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Business tax
Downtown Myrtle Beach businesses voice support for new improvement tax
MYRTLE BEACH, SC (WMBF) — A new tax may be on the way for businesses in downtown Myrtle Beach, but it could pay off for those businesses in the long run.The Myrtle Beach City Council took the first step toward approving a municipal…
ConocoPhillips submits $1.1 billion Norwegian oil development plan
The ConocoPhillips logo is displayed on a floor screen at the New York Stock Exchange (NYSE) in New York, U.S., January 13, 2020. REUTERS/Brendan McDermid/File PhotoJoin now for FREE unlimited access to Reuters.comRegisterSANDEFJORD,…
States, cities taking homes for people missing a tax payment
Did you know that in some states, if you miss a tax payment, local politicians will take your house, sell it and keep everything profits ?Really.Tawanda Hall was behind on his taxes. She was on a payment plan but had missed $900. She…
Philadelphia’s poverty could be solved with better tax policy and jobs, business leaders say
Downtown Philadelphia has almost returned to pre-pandemic downtown levels of jobs and foot traffic, and may be on the verge of another "Rendell moment," reminiscent of the city's revival in the early 1990s, according to business leaders and…
Downtown Lafayette supporters savor turnout and results as voters renew tax support | Business
Lafayette's Downtown Development Authority won in a tax renewal effort on Saturday, winning 71% of the vote…
Worker bonuses, corporate tax relief sent to Walz for signature
ST. PAUL, Minnesota (FOX 9) - A $3.4 billion deal to provide businesses with tax relief and give $750 bonus checks to many workers on the front lines of the COVID-19 pandemic is headed for Governor Tim Walz for his signature. The bill…
Time is running out for Minnesota lawmakers ahead of business tax hike
The deadline for unemployment benefits is approaching A Saturday deadline looms in the Minnesota Legislature as the two sides try to reach a deal that avoids a corporate tax hike. ST. PAUL, Minnesota (FOX 9) - Calendar has become the…
Thomas Piketty’s equality program | Trade Standard News
A BRIEF HISTORY OF EQUALITY
Author: Thomas Piketty (Translated by StevenRendall)
Editor: Harvard University Press
Price:…
Pakistani Minister Miftah Ismail agrees with IMF recommendations to cut fuel subsidies and end…
The International Monetary Fund approved a three-year, $6 billion loan for Pakistan in 2019, but disbursement has been slowed by concerns about the pace of reforms
The International Monetary Fund approved a three-year, $6 billion…
Manatt Expands Tax Incentive Financing Capabilities with Arrival in Chicago | national company
CHICAGO--(BUSINESS WIRE)--April 21, 2022--Manatt, Phelps & Phillips,…
Bethel business owner pleads guilty to tax evasion
Timothy P. Draper, 54, of Bethel, Connecticut, waived his right to be listed and pleaded guilty to tax evasion during an appearance in federal court in Hartford on Monday, April 18,!-->…
Gas tax emerges as issue in Alabama governor race
MONTGOMERY, al. As motorists pump gas priced at $4 a gallon, gubernatorial challenger Lindy Blanchard's ad appears on the gas pump screen, calling for a suspension of fuel taxes from the State. "We need to put money back in the…
Tax Startup Fonoa to raise approximately $50 million from Coatue
Fonoa, the Dublin-based tax automation start-up, is set to raise new funding from investment firm Coatue.
This is Fonoa's second round of funding in six months.…
Red Deer City Council approves zero percent tax rates
Applied to approximately 42,000 properties in the city, 54% of property tax revenue comes from residential properties, 6% from multi-family properties and 40% from non-residential properties.
The total!-->!-->!-->…
FAQ on crypto taxation, virtual digital assets in the works
The government is working on a cryptocurrency taxation FAQ, which will provide nuanced clarification on the applicability of income tax and GST on virtual digital assets, an official said. The Frequently Asked Questions (FAQ) set, which…
UK Treasury chief Sunak defends wife in tax controversy | Business
LONDON (AP) — Britain's Treasury chief has defended his wife's decision…
Kansas set to cut taxes again, this time with Dems joining
TOPEKA, Kan. (AP) — With surplus state revenues rolling in every month, the Republican-controlled Kansas legislature is poised to cut taxes again just a decade after a GOP governor launched a tax experiment. tax cuts that became nationally…
Understanding the Capital Gains Tax Bite So the IRS Doesn’t Zap You
Dear Liz: We have made significant capital gains this year and owe taxes plus a penalty for not paying estimated taxes. Is there a way to plan ahead for taxes since every year is different in terms of gain or loss? I know one option is to…
Tax traps for startups with no income
It has been said that two things in life are certain: death and taxes. Although a corporation can cheat death, taxes are certain and if not properly planned can be debilitating to a business.
This article provides a high-level review of…
Starbucks pays just £5m in UK corporation tax on £95m gross profit | Starbucks
Starbucks paid just £5.4m in UK corporation tax last year despite grossing a gross profit of £95m.The company, which has faced years of heavy criticism for paying very little tax in the UK, paid out £26.5 million in royalties, almost five…
Excess profit tax proposals respond to timing, but lawmakers should keep an eye on the fundamental…
Several recent proposals introduced in Congress would tax excess corporate profits, that is, profits that have landed in the hands of companies and their shareholders due to market power or!-->…
Gas and sales tax exemptions clear Connecticut legislature | Business
By SUSAN HAIGH - Associated Press
HARTFORD, Conn. (AP) - Connecticut will temporarily suspend its 25-cent-per-gallon excise tax on gasoline after a bipartisan…
Tax hacks: 3 small business tax breaks you need to know
Post views: 24If there's one thing that makes running a small business a pain, it's taxes!While you may have been told that taxes are the price you pay for civilizations, these are the same taxes that can hold you back from scaling your…
The Law of the Market: Talking About Qualified Business Income Tax
Whether we like it or not, we are now immersed in the heart of tax time. As you may know, Section 199A of the Internal Revenue Code provides most New Hampshire business owners with an annual federal income tax deduction of 20% on their…
Hunter Biden has paid the tax bill, but the federal investigation continues
WASHINGTON — In the year since the disclosure of a federal investigation into his "tax affairs" in late 2020, President Biden's son, Hunter Biden, has paid a large tax debt, even as a grand jury continued to gather evidence in a full-scale…
‘Working from home’ offers no tax benefits, but ‘maker economy’ drives home…
Advice for new independent registrants Working from home may offer some conveniences, but don't count tax relief among them. The COVID-19 pandemic has changed the way Americans work, with many adopting a remote setup. Some companies…
Does Mayo Clinic pay taxes on business income? It Depends – Post Bulletin
Could you help us all by telling us if any of these "Other" for-profit sources of income for Mayo Clinic are taxed and do not fall under the "non-profit" category? Thank you. It's great to see some companies' profits being…
Budget deal reached in Olympia pays for tenant relief, mental health and student loan program
OLYMPIA — Democratic lawmakers in Washington on Wednesday announced a $64.1 billion budget deal that injects new dollars into government programs and funds a new transportation program, raises for state employees, aid to housing and…
Biden calls for lower child care costs and expanded CTC payments during State of the Union address
During his State of the Union address on March 1, President Joe Biden called for extending child tax credit payments and reducing child care costs. (iStock) President Joe Biden advocated for an extension of the expanded Child Tax…
Davenport University Students Offer Free Tax Assistance to Low-Income Individuals and Families in…
GRAND RAPIDS, Michigan--(BUSINESS WIRE)--Today, Davenport University announced the opening of 10 Tax Assistance Centers in Kent and Ottawa counties, with students and faculty providing low-income families and individuals with a…
Give and take: Culpeper County to pass meal tax and eliminate $25 vehicle registration fee |…
Culpeper County is preparing the legal framework to enact a meal tax for the first time in its history.At the same time, in order to soften the perception that any new tax is a bad tax, Culpeper County, as of Tuesday,…
SC Owners Downsizing Could End Up With Higher Tax Bills | Business
There are many reasons why people might downsize to a smaller, cheaper home, and in many states, saving…
Kentucky bill proposes phase-out of personal income tax
FRANKFURT, Ky. A key House Republican on Friday proposed phasing Kentucky's personal income tax rate, with the long-term goal of eliminating the levy, in a sweeping move that would expand the tax state sales to a multitude of…
New York prosecutors probe Trump’s resignation after disagreement with district attorney
Donald Trump may be on the verge of escaping legal peril once again.
A long-running investigation into Trump's business practices from the Manhattan District Attorney's Office appears to have gone off the rails, with the two lead…
Where is my refund? 2021 tax returns may experience delays
ALBANY, N.Y. (NEWS10) — Capital region tax preparers spoke of months-long delays in people's tax refunds last June. Clients whose tax returns were filed in February were still asking, "Where's my refund?" four months later,…
Local Governments Must Oppose Business Property Tax Cut | Opinions
The city of Rome was the first locally, but it should not be the last.Last week, the small lakeside town in…
Singapore plans sales tax hike from next year, more business support | The mighty 790 KFGO
SINGAPORE (Reuters) - Singapore will start implementing an increase in its goods and services tax from next year, Finance Minister Lawrence Wong said in his budget speech on Friday, in which he also said announced a series of tax hikes…
EXCLUSIVE Brazil considering tax exemption for foreign investors in corporate bonds, says Ministry…
A chart showing the real exchange rate of the U.S. dollar and that of several foreign currencies is pictured in Rio de Janeiro, Brazil, December 16, 2015. REUTERS/Ricardo MoraesJoin now for FREE unlimited access to…
Virginia Supreme Court Awards Reynolds Tobacco $11 Million Reimbursement in Tax Dispute | Local
Lorillard initially included the value of all of its leaf tobacco inventory in the Danville warehouses in its property tax calculations.In 2011, Lorillard filed a request with the IRS that accounting for the aging of tobacco at the Danville…
TAX MAN: DHHL, spend your money!
The State Department of Native Hawaiian Lands administers approximately 200,000 acres of public land for lease to Native Hawaiians, on which they may live, farm, ranch, and engage in business and other activities.
The department, headed by…
Craig School business students by day, free tax preparers by weekends
Fresno State Image
published on February 11, 2022 - 10:14Written by the staff of The Business Journal
Accounting and finance students at the Craig School of Business at Fresno…
Kentucky House votes to grant relief on vehicle tax bills
FRANKFURT, Ky. The Kentucky House voted Wednesday to provide relief to taxpayers hit by steep increases in their vehicle property tax bills, caused by a pandemic-related increase in used car values. The measure sailed through the…
White House: File your taxes to get full child tax credit
The Biden administration is launching an awareness campaign to get millions of families to file their taxes — so they can receive the second half of the expanded child tax credit payments.
Vice President Kamala Harris,…
Georgia state tax revenue bonanza continues through January
ATLANTE Tax revenues continue to flow into Georgia's state coffers, supporting Gov. Brian Kemp's plan for a big spending boost and possible tax cut. Figures released Friday show Georgia's general fund raised $17.8 billion through…
CyrusOne Inc. Announces 2021 Distribution Tax Allocations | national company
DALLAS--(BUSINESS WIRE)--February 1, 2022--CyrusOne Inc. (NASDAQ: CONE),…
More Americans eligible for earned income tax credit in 2022
(WJW) — The Internal Revenue Service says more people without children are now eligible for greater tax relief.
The earned income tax credit is the federal government's largest refundable tax credit for low- to middle-income…
Pandemic hits city over taxes on local businesses and services | News, Sports, Jobs
The City of Williamsport saw a more than 6% decline in business lien and business product tax collection based on 2020 revenue, which the city treasurer said was not good thing to…
Department of Justice Seeks to Shut Down Florida Tax Preparer | takeover bid
On January 25, the United States filed a civil injunction suit seeking to enjoin Arnold Zio, individually and doing business as Platinum Citizens Financial LLC and FTP Tax Services, from owning or operating a tax preparation business. tax…
Snow: House Republicans advance $1 billion tax cut package to help Hoosiers and businesses
Tuesday, January 25, 2022 5:53 PM
…
Agricultural Loan Exemption, Tax Cuts, Fiscal Prudence: 2022 Budget Expectations
The Union budget for the financial year 2022-23 (FY23) due to be unveiled on 01 February comes at a time when the Indian economy is facing multiple challenges in the form of rising oil prices crude oil and persistent inflation…
Republican lawmakers hope tax cut bills will gain traction
Republicans in the General Assembly pledge to move forward with tax cut legislation, citing the state's growing surplus, now projected at more than $800 million.
Bills tabled last year remained in committee.!-->…
Indiana House approves corporate tax cuts, Hoosiers | Northwest Indiana Commercial Securities
Records show that Indiana must already deposit $545.5 million into the teachers' retirement fund, in addition to the state's statutorily required contribution, as part of the automatic taxpayer refund triggered by the excess reserves of the…
New York Attorney General Outlines Possible Fraud Pattern at Trump Business
New York State Attorney General Letitia James on Tuesday night accused Donald J. Trump's family business of repeatedly misrepresenting the value of its assets to bolster its bottom line, saying in court papers that the company had engaged…
Tax department detects Rs400 crore of irregularities in Haryana-based company
NEW DELHI :
The income tax department said on Monday it detected ₹400 crores of irregularities in a group of diversified companies during searches carried out in Haryana.
More than 30…
Get a jump on tax season by learning accounting skills
Running the business of your dreams is exciting. Turning a vision into reality and seeing the validation of your ideas – all while making money – is one of the greatest feelings entrepreneurs have. But managing money and compliance is one…
‘Davos Man’, Marc Benioff and the Covid pandemic
He frequently tells the story of his supposed inspiration for founding Salesforce. Despite success at Oracle, where he worked early in his career, Mr Benioff was plagued with existential doubt, prompting him to take a sabbatical in…
Employee Retention Credit – Don’t Miss Out
One of the biggest benefits of the COVID-19 relief provisions has been the Employee Retention Credit (ERC). It has recently gained more attention, but many taxpayers are still unaware of its benefits. The ERC is a fully refundable IRS…
Business Post reduces pre-tax loss to € 215,000 despite the impact of the pandemic
The company behind the newspaper and website Business Post cut its losses in 2020 by limiting the drop in revenue to 1.7% despite the impact of Covid-19 on its event business.…
Exodus from high-tax states accelerated during pandemic, analysis finds
Find out what clicks on FoxBusiness.com.
The exodus from high-tax states intensified in 2021. A new report from the Tax Foundation, a non-partisan group that advocates lower taxes, has found that increasing numbers of Americans have…
Ricketts and lawmaker pledge to use excess income to cut taxes
LINCOLN, Neb. (AP) - Nebraska Gov. Pete Ricketts and a key legislative leader on Thursday pledged to cut taxes with the $ 412 million in excess revenue the state has collected over the past year.Ricketts and State Senator Lou Ann Linehan,…
Governor calls for tax cuts, school reforms and work priorities
DES MOINES, Iowa (AP) - Gov. Kim Reynolds said Tuesday that residents of Iowa can expect another round of tax cuts, a bill to urge unemployed Iowa's to find jobs and proposals to address the shortage of teachers and daycare centers.The…
Revised GDP data set to lead to lower taxes for telecom operators
Ideas & Debate
Revised GDP data set to lead to lower taxes for telecom operators
Monday 03 January 2022
By Rebecca WanjikuMore from this author
Summary
With regard to the information and communication technology…
State Nonprofit Tax Credits Available Jan 1 | News
Mississippi taxpayers can ease their financial burden for the upcoming tax season with credit to nonprofit…
Senate finance bill would increase energy credits and reduce tax increases
Such upgrades could mean a shift to smart systems designed to save energy, a growing market that includes companies like circuit breaker maker Eaton Corp., which has reported lobbying lawmakers for incentives to clean energy bill.Eaton,…
Target Affiliate Battles Florida Department of Revenue Over Taxes
An affiliate of the Target retail chain is battling the Florida Department of Revenue over millions of!-->…
Tax wedge: Revoke a tax option on the property
QUESTION: I bought a commercial property in 1990 because the seller was charging me VAT. I had to choose to tax the property to recover the VAT. I rented the property from a local!-->!-->!-->…
Out-of-state purchases still contribute to Wisconsin sales tax benefits
GREEN BAY, Wisconsin (WBAY) - Many of us have spent the past few weeks, if not months, shopping for Christmas presents. In fact, when locals in our area buy from out-of-state retailers, Wisconsin still enjoys the benefits of state sales…
Tencent hands shareholders $ 16.4 billion windfall in JD.com stake
A Tencent logo is seen in Beijing, China on September 4, 2020. REUTERS / Tingshu WangRegister now for FREE and unlimited access to Reuters.comRegisterMove comes as Beijing attacks tech companiesJD.com shares plunge 11.2%, Tencent up…
Davos is postponed due to the spread of Omicron
Omicron forces another change The World Economic Forum said this morning it was postponing its annual meeting in Davos, Switzerland, from next month to "early summer," citing the spread of the Omicron variant. The move suggests new…
The way forward for Biden: overcoming Manchin’s inflation fears
Today's inflationary surge stems from a confluence of factors, many of which are linked to the pandemic. The coronavirus has shut down factories and clogged ports, disrupting the supply of goods Americans stranded at home wanted to buy,…
Chinese companies linked to CPEC projects escape fiscal commitments in Bangladesh
China, which already suffers from a bad corporate ethics image, has suffered another blow as Chinese companies violated the country's laws in Bangladesh, causing losses to the public treasury.
Bangladeshi authorities have…
Stock of gifts: advantages, tax implications
Giving stocks can be more valuable than money and a way to pass on wealth or give to charity.
Donations in inventory valued at less than $ 15,000 eliminate the…
Congress Sends $ 2.5T Debt Limit Increase to Biden, Avoiding Default | Economic news
By BRIAN SLODYSKO, Associated PressWASHINGTON (AP) - Congress avoided a catastrophic default early Wednesday morning after Democratic majorities in both houses voted to send a $ 2.5 trillion increase in the country's borrowing power to…
French justice reduces the fine for tax evasion of UBS to 1.8 billion euros
UBS shares rise 2% after court fineCourt confirms money laundering allegationUBS will decide how to proceedPARIS, Dec. 13 (Reuters) - A Paris appeals court on Monday reduced to 1.8 billion euros ($ 2.03 billion) the penalty UBS (UBSG.S)…