You’re reading the Prompt 2024 newsletter. Sign up to get it in your inbox. Vice President Kamala Harris is out with her economic plan “to bring down costs for American families.” There’s already a lot of buzz about her proposals to go after corporate “price gouging,” cut taxes for families with kids and offer $25,000 … Read more
Cyprus fully supports the joint effort by the United States, Egypt and Qatar to get both sides of the war in Gaza to meet next week and resume talks on a ceasefire and release of hostages. President Nikos Christodoulides stated on Friday that he, “fully endorses (the statement by) Presidents Joe Biden, Abdel Fattah el-Sisi … Read more
Listen to the article 6 min feedback. Corporate tax managers have had to negotiate their way through heightened turbulence ever since the Trump-led tax cuts and the Jobs Act became law in 2017. Today’s hot-button issue is the ongoing Organisation for Economic Co-operation and Development (OECD)-led global effort to impose a minimum 15% tax on … Read more
WASHINGTON — A bill to expand the child tax credit and restore some tax breaks for businesses failed to advance in the Senate on Thursday as Republicans largely opposed the measure, arguing they would be in position to get a better deal next year.Majority Leader Charles Schumer, D-N.Y., dared Republicans to vote against the tax … Read more
Continuing months of progressive opposition to the bipartisan Tax Relief for American Families and Workers Act, U.S. Sen. Bernie Sanders on Thursday voted against advancing the bill and highlighted how it would give tax breaks to major corporations.The bill passed the House 357-70 in January, shortly after it was negotiated by Senate Finance Committee Chair … Read more
Senate Republicans are expected to block legislation Thursday to cut taxes for working families and extend some corporate tax breaks, likely dooming a bipartisan compromise that the House had overwhelmingly approved and raising the stakes on taxes for this fall’s elections.The $79 billion legislation would expand eligibility for the child tax credit, or CTC, among … Read more
[co author: Dennard Small] House Bill 4087* (H.4087) advances income tax credits for corporate headquarters, recycling facilities, job development and retraining by amending the South Carolina Code of Laws to update portions of the South Carolina Income Tax Act and the Enterprise Zone Act of 1995. The primary objectives of this bill include: expanding the … Read more
In reviving and narrowing a surtax on the state’s most profitable businesses, lawmakers have mostly reversed a cut to New Jersey’s open space programs that happened when an earlier surcharge sunset at the start of 2024. The so-called corporate transit fee — a 2.5% surcharge on businesses with more than $10 million in profits — is … Read more
Firefighters were battling ‘continuous and intense’ flare-ups between the communities of Polemi and Kourdaka, fire service spokesman Andreas Kettis said on Wednesday afternoon.The fire that broke out on Tuesday near Polemi is estimated to have destroyed eight square kilometres of land, including houses and animal farms. “The flare ups are being dealt with. Ground forces … Read more
Open this photo in gallery:A Canada Revenue Agency sign in Ottawa on March 1, 2021.Justin Tang/The Canadian Press Claude Lavoie is a contributing columnist for The Globe and Mail. He was director-general of economic studies and policy analysis at the Department of Finance from 2008 to 2023.A majority of people are tired with the Liberal … Read more