June Net Tax Revenues Up 6.5%; Adjusted YTD Down 3.4% • The Georgia Virtue

June Net Tax Revenues Up 6.5%; Adjusted YTD Down 3.4% • The Georgia Virtue

The State of Georgia’s net tax collections in June approached a total of $3.03 billion, for an increase of $185.4 million or 6.5 percent compared to FY 2023, when net tax collections totaled $2.84 billion for the month. Year-to-date, net tax revenue totaled almost $32.95 billion, for a decrease of $182.2 million or 0.5 percent … Read more

Russia increases income taxes for the wealthy to help fund Ukraine offensive

Russia increases income taxes for the wealthy to help fund Ukraine offensive

Russian President Vladimir Putin on Friday signed a bill that raises income taxes for the rich, part of efforts to help fill government coffers depleted by the war in Ukraine. The tax hikes were being presented domestically as “systemic reforms”.  Issued on: 12/07/2024 – 18:12 2 min Advertising Read more Russian President Vladimir Putin on … Read more

Tax Breaks: Sales Taxes Take A Holiday In Some States

Tax Breaks: Sales Taxes Take A Holiday In Some States

here. Despite the fact that the thermometer still reads summer, fall is creeping closer. According to the National Retail Federation, one in five (22%) back-to-school shoppers have already started gearing up for the 2024-25 school year (you can count me as one of them). However, with above-average prices in stores and online, those shoppers are … Read more

Oregon Cannabis Unions, Higher Corporate Taxes on November Ballots? – The Corvallis Advocate

Oregon Cannabis Unions, Higher Corporate Taxes on November Ballots? - The Corvallis Advocate

Just two of the more than 50 new laws proposed by Oregonians through the ballot initiative process stand a chance at appearing before voters in November. Friday was the deadline for groups to submit the more than 100,000 petition signatures needed to give voters a chance to approve or reject ballot measures. Only two measures … Read more

The Latest on the Global Tax Agreement

The Latest on the Global Tax Agreement

Global Tax Agreement: Details & Analysis | EU Global Minimum Tax Skip to content Home • Blog • The Latest on the Global Tax Agreement See Full Timeline In recent years, countries have debated significant changes to international tax rules affecting multinational companies. In October 2021, after negotiations at the Organisation for Economic Co-Operation and … Read more

Reliable and timely tax insights with Bloomberg Tax Research – Bloomberg Tax

Reliable and timely tax insights with Bloomberg Tax Research - Bloomberg Tax

Jump right to primary sources Get unrestricted access to extensive primary source material, including Internal Revenue Code versions dating back to 1913, legislative history, state laws, comprehensive international tax treaties database, and full text of standards and regulations from the FASB, IASB, AICPA, and more.

Georgia continues healthy tax revenues coming into state coffers, increase from corporate taxes

Georgia continues healthy tax revenues coming into state coffers, increase from corporate taxes

Georgia continues to see healthy tax revenues coming into state coffers. According to Governor Brian Kemp’s office, net tax revenue for June came in at $3 billion, a 6.5% increase from June 2023.Much of that growth was driven by a nearly 32% increase in money from corporate taxes. State officials issued less in corporate tax … Read more

Trump’s Tax and Tariff Ideas: Details & Analysis

Trump’s Tax and Tariff Ideas: Details & Analysis

Trump Tax Plan 2024: Details & Analysis Skip to content Home • Blog • Trump’s Tax and Tariff Ideas: Details & Analysis Trump has not released a fully detailed taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government … Read more

Focus on advancing growth amid discussions on tax reform

Focus on advancing growth amid discussions on tax reform

As we find ourselves in a crucial period of economic transition, with positive but slowing growth, we are facing some critical policy decisions with major impacts on consumers, the retail industry and the broader economy. National Retail Federation Chief Economist Jack Kleinhenz recently highlighted that, much like in 2017, we are in a phase of waiting … Read more

France must keep bond markets on side or face Truss-style meltdown

France must keep bond markets on side or face Truss-style meltdown

French politicians need to listen to bond markets – and keep them on side – or face a potentially catastrophic ‘Liz Truss scenario’, the CEO of a leading independent financial advisory and fintech has warned. The stark warning from Nigel Green of deVere Group comes as the political chaos in France is driving the gap between French … Read more