in deficit spending, and the process surrounding those policies … Read more

Will Labour win lift UK stocks?

Will Labour win lift UK stocks?

UK equities’ support following a Labour victory driven by a temporary boost from easing political uncertainty will be limited as the expectation has already been widely priced-in by the markets. Also, for the UK’s stocks to secure robust growth and regain ground against their global peers, three critical factors must align, said the CEO of … Read more

Korea to cut ‘value-up’ taxes, double foreign professionals by 2035 to revamp growth

Korea to cut 'value-up' taxes, double foreign professionals by 2035 to revamp growth

President Yoon Suk Yeol announces the Dynamic Economy Roadmap and the Economic Policy Direction for the latter half of the year at the Blue House in central Seoul on Wednesday. [YONHAP]   The government plans to reduce corporate and inheritance taxes for companies in the “value-up program” and more than double the number of foreign … Read more

Arkansas Enacts Fourth Tax Cut in Less than Two Years

Arkansas Enacts Fourth Tax Cut in Less than Two Years

Arkansas Enacts Fourth Tax Cut in Less than Two Years Skip to content Home • Blog • Arkansas Enacts Fourth Tax Cut in Less than Two Years Arkansas Governor Sarah Huckabee Sanders (R) recently called a brief special legislative session to enact the fourth round of reductions to the Natural State’s individual and corporate income … Read more

Next UK government will face significant challenges

Next UK government will face significant challenges

Analysis: Morningstar DBRS Just a day to the UK general election on 4th July and a change in government looks imminent. The Labour party has continued to lead in the voting intention polls and if polls prove right, Labour will form the next government. After 14 years of a Conservative-led government, a change to Labour … Read more

NJBIA Testifies Against $1B Corporate Transit Tax on NJ’s Largest Job Providers

NJBIA Testifies Against $1B Corporate Transit Tax on NJ's Largest Job Providers

NJBIA President and CEO Michele Siekerka provided the following testimony to the Assembly Budget Committee on Wednesday night regarding bill A-4704/S-3513, which calls for a Corporate Transit Tax of 2.5% on New Jersey businesses with net income of $10 million, retroactive to Jan. 1, 2024, despite Gov. Phil Murphy’s prior decision to sunset a 2.5% … Read more

Committees Advance State Budget with $1 Billion Tax Hike on Corporations 

Committees Advance State Budget with $1 Billion Tax Hike on Corporations 

Over the strong objections of NJBIA and other business groups, the Senate and Assembly budget committees advanced a $56.6 billion state budget supported by a $1 billion tax increase on the business community Wednesday night.  This action sets the stage for final votes by both houses of the Legislature on Friday. Gov. Phil Murphy is … Read more