Tag Archives: Tax

95 Percent of Small Businesses Are Focused on Tax Relief, Survey Says

Tax relief is on top of U.S. small business owners’ wish lists. NWYC Q2 2017 Small Business Sentiment Index That’s according to the Q2 2017 Small Business Sentiment Index from National Write Your Congressman (NYWC). The survey found an overwhelming majority of small businesses (95 percent) saying they would like Congress to act on tax relief and simplification. Small Businesses Want the Government ... Read More »

How Trump’s tax proposal could impact his own business empire

The Trump administration unveiled their proposal to overhaul the tax code on April 26, outlining sharply lower tax rates but fewer tax breaks. (Video: Jenny Starrs/Photo: Jabin Botsford/The Washington Post) President Trump’s massive tax-cut proposal would slash taxes on hundreds of businesses he and his family own. The White House on Wednesday unveiled a proposal that would cut the top ... Read More »

Apple to appeal EU tax ruling this week, says it was a ‘convenient target’

Apple (AAPL.O) will launch a legal challenge this week to a record $14 billion EU tax demand, arguing that EU regulators ignored tax experts and corporate law and deliberately picked a method to maximize the penalty, senior executives said. Apple’s combative stand underlines its anger with the European Commission, which said on Aug. 30 the company’s Irish tax deal was ... Read More »

Amazon and Starbucks pay less tax than sausage stall, says Austria

Amazon and Starbucks pay less tax in Austria than a local sausage stall, the country’s Chancellor Christian Kern has said in a newspaper interview. “Every Viennese cafe, every sausage stand pays more tax in Austria than a multinational corporation,” Mr Kern told Der Standard. “That goes for Starbucks, Amazon and other companies,” he said. He added that EU countries with ... Read More »

EU hits Apple with 13 billion euro Irish tax demand

The European Commission ordered Apple Inc. to pay Ireland unpaid taxes of up to 13 billion euros (11 billion pounds) on Tuesday as it ruled the firm had received illegal state aid. Apple and Dublin said the U.S. company’s tax treatment was in line with Irish and European Union law and they would appeal the ruling, which is part of ... Read More »

Qatar to levy airport tax on passengers

Qatar’s government will levy a new airport tax on passengers from Tuesday, according to a circular to travel agents, as the country seeks new revenue streams amid falling oil prices. Every passenger leaving Qatar from Doha’s Hamad International Airport, including transit passengers, will be charged 35 riyals (7.10 pounds) for using airport facilities, Qatar Airways advised local travel agents in ... Read More »

Charity calls for ‘vacancy tax’ on empty houses in Victoria to improve affordability

Taxing Victorian homes left vacant for 12 months or more would make housing more affordable and raise money for social housing programs, a charity group says. Prosper Australia’s 2015 Speculative Vacancies report, which looked at water usage, suggested that almost 25,000 dwellings were demonstrably unoccupied across Melbourne in 2014. Launch Housing chief executive Tony Keenan said there was a housing ... Read More »

World Bank: Tax evasion hurts anti-poverty fight

WASHINGTON: Tax evasion through international tax havens and other illicit transfers of money undermine the fight against global poverty, World Bank President Jim Yong Kim said Thursday. Kim said the bank is “very concerned” about illicit financial flows, amid intense attention on the recent leak of the “Panama Papers” showing how powerful officials and businesses in many countries make use ... Read More »

Economic Survey against raising income tax exemption limits

The Economic Survey 2015-16 also calls for phasing out of the tax exemption raj that benefited the richer private sector and a “reasonable” taxation for better-off individuals. The Economic Survey on Friday said the government should refrain from raising exemption limits on income tax to facilitate natural growth of individual earnings and widen the taxpayers’ base, even as it also ... Read More »

Tax collection may fall Rs 50,000 crore short of Budget target

The government admitted on Monday that tax collection may fall 5-7 per cent (around Rs 50,000 crore) short of the Budget target, but expressed confidence that the economy will clock more than 7.5 per cent growth this fiscal. The twin deficits-fiscal and current account-have been reduced, Watal said, adding that the government is committed to achieving this year’s fiscal deficit ... Read More »