Tim Maloney | Special to the Canton RepositoryThese are bad times for small businesses.We’re getting hit from every angle — inflation, over-regulation, worker shortages, you name it. But the situation could soon get even worse.Congress and the White House may let one of the most important small business tax cuts in American history expire, hitting … Read more
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
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
JetBlue Airways is suing the Florida Department of Revenue over $631,000 in corporate taxes, arguing the state unlawfully extends its geographical boundaries, resulting in unconstitutional double taxation. JetBlue Airways initiated legal action against the Florida Department of Revenue on July 19, challenging an assessment of additional corporate income taxes for the years 2019 to 2021. … Read more
Loblaw chairman Galen Weston Jr, the creaseless face of inherited Canadian wealth, smiled serenely at parliamentarians as he explained why, when it came to rising food prices, his company was blameless. Speaking to an agri-food committee in the spring of 2023, he told them that Loblaw’s profit “goes back into the country.” “The profit we … Read more
The Corner Economy & Business Senator Josh Hawley (R., Mo.), left, and Oren Cass, right (Leah Millis/Reuters, National Conservatism/Screengrab via YouTube) applauded it. The economics of these two isn’t too good, but their populist signaling is strong. See, they want more taxes on corporations, proving that they are concerned about fairness (labor shouldn’t be taxed … Read more
It cannot be stressed enough that the corporation as a taxpaying entity is a fiction. And the previous assertion should in no way be construed as a suggestion that corporations pay no taxes. Quite the opposite. At the same time, this write-up’s opening line is just a comment that shareholders pay all corporate taxes, which … Read more
As Big Companies Keep Paying Relatively Less In Taxes to Support Our Nation, 100 Largest American Firms Reported Over $1 Trillion Profits Last Year While Shedding 55,000 Jobs As American families are firing up their grills and filling their coolers for Independence Day celebrations this Thursday, American corporations are displaying little patriotism for the nation that … Read more
Generative Artificial Intelligence (GenAI) is beginning to manifest itself in corporate tax, presenting both advantages and concerns. As a transformative technology capable of generating human-like text, code, and other creative content, GenAI is posed to reshape the tax landscape. Understanding the shift in GenAI adoption The desire to use GenAI in corporate tax has seen … Read more
It cannot be stressed enough that the corporation as a taxpaying entity is a fiction. And the previous assertion should in no way be construed as a suggestion that corporations pay no taxes. Quite the opposite. At the same time, this write-up’s opening line is just a comment that shareholders pay all corporate taxes, which … Read more