Crucial debate set for House on Corporate Income Tax agency

Crucial debate set for House on Corporate Income Tax agency

Created: Jul 19, 2024 07:25 AM The creation of a new tax agency to deal with the upcoming Corporate Income Tax is to go before MPs today in the House of Assembly.A long debate can be expected over the momentous legislation, which includes the penalty of a $100,000 fine and up to two years’ imprisonment … Read more

Trump details in depth his economic policy: Promises more tariffs and to lower the corporate tax to 15%

Trump details in depth his economic policy: Promises more tariffs and to lower the corporate tax to 15%

Published by Verified by 16 de julio, 2024 Until today, beyond his usual promises that he will make “America great again,” former President Donald Trump was very cautious about revealing his economic policy for a potential second term. But now we do have a clearer idea: if he beats Joe Biden in November, the most … Read more

Trump 2.0: Trump promises to cut corporate tax rate to 15% if elected as US President

Trump 2.0: Trump promises to cut corporate tax rate to 15% if elected as US President

Donald Trump reduced the corporate tax rate from 28% to 21% during his previous presidency and intends to further reduce it to 15% if elected again this year. Now, Trump proposes lowering the corporate tax rate to 15%, potentially cutting the US corporate tax rate by nearly half.In a wide-ranging interview on business and the … Read more

Tax cuts worth €500 million unveiled for 2025

Tax cuts worth €500 million unveiled for 2025

Finance Minister Gilles Roth has unveiled details of a package of tax cuts that will cost the state around €500 million a year from 2025, including reductions to personal and corporate taxes, tax credits for single parents and financial incentives for expats.The government has approved plans to adjust tax brackets by 2.5 indexations or 6.4% … Read more

GeTtin’ SALTy Episode 32 | A Conversation with the Tax Foundation about Oregon Initiative Petition 17 [Podcast]

GeTtin' SALTy Episode 32 | A Conversation with the Tax Foundation about Oregon Initiative Petition 17 [Podcast]

In this episode of GeTin’ SALTy, host Nikki Dobay is once again joined by Jared Walczak, vice president of state projects at the Tax Foundation, for a discussion of an Oregon ballot measure (IP17) that is on the verge of qualifying for the November election. If passed by voters, IP17 would amend Oregon’s Corporate Minimum tax by … Read more

Business community highlights the economic impact of recent tax reforms in Kentucky – The Bottom Line

Business community highlights the economic impact of recent tax reforms in Kentucky - The Bottom Line

As Kentucky looks to grow its economy, the business community has successfully advocated for many priorities to create a more competitive tax system to help the state become more attractive for businesses and workers.  Dr. Charles Aull, Executive Director for the Kentucky Chamber Center for Policy and Research, and Kevin Fuqua, CPA, Regional Service Tax … Read more

WTI recovers to $80 on declining US oil stockpiles

WTI recovers to $80 on declining US oil stockpiles

West Texas Intermediate (WTI) recovered its intraday losses, trading around $80.00 per barrel in European markets on Wednesday. The decline in the US Dollar contributed support for the crude demand, underpinning the oil prices. Additionally, the oil price has support due to the declining U.S. stockpiles, the world’s largest oil producer and consumer. The American … Read more

‘Economic nationalism’ at the RNC clashes with Trump’s pitch to donors

‘Economic nationalism’ at the RNC clashes with Trump’s pitch to donors

MILWAUKEE — Former president Donald Trump is trying to present a more worker-friendly vision of the Republican Party at this week’s convention, but he has continued to make clear in private that he views himself as the best choice for billionaires and big business, according to donors who have attended fundraising events.Even as Trump leans … Read more

3 big takeaways from Donald Trump’s new interview on the economy

3 big takeaways from Donald Trump's new interview on the economy

Just days before he met with President Joe Biden for a face-to-face debate in June, Donald Trump sat down for an interview with Bloomberg Businessweek. The former president spoke about his views on everything from green energy and diet coke to foreign policy and his tax plan. He also floated JPMorgan Chase CEO Jamie Dimon … Read more

PwC seeks extension of 15% corporate tax for new units

PwC seeks extension of 15% corporate tax for new units

PwC India has recommended the government extend the concessional corporate tax rate of 15% (ended in FY24) for new manufacturing units for a period of at least five years, to boost domestic manufacturing, and foster import substitution. This is a key ask of industry which the Centre should consider for the full Budget, PwC partners … Read more