More than half of former President Donald Trump’s flagship policy proposals are unpopular with voters, according to a recent poll.Abolishing the Department of Education, cutting corporate taxes and giving the president more control over the civil service and independent federal agencies were amongst the least popular elements of Trump’s so-called Agenda 47. Only nine out … Read more
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
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
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
WASHINGTON, D.C. — The Department of the Treasury and the Internal Revenue Service (IRS) recenlty issued final regulations detailing how corporations should report and pay the new 1 percent excise tax on stock repurchases. This tax was introduced by the Inflation Reduction Act and applies to stock repurchases made after December 31, 2022. The new … Read more
[co author: Dennard Small] House Bill 4087* (H.4087) advances income tax credits for corporate headquarters, recycling facilities, job development and retraining by amending the South Carolina Code of Laws to update portions of the South Carolina Income Tax Act and the Enterprise Zone Act of 1995. The primary objectives of this bill include: expanding the … Read more
The concept of integration is that income earned within a corporation should be somewhat equal to income earned personally, once dividends have been paid out of the corporation. Said another way, integration essentially attempts to make the combined income taxes paid by the corporation and the owner on income earned through the corporation to be … Read more
It cannot be stressed enough that the corporation as a taxpaying entity is a fiction. And the previous assertion should in no way be construed as a suggestion that corporations pay no taxes. Quite the opposite. At the same time, this write-up’s opening line is just a comment that shareholders pay all corporate taxes, which … Read more
First Vice Finance Minister Kim Byoung-hwan, nominee for chairman of the Financial Services Commission (FSC), speaks to reporters during a press conference held at his temporary office in central Seoul, Friday. YonhapNominee shows confidence in Corporate Value-up ProgramBy Anna J. ParkThe nominee for the head of the Financial Services Commission (FSC), Korea’s top financial regulator, … Read more
Governor Phil Murphy signed the new $56.6 billion state budget for New Jersey, which includes a significant tax increase on large corporations and substantial funding for property tax relief, public schools, pensions, and community projects. Key Takeaways: The budget introduces a 2.5% tax on large companies to fund NJ Transit, making New Jersey’s business taxes … Read more