Articles for Corporate Tax

Low Dutch corporate tax rate should be scrapped, fails to help small businesses
2 days, 17 hours ago

Low Dutch corporate tax rate should be scrapped, fails to help small businesses

NL Times  

The low corporate income tax rate is not suitable to support small and medium-sized enterprises and it would be better if it is abolished, said the Netherlands Bureau for Economic Policy Analysis after conducting research. "Of the 3 billion euros in tax benefits that the low corporate income tax rate yields this year, more than half will end up with …

Corporate Tax Companies Low Cpb
How big corporates are choking middle class, hurting India growth story
6 days, 17 hours ago

How big corporates are choking middle class, hurting India growth story

India Today  

Industrialists and corporates played a big role in building the India Story and shaping its emerging economy. "India grew at 5.4% in the July-September quarter and the consumption component has been seeing lower growth in the last four-five quarters," political analyst and commentator Amitabh Tiwari tells India Today Digital. Salary hike: average wages across six sectors Sector 2019 2020 2021 …

India Growth Corporate Tax Taxes Income Tax Corporate Tax
Trump pledges to lower corporate tax to 15%, big incentives for US manufacturers
1 week, 3 days ago

Trump pledges to lower corporate tax to 15%, big incentives for US manufacturers

India Today  

US President-elect Donald Trump on Thursday announced a reduction in corporate taxes to 15 per cent as he outlined his plans for the economy while ringing the New York Stock Exchange’s opening bell, after being named as Time magazine's person of the year. He vowed to lower the corporate tax rate from 21 per cent to 15 per cent and …

Trump Corporate Tax Cent Going
Surcharge revenue triples in two years to Rs 1.39 lakh crore
1 month ago

Surcharge revenue triples in two years to Rs 1.39 lakh crore

Deccan Chronicle  

Chennai: The surcharges levied by the government upon different taxes tripled in the past two years to a total of Rs 1.39 lakh crore in FY24 against Rs 40,758 crore in FY22. Of the surcharge revenue received in FY24, that from corporate tax accounted for Rs 59,000 crore and that from income taxes other than corporate tax stood at Rs …

Tax Income Tax Corporate Tax Surcharge Revenue Cent Two Years
India Expects to Surpass Rs 22 Lakh Cr Direct Tax Target
1 month ago

India Expects to Surpass Rs 22 Lakh Cr Direct Tax Target

Deccan Chronicle  

New Delhi: The government on Monday said that it would exceed the Rs 22 lakh crore direct tax collection target set for the current fiscal year. As per the latest data released by the tax department between April 1 and November 10, net direct tax collection has grown 15.41 per cent to Rs 12.11 lakh crore, including net corporate tax …

Corporate Tax Assets Corporate Tax Crore Foreign Lakh
Bloomberg Open Interest 11/04/2024
1 month, 2 weeks ago

Bloomberg Open Interest 11/04/2024

Bloomberg  

00:00 One day to go until the official start of voting, 30 minutes until the start of the cash trade. I mean, that means the Fed is it's fairly restrictive, which is the view they've stated, and they're going to kind of gradually cut themselves, you know, back to that. So I think it's you know, it's the data and …

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Centre launches process to revamp income-tax regime
2 months, 2 weeks ago

Centre launches process to revamp income-tax regime

Hindustan Times  

NEW DELHI: The Union government on Monday formally launched the process to revamp the existing income-tax regime with four key objectives in mind – simplification of language, reduction of litigations, ease of compliance, and scrapping of obsolete provisions. “The goal is to make the Act concise, clear, and easy to understand, which will reduce disputes, litigation, and provide greater tax …

Tax Corporate Tax Regime Sitharaman Act
Kamala Harris proposes raising corporate tax rate to 28 percent; Here's all you need to know
4 months ago

Kamala Harris proposes raising corporate tax rate to 28 percent; Here's all you need to know

Hindustan Times  

U.S. Vice President Kamala Harris is proposing to increase the corporate tax rate to 28% from 21% if she wins a November election against Republican rival Donald Trump, her campaign said on Monday. Kamala Harris, a Democrat, has pledged to maintain President Joe Biden's promise not to raise taxes on people who make $400,000 or less a year. The Committee …

Tax Trump Harris Democrat Kamala Harris Corporate Tax Rate Raising Corporate
Kamala Harris’ Big Economic Speech Breaks With Biden And Continues His Legacy
4 months, 1 week ago

Kamala Harris’ Big Economic Speech Breaks With Biden And Continues His Legacy

Huff Post  

President Joe Biden and Vice President Kamala Harris, the Democratic presidential nominee, arrive to speak about the administration's efforts to lower costs during an event at Prince George's Community College in Largo, Maryland, on Thursday. Susan Walsh via Associated Press Vice President Kamala Harris will propose a ban on price gouging by food companies, along with incentives to build new …

Corporate Inflation Campaign Trump Economic Prices Democratic
Budget 2024: How the new tax regime announced by Sitharaman will impact taxpayers?
5 months ago

Budget 2024: How the new tax regime announced by Sitharaman will impact taxpayers?

India TV News  

Budget 2024: Finance Minister Nirmala Sitharaman on Tuesday presented her seventh straight Budget for the fiscal 2024-25. In a significant move, Sitharaman unveiled new income tax slabs under the revised tax regime. Here are the new and old income tax slabs New income tax slabs 0-3 lakh: Nil 3-7 lakh: 5% 7-10 lakh: 10% 1-12 lakh 15% 12-15 lakh 20% …

Finance Tax Budget Corporate Tax Income 2024 Lakh
Budget 2024 Capital Gains taxation: Corporate tax for foreign companies slashed to 35%, charities, cruise operations taxation revised
5 months ago

Budget 2024 Capital Gains taxation: Corporate tax for foreign companies slashed to 35%, charities, cruise operations taxation revised

The Hindu  

Simplifying the tax regime for corporate industries, Union Finance Nirmala Sitharaman on Tuesday, proposed new tax structures for charities, foreign shipping companies, rationalisation of capital gains in her 2024 Budget speech. Ms. Sitharaman’s speech lasted just shy of ninety minutes “58% of corporate tax came from the simplified tax regime in 2022-23 and more than 2/3rd of taxpayers have used …

India Corporate Tax Capital Capital Gains Term Foreign Sitharaman
How middle class pays more taxes than corporates, and gets ignored too
5 months ago

How middle class pays more taxes than corporates, and gets ignored too

India Today  

Read Full Budget 2024 Coverage The middle class, the tax-paying population of India, stares at the face of the government every time the Budget day approaches. Revenue Receipts 2019-2020 2021-2022 2022-2023 2023-2024 2024-2025 Corporate Tax 556,876 712,037 825,834 922,675 1,042,830 Income Tax 492,654 696,243 833,260 1,022,325 1,156,000 Source: Government of India data The taxes were reduced to boost capital expenditure, …

Finance India Population Corporate Tax Taxes Budget
Union Budget 2024: Read Finance Minister Nirmala Sitharaman's full speech
5 months ago

Union Budget 2024: Read Finance Minister Nirmala Sitharaman's full speech

India Today  

Union Finance Minister Nirmala Sitharaman presented the first budget of the Narendra Modi government’s third term on Tuesday in Parliament. Budget Priorities Productivity and resilience in Agriculture Employment & Skilling Inclusive Human Resource Development and Social Justice Manufacturing & Services Urban Development Energy Security Infrastructure Innovation, Research & Development and Next Generation Reforms Subsequent budgets will build on these, and …

Finance India Social Justice Nuclear Energy Bihar Tax Budget
Robert Reich debunks the myth that 'corporate tax cuts create jobs'
5 months ago

Robert Reich debunks the myth that 'corporate tax cuts create jobs'

Raw Story  

I’m tired of hearing Republicans claim that we should reduce taxes on corporations because corporate tax cuts create jobs. Also untrue are the repeated Republican assertions that tax increases on corporations, and regulations requiring corporations to better protect the health and safety of their consumers and workers and the environment, are “job killers.” Here’s the truth: Most American jobs are …

Jobs Corporate Tax Create Ford Corporations Tax Cuts More Jobs
India's 2024 Budget: A push for tax reform
5 months ago

India's 2024 Budget: A push for tax reform

India Today  

The 2024 Budget, scheduled for July 23, may see tweaks to key tax policies to boost government revenue — bold steps to tackle tax evasion and improve tax compliance. 1980: For every Rs 100 collected, Rs 11 came from income tax, Rs 12 from corporate tax, Rs 1 from other direct taxes, and Rs 76 from other indirect taxes. 2000: …

India Budget Corporate Tax Cent Income Taxes Ratio 2024 Budget
Will Trump abolish income tax? Here's what US economy may look like if he wins
6 months, 1 week ago

Will Trump abolish income tax? Here's what US economy may look like if he wins

Firstpost  

The abolition of US federal income tax would lead to a shortfall of $2.1 trillion in government revenues, according to an expert Former US President Donald Trump has proposed abolishing federal income tax if he wins the US presidential election. 🧐 pic.twitter.com/hw0k8gwlGa — Thomas Massie June 13, 2024 Separately, in a meeting with business leaders, Trump has said he would …

Trump Income Tax Corporate Tax Income Leaders Republican Cost
Amid debate about inheritance tax, rising share of personal income tax and indirect tax remains a concern
7 months, 3 weeks ago

Amid debate about inheritance tax, rising share of personal income tax and indirect tax remains a concern

The Hindu  

Over the last week, during the election campaign, the Congress’ manifesto and the party’s emphasis on social justice and welfare were suddenly thrust into the limelight. The data also show that revenues from personal income tax and securities transaction tax grew at almost double the pace compared to revenues from corporate taxes last year. Chart 1 | the chart shows …

India Personal Corporate Data Taxes Congress Income Tax
Georgia lawmakers approve income tax cuts for people and businesses
9 months ago

Georgia lawmakers approve income tax cuts for people and businesses

Associated Press  

ATLANTA — Income taxes for Georgia residents and businesses are set to fall after the state Senate gave final passage to a pair of tax cuts Wednesday. House Bill 1023, which passed 34-17, would decrease the corporate income tax rate to match that of individuals. But the only person who spoke against the cuts was Sen. Colton Moore, a Trenton …

Georgia Tax Income Senate Republican State House
Biden to call in State of the Union for business tax hikes, middle class tax cuts and lower deficits
9 months, 2 weeks ago

Biden to call in State of the Union for business tax hikes, middle class tax cuts and lower deficits

Associated Press  

WASHINGTON — President Joe Biden is going into Thursday’s State of the Union address with an expanded plan to raise corporate taxes and use the proceeds to trim budget deficits and cut taxes for the middle class. State of the Union 2024 President Joe Biden delivered his 2024 State of the Union address, hammering Republican lawmakers on immigration, tax policy …

Corporate Tax Republican Biden President Tax Hikes State Of The Union
AP derives benefit from waiver of old corporate tax cases
10 months, 3 weeks ago

AP derives benefit from waiver of old corporate tax cases

Deccan Chronicle  

Vijayawada: Andhra Pradesh derives benefit in several sectors from the Interim Union Budget presented in Parliament on Thursday. As the Union finance minister announced waiver of court cases pertaining to corporate tax between 1962 and 2014, AP would get maximum benefit as a good number of cases pertaining to micro units were pending in courts.AP had established a large number …

Budget Corporate Tax Benefit
Budget 2024 explained: What is direct tax, income tax and how are they imposed?
10 months, 3 weeks ago

Budget 2024 explained: What is direct tax, income tax and how are they imposed?

Hindustan Times  

As the country awaits Interim Budget 2024, taxes are an area of great interest in the budget speech which will be made by Union Finance Minister on February 1 in the parliament. Budget 2024: Direct Tax is a tax paid directly by individuals or organisations based on their earnings. Direct tax is a tax paid directly by individuals or organisations …

Income Tax Corporate Tax Capital Gains Tax Income Budget 2024 Wealth Tax Direct Tax
Budget 2024: What are direct taxes? Types and significance
11 months, 2 weeks ago

Budget 2024: What are direct taxes? Types and significance

Hindustan Times  

For the sixth consecutive year, Union minister Nirmala Sitharaman is set to present the Budget for the fiscal year 2024-25 on February 1. Examples of direct taxes include income tax, real property tax, personal property tax, and taxes on assets. Difference between direct and indirect taxes A direct tax is the opposite of an indirect tax, wherein the tax is …

Property Taxes Budget Assets Income Tax Corporate Tax Income
Netherlands responsible for 17% of $301 billion annual tax avoidance by businesses
1 year, 4 months ago

Netherlands responsible for 17% of $301 billion annual tax avoidance by businesses

NL Times  

The Netherlands is responsible for 17 percent of the 301 billion dollars in tax avoidance committed by companies per year, according to calculations by the Tax Justice Network. Two years ago, the Tax Justice Network calculated that 6.3 percent of tax avoidance by companies happened through the Netherlands. Arnold Merkies, coordinator of the Tax Justice Network’s Dutch sister organization, told …

Netherlands Corporate Tax Tax Avoidance Avoidance Tax Justice
Will California take a hard look at tax breaks for wealthy and businesses amid growing deficit?
1 year, 10 months ago

Will California take a hard look at tax breaks for wealthy and businesses amid growing deficit?

Salon  

Every year, state financial analysts offer up a dutiful tally of the billions of dollars that California forgoes in revenue due to the tax breaks it offers cable companies, timber companies, the oil and gas industry, homeowners, renters, parents of young children and lottery winners, to name a few who reap such rewards. Those circumstances may explain why the California …

Corporate Tax State Billion Newsom Jackson Tax Breaks Breaks