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
This is a guest column from Matt Silasiri, the Marketing & Business Development Manager at Sunbelt Business Advisors.President Biden bowed out of the 2024 Presidential race. But the clock is still ticking on the Trump-era tax cuts. And President Biden’s proposed budget, including substantial tax increases, is still in play.Business owners who are considering a business exit in the … Read more
Breadcrumb Trail Links Personal Finance Taxes Kim Moody: A corporation in Estonia pays zero corporate tax unless and until profits are distributed to its shareholdersPublished Jul 30, 2024 • Last updated 9 hours ago • 4 minute read Prime Minister Justin Trudeau looks on as Deputy Prime Minister and Minister of Finance Chrystia Freeland speaks at … Read more
As the 2024 presidential election draws ever closer, Donald Trump is revealing key tax plans that could shape his government.In his campaign, Trump has championed himself as the leader of low taxes, saying he would decrease corporation taxes, increase tariffs on international imports and exempt some U.S. workers from current tax requirements.Now that the Republican … Read more
There’s a growing divergence between EU targets and national plans, and electrification is not happening quickly. Are voters turning their backs on the EU’s 2030 climate objectives? Year-to-date natural gas consumption is 3.1% down, to 195.6 bcm from 201.9 bcm in 2023. Milder weather has reduced household consumption. In general, the trend is downwards. Europe … Read more
LITTLE ROCK (KATV) — The most recent reduction in tax was in the General Assembly’s Special Session in June of this year. The top corporate tax was reduced from 4.8% to 4.3%, as well as the individual income tax rate being reduced from 4.9% to 3.9%.The Arkansas General Assembly and Governor Sanders have passed three … Read more
EURGBP extended gains for the second successive session, trading around 0.8420 on Thursday. The Euro remains strong as the European Central Bank decided at its July Monetary Policy Meeting to maintain its main refinancing rate at 4.25%, as expected. The ECB’s deposit facility rate also remains unchanged at 3.75%. Traders are now looking to further … Read more
The State of Georgia’s net tax collections in June approached a total of $3.03 billion, for an increase of $185.4 million or 6.5 percent compared to FY 2023, when net tax collections totaled $2.84 billion for the month. Year-to-date, net tax revenue totaled almost $32.95 billion, for a decrease of $182.2 million or 0.5 percent … Read more
West Texas Intermediate (WTI) recovered its intraday losses, trading around $80.00 per barrel in European markets on Wednesday. The decline in the US Dollar contributed support for the crude demand, underpinning the oil prices. Additionally, the oil price has support due to the declining U.S. stockpiles, the world’s largest oil producer and consumer. The American … Read more
The State of Georgia’s net tax collections in June approached a total of $3.03 billion, for an increase of $185.4 million or 6.5 percent compared to FY 2023, when net tax collections totaled $2.84 billion for the month. Year-to-date, net tax revenue totaled almost $32.95 billion, for a decrease of $182.2 million or 0.5 percent … Read more