Companies

How Does the TCJA Sunset Affect Business Taxation Going Forward | JD Supra

by
How Does the TCJA Sunset Affect Business Taxation Going Forward | JD Supra

– The Tax Cuts and Jobs Act (TCJA) has important segments scheduled to expire on December 31, 2025.
– The US corporate tax rate was reduced from 35% to 21% and is not scheduled to sunset.
– The Qualified Business Income (QBI) Deduction of 20% for passthrough entities is scheduled to end in 2025.
– Bonus depreciation deductions are scheduled to decrease over the years and eventually sunset.
– The TCJA repealed the Alternative Minimum Tax (AMT) for corporations.
– It is important to consult a tax attorney for domestic and international tax planning for corporate entities post-2025.
– The Corporate Transparency Act requires small corporate entities to disclose ownership interests.
– Congressional decisions on QBI deductions and AMT may be impacted by reporting requirements under the Corporate Transparency Act.

Samsung Electronics, SK hynix Report Zero Corporate Taxes – Here’s Why

by
Samsung Electronics, SK hynix Report Zero Corporate Taxes – Here’s Why

Samsung Electronics and SK hynix did not pay corporate taxes last year due to operating losses caused by the semiconductor industry downturn.

Tennessee lawmakers still at odds over business tax cut as session enters final days • Tennessee Lookout

by
Tennessee lawmakers still at odds over business tax cut as session enters final days • Tennessee Lookout

House and Senate lawmakers are still in disagreement over Tennessee Gov. Bill Lee’s .9 billion business tax cut proposal. The sticking points include how many years of refunds to give and a requirement in the House version for the revenue department to disclose the names and amounts of refunds companies receive. Both versions would eliminate the property portion of the state’s franchise tax, resulting in 0 million in annual lost revenue for the state. The Senate passed a version similar to Lee’s proposal, offering three years of refunds without requiring disclosure of recipients. The House version offers 1-2 years of refunds and includes the disclosure requirement. The conference committee is working to resolve the differences between the two versions.

Fixed yields attract investors ahead of rate cuts

by
Fixed yields attract investors ahead of rate cuts

Investors are rushing into fixed yield opportunities before interest rates are cut, as central banks signal looser monetary policies due to cooling inflation.

Cyprus travel expo attracts more than 10,000 visitors

by
Cyprus travel expo attracts more than 10,000 visitors

The 25th edition of the Travel Expo Cyprus welcomed over 10,000 visitors at the Cyprus state fair grounds.

Murphy wants corporate tax to help NJ Transit, but business leaders say raise sales tax

by
Murphy wants corporate tax to help NJ Transit, but business leaders say raise sales tax

NJ Transit’s board approved a fare increase of 15% on July 1 and 3% every year after that.

Plunge in tech stocks a golden opportunity?

by
Plunge in tech stocks a golden opportunity?

The text discusses the recent drop in Nvidia’s share price and the broader stock market, which is causing concern among investors. Despite the short-term fluctuations, the long-term trajectory for artificial intelligence remains positive. The current dip in tech stocks presents a buying opportunity for investors looking to position themselves strategically for the future. The CEO of deVere Group emphasizes the intrinsic value of tech stocks, particularly in AI, and encourages investors to capitalize on the disconnect between short-term market sentiment and long-term industry fundamentals.

Laiko Cosmos Trading, ISK host second Asian culinary event

by
Laiko Cosmos Trading, ISK host second Asian culinary event

The Asian Cuisine Masterclass by Laiko Cosmos Trading and ISK Far East Food Ltd was successfully held for a second consecutive year at the University of Nicosia. Over 120 professionals from well-known restaurants and hotels in Cyprus attended the event to learn about new trends, recipes, and techniques in Asian cuisine presented by renowned Kikkoman and Dee Thai chefs. Chef Petros Gavriel presented an honorary plaque to Kikkoman and Ana Mijic for their contribution to the Cyprus national cooking teams.

As plastic treaty talks open, countries more divided than ever

by
As plastic treaty talks open, countries more divided than ever

Countries are facing tense negotiations in Canada over a global plastics treaty that could be a significant pact to address climate emissions. Plastics production contributes to climate emissions and could increase unless limited. Delegates are divided over including production limits and banning certain chemicals in the treaty. The U.S. wants the treaty to be ambitious, while some countries argue for global measures and targets.