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Category: Tax Matters

Japan LDP tax chief says raising corporate tax is option to fund defence buildup -Nikkei – Reuters

Posted on 10/14/202211/08/2022 By Blogominded No Comments on Japan LDP tax chief says raising corporate tax is option to fund defence buildup -Nikkei – Reuters / Views: 1005
Japan LDP tax chief says raising corporate tax is option to fund defence buildup -Nikkei – Reuters

The head of tax policy at Japan’s ruling Liberal Democratic Party (LDP) said on Friday that raising corporate taxes was an option to fund the country’s defence build-up, the Nikkei newspaper said.

Tax Matters

These are the wealthiest US states, according to a new report — and a wealth tax on the country’s richest would raise $415 billion

Posted on 10/13/202211/08/2022 By Blogominded No Comments on These are the wealthiest US states, according to a new report — and a wealth tax on the country’s richest would raise $415 billion / Views: 1005
These are the wealthiest US states, according to a new report — and a wealth tax on the country’s richest would raise $415 billion

There might be billions of dollars of untaxed wealth in your state — and it’s one reason why sales taxes are so high.

Tax Matters

French lawmakers vote special tax on dividends of large companies making windfall profits – Reuters.com

Posted on 10/13/202211/08/2022 By Blogominded 3 Comments on French lawmakers vote special tax on dividends of large companies making windfall profits – Reuters.com / Views: 1006
French lawmakers vote special tax on dividends of large companies making windfall profits – Reuters.com

Lawmakers in France’s National Assembly late on Wednesday voted in favour of an amendment which would raise taxes on dividends paid out by large corporations to their shareholders after making extraordinary profits.

Tax Matters

CVS drops prices on its tampons and will pay the ‘pink tax’

Posted on 10/12/202211/08/2022 By Blogominded 2 Comments on CVS drops prices on its tampons and will pay the ‘pink tax’ / Views: 1006
CVS drops prices on its tampons and will pay the ‘pink tax’

CVS will reduce prices on its store-branded menstrual products nationwide and pay the sales taxes on those products in a dozen states.

Tax Matters

Fearing economic slowdown, many cities rein in spending

Posted on 10/12/202211/08/2022 By Blogominded No Comments on Fearing economic slowdown, many cities rein in spending / Views: 1006
Fearing economic slowdown, many cities rein in spending

Cities, towns and villages are expecting to curb spending by nearly 3% for fiscal 2022 compared with the year before, in anticipation of an economic slowdown in the near future, according to the National League of Cities’ annual City Fiscal Conditions report.

Tax Matters

Bank of England warns risk of UK financial crisis hasn’t gone away

Posted on 10/11/202211/08/2022 By Blogominded No Comments on Bank of England warns risk of UK financial crisis hasn’t gone away / Views: 1008
Bank of England warns risk of UK financial crisis hasn’t gone away

For the second time in two days, the Bank of England has been forced to offer extra support to UK markets still reeling from the government’s announcement last month that it would slash taxes and increase borrowing.

Tax Matters

French government favours raising taxes on private jets -minister – Reuters

Posted on 10/08/202211/08/2022 By Blogominded 2 Comments on French government favours raising taxes on private jets -minister – Reuters / Views: 1012
French government favours raising taxes on private jets -minister – Reuters

The French government is in favour of raising taxes for private jets next year by aligning the taxation of aviation fuels with that of fuels used by cars, environment minister Christophe Bechu said on Saturday.

Tax Matters

Mukesh Ambani, the second-richest person in Asia, joins the list of ultra-rich people opening a family office in Singapore

Posted on 10/07/202211/08/2022 By Blogominded No Comments on Mukesh Ambani, the second-richest person in Asia, joins the list of ultra-rich people opening a family office in Singapore / Views: 1014
Mukesh Ambani, the second-richest person in Asia, joins the list of ultra-rich people opening a family office in Singapore

Lured by low taxes, many ultra-rich people have established offices in Singapore in recent years, including Sergey Brin and James Dyson.

Tax Matters

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