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Distributing dental benefits through the...

Breadcrumb Links Policy New Managing the program through the Canada Revenue Agency is a problem because many low-income families are less likely to file taxes, an economist says. Author of the article: The Canadian Press Laura Osman The headquarters of the Canada Revenue Agency in Ottawa. Photo by Postmedia Content of the article OTTAWA — […]

Liz Truss drops plans to scrap 45p top t...

Liz Truss’ government has scrapped plans to abolish the top 45% income tax rate in a humiliating reversal, following a growing Conservative revolt against the policy and a turbulent backlash from markets. In a TweeterKwasi Kwarteng confirmed the change saying, “We understand and we have listened.” The Chancellor said the decision to cut tax for […]

Simpler tax rules for WFH BPOs are recom...

Call center agents of a business process outsourcing company. (AFP FILE PHOTO) MANILA, Philippines — The government should simplify tax rules for business process outsourcing (BPO) companies with work-from-home agreements to keep the BPO sector booming. House Ways and Means Committee Chairman Rep. Joey Salceda on Friday stressed the importance of “simpler and clearer tax […]

GST input tax credit extension deadline;...

Businesses can claim an input tax credit for 2021-2022 Photo: BCCL Businesses can now claim input tax credits (ITCs) for 2021-2022 and correct any errors in outbound supply data until November 30. The government has amended the CGST and the Service Tax Law to give businesses more time to apply for input tax credit, issue […]

Ruto proposes Kenya Revenue Service over...

NAIROBI, Kenya, September 29 – President William Ruto has proposed renaming the Kenya Revenue Authority (KRA) to the Kenya Revenue Service (KRS) to make it tax friendly. President Ruto said Thursday during the official opening of the 13e Parliament that this decision will help transform the agency responsible for assessing, collecting and accounting for all […]

Speech at the OECD Forum on Tax Administ...

Introductory remarks Hello, my name is Andrew Leigh and as Deputy Minister responsible for multinational taxation, I am very pleased to have the opportunity to speak to you at this important forum. I will begin by saluting the traditional owners of the lands on which I make my remarks in Canberra, the Ngunnawal people, as […]

Dramatic market reaction to UK tax cuts ...

“We must offer tax relief” Global currency markets are experiencing high volatility and the New Zealand dollar has fell to its lowest level since 2020. “There are winners and losers, yes it’s great for our exporters but it’s harder for our importers and it drives up prices that way. “The big issue is we need […]

The Tax Simplification Office will be cl...

Chancellor, Kwasi Kwarteng announced on Friday as part of the government’s mini-budget that the Office of Tax Simplification (the OTS) will be closed. The Chancellor said that “for the tax system to promote growth, Mr President, it needs to be much simpler. I am hugely grateful to the OTS for all they have achieved since […]

Kalus not the first to take advantage of...

Monday, September 26, 2022 GoLocalProv News Team View larger + GOP candidate for Governor Ashley Kalus and former Governor Lincoln Chafee PHOTOS: GoLocal GOP gubernatorial candidate Ashley Kalus is being criticized for living in Newport, Rhode Island, and claiming tax relief for residency on property in Illinois. She and her husband receive an annual tax […]

CARITO tax credit for caregivers will bo...

An income tax credit for carers returning to paid work has been proposed in a new paper from KPMG, as part of a wider effort to properly value time spent in unpaid work. The report, Towards a New and Better Era in Women’s Equality: Valuing Unpaid Work, contains several ‘affirmative action’-based proposals that address the […]

Harrison County Passes 2022-23 Budget an...

The Harrison County Court of Commissioners recently passed a budget of $32.058 million and a tax rate of $0.3110 per $100 of assessment for the upcoming fiscal year, effective Oct. 1. “We had our hearing, which no one showed up for any of the hearings,” Harrison County Judge Chad Sims noted. “There was no one […]

Removing the top income tax rate is righ...

In fact, the last two chancellors to cut the top tax rate went on to help their parties win the subsequent general election. Maybe this one will be too. It was definitely the hat rabbit. We already know about the cancellation of the National Insurance increase, the removal of the planned corporate tax hike, the […]

Harris County commissioners to review Se...

Harris County commissioners will have a second opportunity to vote on the proposed tax rate at their Sept. 27 meeting, provided at least four court members are present. Precinct Commissioner 3 Tom Ramsey and Police Station Commissioner 4 Jack Cagle skipped the previous Sept. 13 meeting, denying the court the quorum needed to hold a […]

Pound falls to lowest since 1985 as Kwas...

ghello. All eyes are on Kwasi Kwarteng today as he prepares to unveil a series of tax cuts in his mini budget. Economists at the Institute for Fiscal Studies said today’s announcements would likely represent “the biggest tax-cutting fiscal event since Nigel Lawson’s 1988 budget.” The Chancellor has already confirmed that the recent National Insurance […]

At Alaska gubernatorial candidates’ foru

Alaska independent gubernatorial candidate Bill Walker (right) and Democratic candidate Les Gara (left) listen to a question from the debate moderator Wednesday, Sept. 21, 2022 at the Alaska House Governors Forum in Fairbanks, in Alaska. (James Brooks / Alaska Beacon) FAIRBANKS — At a candidates’ forum hosted Wednesday in Fairbanks by the Alaska House, Democratic […]

What happens after Kentucky’s income tax

FRANKFORT, Ky. — Income taxes will drop half a percent because of House Bill 8 earlier this year, but the real impact is still a long way off. What do you want to know Kentucky lawmakers passed a bill in the regular session earlier this year that could eventually eliminate state income tax altogether. Income […]

Dutch Tax Plan 2023 – Lexology

On September 20, 2022, the Dutch government presented its 2023 tax plan and other important tax measures for the coming years. In this Tax Alert, we will highlight the most important proposals and their potential impact on corporations and individuals. We will also discuss other Dutch tax changes that have already been passed as well […]

Quirks in Cannabis Tax Formula Mean Heav...

By Michelle Rindels The Nevada Independent In the recent experience of Reno grower Sarah Rosenfeld, the best dollar a pound of marijuana bud or flower could fetch at wholesale prices is around $1,800 to $2,000, and that’s s it is packed and has a high concentration of the active ingredient THC. Something bulky with less […]

9 States say yes to sales tax over incom...

Awareness announcement for NOW TAX The Next Generation: The NOW TAX is not just for government funding, but to generate and preserve as much wealth as possible for citizens. NOW TAX will collect enough tax to begin paying down our national debt” — Stephen Redden – Founder NOW TAX USA ATHENS, WEST VIRGINIA, USA, September […]

Foreign Tech Sales in Korea Hit Nearly ₩

Google and Apple logos. [AP] Sales of Google, Apple and other foreign tech giants in Korea jumped more than sixfold in 2021 from five years earlier to flirt with 4 trillion won ($2.9 billion), data shows. published on Tuesday. The combined taxable income of overseas technology companies was 3.98 trillion won last year, 6.5 times […]

Missoula’s new mayor talks property taxe

Missoula New Town Mayor Jordan Hess made his first appearance on Friday’s City Talk show and immediately began fielding questions from Talk Back listeners eager to speak to the new mayor. The first caller immediately brought the new mayor’s attention to the issue of Missoula’s rapidly rising property tax situation. Hess first tackled the issue […]

The proposed 30% tax rate will not be pa...

The 30% income tax rate proposed by Tanáiste Leo Varadkar will not be part of the budget later this month, according to sources familiar with the budget process. As the Irish Examiner reports, Mr Varadkar had suggested the introduction of the new 30% rate as a way to help middle-income earners keep more of their […]

Qld Leads the Way in Opposing Cross-Bord...

Live It’s been 44 years since Joh Bjelke-Petersen dropped inheritance tax in Queensland, sparking a rapid race to the bottom by other states and destroying a valuable part of our tax system. But now Queensland is taking a small step to make amends by opening the door for states to rationally calculate and collect property […]

EU commission seeks renewed commitment f...

The chairman of an EU tax sub-committee is seeking further assurances that Ireland is still committed to a minimum corporate tax rate of 15%, amid continued concerns from EU institutions over the state’s ability to regulate several Dublin-headquartered tech giants. Dutch MEP Paul Tang and five other MEPs from the European Parliament’s subcommittee are expected […]

Te wiki o te tāke – The Treasure points

tax week · Binding rulings illustrate hidden tax traps, Treasury discusses taxation and housing, and more. We frequently discuss binding rulings issued by Inland Revenue and a few released this week illustrate why you need to think about potential tax issues in what may seem like relatively routine transactions. Binding rulings are the tax administration’s […]

Lambie shames Labor for tax cuts and tel...

She presented this as a betrayal of the Labor base, saying: “The [major] the parties encourage you to vote [on] mark, and you’re missed when you do. “We have no illusions about the strength of the people who do it”: Treasurer Jim Chalmers.Credit:Alex Ellinghausen The government recently trumpeted major increases in social benefits, which were […]

Patagonia’s $3 billion donation is a con

Yvon Chouinard, who started Patagonia in 1973 and turned it into an iconic $3 billion outdoor apparel empire, has just spun off nearly all of the private equity in the family business to a nonprofit organization. charity that will use the proceeds to fight climate change. It’s a masterful corporate maneuver that will allow his […]

Fresh calls for scrapping 2% tax -Newsda...

RBZ ZIMBABWE’s 2% Intermediate Money Transfer Tax (IMMT) is the highest charge on electronic transactions in Africa and should be scrapped as it affects the poor more, the non-governmental organization Fight Inequality Alliance has said. Zimbabwe. Under the tax, transactions between $10 and $500,000 attract a tax of two cents on the dollar to increase […]

Question 1 taxes millionaires to raise f...

One million dollars. That’s what prompted the question posed to Massachusetts voters in November: Should the state amend the constitution to impose an additional 4% tax on personal income over $1 million? The proposed additional tax would only be levied on money earned beyond the first million. This means that someone earning $1,000,001 would pay […]

Why Hiring an Accountant Can Save You Th...

Using an accountant could save you thousands of dollars on your taxes. (Source: Getty) The deadline to file a tax return this year is October 31 and millions of Australians have already logged online to start the process. Although the system is easy to use and free, for some the do-it-yourself approach means they might […]

Full noon on high petrol prices as excis...

As higher gasoline prices loom on the horizon, the federal government should use this opportunity to overhaul the entire fuel tax system, says Dr Lurion De Mello of the Macquarie Business School. Australian motorists may brace for higher prices at the gas pump as the temporary fuel excise halt ends on September 28, but it’s […]

FACTSHEET: How the Cut Inflation Act wil...

By signing the Cut Inflation Act, President Biden is delivering on his promise to build an economy that works for working families and small businesses. The Cut Inflation Act makes urgent investments to reduce prescription drug costs, health care costs, and energy costs to create opportunities for America’s 33 million innovative small businesses and startups. […]

Businesses will soon be able to apply fo...

NEW DELHI : Businesses should get credits for taxes paid in the era of the Goods and Services Tax (GST) worth approximately ₹400 crore, with the government set to open a special window for companies to file claims from October 1. With this, businesses that were not eligible for Central Excise Duty and Value Added […]

Explained | What is the windfall tax an...

Major energy companies posted huge profits in the first half of this year, making record windfall gains that governments have tried to rein in Major energy companies posted huge profits in the first half of this year, making record windfall gains that governments have tried to rein in The story so far: Finance Minister Nirmala […]

With inflation, many retirees will pay m...

By Alicia H. Munnell While the system is generally indexed to inflation, the taxation of social security benefits is not Federal income tax is generally indexed to inflation. More specifically, the income brackets to which the marginal tax rates apply are increased in accordance with the “chained CPI-U”. Although the chained CPI-U has increased somewhat […]

10 Countries Where The GST Seems To Be I...

10 countries where the GST seems to be irrelevant and looks like the government is sucking the blood of the common man. GST (Good Service Tax) is a destination-based tiered tax levied on all purchases. It is an indirect tax that applies across India, replacing the multiple cascading taxes imposed by the central and state […]

Ronchetti campaigns with AZ governor on ...

In this file photo, Republican Mark Ronchetti announces the tax changes he would pursue if elected governor. (Roberto E. Rosales/Albuquerque Journal) ALBUQUERQUE — Republican gubernatorial candidate Mark Ronchetti toured a machine shop in Albuquerque — joined by Arizona Gov. Doug Ducey — as he presented his tax plan to voters on Friday and called for […]

The La Fayette school board approves a h...

Amid opposition, Fayette County School Board members on Thursday approved a property tax rate increase for 2022-23 that would both provide revenue for general district operations and add a revenue stream dedicated to building and renovating schools. Although district officials said property tax rates would generate enough funds to complete more than half of the […]

Government finally realizing ‘you can’t

The tax breaks offered to landlords offering long-term leases show that “Ireland finally understands the fact that you can’t treat tenants like crap”, according to Ciara Kelly. She was speaking after it emerged the government was considering two major rental incentives in the upcoming budget. The former would see tenants offer a tax credit on […]

Digitization to lead the financial secto...

🔊 Listen to this article Digitization marked its kingdom with the creation of computers. Whereas with the advent of Digital India, digitization has boosted its spectrum in India. It has transformed all possible sectors and surely for a better influence. A very significant impact is seen on the Indian financial sector, from digital identity to […]

Productivity Solutions Missing From Rece...

While the recently concluded Jobs and Skills Summit saw the Prime Minister announce an increase in immigration to Australia and nearly half a million free TAFE training positions, he failed to deliver a real long-term productivity solution, according to an economist. “The first, second and third priority of the Summit was productivity, productivity and productivity […]

Yuguda: Tax Reduction Should Be Reintrod...

Lamido Yuguda, chief executive of the Securities and Exchange Commission (SEC), spoke to reporters about what the commission is doing to maintain investor confidence. HELEN OJI was there. What is the SEC doing to increase unclaimed dividends?The commission has done a lot to stem the rise in unclaimed dividends. For example, we are working with […]

Jacksonville ISD raises employee pay and...

The Jacksonville Independent School District Board of Trustees voted Aug. 30 to approve a total tax rate of $1.2496 per $100 assessment for 2022-23, an overall decrease of $0.0688 from to 2021-2022. This total tax represents a maintenance and operating rate of $0.8546 and an interest and depreciation rate of $0.3950. While lowering the tax […]

Income Tax Service refunds over ₹1.14 tr

The Income Tax Department announced on Saturday that it has refunded more than ₹1.14 lakh crore to more than 1.97 crore taxpayers between April 1 and August 31, 2022. The Central Commission for Direct Taxes (CBDT) further stated that refunds of ₹1,252 crores were issued in 1,96,00,998 cases. Corporate tax refunds from ₹53,158 crores were […]

SF activists who bungled Amazon’s tax me

A San Francisco judge on Thursday issued an interim ruling saying he was inclined to let supporters remove a measure intended to tax Amazon from the November ballot, the city attorney’s office said. The request came from its backers after they realized the measure might not apply to the e-commerce giant and could instead trap […]

Revenue Summit 2022 – presented by the A

The Australia Institute’s Revenue Summit 2022 will explore revenue raising options to meet Australia’s growing public spending needs. It is time to shape the national debate on revenue and tax reform. Thursday, October 6, 2022 | Australian Parliament, Canberra. Keynote Speakers:• Rod Sims AO | Professor, Crawford School of Public Policy ANU and former President […]

Our tax system urgently needs an overhau...

  Author: Sebastian Chambers, author of The A-Z of Inequality August 31, 2022 During the financial crisis, the then British Chancellor, George Osborne, exclaimed that “we are all in this together”. This was not true then and over the next twelve years it has become abundantly clear that those who own property, businesses and other […]

Public transport will be exempt from FBT...

Public transport will be exempt from benefits tax under proposals in an annual tax bill tabled today. Revenue Minister David Parker said the exemption contained in the Taxation Bill (Annual Rates for 2022-2023, Platform Economy and Remedial Matters) will apply where rates are subsidized by a employer and that the fares are primarily intended […]

NAM Files Lawsuit Against SEC for Revoca...

The U.S. Securities and Exchange Commission has struck down key parts of a landmark 2020 rule regulating so-called “proxy advisory firms” — and NAM is fighting back in court. The long road here: In 2020, after years of NAM advocacy, the SEC finalized a major rule designed to address proxy firm errors and conflicts of […]

Tax regime without exemption needs to be...

With few takers for the income tax scheme with no exemptions even after two years of its introduction, the government could consider allowing some basic deductions and making the slabs more graduated to make it more attractive to taxpayers under different tranches, according to analysts. However, the dual regime tax regime may continue for another […]

NM’s big budget surplus means big opport

Last week, New Mexico received some big news. When our legislature meets in January to develop our annual budget, we could have up to $2.45 billion more than what we allocated this year. It’s a hard number to pin down, but I think we can all agree that it’s a lot of money. It’s also […]

Guest Comment: Navarro County Commission...

The historic assessment increases of last spring are still fresh in the minds of Navarro County property owners, but now exorbitant tax increases threaten to create real pain. The upcoming Navarro County Commissioner’s Court will consider approving the Voter Approval Rating — the maximum tax increase allowed by state law without seeking voter approval. Although […]

Round Rock gives initial approval for $5...

Round Rock City Council on Thursday passed a budget of $555.5 million and a tax rate of $0.342 per $100 of home assessment for the 2022-23 fiscal year. The council will consider the budget and tax rate again in a second public hearing and final vote on September 8. The owner of an average home […]

NYC to give $150 property tax rebate to ...

picture by Darian Chamkhali on Unsplash Mayor Eric Adams on Wednesday signed legislation that will give hundreds of thousands of homeowners to New York a one-time property tax rebate up to $150. Those eligible for the rebate are owners of single-family, two-family or three-family residences with an annual income of less than or equal to […]

Tyler ISD cuts tax rate and increases st...

TYLER, Texas (KETK) — The Tyler ISD Board of Trustees approved its overall budget for the 2022-2023 school year at its meeting Monday. This budget includes a tax rate cut of 10.98 cents and an increase in teacher compensation. The district’s budget will be more than $169.5 million for the school year, which includes a […]

The IRS may be about to change the way A...

(The hill) – The IRS could be about to revolutionize the way Americans file their taxes. The Cut Inflation Act signed into law by President Biden on Tuesday provided the agency with $80 billion in funding, including $15 million to produce a report on a free, government-run electronic reporting system that proponents of tax simplification […]

UK’s Truss to review tax and strike rule

Breadcrumb Links (Bloomberg) – Liz Truss, the favorite to become Britain’s next prime minister, will rethink taxes paid by the self-employed and try to limit disruptive strikes, according to an interview with the Sun newspaper. Author of the article: Bloomberg News Benjamin Robertson Liz Truss, Britain’s Foreign Secretary, answers questions from party members in the […]

Why Streamlining the Goods and Services ...

Express press service NEW DELHI: With multiple Goods and Services Tax (GST) rates, taxpayers find it difficult to classify goods and services under the correct bracket. Although the GST Department has provided frequent clarifications, there are still loopholes in the current system that allow many taxpayers to avoid paying high taxes. In order to improve […]

Five Laws Every Businessman Must Know in...

Like in any other country, there are laws that govern business in Nigeria. These laws are important to businesses and their dealings with individuals, government organizations, and other businesses. These laws serve as a guide for maintaining order, safeguarding rights, setting standards and settling disputes. As an entrepreneur, it is important to know these laws. […]

Taxation key to development, says ODIRS ...

Mr. Tolu Adegbite, Chairman of the Ondo State Internal Revenue Service (ODIRS), said taxation is very important for the development of any country. Adegbie said so in his lecture titled “Tax, The Future and You,” during a program organized by the Elizade University Tax Club (EUTC), on Friday in Akure. The President, represented by the […]

1H2022: NBP pre-tax profit climbs 21% to...

KARACHI: The Board of Directors of National Bank of Pakistan “NBP” “the Bank” met on Wednesday to approve the condensed interim financial statements for the six-month period ended June 30, 2022. With volumetric growth in average earning assets coupled with positive rate variance, the NBP recorded a 66% growth in gross interest income which reached […]

Arkansas Income Tax Cuts: Accelerating R...

With the passage of SB1 at the third special session of the General Assembly, Arkansas last week became the 13th state to allow a reduction in the personal income tax rate this year. This round of income tax cuts in Arkansas effectively accelerated reforms that policymakers passed eight months ago. The December 2021 changes put […]

Navasota’s tax rate cut will still resul

August 17, 2022 by André Perrard We mentioned last week on our station the Navasota budget, and it lowers the tax rate for next year. Although it’s god on paper, you can still see an increase in costs. City Manager Jason Weeks stopped by our station on Tuesday to talk about the budget, which was […]

FACT SHEET: How the Cut Inflation Act is...

By signing the Cut Inflation Act, President Biden is delivering on his promise to address the climate crisis and build an economy that works for working families. The Cut Inflation Act makes historic investments in America’s future while lowering health care and energy costs. This is the most aggressive action we have taken to address […]

Does your state have a marriage penalty?

Today’s map focuses on states that have a “marriage penalty” in their personal income tax brackets. In a graduated rate income tax system, a taxpayer’s marginal income is subject to progressively higher tax rates. A marriage penalty or “marriage tax penalty” exists when a state’s income brackets for married taxpayers who file jointly are less […]

County Sales Tax Raise to Expand and Ren...

August 14 – ENID, Okla. – In less than two weeks, residents of Garfield County will consider a sales tax increase to expand and renovate the overcrowded county jail. Voters in the upcoming Aug. 23 primary election will see a proposal on their ballots to raise county sales tax by 0.30 percent, or 30 cents […]

Publication of new tax transparency stan...

New tax transparency standards released for governments around the world New guidelines for tax transparency, for use by international governments, organizations and civil society, have been published by the General Assembly of the Global Initiative for Budget Transparency (GIFT) Supported by the International Monetary Fund, the World Bank and the Organization for Economic Co-operation and […]

Finance Ministry plans to overhaul tax e...

PTI New Delhi, August 14 The Ministry of Finance proposes to review the new tax regime without exemption soon with a view to making it more attractive to taxpayers with individual incomes, sources said. Eventually, according to sources, the government aims to establish a system where there are no exemptions and where the […]

IRS Takes One Step Closer To Free Tax Fi...

Democrats push landmark climate and health care bill through Congress “Today is a day of celebration, a day we take another giant leap in our important agenda,” said House Speaker Nancy Pelosi, D-Calif., who minutes later announced the vote. final as she presided over the chamber. She said the measure “meets the moment, ensuring our […]

The Origin Story of Deferred Interest Ta...

Digital image courtesy of Getty’s Open Content Program Digital image courtesy of Getty’s Open Content Program The carried interest tax loophole allows wealthy Americans, like those in private equity and hedge funds, to avoid billions in taxes each year. This is one of the most controversial features of the US tax system, but it has […]

Cut Inflation Act taxes stock buybacks, ...

Placeholder while loading article actions Democrats are set to pass the first new corporate taxes in a generation as part of President Biden’s sweeping climate, health care and tax bill, including a levy on a financial maneuver companies considered illegal market manipulation. In addition to a proposed 15% minimum tax on big business profits, lawmakers […]

Lessons for federal lawmakers as Califor...

By Raza Lawrence (August 11, 2022, 2:58 p.m. EDT) – In New State Ice Co. v. Liebmann, United States Supreme Court Justice Louis Brandeis in 1932 called the 50 states laboratories of democracy, writing: It is one of the happy incidents of the federal system that a single courageous state can, if its citizens so […]

Nigeria faces an existential threat, war...

In light of Nigeria’s declining revenue, the government’s continued payment of trillions of naira in fuel subsidies and the resulting economic challenges, the World Bank on Wednesday sounded the alarm that the country could face an existential threat. The international financial institution has warned that if the country fails to optimize its tax system and […]

African economies are struggling after t...

Comment this story Comment With a Tweeter in May, Ghana’s President Nana Akufo-Addo excitedly announced the launch of an online government levy – a 1.5% charge on mobile money transactions over 100 Ghanaian cedis ($12) . Certain merchant, bank and personal transfers are now subject to the new tax. Ghana’s parliament passed the measure in […]

Green Party calls on government to sabot...

The left-leaning Australian Greens are considering a possible showdown with the Labor government after its leader Adam Bandt signaled the party would try to thwart a planned third round of tax cuts for families. In an address to the National Press Club on August 3, Bandt claimed that another round of tax cuts would hurt […]

Business news, strategy, finance and com...

On the GST front, collections rose by 44% to ₹1,40,885 crore in June from ₹97,821 crore in the same month last year. One of the reasons is the high inflation, but the electronic invoice records also indicate an increase in volumes and, therefore, higher consumption. E-way bills stood at 73.62 million in May 2022, the […]

Tax challenges and opportunities for the...

According to the March 2022 Labor Force Survey from the Philippine Statistics Authority, there are more than 17 million informal workers, including tiangge, ambulant and street vendors, as well as more than 1 .3 million sari-sari shops that are still not registered with the Bureau of Internal Revenue (BIR). Generally, they fall into the category […]

Gaetz introduces bill prohibiting IRS fr...

(The Center Square) – U.S. Representative Matt Gaetz, R-Florida, introduced a bill prohibiting the Internal Revenue Service from acquiring ammunition. The Disarm the IRS Act would prohibit the agency responsible for tax enforcement from purchasing ammunition after the agency has already stockpiled more than 5 million rounds. Rep. American Matt Gaetz, R-Fla. Credit: Alex Brandon […]

The Nigerian tax system can create socia...

Mr. Taiwo Oyedele, Fiscal Policy Partner and Head of Tax for Africa at PwC, warned that the continued introduction of new taxes without considering the poor could create a social problem for the Nigerian government. Speaking against the backdrop of the recently announced 5% excise duty on telecommunications services, Oyedele said the Nigerian tax system […]

Senate Democrats announce they have the ...

Senate Democrats have reached an agreement on changes to their flagship economic legislationthey announced Thursday night, removing the biggest hurdle to promoting one of President Joe Biden’s top election-year priorities across the chamber in the coming days. Sen. Kyrsten Sinema, D-Arizona, a centrist seen as the pivotal vote, said in a statement that she agreed […]

Receipt of requests for the end of tax l...

Finance Minister Mohamed Maait confirmed that requests for the resolution of tax disputes before the courts, tax appeal boards and grievance boards between tax authorities and financiers or taxpayers will be received until the end of December, explaining that this is a last chance for financiers to put an end to all tax disputes. He […]

Opinion: The injustices of carbon pricin...

Breadcrumb Links PF Comment Quebec companies will have much lower carbon pricing costs than other provinces well into the 2030s Canadians in most provinces pay $10.51 more per tonne in carbon prices than people and businesses residing in Quebec. Photo by Handout/AIHA Content of the article According to its proponents, carbon pricing measures have many […]

LETTER: The issue of property tax reform...

In his July 29 op-ed (“State, counties lack will to restore fairness in assessments”), Colin McNickle forcefully argues for inequity in property assessments and the unwillingness of government agencies to address it. . In effect, the property tax system misses the true value of homes, except in cases where school districts have appealed the sale […]

BRENHAM CITY COUNCIL PROPOSES TAX RATE

Brenham City Council will take a record vote on Thursday to formally propose a tax rate for the new financial year. At the city’s final budget workshop last week, staff recommended keeping the same tax rate of $0.4940 per $100 of assessment as last year. The rate consists of $0.35 for maintenance and operations and […]

Shareholding Tax Changes Would Lead to C...

In music, some notes are held longer than others, and the basic notation system is easy to understand. For example, a half note is half as long as a whole note. A quarter note is half as long as a half note. An eighth note is half as long as a quarter note, and so […]

Pakistan Revenue Agency collects 458 bil...

ISLAMABAD: Pakistan’s supreme revenue agency i.e. Federal Board of Revenue (FBR) collected a net income of Rs 458 billion in July 2022. July’s collection exceeded the Rs 443 billion target of Rs 15 billion, according to a statement released by the FBR on Monday. This represents a growth of about 10% compared to the collection […]

Shik School Principal Requests Public He...

SUNBURY — A Shikellamy school principal is calling for a public hearing for residents to discuss the business tax. Principal Slade Shreck said that since mail notifications to high school and college students in the Shikellamy School District were sent telling them they would now be paying business tax, members of the public have told […]

Coimbatore Corporation passes resolution...

By Express press service COIMBATORE: Several councilors at the monthly council meeting held at the Victoria Hall of the Coimbatore City Municipal Corporation (CCMC) on Saturday raised objections to the zoning of new building tax areas in the city. About 57 of the 58 proposed resolutions were passed at the meeting, including the zoning of […]

how Liz Truss could revise inheritance t...

However, Mr Shah said the introduction of such a tax would require a “thorough review of the tax system and a massive initial investment by the government”. A wealth tax would also prove unpopular with the traditional Tory voter, making it extremely unlikely that Ms Truss would choose that option. Reduce the rate by 40 […]

Green Bay School Board approves referend...

BAIE VERTE — The Green Bay School Board unanimously agreed Monday night to ask voters to approve a $92.6 million referendum on improving schools in November. About $43 million of the referendum funding would go to district-wide deferred maintenance, while $48 million would be spent on improving middle and high school facilities. Basic playground upgrades […]

A district chief files a PIL against tax...

Visakhapatnam: Corporal of the 78th District of the Greater Visakhapatnam Municipal Corporation, B Ganga Rao, has filed a Public Interest Litigation (30239/2022) in the High Court challenging the YSRCP government’s new property tax system. Speaking on the occasion, Ganga Rao said that the law amendment to increase the property tax by 15% every year was […]

South Korea suspends 20% tax on digital ...

South Korea has again postponed the implementation of the controversial 20% tax on digital asset gains. The tax regime will now come into force in 2025 and not in 2023 as previously planned. Government officials including Choo Kyung-ho, deputy prime minister of economy and minister of strategy and finance, confirmed the postponement while presenting South […]

Last minute tax planning before migratin...

Tax considerations, although an integral part of any migration planning, are unfortunately often overlooked or left to the last minute, probably because Hong Kongers have gotten too used to it or sometimes even “spoiledby Hong Kong’s simple and low tax system. The harsh reality, however, is that popular emigration destinations such as the UK and […]

Tax policies at the center of the electi...

The competition to replace Boris Johnson as leader of Britain’s Conservative Party is rightly attracting considerable attention this side of the Irish Sea. When An Taoiseach describes Anglo-Irish relations as potentially at an historic low point, it is a real concern for Irish businesses, as the UK is an important trading partner. Changes in political […]

Latest changes to income tax rules, incl...

The latest income tax rule changes you should know about Three major changes to income tax rules, proposed in the EU budget for 2022, came into force on July 1. Every taxpayer should be aware of these latest updates. The three significant changes are related to Aadhaar-PAN linking, crypto investments, and benefits received by social […]

The best way to tax wealthy Pinoys, says...

Albay 2nd District Representative Joey Salceda shared Saturday, July 23 the best way to tax wealthy Filipinos. (Office of Albay 2nd District Representative Joey Salceda) This, as the Economist-Solon laid bare in a statement that he favors the imposition of wealth taxes as a way to help the government raise funds for public services. “I […]

How tax cuts affect the economy

Tax income 2021 by offer Amount % complete Business income taxes $419,008,841 10.2 Taxes on natural persons and on property and creed income $2,348,054,224 57.1 Employment taxes $1,258,170,886 30.6 Property taxes and rewards $28,045,739 0.7 Excise taxes $58,289,822 1.4 Completed collected $4,111,569,512 100 Procurement: IRS. An evolving tax burden The federal government uses tax coverage […]

Sales tax fraud: FBR urged to take actio...

ISLAMABAD: The Federal Tax Ombudsman (FTO) on Thursday ordered the Federal Bureau of Revenue (FBR) to take action against large retailers involved in tax evasion due to the failure to issue verifiable tax invoices. In this regard, the OTF has instructed the FBR to implement an effective monitoring and enforcement mechanism that addresses all loopholes […]

Fonoa raises $60 million to automate tax...

fonoaa tax automation platform used by companies such as Uber and Zoom, raised $60 million in a Series B funding round. Founded in Dublin, Ireland in 2019, Fonoa targets digital service companies that operate globally, automating many of the processes involved in managing sales tax, VAT and goods tax and services (GST) wherever the company […]

Officials alarm over $60 billion in illi...

Ongoing efforts to fight corruption in Nigeria gained momentum when the House of Representatives passed a bill on second reading to establish the office of the National Inspector General of the Tax Crimes Commission. Lawmakers expressed support for passage of the private member’s bill sponsored by the Honorable Benjamin Kalu and were alarmed by Thabo […]

Unboxing the Second Pillar: Problems and...

The treatment of investment portfolios under the GloBE rules is likely to be particularly complex. This will be the case whether the portfolio in question is held as part of a broader asset management business or as an ancillary part of a business group. Both will require careful consideration under the new second pillar rules. […]

Government and ruling party push for tax...

Representative Kweon Seong-dong (L), acting leader of the ruling People’s Power Party, speaks with Finance Minister Choo Kyung-ho on Monday during a political consultation meeting at the National Assembly in the west of Seoul. (Yonhap) The ruling People’s Power Party (PPP) and the government agreed on Monday to actively consider tax reform to revitalize the […]

The CAIT will launch an agitation to dem...

New Delhi: The Confederation of All Indian Traders (CAIT) will launch a nationwide agitation from July 26 to demand simplification of the Goods and Services Tax (GST). More than 50,000 business organizations across the country will actively participate in the national movement, a statement from the Delhi-based traders body said on Sunday. He also plans […]

Tax alternatives after KATA changes

The most popular form of taxation for small entrepreneurs and small businesses will fundamentally change from September 1, after the government voted on the so-called “KATA Law” on July 12. Niveus Consulting Group looked at what types of tax solutions might be available. Under the new regulations, the revenue value limit will increase to HUF […]

Digital services provided by foreign com...

Starting next fiscal year, a 2% digital services tax will be charged on services provided over the internet to Nepalese consumers by non-residents. Electronic services such as games, video, music and app downloads, streaming services, cloud services and other services are taxable if the annual turnover exceeds Rs2 million. “Digital service providers such as YouTube, […]

Funding for Missouri charter schools sho...

For the casual observer of state government, Missouri’s 2022 legislative session has been dominated by headlines about infighting, traffic jams and wrangling over political maps. When it adjourned in mid-May, the Missouri General Assembly had passed its fewest bills in at least 40 years, excluding the pandemic-shortened 2020 session. But look closer and you will […]

Washington Supreme Court to hear challen...

David Gutman/The Seattle Times The Washington Supreme Court will decide the legality of the state’s new capital gains tax, bypassing the Court of Appeals, in a case with hundreds of millions of dollars in tax revenue at stake and the potential for overturn decades of state Supreme Court precedent. Earlier this year, a Douglas County […]

All fiscal and monetary stimulus must co...

Jakarta (ANTARA) – The United Nations (UN) has stressed that all the fiscal and monetary stimulus measures that Indonesia has put in place during the COVID-19 pandemic must continue amid the geopolitical conflict between Russia and Ukraine. The ESCAP-led survey recommends that all fiscal stimulus and monetary support programs that have been put in place […]

Hungary bridge blockade fails to derail ...

Parliament speeds up overhaul of favorable tax regime Orban’s party defies protests and criticism from business groups First major concern since Orban’s re-election BUDAPEST, July 12 (Reuters) – A bridge blockade in Budapest, which lasted for several hours on Tuesday, failed to derail the approval of a motion by Hungarian Prime Minister Viktor Orban’s government […]

German tax platform ELSTER collapses as ...

Since July 1, property owners in Germany have been asked to provide details of their houses, apartments and land for the purpose of recalculating property taxes. But the rush proved too much for the country’s online tax office, ELSTER, which quickly crashed over the weekend. Property tax form rush causes ELSTER crash “Due to the […]

Six people arrested during a protest in ...

East Hampton Village Police on Sunday arrested six people affiliated with a “tax the rich” protest that traveled east from the village of Southampton over the weekend. The six were charged with disorderly conduct, a violation, and released on their own recognizance pending a future court date, Police Chief Michael Tracey said. The protest was […]

Seymour criticizes National, releases pl...

David Seymour says the National Party has traditionally been “status driven” and that a two-party ACT National Government will be needed to reverse the policies enacted under the Sixth Labor Government. Seymour told Q+A’s Jack Tame that National couldn’t be counted on to do it alone. “National’s modus operandi is to huff and threaten to […]

Scholz rules out tax hikes to reduce inf...

Chancellor Olaf Scholz currently sees no opportunity to raise taxes to spread the burden of inflation more evenly. “We don’t have a legislative majority for tax increases,” the SPD politician told ZDF’s “Maybrit Illner” program on Thursday. “It’s something where different beliefs exist,” he added, referring to coalition partner FDP. He said he was himself […]

Farmers to pay new tax under new Treasur...

Economy Farmers to pay new tax under new Treasury policy Friday 08 July 2022 Farmers pick tea at a farm in Kiangondu village, Tharaka-Nithi County. Small farmers will start paying a flat tax if Treasury proposals to hire more taxpayers are passed. PICTURES | ALEX NJERU | NMG Small farmers will start paying a flat […]

Drugmaker AbbVie shielded its profits fr...

Comment this story Comment President Donald Trump’s tax overhaul nearly five years ago would have opened the door for pharmaceutical giant AbbVie to shield much of its U.S. sales from federal taxes, according to Senate Democratic investigators, who said their new findings reflect a “clear need to reform” the system. The report From the Senate […]

As NM Begins to Cut Sales Tax, Tough Cho...

New Mexico’s gross receipts tax — applied to the sale of services and goods — has been a subject of debate for years. The basic state rate is expected to be cut by 0.25 percentage points over the next two years. (Eddie Moore/Albuquerque Journal) SANTA FE — The state of New Mexico cut its gross […]

Steam taxes by state, 2022

Today’s map examines the design of excise taxes for vaping and alternatives to tobacco, which is important in the pursuit of tobacco harm reduction. Higher vaping taxes on products such as e-cigarettes could encourage vapers to start smoking cigarettes again and discourage cigarette smokers from switching to vaping products. Since vaping entered the market in […]

Surplus tax revenue in the first half of...

The tax revenue plan was exceeded by 13% in the five months of the year, while general government revenue increased by 16.7% compared to last year, said Natalia Fiļipoviča, deputy director of the Taxpayer Conduct Analysis Council of the State Revenue Service (VID). . “Tax revenues have increased in all tax positions. With VAT, the […]

A National Consensus Program – Journal

IN TODAY’S polarized and charged political environment, the idea of ​​national consensus may seem implausible, if not impossible. But that does not detract from its importance as key issues related to Pakistan’s future urgently need national consensus. The complex nature of the country’s overlapping challenges and the fact that no party can solve them alone […]

A recession is coming. California must ...

After weeks of negotiations, Governor Gavin Newsom signed the biggest budget in California history. Who thought spending $97 billion could be so difficult? When the former California State Treasurer Jesse Unruh referred to the “obscene surplus” that led to the Proposition 13 taxpayer revolt in 1978, he spoke of a surplus of funds that amounted […]