government

Oakland City Workers Criticize Administration Over Uncollected Business Taxes | KQED

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Oakland City Workers Criticize Administration Over Uncollected Business Taxes | KQED

– The rally was held prior to the city’s Finance and Management Committee meeting
– City Councilmember Rebecca Kaplan stated that the issue involves businesses that have filed tax documents with the city and those that haven’t
– Kaplan believes that tracking down businesses that don’t file tax documents is crucial for generating tax revenue
– Council President Nikki Fortunato Bas emphasized the importance of revenue collection for the city’s fiscal health
– Union leaders are demanding action and accountability from the City Administration to ensure corporations pay their fair share
– City officials acknowledge the need to modernize tax collection processes
– The estimated amount of uncollected taxes represents less than 1% of the city’s overall budget
– The city’s initial calculation of total business taxes owed is based on annual “gross receipts” estimates provided by businesses
– A ransomware attack delayed the city’s ability to collect taxes in 2023.

Betsafe joins firms exiting Kenya on increasing taxes

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Betsafe joins firms exiting Kenya on increasing taxes

Betsafe has exited the Kenyan market due to increased taxation, rendering its employees jobless.

Tatar slams Holguin: , ‘she has no right to provoke’

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Tatar slams Holguin: , ‘she has no right to provoke’

The fact described in the text is that UNSG envoy Maria Angela Holguin and Turkish Cypriot leader Ersin Tatar both publicly expressed grievances against each other, with Tatar refusing to agree to a trilateral meeting and criticizing Holguin’s approach to the Cyprus problem.

Judge struggles to find jurors for US Senator Menendez, ’s corruption trial

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Judge struggles to find jurors for US Senator Menendez, ’s corruption trial

The judge overseeing U.S. Senator Robert Menendez’s corruption trial struggled to find impartial jurors due to bias towards law enforcement and cooperating government witnesses.

Business tax incentives, tax reform top of budget wishlist

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Business tax incentives, tax reform top of budget wishlist

Accounting firms and associations are emphasizing the importance of addressing the rising cost of business and undertaking tax reform ahead of the federal budget release. RSM Australia is advocating for the permanent incorporation of business loss carry back offset rules into Australia’s income tax regime to encourage investment and bolster business resilience.

Does Your State Have a Gross Receipts Tax?

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Does Your State Have a Gross Receipts Tax?

The text discusses gross receipts taxes, which are imposed on businesses based on their gross sales before deducting operating costs. Seven states have a state-level gross receipts tax, while three allow municipalities to assess it locally. Gross receipts taxes have a long history but have fallen out of favor in recent decades. States often differentiate tax rates based on industry or revenue levels. Some states, like Nevada and Washington, have poorly structured gross receipts taxes that are legally problematic. Ohio and Oregon have recently made changes to their gross receipts taxes. Overall, the text argues that gross receipts taxes are harmful and should be replaced with a well-structured corporate income tax.

Environmental groups demand release of Akamas investigation findings

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Environmental groups demand release of Akamas investigation findings

Fact: Environmental groups are demanding the immediate publication of the final findings of an administrative investigation into illegal interventions in Akamas.

Government prepares subsidies for elderly care

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Government prepares subsidies for elderly care

The government is preparing subsidies for elderly people who require long-term care in nursing homes but face financial constraints.

MPs rush bill to extend hotel license grace period

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MPs rush bill to extend hotel license grace period

– Currently over 90 per cent of hotel businesses are not able to secure the required certificates for a full operating license.
– Lingering concerns that the bill does not include adequate provisions relating to fire safety regulations.

Parliament to amend legislation on hotel operations

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Parliament to amend legislation on hotel operations

Approximately 93% of local hotels have been rendered technically illegal due to recent legislative actions. The proposed amendment aims to address issues within the hotel industry, particularly concerning contracts with foreign tour operators and insurance companies. The amendment targets the transitional period during which hotels can operate without meeting basic law requirements. The proposed changes stipulate that hotels can operate without meeting requirements if architectural plans and necessary permissions are submitted by the end of 2024. This legislative move follows laws in 2019 that granted existing hotels a five-year grace period to comply with regulations. Deputy Minister Koumis attributed delays in license acquisition to the high number of expansions and announcements made by hotels in recent years. Koumis reassured that the proposed extension strengthens safety measures.