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New parents could get $6,000 for the first year of their child’s life and a restored child tax credit under Kamala Harris’ economic plan

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New parents could get $6,000 for the first year of their child's life and a restored child tax credit under Kamala Harris' economic plan

Economy New parents could get $6,000 for the first year of their child’s life and a restored child tax credit under Kamala Harris’ economic plan Ayelet Sheffey and Juliana Kaplan 2024-08-16T14:33:04Z Share icon An curved arrow pointing right. Share Facebook Icon The letter F. Facebook Email icon An envelope. It indicates the ability to send … Read more

The 10 blockbuster companies behind Ireland’s corporate tax windfall

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The 10 blockbuster companies behind Ireland’s corporate tax windfall

Despite repeated warnings about the potential once-off nature of corporation tax receipts and the concentration risk of having so few firms paying the bulk of the money, Ireland continues to hit the business tax jackpot.Revenue from the tax swelled to a record €23.8 billion last year, almost six times the amount garnered in 2014. It … Read more

Tax defaults in India skyrocket by 1000% over last 10 years, litigations double: Report

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Tax defaults in India skyrocket by 1000% over last 10 years, litigations double: Report

ByHT News Desk Aug 04, 2024 07:56 PM IST Share Via Copy Link Corporate taxes formed a large bulk of the defaults, adding up to ₹3.97 lakh crore and capital gains tax and transfer pricing defaults was ₹4.81 lakh crore. Tax defaults in India have skyrocketed by 1000% in the last ten years and litigation … Read more

Five Tax Takeaways from 2024 State Legislative Sessions 

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Five Tax Takeaways from 2024 State Legislative Sessions 

July 18, 2024 July 18, 2024 State lawmakers across the country navigated budget challenges and slowing revenue growth in 2024. This challenge was made worse by the winding down of temporary federal pandemic aid, coinciding with deep, permanent tax cuts. The impact of those tax cuts becomes clearer as they weigh on the ability of … Read more

Where does JD Vance stand on taxes? Everything you need to know

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Where does JD Vance stand on taxes? Everything you need to know

Trump is keen to lower corporate taxes. Not all his GOP colleagues are on board.

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Trump is keen to lower corporate taxes. Not all his GOP colleagues are on board.

Republicans are united around Donald Trump as their nominee, but where they are still divided is what to do about the 21% federal corporate tax rate if they control Washington next year.Some are pushing for a corporate rate as low as 15%. Others have signaled a willingness to accept an increase up to 25%. Donald … Read more

Stocks likely to benefit from Labour victory

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Stocks likely to benefit from Labour victory

Stocks in certain sectors are likely to see notable benefits if Sir Keir Starmer’s Labour party wins in the July 4 elections, as anticipated, according to the CEO of a leading advisory and asset management group. Three in particular stand out as key winners of a Labour win, said Nigel Green, CEO of deVere Group. “While … Read more

What will the presidential election mean for corporate taxes?

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What will the presidential election mean for corporate taxes?

The outcome of the 2024 presidential election will trigger a “colossal multi-trillion-dollar fight over taxes,” said Semafor. Big chunks of Donald Trump’s 2017 tax cut law will expire in 2025, giving whoever wins the election — both the White House and Congress — “the opportunity to rewrite much of the IRS code.” Trump hasn’t officially … Read more

Samsung chief Lee discusses cooperation with Meta, Amazon and Qualcomm

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Samsung chief Lee discusses cooperation with Meta, Amazon and Qualcomm

Samsung Electronics (005930.KS) said on Thursday its chairman met with the heads of Meta (META.O), Qualcomm (QCOM.O) and Amazon (AMZN.O) this week to discuss cooperation and that topics included artificial intelligence, cloud services and chips.Meta’s Mark Zuckerberg invited Jay Y. Lee to his home on Tuesday and their discussions spanned AI as well as virtual … Read more

Last-gasp winner sees Portugal through to u17 Euros final

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Last-gasp winner sees Portugal through to u17 Euros final

Portugal turned a 2-1 deficit into a dramatic 3-2 victory over Serbia in the Uefa under 17 championship final.