Search Results for: taxes
Tax breaks for small businesses in Canada
September 15th, 2014
The Canadian Government announced that its new Small Business Job Credit will save firms more than CAD550m (USD500.5m) in payroll taxes over the next two years. The credit is worth the difference between premiums paid at the legislated rate ...
US lawmakers cautious about cash method of accounting
September 12th, 2014
Switching to accrual accounting would be severely damaging to businesses, US lawmakers have warned in a letter calling for the preservation of the cash method of accounting. The letter, signed by a bipartisan majority of the US House of ...
Scottish tax: Can meltdown be avoided?
September 12th, 2014
When Scottish electors cast their votes in the independence referendum on 18 September, a ‘no’ outcome would result in greater devolution of tax powers to Holyrood. By contrast, a ‘yes’ result in support of independence would create the need ...
’Tax Reform’ Cry Hampers Effort to Curb Inversions
September 12th, 2014
Republicans and business allies such as House Ways and Means Chairman Dave Camp and the U.S. Chamber of Commerce say they know the way to stop companies from changing addresses to cut their tax bills: Reform the tax code. ...
Nevada lawmakers consider $1.3 billion in tax breaks for electric car maker
September 12th, 2014
Nevada lawmakers on Thursday approved a package of bills to provide $1.3 billion in tax breaks and other incentives for Tesla Motors, clinching a deal for the electric car company to build a massive factory in the state. “This ...
Senators urge Burger King to ditch move to Canada
September 11th, 2014
A group of U.S. senators wants Burger King Worldwide (BKW.N) to scrap its plans to invert, or move its tax domicile to Canada, as part of a deal to buy coffee and donut chain Tim Hortons Inc. (THI.TO) Burger King ...
France to miss deficit target
September 11th, 2014
France’s finance minister Michel Sapin has said the country will not achieve a 3% EU budget deficit target. France’s budget deficit will be around 4.4% of GDP in 2014, drop to 4.3% next year, and will not go below ...
Belize Firm Charged in $500 Million Tax-Evasion Scheme
September 10th, 2014
IPC Management Services LLC, a Belize-based investment firm, and its founder were accused of a $500 million scheme to launder money and hide investments as part of a U.S. crackdown on tax evasion. Robert Bandfield, a U.S. citizen, was ...
Tax Reform for US Inversions
September 8th, 2014
While it does not appear that US President Barack Obama will be taking administrative action in the near future, other commentators are insisting that corporate tax reform is the only viable option to stop US multinationals from undertaking corporate ...
Tax Boss Who Took On Pacquiao Chills Asian Bond Market
September 5th, 2014
Philippine inland revenue boss Kim Henares is taking her four-year fight against tax evasion to the capital markets, slowing record corporate bond sales. Henares issued a ruling in January requiring companies to list the names of all investors receiving ...
