Gov. Sarah Sanders signed into law Wednesday (June 19) a series of significant tax cuts that will result in personal and corporate taxes falling by a half-percent at the top income rates. The highest personal income tax rate has been dropped from 4.4% to 3.9% and the top corporate tax rate from 4.8% to 4.3%. … Read more
PORTLAND, Ore. — An Oregon ballot initiative wants to raise corporate taxes in order to help put more money in every Oregonian’s wallet – money that’s non-taxable and doesn’t affect income benefits. If passed, the income program would give every resident in the state, including children, an estimated $750 annually from corporate taxes.The idea is … Read more
The Arkansas House and Senate on Tuesday each passed its version of two identical bills that seek to cut income taxes, setting up the conclusion of a special legislative session on Wednesday. The legislation would lower the top corporate income tax rate from 4.8% to 4.3% and the top individual income tax rate from 4.4% … Read more
A pedestrian leaves the entrance of the headquarters of the Federal Board of Revenue (FBR) building in Islamabad — AFP/File Focus on growth, not taxes. Vietnam’s standard corporate tax rate is 20 per cent and preferential tax rates are as low as 10 per cent, depending on factors like investment size and location. High-tech enterprises … Read more
Sharon Basch is a rising 3L at the University of Pittsburgh School of Law and a JURIST staff correspondent in Washington DC this summer. Wednesday morning I attended a US Senate Budget Committee hearing entitled “Making Wall Street Pay its Fair Share: Raising Revenue, Strengthening Our Economy.” The hearing was called to discuss tax policy and … Read more
Since Sunday evening, we have all been reading a great deal about the electoral success of a young man who managed to secure one of the six seats in the European Parliament. Some have described it as a punishment for the political system, while others have called it a form of ‘revolution’ by the electorate. … Read more
If you are a small employer, there is a tax credit that can put money in your pocket.The small business health care tax credit benefits employers that: Have fewer than 25 full-time equivalent employees Pay average wages of less than $50,000 a year per full-time equivalent (indexed annually for inflation beginning in 2014) For tax … Read more
By Naeem Aslam European and US futures are trading with extreme caution on Wednesday as traders are reluctant to make any big moves ahead of two important events. Observing the day’s price action reveals a tense atmosphere, because the US CPI report and the Fed’s monetary policy decision, followed by their press conference, are … Read more
Michael Welu worked at the IRS for decades as a specialist in helping agents identify and investigate possible tax crimes. In an agency known for offices working in their own silos, Welu had the rare ability to move between divisions, dissecting and learning each office’s particular customs and procedures. But that experience had its own … Read more
An Asian elephant gave birth to twins in Thailand (image above, AFP), a rare event for this endangered species, after a perilous birth that injured a caregiver. Eighteen minutes after an 80-kilogramme male was born on Friday night, a 60-kilogram female elephant was born, and the mother, Pangjamjuri, suffered a nervous breakdown. A member of … Read more