Territorial tax system

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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