Territorial tax system

Intesa Sanpaolo S p A: organizes 12 meetings with small and medium enterprises on the latest features of tax credits for the construction industry

PRESS RELEASE INTESA SANPAOLO ORGANIZES 12 MEETINGS WITH SMALL AND MEDIUM-SIZED BUSINESSES ON THE LATEST FEATURES OF TAX CREDITS FOR THE CONSTRUCTION INDUSTRY 12 territorial steps to illustrate to SMEs the opportunities of concessions and facilitate the allocation of tax credits. Thanks to the platform managed with Deloitte, Intesa Sanpaolo …

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New automated tax system, TaxPro Max increased FIRS revenue to N6.4 trillion in FY 2021

With the advent of the new automated tax system, TaxPro Max, the Federal Inland Revenue Service (FIRS) said its revenue increased to 6.4 trillion naira in fiscal year 2021 (FY). Investors King recalls that the TaxPro Max was introduced in June 2021 to facilitate the payment of taxes and modernize …

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Colombia: Climate Action Law – Discover the measures that will be taken for carbon neutrality and environmental resilience; and the role of actors in the economy (benefits and obligations)

In short The Climate Action Act defines a catalog of government actions which involve all the actors of the Colombian economy. He describes the compliance program with the international commitments acquired by the Paris Agreement for achieve carbon neutrality by 2050. In this alert, we identify the opportunities and obligations …

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MRA’s ICC Center is part of a major development plan in the airport area, says Prime Minister

Download logo The Integrated Customs Clearance Center (ICCC), a state-of-the-art Mauritius Revenue Authority (MRA) building housing several border agencies under one roof, was inaugurated today by the Prime Minister, Minister of Defense and Home Affairs and external communications, the Minister of Rodrigues, Outer Islands and Territorial Integrity, Mr. Pravind Kumar …

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Letter to the editor: There’s more to the carbon pricing story

The following letter is in response to a Corporate Knights article published on January 17, 2022, Canada’s biggest emitters pay the lowest carbon tax rate. I would like to thank Corporate Knights for providing a public forum to examine issues surrounding pollution pricing in Canada, particularly as they relate to …

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From war reporter to USAID chief: Samantha Power returns to Bosnia | Bosnia and Herzegovina

SAmantha Power, who covered the Bosnian war as a journalist in her twenties, returned to the country this week as head of the US Agency for International Development (USAid), offering US support to freelance journalists. Power is the most senior US official to visit Bosnia since Joe Biden in 2009, …

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United States calls on Bosnian leaders to end divisive rhetoric and actions

SARAJEVO, Jan 21 (Reuters) – The United States on Friday called on rival ethnic Bosnian leaders to set aside divisive rhetoric that threatens the volatile country’s economy and future, saying Washington was ready to impose more sanctions on those who impede stability. “Talking about war makes it incredibly difficult…to attract …

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Turkey’s Erdogan says he will discuss Bosnian crisis with Serbian Vucic

Turkish President Tayyip Erdogan speaks to the media after a cabinet meeting in Ankara, Turkey, December 20, 2021. Murat Cetinmuhurdar/PPO/Handout via REUTERS Join now for FREE unlimited access to Reuters.com Register ANKARA, Jan 18 (Reuters) – Turkish President Tayyip Erdogan said he would discuss the crisis in Bosnia with his …

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UN concerned about hate speech in Bosnia and Serbia | Conflict News

The UN is “deeply concerned” by incidents which have seen individuals “glorifying atrocities and convicting war criminals”. The United Nations has expressed concern over recent incidents of hate speech and incitement to violence in Bosnia and Herzegovina and Serbia, fearing that inflammatory acts could intensify ahead of this year’s elections. …

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Amid Omicron crash, Quebec to crack down on unvaccinated people with new health tax – Red Deer Advocate

As infections fueled by the Omicron variant threaten to overwhelm Canada’s health care system, the Quebec government on Tuesday took unprecedented action by promising to tax adult residents who refuse to be vaccinated against COVID-19. Premier François Legault made the announcement as the province reported another daily record of virus-related …

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Comparison of cross-border tax systems in Europe, 2021

Today’s map examines the ranking of European OECD countries in cross-border tax rules and is the last in our series examining each of the five components of our International tax competitiveness index (ITCI). Cross-border tax rules define how income earned abroad and by foreign entities is taxed domestically, making it …

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Bosnian Serbs Hold Nationalist Celebration Despite Ban and Sanctions | News

The Bosnian Constitutional Court declared the holiday illegal because it discriminates against Bosnian Muslim and Croatian Catholic communities. The Bosnian Serbs staged public celebrations to mark the national day of their Autonomous Serbian Republic, defying a supreme tribunal’s ban on commemoration and US sanctions imposed on their leader Milorad Dodik …

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US imposes new sanctions on Bosnian Serb leader, calling him threat to Balkan “territorial integrity”

The US Treasury Department said on Wednesday it was imposing additional sanctions against Bosnian Serb leader Milorad Dodik and a media company he would control, Reuters reports. A Treasury Department statement accused Dodik of “corrupt activities and persistent threats to the stability and territorial integrity” of Bosnia and Herzegovina. Last …

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International tax affairs to watch in 2022

By Natalie Olivo (Jan 3, 2022, 12:02 p.m. EST) – Courts will continue to wrestle this year with high-stakes cases brought by large U.S. multinationals that have accused federal tax authorities of overriding, with disputes, including including FedEx’s challenge to repatriation regulations and Facebook’s fight against multibillion-dollar adjustments to its …

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New laws will come into force in Canada in 2022

With 2021 behind us, a number of new rules and regulations are expected to come into effect this year. Some of the changes include increases in the minimum wage, bans on plastic bags and taxes on soft drinks. Below are some of the new rules and regulations that will come …

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Government of Canada launches demands for expanded Canada Containment Benefit

OTTAWA, ON, December 30, 2021 / CNW / – The government of Canada is committed to supporting Canadian workers, businesses and service providers during the COVID-19 pandemic. At 22 December 2021, the government of Canada announced it would expand eligibility for the Canada Worker Containment Benefit (CWLB) to better support …

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Educational opportunities in the post-pandemic period

The education sector must face 2022 with more optimism in anticipation of the end of the pandemic, coupled with the hard lessons learned through it, and guided by the collective vision of a matatag, maginhawa, in panatag na buhay (strongly rooted, comfortable and secure life) in 2040. The deeply rooted …

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Ireland plans to switch to a territorial tax system – MNE Tax

By Doug Connolly, Multinational Corporate Taxation The Irish Department of Finance opened a public consultation on 22 December seeking comment on a possible transition to a territorial tax regime for companies. Such a system “could be simpler and offer greater security to businesses – but should also be accompanied by …

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Malaysia prepares for taxation of foreign source income

As of January 1, 2022, the current exemption from income tax on foreign source income (FSI) received in Malaysia by Malaysian residents will be removed. This article highlights the impact and practical considerations that businesses and individuals should consider when preparing for the impending tax on the ISP. The content …

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Who bears the burden of corporate income tax?

Every year we see new headlines on large, seemingly profitable companies that pay no income tax. But as outrageous as the headlines may sound, the truth is almost always far more complicated and far less shocking. As individuals, we don’t pay taxes on every dollar we earn. Tax laws allow …

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Spain achieves highest OECD level of property taxes

Property taxes bring Spain to the highest level of property tax of any developed country. Spain already reaches the Italian level, traditionally the Organization for Economic Co-operation and Development (OECD) country with the highest tax burden on property. Last year’s tax reforms push Spain’s tax system three more places in …

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Benton County Quorum Court Approves Federal-Funded Projects

BENTONVILLE – The Benton County quorum court on Thursday evening approved an order filled with items to be funded by the US bailout. US bailout appropriations for fiscal 2022 include Phase I of a county jail triage center for $ 100,000. The first phase will cover the programming and design …

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K-Bro declares December 2021 dividend

(TSX: KBL) EDMONTON, AB, December 15, 2021 / CNW / – K-Bro Linen Inc. (TSX: KBL) (the “Company”) today announced a dividend of 10.00 cents CDN per common share of the Company for the period from December 1 to 31, 2021, to pay the January 14, 2022 to registered holders …

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Assembly of the Bosnian Serb Entity in favor of the withdrawal of central institutions in Bosnia

The Bosnian Serb entity assembly voted yes on a package of provisions that would see the regional government withdraw from national institutions despite the threat of new sanctions. The one-day session was marked by lengthy speeches by Bosnian Serb member of the three-level State-level Presidency Milorad Dodik and Republika Srpska …

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New Caledonia ready for final vote on independence from France | Politics News

Voters went to the polls on Sunday in New Caledonia for the third and final referendum on the independence of the Pacific territory under French control. The independence movement has seen gradual gains in the two previous referendums on independence from France, which took place in 2018 and 2020. But …

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Rwanda, China Agree To Eliminate Double Taxation | New times

China and Rwanda have signed an agreement that will see the two countries eliminate double taxation in income tax and the prevention of tax fraud and evasion (DTAA). The agreement was signed in Kigali by Uzziel Ndagijimana, the Minister of Finance and Economic Planning and Rao Hongwei, the Chinese Ambassador …

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In view of the 2022 mid-term elections and state issues

Through Alysia Ryan Alysia Ryan, JD, ARA Director of Government Affairs / December 2021 As those in the United States continue to grapple with the coronavirus (COVID-19) and its variants, eyes are also starting to turn to the upcoming midterm elections of 2022. The special elections held this year may …

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The impact of BEPS on tax incentives in Hong Kong SAR

Important changes expected in response to the BEPS 2.0 reform As of November 4, 2021, 137 of the 141 member jurisdictions of the G20 / OECD Inclusive Framework on BEPS (FI) have accepted the statement issued by the FI on October 8, 2021, which defines the constituent elements and policy …

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Preferential tax regimes could sow uncertainty and controversy in Colombia

Identifying PTRs Likely to Become a Hot Topic on Colombia’s Tax Audits Colombian tax rules on non-cooperative or low-tax jurisdictions (tax havens), as well as preferential tax regimes (PTR), provide certain tax implications on payments made from Colombia to persons or entities located, resident, domiciled or carrying out tax activities. …

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Hopes for Mallorca’s winter tourist season are fading …

The Spanish government has increased the distribution of funds from the first tranche of investment as part of its “extraordinary program of sustainable tourism plans in destinations”. This program, with € 1,858 million over three years, is the most substantial element of a global tourism modernization and competitiveness plan, for …

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KUWTT: US plans to strengthen defense ties with PH | 22 November 2021

Good day. Here are the articles from the Manila Times of Monday, November 22, 2021. The United States has strengthened its defense ties with PH SEN. Panfilo “Ping” Lacson said the United States was studying the possibility of strengthening its Enhanced Defense Cooperation Agreement (EDCA) with the Philippines to prevent …

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Money talks: Guilford commissioners schedule public hearing for school bond |

Melvin “Skip” Alston, who chairs the council of commissioners, said a sales tax is one way to avoid raising property taxes. He added that the $ 1.7 billion bond debt could cost the county $ 45 million per year in payments and that the sales tax would bring in nearly …

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Comparison of income tax systems in Europe, 2021

Our recently published International tax competitiveness index 2021 (ITCI) measures and compares the extent to which OECD countries promote sustainable economic growth and investment through competitive and neutral tax systems. This week, we take a look at the ranking of European OECD countries for individual taxes, continuing our series on …

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WILLIAMS INDUSTRIAL SERVICES GROUP INC. Management’s analysis of the financial position and operating results. (form 10-Q)

Caution Regarding Forward-Looking Statements This Form 10-Q and its exhibits contain or incorporate by reference various forward-looking statements that express a belief, expectation or intention or are otherwise not statements of historical fact. Forward-looking statements generally use forward-looking words, such as "may," "will," "could," "should," "would," "project," "believe," "anticipate," "expect," …

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Minimum tax on books to build better

The Build Back Better Act (BBBA) would increase taxes to pay for social spending programs. But the design of some of the tax increases can end up hurting private pensions, among other issues. By relying on measures of income reported in companies’ financial statements, i.e. accounting income, the proposed alternative …

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Biden braces for new hurdles with $ 1.2 billion infrastructure deal

By Linda Chiem (Nov 15, 2021, 8:37 p.m. EST) – President Joe Biden’s signing on Monday of a $ 1.2 trillion infrastructure package positions the country to meet the challenges of strengthening electricity grids and building for climate resilience, but experts say supply shortages, rising labor and material costs and …

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ALPHA & OMEGA SEMICONDUCTOR LTD MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL POSITION AND OPERATING RESULTS (Form 10-Q)

Except for the historical information contained herein, the matters addressed in this Item 2 constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward looking statements include, but are …

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My opinion: make taxes a reality

Since the start of the Covid-19 pandemic, Malaysia, like many other countries, has had to spend billions on stimulus measures to save lives and livelihoods. It is now necessary to increase the country’s income to finance these measures, and one obvious option is taxation. There are many views on the …

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Net Metering and Solar Mandates to Drive the Solar Photovoltaic Market in the Americas

GlobalData’s latest report, “Renewable Energy Policy Handbook for North and South America 2021,” offers comprehensive information on renewable energy policies in American countries. The report provides a clear overview of the regulatory framework, plans, programs and incentives launched by different countries to promote renewable energy sources. It provides information on …

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How will global tax reforms impact Malaysia?

REVOLUTIONARY changes in the international tax landscape are underway. On October 5, 2021, the European Union (EU) approved commitments by Malaysia and other countries to reform their Foreign Source Income Exemption (FSIE) regimes. Days later, the Organization for Economic Co-operation and Development (OECD) updated its two-pillar solution to tackle the …

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Wasseem Dirani teaches crash course on Canadian taxation

Wasseem Dirani says the Canadian tax system is complex. The federal and provincial governments have tax obligations for residents. HAMILTON, ONTARIO, CANADA, October 13, 2021 /EINPresswire.com/ – Wasseem Dirani teaches crash course on Canadian taxation The Canadian tax system is complex. The federal and provincial governments have tax obligations for …

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What does the new global tax treaty contain?

To note: This article was originally published on July 1, 2021, but has been updated to reflect the latest details on the global tax deal. In recent years, countries have debated significant changes to the international tax rules that apply to multinational companies. Following an announcement made in July by …

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Pandora’s bunker in Panama | MENAFN.COM

05/10/2021 Share In the world we live in, what is legal is not always moral, and what is moral is not always legal. The revelations that we are just beginning to know of the 11.9 million documents analyzed by hundreds of journalists from the International Consortium of Investigative Journalists (ICIJ) …

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Florida Corporate Income Tax Rates: Lawmakers Should Provide Certainty

Florida is now the ninth state to implement or pass a corporate tax cut in 2021, with the state’s new rate the second lowest in the nation, so far. Five states have legislated corporate income tax cuts this year, two states (Arkansas and Indiana) have implemented rate relief as part …

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RBF & Tax Appeal System – Reviews

The Federal Board of Revenue (FBR) allegedly interferes with the quasi-judicial functions of the Commissioners of Appeal Inland Revenue. A report published in an English daily, not in this newspaper, on September 28, 2021 states: and the overall quality of orders-in-original by the office of the domestic revenue officer. The …

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White House warns of recession if …

House to vote next week on debt ceiling suspension Majority Leader Steny Hoyer (D-MD) said on Friday the House would vote on a measure to suspend the debt ceiling next week. He did not say whether the bill would be associated with a funding measure from the federal government, which …

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