Michael Brochstein/ZUMA Press Wire / SplashNews.com / Michael Brochstein/ZUMA Press Wire / SplashNews.com Because of her late start in the 2024 presidential campaign, vice president and presumptive Democratic nominee Kamala Harris has not had much time to roll out an economic platform. She was expected to do so this week, though what she unveils might … Read more
PwC India has recommended the government extend the concessional corporate tax rate of 15% (ended in FY24) for new manufacturing units for a period of at least five years, to boost domestic manufacturing, and foster import substitution. This is a key ask of industry which the Centre should consider for the full Budget, PwC partners … Read more
Budget 2024 expectations: The Tax Policy Forum of the US-India Strategic Partnership Forum (USISPF) has submitted its wishlist ahead of the Union Budget for 2024-25, which will be tabled in the third week of July. The US-India Tax Forum has recommended that the government should establish equality in the tax obligations of domestic and foreign … Read more
The US-India Tax Forum, a dedicated policy group within the US-India Strategic Partnership Forum (USISPF), submitted a set of tax amendment recommendations for India’s Union Budget 2024-25.Union Finance Minister Nirmala Sitharaman will present the Budget on July 23. The proposals aim to foster a stable and predictable tax environment to boost investment sentiment across various … Read more
Navigating the complex world of business taxes is no small feat, especially for small business owners who already wear many hats. That’s where a business tax lawyer comes in. They provide invaluable support and guidance, ensuring your business stays compliant and financially healthy. Here are some key benefits of hiring a business tax lawyer for … Read more
Republicans are united around Donald Trump as their nominee, but where they are still divided is what to do about the 21% federal corporate tax rate if they control Washington next year.Some are pushing for a corporate rate as low as 15%. Others have signaled a willingness to accept an increase up to 25%. Donald … Read more
Pictured: Teva’s site in Canada/iStock, JHVEPhoto Teva Pharmaceuticals on Tuesday announced that it has agreed to pay $750 million to put an end to what it calls a “historical income tax issue” in Israel. Under an agreement with the Israel Tax Authority, Teva will make its settlement payment in yearly installments, from 2024 to 2029. … Read more
Shareholders at three of the world’s largest oil companies recently turned down tax transparency proposals from an activist investor. At Chevron, a proposal to publicly report the company’s earnings and tax bills in every country where it operates was defeated on May 29; 85% of votes were against the proposal. The shareholders followed recommendations from … Read more
Ask Wire, a Cypriot firm, successfully completed an equity extension round to support its expansion into key European markets, particularly Greece and Romania. The majority of the funding was provided by existing investors, with significant participation from Lars Rasmussen, co-founder of Google Maps. Additional investment came from high-net-worth individuals in Greece and Romania, as well as Founders Bridge, a Stockholm-based venture capital fund. Ask Wire’s platform provides property profiles, market analysis, and risk assessments using data from various sources.
President Nikos Christodoulides has been briefed about the meeting of the UN secretary general with his personal envoy. The Turkish Minister of Defence, Yasar Guler, made a provocative statement regarding the Turkish troops’ “peace operation” in Cyprus. The Greek Cypriot side is steadfast in requesting the resumption of talks, despite indications that negotiations may not be positive. The UNSG will also meet with Greek Foreign Minister George Gerapetritis to convey specific messages on behalf of the Republic. Turkish Cypriot leader Ersin Tatar claimed that peace prevailed on the island in 1974 and that the Turkish Cypriots made significant gains. Turkish Cypriot MPs participated in discussions at the Parliamentary Assembly of the Council of Europe on the issue of Varosha, claiming that the 1984 UN Security Council resolution is outdated.