Abstract This paper offers a comprehensive analysis of Spain’s corporate tax system through the lens of the Laffer curve and Buoyancy index, assessing its efficiency in generating revenue. The study finds that Spain is nearing the Laffer curve’s optimal tax rate, beyond which tax revenue may decrease with rate hikes. The Buoyancy index reveals a … Read more
A recent report by the Thomson Reuters Institute illustrates how corporate tax departments are preparing to mitigate the obstacles brought by Brazil’s recent tax reform plan and ensure a seamless transition for their organizations The tax system in Brazil has been complex and challenging for businesses and individuals alike. So, to address this issue, the … Read more
Updated: Jul 22, 2024 07:53 AM Questions: Scott Pearman, of the One Bermuda Alliance (File photograph)Legislation that will create an agency to administer the collection of corporate income tax was passed in the House of Assembly on Friday.The Corporate Income Tax Agency Act 2024 will give the agency powers to ensure compliance and “prosecute any … 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
New Delhi: The Budget at a glance establishes that the share of government revenue from income tax (tax on individuals) at 19% is more than what corporates have contributed (17%). Advertisement <!– This follows from taxes foregone five years ago, when corporates were given a tax break. <!– The corporate tax-rate cut was meant to be … Read more
New Delhi [India], July 15 (ANI): Personal income tax has become the largest revenue category for the Indian government, surpassing both corporate tax and GST, according to the Anand Rathi report. While GST, corporate tax, and personal income tax each now account for nearly 30 per cent of gross tax collection, their trajectories have varied … Read more
here. Despite the fact that the thermometer still reads summer, fall is creeping closer. According to the National Retail Federation, one in five (22%) back-to-school shoppers have already started gearing up for the 2024-25 school year (you can count me as one of them). However, with above-average prices in stores and online, those shoppers are … Read more
Congress leader Jairam Ramesh targeted the Bharatiya Janata Party-led Centre on Sunday, over the recent tax collection data, and said that individuals are paying more tax than companies, and the middle class is bearing the weight of heavy taxation while Rs 2 lakh crore has been put in “pockets of billionaires” due to slashing of … Read more
The Congress party on Sunday said that personal income tax collections have far surpassed corporate tax collections. They have vehemently accused the government of allowing billionaires to benefit from over Rs 2 lakh crore in tax cuts, while the middle class continues to endure high taxation.This criticism came a day after data from the Central … Read more
NEW DELHI: With the personal income tax collections exceeding the corporate tax collections, the Congress alleged on Sunday that the corporate tax cut has put over Rs 2 lakh crore in the “pockets of billionaires,” while the middle class continues to bear the weight of heavy taxation.The opposition party’s attack on the government came a … Read more