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
The pound could hit a peak of $1.40 by March next year, bolstered by a more promising economic outlook and the prospects of political stability, according to the CEO of a leading financial advisory and fintech. The bullish prediction from deVere Group’s Nigel Green comes as major financial institutions rush into the UK’s currency, which … Read more
The incidence and distributional effects of changes to the corporate income tax—like those in the 2017 Tax Cuts and Jobs Act—are one of the most hotly contested issues in economic policy. The debate often follows a familiar script: Republicans claim that rank-and-file workers benefit while Democrats argue that affluent shareholders reap the gains. In a new paper, … Read more
The ruling AK Party has introduced a new bill to Parliament that proposes changes to the domestic minimum corporate tax. Under the new law, a company with a ₺1 million ($30,211.57) profit will pay an additional ₺50,000 in taxes. Current law: A company with a ₺1 million profit and an ₺800,000 capital gains exemption currently … Read more
With market analysts increasingly pricing in the likelihood of a Donald Trump victory in the US presidential election in November, investors are eyeing three specific sectors expected to benefit from his administration’s policies. “A potential return to the White House brings with it expectations of a hawkish trade policy, less regulation, looser climate change regulations, … Read more
BEAT Overview The base erosion and anti-abuse tax (BEAT) is a minimum tax (5% in 2018, 10% in 2019 to 2025 and 12.5% after 2025) imposed on applicable taxpayers that make certain base erosion payments to foreign related parties. This tax is in addition to a corporation’s regular income tax liability. Corporations that average at … Read more
Having secured a landslide victory as expected in last week’s election, Labour’s Keir Starmer has a unique opportunity to reshape the UK’s financial landscape by positioning it as a global cryptocurrency hub, according to the CEO of a leading financial advisory and fintech. “To date, Starmer’s stance on crypto remains somewhat nebulous,” said Nigel Green … Read more
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
Governor Phil Murphy signed the new $56.6 billion state budget for New Jersey, which includes a significant tax increase on large corporations and substantial funding for property tax relief, public schools, pensions, and community projects. Key Takeaways: The budget introduces a 2.5% tax on large companies to fund NJ Transit, making New Jersey’s business taxes … Read more
Analysis: Morningstar DBRS Just a day to the UK general election on 4th July and a change in government looks imminent. The Labour party has continued to lead in the voting intention polls and if polls prove right, Labour will form the next government. After 14 years of a Conservative-led government, a change to Labour … Read more