GUILFORD, CT — A Guilford business owner this week pleaded guilty to a federal tax offense officials say stemmed from her failure to pay business payroll taxes.Michelle Ann Gilson, 38, appeared before U.S. District Judge Vernon D. Oliver in Hartford on Thursday and pleaded guilty to one count of willful failure to pay over withholding … Read more
BEAT Overview The base erosion and anti-abuse tax (BEAT) is a minimum tax (5% in 2018, 10% in 2019 to 2025 and 12.5% after 2025) imposed on applicable taxpayers that make certain base erosion payments to foreign related parties. This tax is in addition to a corporation’s regular income tax liability. Corporations that average at … 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
Debate beat: New Rules Helped Trump “Staged by CNN in an audience-free soundstage in which even competing reporters were banned, the Biden-Trump debate had more ground rules than an Ultimate Fighting match,” grumbles Politico’s Jack Shafer. In advance of the debate, “many assumed that these new rules would hurt Trump” given that “he feeds off live … Read more
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
EU VAT in the Digital Age (ViDA) Proposal | Tax Foundation Europe Skip to content Home • Blog • The European Union’s ViDA Proposal: Ignoring Principles Does Not Make Tax Policy Fairer discuss the EU’s VAT in the digital age (ViDA) proposal once again after Estonia’s veto on 14 May. The updated ViDA proposal, published … Read more
In small economies such as Cyprus, investment opportunities are limited, especially those which can produce reasonable returns in relation to the risk involved. Due to the introduction of the general public health system, various groups of investors (including foreign ones) have turned their interest towards health related projects, either as healthcare centres or simply as … Read more
Hometown Life Staff | Hometownlife.comDETROIT — A Northville man is facing more than a dozen tax-related federal charges for failing to accurately report income and collect various taxes for a Detroit-based company he operated.Ali Kassem Kain, of Northville, who operated a transportation business that arranged for automobiles to be shipped abroad, appeared in court Wednesday … Read more
Israeli Simon Mistriel Aykut, the director of Afik Group, a property developer in the north, will remain in custody for an additional six days, as decided by the Nicosia District Court on Thursday.Aykut, 73, who holds both Israeli and Portuguese passports, faces charges related to a €1 billion development project in Trikomo on Greek Cypriot … Read more
The Tiruchi Corporation has decided to implement UPI to collect taxes, fines and other charges from the tax payers and citizens. Property tax, professional tax, water charges, underground drainage user charges and cable television fee are among the major sources of revenue of the Corporation.In addition to them, it generates revenue from commercial ventures such … Read more