cooperation

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

by
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

Corporate taxation in Spain: analyzing efficiency and revenue potential – Humanities and Social Sciences Communications

by
Corporate taxation in Spain: analyzing efficiency and revenue potential - Humanities and Social Sciences Communications

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

US, Germany key holdouts as G20 nations push for a plan to tax world’s billionaires – ICIJ

by
US, Germany key holdouts as G20 nations push for a plan to tax world’s billionaires - ICIJ

The world’s most influential finance leaders vowed to work together toward effectively taxing the ultrarich but stopped short of agreeing on how to do so at a meeting in Rio de Janeiro last week. In a joint declaration on Friday, finance ministers and central bankers from the Group of 20 major economies said that “ultra-high-net-worth individuals” … Read more

G20 Nations Take ‘Important Step’ Toward Fair Taxation of Ultra-Rich | Common Dreams

by
G20 Nations Take 'Important Step' Toward Fair Taxation of Ultra-Rich | Common Dreams

Despite pushback from the United States delegation, finance ministers at a meeting of the G20 countries in Rio de Janeiro on Thursday agreed on the need to develop a global taxation system in which the richest in the world are taxed at a higher rate—potentially unlocking hundreds of billions of dollars annually to help close … Read more

Trump backs a corporate tax cut, which JD Vance opposed before he became the VP pick | Semafor

by
Trump backs a corporate tax cut, which JD Vance opposed before he became the VP pick | Semafor

Former President Donald Trump said he’d support cutting the corporate tax rate to 15% from its current level of 21%, a move Sen. JD Vance said he opposed two months ago before he became Trump’s running mate.That difference reflects the difficulties in reconciling their ideologies, giving corporate America a bit of whiplash. The Ohio Republican … Read more

Budget may include implementation of global minimum corporate tax rate

by
Budget may include implementation of global minimum corporate tax rate

Budget Tax Announcements: Finance Minister Nirmala Sitharaman may declare India’s commitment to ‘Pillar 2’, aiming to implement a global minimum effective corporate tax rate of 15%, during the upcoming Budget, ToI reported. This initiative, led by the Organisation for Economic Cooperation and Development (OECD) and supported by the G20, targets multinational enterprise groups with annual … Read more

Vietnam’s Draft CIT Law: Changes to Incentives and Tax Liability

by
Vietnam’s Draft CIT Law: Changes to Incentives and Tax Liability

Vietnam’s draft Corporate Income Tax (CIT) Law proposes changes to incentive eligibility, taxation on capital transfers by foreign investors, and aims to address limitations hindering integration with international best tax practices. Investors and businesses planning market entry or expansion should closely monitor the draft CIT law’s development and prepare for potential impacts on their strategies … Read more

Will Labour win lift UK stocks?

by
Will Labour win lift UK stocks?

UK equities’ support following a Labour victory driven by a temporary boost from easing political uncertainty will be limited as the expectation has already been widely priced-in by the markets. Also, for the UK’s stocks to secure robust growth and regain ground against their global peers, three critical factors must align, said the CEO of … Read more

Korea to cut ‘value-up’ taxes, double foreign professionals by 2035 to revamp growth

by
Korea to cut 'value-up' taxes, double foreign professionals by 2035 to revamp growth

President Yoon Suk Yeol announces the Dynamic Economy Roadmap and the Economic Policy Direction for the latter half of the year at the Blue House in central Seoul on Wednesday. [YONHAP]   The government plans to reduce corporate and inheritance taxes for companies in the “value-up program” and more than double the number of foreign … Read more

FSC chair nominee calls for abolishing financial investment income tax

by
FSC chair nominee calls for abolishing financial investment income tax

First Vice Finance Minister Kim Byoung-hwan, nominee for chairman of the Financial Services Commission (FSC), speaks to reporters during a press conference held at his temporary office in central Seoul, Friday. YonhapNominee shows confidence in Corporate Value-up ProgramBy Anna J. ParkThe nominee for the head of the Financial Services Commission (FSC), Korea’s top financial regulator, … Read more