State Tax Changes Taking Effect July 1, 2024 Skip to content 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 services, goods, and activities. changes take effect on January 1, the beginning of the calendar year, for consistency … Read more
As loyal Vault readers know, the lead-up for Washington to confront the expiring Trump tax cuts at the end of 2025 is in full swing. That’s already playing out at full speed in the lobbying world, giving a hint of the frenzy to come and the money on the line next year. Big business groups are springing into … Read more
Aryna Sabalenka and Novak Djokovic advanced to the third round of the French Open. An alcohol ban was announced in the stands to control unruly fans.
– After 19 years, a court has ruled that Thanasis Nicolaou was murdered, not that he committed suicide.
Jeep Club Cy is organizing a charity march in Larnaca on Sunday May 26, 2024, with all proceeds going to the Pancyprian Association of Cancer Patients and Friends (PASYKAF).
Sales of new vehicles in Kenya fell 17.66 percent in the first quarter of 2024, the sharpest drop in seven years. This decline was attributed to increased taxation, rising interest rates, and a weakened shilling. Dealers such as Isuzu, CFAO, and Simba Corporation have been struggling in a tough operating environment, with climbing interest rates and pending bills affecting demand. The Kenya Revenue Authority also increased duty on shipping cars into the country, further impacting sales. Isuzu East Africa and CFAO Motors Kenya, which control a significant portion of new vehicle sales, experienced declines in sales, while Simba Corp saw a modest increase. The falling demand for vehicles has also affected government revenues.
Global brewers are expected to see an increase in beer sales this year, with factors like sports events, slower inflation, and weather patterns contributing to the growth. Heineken and Carlsberg have already reported higher volumes after a period of decline, while Anheuser-Busch InBev’s sales were impacted by a boycott but are expected to improve. Price increases have been the main driver of revenue growth in recent years, but with cost increases easing, volume growth is expected to become a more significant revenue driver. This shift is also expected to help improve margins for brewers.
The text discusses the concept of tall poppy syndrome, which refers to tearing down successful individuals or ventures. It also mentions Canada’s widening productivity gap, with Canadian workers producing 71% of the GDP per hour produced by U.S. peers in 2022. Additionally, the government of Prime Minister Justin Trudeau recently announced an increase in capital gains taxes.
The text discusses how business leaders are getting closer to high-tax, anti-resource Liberals.
Heineken sold more beer than expected in the first quarter, reporting its first year-on-year growth in quarterly volumes in a year.