Topic filter : Tax Rate

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....Critics immediately called it “basically a huge tax cut for the rich”. The plan would cut the US’s individual income tax brackets from seven to three (10%, 25% and 35%) and slash US corporate tax rates from 35% to 15%. ... [Read full article on Guardian ]
Wednesday 26th of April 2017 06:35:17 PM
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....So delegation after delegation of ministers, mayors and assorted financial centre lobbyists have been filling London’s best hotels and providing a welcome boost to the high-end restaurant trade. Luxembourg, Frankfurt, Dublin and others have been making glossy presentations about their cities’ competitive advantages over London: lower property costs, lower corporate tax rates, Michelin-starred restaurants, and Porsche dealerships – all the essential services that make up a vibrant financial centre. ... [Read full article on Guardian ]
Wednesday 26th of April 2017 07:08:45 AM
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....The Trump administration has proposed slashing the rate of corporation tax with the aim of spurring economic growth, the Treasury Secretary said. Steven Mnuchin unveiled President Trump's blueprint, which aims to cut the business tax rate from 35% to 15%. ... [Read full article on BBC ]
Wednesday 26th of April 2017 12:20:53 PM
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....”. Trump’s plan, which would have to be adopted by Congress to take effect – far from a given – would introduce a new tax rate of 15% for owner-operated businesses known as pass-throughs, which are called that because, for tax purposes, income is “passed through” from the business balance sheet to individual owners and taxed like personal income. ... [Read full article on Guardian ]
Thursday 27th of April 2017 01:33:58 PM
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....6m (£53. 7m), due in part to a more favourable tax rate. ... [Read full article on BBC ]
Monday 24th of April 2017 03:00:22 PM
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.... The index was boosted by technology giants such as Amazon, Apple, Microsoft, Google and Facebook, which will be among the main beneficiaries of any Trump tax reforms. The president’s long-awaited announcement is now expected on Wednesday, with suggestions of a cut in corporation tax from 35% to 15% and possible reductions in income tax rates, particularly for middle-income earners. ... [Read full article on Guardian ]
Tuesday 25th of April 2017 05:35:25 PM
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. During the election campaign, Donald Trump called for a simpler tax code and lower tax rates on business and families. ... [Read full article on BBC ]
Wednesday 26th of April 2017 03:35:41 PM
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....3% fall in third-quarter profit, caused by slowing consumer spending. President Donald Trump proposed slashing the US tax rate on corporate and pass-through business profits to 15% from 35% or more. ... [Read full article on BBC ]
Wednesday 26th of April 2017 08:19:48 PM
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Latest Finance News related to Tax Rate

​Trump tax plan could save him millions under guise of helping small businesses image
....”. Trump’s plan, which would have to be adopted by Congress to take effect – far from a given – would introduce a new tax rate of 15% for owner-operated businesses known as pass-throughs, which are called that because, for tax purposes, income is “passed through” from the business balance sheet to individual owners and taxed like personal income. ...
Wall Street edges down after Trump tax plan image
Source : BBC [Read Article] Wednesday 26th of April 2017 08:19:48 PM
....3% fall in third-quarter profit, caused by slowing consumer spending. President Donald Trump proposed slashing the US tax rate on corporate and pass-through business profits to 15% from 35% or more. ...
Trump under fire over 'huge tax cut for the rich' image
Source : Guardian [Read Article] Wednesday 26th of April 2017 06:35:17 PM
....Critics immediately called it “basically a huge tax cut for the rich”. The plan would cut the US’s individual income tax brackets from seven to three (10%, 25% and 35%) and slash US corporate tax rates from 35% to 15%. ...
Trump seeks tax windfall for business image
Source : BBC [Read Article] Wednesday 26th of April 2017 12:20:53 PM
....The Trump administration has proposed slashing the rate of corporation tax with the aim of spurring economic growth, the Treasury Secretary said. Steven Mnuchin unveiled President Trump's blueprint, which aims to cut the business tax rate from 35% to 15%. ...
Will London survive as a financial centre after Brexit? image
Source : Guardian [Read Article] Wednesday 26th of April 2017 07:08:45 AM
....So delegation after delegation of ministers, mayors and assorted financial centre lobbyists have been filling London’s best hotels and providing a welcome boost to the high-end restaurant trade. Luxembourg, Frankfurt, Dublin and others have been making glossy presentations about their cities’ competitive advantages over London: lower property costs, lower corporate tax rates, Michelin-starred restaurants, and Porsche dealerships – all the essential services that make up a vibrant financial centre. ...
Stock markets surge to new highs ahead of Trump's tax reform plan image
Source : Guardian [Read Article] Tuesday 25th of April 2017 05:35:25 PM
.... The index was boosted by technology giants such as Amazon, Apple, Microsoft, Google and Facebook, which will be among the main beneficiaries of any Trump tax reforms. The president’s long-awaited announcement is now expected on Wednesday, with suggestions of a cut in corporation tax from 35% to 15% and possible reductions in income tax rates, particularly for middle-income earners. ...
Toy-maker Hasbro revenues boosted by Monopoly sales image
Source : BBC [Read Article] Monday 24th of April 2017 03:00:22 PM
....6m (£53. 7m), due in part to a more favourable tax rate. ...
As newlyweds, what capital gains tax will we pay if we sell one of our flats? image
.... If you sell the home you are living in and buy another home to live in, you won’t have to pay the higher rate, which is the standard stamp duty rate plus 3%. If, however, you bought a holiday home or property to let out, you would have to pay the higher tax rate. ...
IMF shifts from dismal to pessimistic, but has a sharper message about inequality | Greg Jericho image
....These results fit nicely with a new study published this week that found taxation “reforms” since the mid-1980s in Australia, New Zealand and Norway did nothing to improve economic growth, and instead just increased inequality – especially with more of the nations’ incomes going to the richest 1%:. The study’s authors conclude, these tax reforms, which lowered the top tax rate and made the system less progressive, did not “increase the size of the cake”, but did provide the wealthiest with a bigger share. ...
Corbyn attacks M&S and other big firms over late supplier payments image
Source : Guardian [Read Article] Tuesday 11th of April 2017 11:13:04 AM
....Any company bidding for public-sector contracts with a future Labour government would have to pay its own suppliers within 30 days, Corbyn said on Tuesday, and Labour would consider creating a binding arbitration system, with fines for persistent late-payers. The Labour leader pledged not to increase the corporation tax rate for small businesses and to scrap quarterly reporting for businesses with turnover of less than £83,000, calling it “a burden, a distraction, that will hold entrepreneurs back”. ...
Trump tax cut plan will be as big a flop as failed healthcare reforms | Nouriel Roubini image
.... It won’t be, not least because the Republicans’ initial proposals would add trillions of dollars to budget deficits, and funnel more than 99% of the benefits to the top 1% of the income distribution. A plan offered by Republicans in the House of Representatives to reduce the corporate tax rate from 35% to 15%, and to make up for the lost revenues with a border adjustment tax (BAT), is dead on arrival. ...
EU financial centres vie to poach tens of thousands of City jobs image
Source : Guardian [Read Article] Monday 3rd of April 2017 05:30:14 AM
....A wide-ranging review of reports, research papers and press releases showed that the French government had come under intense pressure to match London’s business-friendly environment. The socialist administration has been urged to cut its headline corporation tax rate from 33% to 25% to close the gap with the UK’s, where corporation tax falls to 19% this month. ...
Cash in the pocket image
Source : BBC [Read Article] Friday 31st of March 2017 09:16:50 PM
....Those on welfare will feel the squeeze especially, as payment rates are frozen for the second year in succession, and the generosity of some benefits are reduced. However, those in work are likely to become better off, as tax rates become more generous, and the National Living Wage also rises. ...
Google reveals latest UK tax bill image
Source : BBC [Read Article] Friday 31st of March 2017 02:19:00 PM
....One reason for the discrepancy is that it treats its business here as a development and marketing services operation. Sales are booked in the Irish Republic, where the tax rate happens to be lower. ...
Protesters target Connecticut's uber wealthy with 'tax bills' in bid to end loophole image
.... State lawmakers don’t have the power to rewrite the federal tax code, but advocates are pushing for a bill that would end carried interest in Connecticut. The bill, HB 6973, would add a local surcharge to the investors’ tax bill, taking them up to the top tax rate of 39. ...
Council tax bills to rise in nine out of 10 English local authorities image
Source : Guardian [Read Article] Sunday 26th of March 2017 11:01:43 PM
....The figures mark a stark contrast to rate changes five years ago, when 90% of local authorities froze or cut council tax and just 35 raised it. In 2015-16, seven councils cut their council tax rates. ...
Apple 'paid no tax' in New Zealand for at least a decade image
Source : BBC [Read Article] Thursday 23rd of March 2017 09:09:46 AM
....". Some tax experts have called the arrangement unusual given that Australia's corporate tax rate of 30% is higher than New Zealand's. ...
Why becoming a tax haven would be bad news for Britain image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 06:30:42 PM
.... In Ireland, 12. 5% (its corporation tax rate, compared to 20% in the UK) might as well be the symbol of the state, so universal is cross-party allegiance to it. ...
Why robots should be taxed if they take people's jobs | Robert Shiller image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 11:18:12 AM
.... So taxes have to be related to some activity indicative of ability to pay taxes, and whatever activity it is will be discouraged as a result. Frank Ramsey published a classic paper in 1927 arguing that to minimise taxation-induced distortions, one should tax all activities, and he proposed how to set tax rates. ...
A ‘jobs miracle’ that leaves millions worse off | Observer editorial image
.... The prime minister has made positive noises about tackling exploitation. But they run at odds to hints from her chancellor that a post-Brexit Britain may go for a Singapore-style economy, with even lower corporate tax rates and a scaled-back welfare state that would create even greater insecurity for low-paid workers. ...
Buy your new car now to save thousands of pounds ahead of excise hike image
Source : Guardian [Read Article] Saturday 18th of March 2017 07:00:32 AM
. A radical overhaul of car tax rates comes into force on 1 April, and means anyone about to buy a new car – and particularly an expensive low-emissions vehicle – should consider bringing forward their purchase if possible. ...
Donald Trump's 2005 tax return leak reveals $38m bill image
Source : BBC [Read Article] Wednesday 15th of March 2017 02:38:18 AM
.... . The release showed Mr Trump paid the Internal Revenue Service $38m in 2005, an effective tax rate of 24%. ...
Pension tax warning: Savers in 'last chance' to use extra relief allowance before April 5 image
....People approaching retirement typically try to add as much as possible to nest eggs to benefit from tax relief. The annual contribution allowance has been reduced in recent years and is now capped at between £10,000 and £40,000, dependent upon income tax rates. ...
Trump faces formidable institutional obstacles – so what can he do? | Barry Eichengreen image
.... This should be a slam-dunk, because the president and congressional Republican leaders are on the same page. Trump’s goal of removing the government’s groping hand from Americans’ pockets, by cutting the top marginal tax rate on ordinary income from 39. ...
Institute for Fiscal Studies backs National Insurance increase image
Source : BBC [Read Article] Thursday 9th of March 2017 01:00:13 PM
....Mr Johnson said: "These [NI changes] feel like like baby steps in the right direction. "But they are sticking plasters not the fundamental look at the tax base as well as tax rates that is required. ...
Budget 2017: NHS, families, cars - your questions answered image
Source : BBC [Read Article] Wednesday 8th of March 2017 05:14:18 PM
....What a good question. Some economists argue that low tax rates in fact lead to higher tax revenues, as tax payers become less inclined to dodge the tax in the first place. ...
Self-employed hit by national insurance hike in budget image
Source : Guardian [Read Article] Wednesday 8th of March 2017 02:24:49 PM
....The changes to the taxation of dividends was criticised for “leaving the door open to massive tax avoidance” by wealthy people working for their own companies. New data published by the Office for Budget Responsibility showed that a previous increase in dividend taxes resulted in much of the benefit falling to “just 100 individuals who were able to withdraw dividends averaging £30m each from their companies before the higher tax rate took effect”. ...
Budget 2017: Blow for pensioners as tax-free dividend allowance SLASHED image
Source : Daily Express [Read Article] Wednesday 8th of March 2017 01:44:00 PM
....The reduction in the allowance will increase the income tax payable on dividends for basic, higher and additional rate tax payers by £225, £975 and £1,143 respectively, according to experts. Dividend tax rates. ...
Business wish list image
Source : BBC [Read Article] Sunday 5th of March 2017 01:37:19 AM
....The IoD also wants to see an increase in the Annual Investment Allowance cap to £1m to boost investment by small and medium-sized businesses. The government should reiterate its manifesto pledge for the UK to have the lowest corporation tax rate in the G7 countries. ...
Low key Budget?  image
Source : BBC [Read Article] Saturday 4th of March 2017 01:17:34 AM
....The Conservatives have promised to raise this to £12,500 by 2020-21 and increase with inflation after that. The threshold for the higher 40% income tax rate will rise from £43,000 to £45,000 in April. ...
Wall Street stocks rise after Trump's corporate tax cut promises image
Source : Guardian [Read Article] Wednesday 1st of March 2017 06:42:20 PM
....In his most measured speech to date, Trump told Congress he would bring back to life dying industries and “crumbling infrastructure will be replaced with new roads, bridges, tunnels, airports and railways gleaming across our very, very beautiful land”. He added: “My economic team is developing historic tax reform that will reduce the tax rate on our companies so they can compete and thrive anywhere and with anyone. ...
Savers warned: Pension tax relief could be SLICED in March Budget  image
Source : Daily Express [Read Article] Tuesday 28th of February 2017 03:36:00 PM
.... And it's feared Philip Hammond could announce radical changes when he lays out his plans for spending and the economy on March 8. Under the current system, pension contributions are topped up by the Government depending on the tax rate of a saver. ...
Savers need a balancing act to beat inflation image
Source : Guardian [Read Article] Monday 20th of February 2017 07:00:31 AM
.... With investing comes risk, he says, and investors need to be aware of the volatility which exists and will continue to do so. Guy Foster, head of research at investment manager Brewin Dolphin, says investors buying up US shares following the Trump election – companies there may see tax rates cut – are “pinning a lot of hope on this most unpredictable of presidents”. ...
Baby boomers don’t deserve to be punished | Letters image
Source : Guardian [Read Article] Sunday 19th of February 2017 06:31:16 PM
.... This was a generous country, looking after its citizens. People paid their taxes – basic tax rate of 33% in the 1960s – and national health insurance. ...
The baby boomers have enjoyed the good times – now a tax hike is due | Phillip Inman image
.... That means the same monthly savings will generate an income in 2017 of around a quarter to one fifth of the income of someone retiring in 1998. Of course, a higher income tax rate would encourage some workers to delay retirement. ...
'The UK is a tax haven' – Bermuda attacks plan to end financial secrecy image
....While Bermudian companies did not feature heavily in the Panama Papers, they have played a role in other financial scandals including Bernie Madoff’s notorious Ponzi scheme and more recently in fraudulent public offerings on the Singapore stock exchange. The mid-Atlantic nation is a major centre of tax avoidance, with Google and other multinationals attracted by a zero corporation tax rate. ...
Trump withdraws from Trans-Pacific Partnership amid flurry of orders image
Source : Guardian [Read Article] Monday 23rd of January 2017 05:46:50 PM
....Earlier, Trump met a group of top business leaders including Elon Musk, the head of SpaceX, and the executives from Dell, Johnson & Johnson and Lockheed Martin. He set out plans to cut regulations for businesses in the US and slash the company tax rate from 35% “down to anywhere from 15 to 20%”. ...
Formula One pulled a fast one on the US taxman – and it's all perfectly legal image
.... The vast majority of this is received by the company’s subsidiaries in Britain where corporation tax comes to 20%. However, filings show that F1’s tax rate was actually equivalent to just 3. ...
Corbyn’s wage cap plan labelled unworkable but keeps pay on agenda image
Source : Guardian [Read Article] Tuesday 10th of January 2017 08:05:41 PM
.... Leon Kamhi, head of responsibility at fund managers Hermes, said remuneration committees at individual companies should set out a maximum possible pay for their chief executives. Mark Littlewood, director general at the Institute of Economic Affairs, a free market thinktank, said Corbyn’s ideas had moved from “misguided to simply muddled” and branded the idea for a maximum wage cap to tackle inequality as “dangerous and, for all intents and purposes, a 100% income tax rate”. ...
Snapchat sets up international office in London image
Source : BBC [Read Article] Tuesday 10th of January 2017 10:14:48 AM
....At the moment, the firm's UK workforce is just 75 strong, and although that will expand, it's hardly the equivalent of a car plant in Sunderland - though baristas in Soho will be grateful for the opportunity to sell a lot more decaf skinny lattes. But this does signal that post Brexit London, with its skilled workforce, its strength in advertising and its relatively low tax rates will remain a very attractive location for tech firms, especially those that aren't moving physical goods across borders. ...
Chancellor failing to cancel ‘tax giveaway’ to banks, says Labour image
Source : Guardian [Read Article] Monday 2nd of January 2017 02:18:10 PM
....Labour also wants to show that it will fight to avoid a “bankers’ Brexit” – protecting the interests of the City at the expense of ordinary taxpayers – though it has said it would like to see the continuation of “passporting”, the regime allowing UK-based banks to trade throughout the EU. A spokesman for McDonnell said Labour would reverse the cuts to the levy and would be unlikely to remove the corporation tax surcharge, because it came alongside a series of cuts in the corporation tax rate which had reduced big corporations’ tax liability. ...
Jean-Claude Juncker blocked EU curbs on tax avoidance, cables show image
Source : Guardian [Read Article] Sunday 1st of January 2017 01:14:31 PM
....The secret to this success was exposed in 2014 when the Luxleaks scandal revealed the terms hidden within hundreds of private deals, known as “tax rulings”, that Luxembourg had handed out to multinational businesses behind closed doors. The rulings effectively rubber-stamped complex tax structures that global corporations used to access ultra-low tax rates, often less than 1%, for profits shifted to Luxembourg. ...
Family friendly image
Source : BBC [Read Article] Friday 30th of December 2016 10:27:14 PM
.... . And the reason the state can afford to do this is because Denmark has one of the highest tax rates in the world, with the average Dane paying a total amount of 45% in income taxes. ...
Stamp duty land tax boosts tax receipts image
Source : BBC [Read Article] Wednesday 21st of December 2016 04:36:38 PM
....The increased tax take reflects two big changes to stamp duty in the past two years, as well as the impact of the continued rise in average house prices, which have gone up by 7% in the past year. In December 2014, the whole SDLT system was overhauled and new tax rates were brought in. ...
Computer error blamed for HMRC blunder in Scotland image
Source : Guardian [Read Article] Monday 19th of December 2016 06:54:44 PM
....uk website pages but, according to HMRC’s own analysis, there was no noticeable increase in the traffic as a result of the notification letters. The report also identifies the risk of tax avoidance and evasion if there are differences in tax rates or thresholds between Scotland and the rest of the UK. ...
Ireland may not get Apple's €13bn back taxes in full, EU says image
Source : Guardian [Read Article] Monday 19th of December 2016 11:56:26 AM
....Unveiling its formal legal submission on Monday, the finance department described how low taxes are the point of its sales pitch to foreign investors, arguing it was perfectly legal to levy far less tax on profits than imposed by competitors. Under EU rules, governments have powers to set their own corporate tax rates, but are forbidden from giving an unfair competitive advantage to firms on their territory. ...
Airbnb UK tax history questioned as income passes through Ireland image
Source : Guardian [Read Article] Monday 19th of December 2016 07:01:13 AM
....“We get none of the upside on tax from Airbnb’s real income, which is taxed in Ireland, but are giving away tax relief on their costs,” he said. “The net result is to significantly increase the overall level of profits Airbnb can enjoy at low tax rates. ...
Income tax powers for Wales set to come in 2019 image
Source : BBC [Read Article] Monday 19th of December 2016 05:58:56 AM
Apple fights back with appeal against EU Irish tax ruling image
Source : BBC [Read Article] Monday 19th of December 2016 03:26:21 AM
....It said if the EU ruling went against it, the company would pay 40% of all the corporate taxes collected in Ireland. Apple said it paid a 26% tax rate on its worldwide earnings, but said it was correct that it paid most of that in the US. ...
Leak reveals Rex Tillerson was director of Bahamas-based US-Russian oil firm image
.... This is 10,700km (6,650 miles) away from the subsidiary’s official business home in Nassau, the semi-tropical capital of the Bahamas. The Bahamas is notorious for secrecy and has a corporate tax rate of zero. ...
Savers are slowly choking off the life of the world economy image
Source : Guardian [Read Article] Sunday 18th of December 2016 07:00:44 AM
....Pension funds are another element of the $100tn that see themselves as benign if not beneficial. Yet a large proportion of saving is only in the pension ledger after avoiding a 20% – or more likely 40% – tax rate. ...
Giving business control to sons doesn't end Trump's conflicts, ethics office says image
....But the blurred line between Trump’s businesses and political activities is now in question. A recent Wall Street Journal report noted: “It’s not clear how much Mr Trump’s businesses would benefit from his proposal to cut business tax rates. ...
Bermuda is world's worst corporate tax haven, says Oxfam image
Source : Guardian [Read Article] Monday 12th of December 2016 12:01:40 AM
.... It warned that allowing these territories to act as tax havens “undermines Britain’s efforts to be an outward-facing, responsible member of the international community”. To compile the list, Oxfam looked at practices such as offering unfair and unproductive tax incentives and zero or extremely low corporate tax rates, as well as failure to co-operate with international processes to combat tax avoidance. ...
McDonald's to move non-US tax base to UK image
Source : BBC [Read Article] Thursday 8th of December 2016 02:38:31 PM
....The UK could be attractive to McDonalds as it has a relatively low rate of corporation tax and a pool of highly-skilled potential employees, she added. The UK's corporate tax rate is 20% and the government plans to cut it to 17% by 2020. ...
Heard the latest Christmas story? It’s about how UK banks pay all their taxes | Prem Sikka image
.... The LuxLeaks showed that PwC helped multinational companies secure at least 548 tax rulings in Luxembourg from 2002 to 2010 that may have enabled them to avoid taxes elsewhere. Some of its clients had an effective tax rates of less than 1% on the profits shifted to Luxembourg. ...
Mnuchin promises to boost US growth as Treasury boss image
Source : BBC [Read Article] Wednesday 30th of November 2016 02:21:46 PM
....Donald Trump's new Treasury secretary promised "the most significant middle income tax cut since [Ronald] Reagan". The Wall Street veteran said in a CNBC interview that the new administration also planned to cut the corporate tax rate from 35% to 15%. ...
Steven Mnuchin nominated for US treasury secretary image
Source : Guardian [Read Article] Wednesday 30th of November 2016 10:49:30 AM
....Mnuchin, a multimillionaire who was dubbed a “foreclosure king” for buying up distressed mortgages and evicting thousands of homeowners during the financial crisis, immediately announced he would oversee “the largest tax change since Reagan” and said his “No 1 priority is tax reform”. As well as cutting personal taxes, Mnuchin said the US corporate tax rate would be reduced from 35% to 15%. ...
Boeing tax break ruled unlawful by WTO image
Source : BBC [Read Article] Monday 28th of November 2016 04:31:55 PM
....The tax cut was "prohibited" under its rules, said the WTO. The WTO decided that the measure, giving Boeing a special and very low "business and occupation" tax rate, was unlawful because it hinged on the aeroplane company being required to use local rather than imported materials - the wings - which in turn would distort trade. ...
Pension age may be about to rise again, says former minister image
Source : Guardian [Read Article] Monday 28th of November 2016 12:01:14 AM
....”. Willis Towers Watson said that if the decision had to be about how to take money off the public rather than whether to do so, “later retirement may appear more palatable than higher tax rates for (often) the same people”. ...
The backpacker tax is a textbook case of how not to develop policy | Greg Jericho image
.... Such workers are employed throughout Australia – including in city areas, often as restaurant staff – but are especially concentrated in rural areas where there is fruit picking. The industry was thrown into chaos in 2015 due to a decision by then treasurer Joe Hockey to change the tax rate they pay. ...
Theresa May bids to reassure business on Brexit 'cliff-edge' image
Source : BBC [Read Article] Monday 21st of November 2016 04:24:39 AM
.... The review will be chaired by Sir Damon Buffini, the former head of private equity group Permira. Mrs May also said the government would review the support given to innovative firms through the tax system "because my aim is not simply for the UK to have the lowest corporate tax rate in the G20, but also one that is profoundly pro-innovation. ...
'Just about managing' families to be £2,500 a year worse off by 2020 – study image
....The shadow chancellor, John McDonnell, said Hammond should reverse the welfare cuts alongside reductions in disability benefits that will leave some claimants £30 a week worse off. He also revealed Labour would support an increase in the 40p tax threshold from £43,000 next year to £50,000, a move promised in 2014 by Cameron to take millions of middle-income earners off the higher tax rate. ...
Philip Hammond dashes hopes of big windfalls for struggling families image
Source : Guardian [Read Article] Sunday 20th of November 2016 11:56:12 AM
....”. McDonnell said Labour would support an increase in the 40p tax threshold from £43,000 next year to £50,000, a move David Cameron promised in 2014 to take millions of middle-income families off the higher tax rate. ...
Strong-arm Apple and tax China bigly: a guide to Trump's possible tech policies image
....Apple is dealing with a complex problem in Ireland, where the European Commission is seeking “recovery of illegal state aid” for alleged unpaid taxes of up to €13bn, plus interest. It is standard for global businesses to exploit loopholes that allow them to register profits in countries with lower corporate tax rates, though that means the profits (and taxes that go with them) don’t come back to the US. ...
Ireland must plan for possible EU breakup, says economic adviser image
Source : Guardian [Read Article] Tuesday 15th of November 2016 02:39:07 PM
....Dublin needs to become one of France’s strongest EU allies as the union comes under more strain, Barrett said. Barrett, a former member of the Seanad, Ireland’s second parliamentary chamber, predicted that the US corporation tax rate would fall under Donald Trump. ...
Joseph Stiglitz: what the US economy needs from Donald Trump image
Source : Guardian [Read Article] Tuesday 15th of November 2016 12:00:15 PM
.... An obvious target should be to eliminate the special treatment of capital gains and dividends. Another is to ensure that companies pay taxes – perhaps by lowering the corporate-tax rate for companies that invest and create jobs in America, and raising it for those that do not. ...
Bond bubble could burst with explosive impact image
Source : Guardian [Read Article] Monday 14th of November 2016 08:06:30 PM
....Well, yes, but let’s not pretend that such fiscal medicine is risk-free, especially when taken in the dosage Trump intends. A cut in the business tax rate from 35% to 15%, and $550bn to be spent on new infrastructure, represent crisis-style responses. ...
Ctrl+Z: Silicon Valley leaders U-turn on Donald Trump image
Source : Guardian [Read Article] Friday 11th of November 2016 10:00:16 AM
....Trump’s transition website states that “regulatory reform is cornerstone [sic] of the Trump administration” and promises a moratorium on new regulations, a review of old ones, and the cancellation of many executive orders. He has also promised to lower the corporate tax rate from 35% to 15%. ...
Basic income for all: a 500-year-old idea whose time has come? image
Source : Guardian [Read Article] Thursday 10th of November 2016 11:28:56 PM
....If the disbursement of cash might seem a crude device, a third device has already been run up a mainstream political flagpole. The negative income tax, in which those earning below a set amount receive supplemental pay from the government, has described a zig-zagging intellectual course, one of its most committed advocates being Milton Friedman in Capitalism and Freedom (1962), who saw it as eliminating the need for a minimum wage, addressing disincentives to work posed by high marginal tax rates, and consolidating overlapping welfare circles. ...
Treasury tries to thwart EU plans for tax haven blacklist image
Source : Guardian [Read Article] Monday 7th of November 2016 07:07:19 PM
....Brussels officials think that a zero or near-zero rate of corporation tax in a non-EU country should be a red flag for “unfair taxation”. But EU member states are split on whether zero corporate tax rates should count in the criteria for determining whether a country is a “non-cooperative jurisdiction”, according to draft conclusions seen by the Guardian. ...
India sets rates in major sales tax reform image
Source : BBC [Read Article] Friday 4th of November 2016 03:07:07 AM
....Currently, everything sold in India is subject to a multitude of taxes varying from state to state. Indian businesses have been lobbying for the countrywide tax rates as the reform is expected to reduce costs, particularly for shipping goods across state borders. ...
Kellogg's cereal sales continue to slump image
Source : BBC [Read Article] Tuesday 1st of November 2016 01:14:11 PM
.... . These figures were boosted by lower one-off costs and higher profit margins and John Bryant, Kellogg Company's chairman and chief executive officer, said: "Our third quarter earnings exceeded our expectations, on the strength of good operating margin expansion and a favourable tax rate. ...

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