Even with control of the White House and Congress up in the air, lawmakers and lobbyists are gearing up for a big debate next year over expiring measures in former President Donald Trump’s tax law. President Biden’s decision not to seek re-election is upending expectations about who will control Washington next year. But there is … Read more
A new China tax incentive aims to encourage companies to invest in digital and smart upgrades of special equipment. Companies upgrading certain equipment that aids environmental protection and safe production can enjoy a deduction of the investment at a rate of 10 percent from their corporate income tax payable. We explain the requirements of the … Read more
A lot of investment has been undertaken for touristic development ranging from hotels to quality places of entertainment and even more important addressing the upgrading of staff, food and service. Previous years with the tourist arrivals have been increasing by approximately 8% p.a. and this, coupled with the planning relaxation given by the then Government, … Read more
The taxation policy in the Philippines is chiefly governed by the following Republic Acts: The Corporate Recovery and Tax Incentives for Enterprises Act (CREATE Act) Tax Reform for Acceleration and Inclusion (TRAIN) Law Article VI, Section 28 of the Constitution; The National Internal Revenue Code; and Local Government Code of 1991. Tax structure The country … Read more
Tyson chicken barns in West Tennessee on April 21, 2021. (Photo: John Partipilo) They’re scattered across the rural Tennessee landscape: blue-sided barns stretching the length of five U.S. football fields, clustered together in groups numbering as few as three to as many as 20. Each of Tennessee’s nearly 2,200 industrial chicken barns produce about 200,000 … Read more
Primary pupils were sent home early on Friday, as soaring temperatures reached a high of 45 degrees Celsius, and most public schools are not well equipped to handle the scorching heat. The Ministry of Education ordered all state schools to close early after a red alert was jointly issued by the Health Ministry, the Labour … Read more
A fire that broke out just before midnight on Thursday in Paphos, between Kelokedara and Trachypedoula villages, is “manageable”, with residents saying last night was “nightmarish”.At 1am Trachypedoula, about 20km from Pissouri, was evacuated and the residents, assisted by civil defence, were taken to the village square for safety. They later returned home. At 5.30am … Read more
Election staff in Cyprus endured sweltering conditions on Sunday as a heatwave sent temperatures soaring at polling stations without air conditioning during the twin parliamentary and municipal polls. Philenews received multiple complaints from polling centre workers reporting unbearable situations, with some feeling dizzy after long hours at hot school classrooms used as voting venues. “We … Read more
(Bloomberg) — New York lawmakers are scrambling to come up with a funding source to help plug a $1 billion-a-year hole created by Governor Kathy Hochul’s surprise decision Wednesday to halt a congestion pricing plan that would have funded vital transit infrastructure improvements.Lawmakers late Thursday scrapped a last-ditch plan to raise taxes on New York … Read more
THE BIGGEST news story over last few days has been that it was very hot. As if anyone in Kyproulla had not felt the scorching heat and had to be informed about it by continuous reports and updates from the media.OK, it was the highest ever temperature recorded in early June, but what more is … Read more