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Corporate tax


Recasts, combine separate stories LONDON, September 9 (Reuters) – Finance ministers of the Group of Seven wealthy nations said Thursday they needed to make more progress on the fine print of a reform of global corporate tax rules in time for a summit of world leaders in October. Britain’s Rishi Sunak said he urged his …

FILE PHOTO: European Economic Commissioner Paolo Gentiloni, Eurogroup President Paschal Donohoe, World Bank President David Malpass, Italian Finance Minister Daniele Franco, French Finance Minister Bruno Le Maire, French Finance Minister Bruno Le Maire, Canadian Finance Minister Chrystia Freeland, British Chancellor of the Exchequer Rishi Sunak, IMF Managing Director Kristalina Georgieva, German Finance Minister Olaf Scholz, …

KUALA LUMPUR (September 2): Malaysia cannot afford a corporate tax cut, which is currently 24%, unless the country’s tax base is broadened and the country maintains a trajectory above average growth, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said today. “If you look at the corporate tax, it makes up a large portion …

Malaysia’s corporate tax is among the highest in ASEAN. Singapore has the lowest rate at 17 percent, Vietnam, Thailand and Cambodia at 20 percent and Indonesia at 22 percent. – Photo by Ahmad Zamzahuri KUALA LUMPUR, September 2 – Malaysia cannot afford a corporate tax cut, which is currently 24%, unless the country’s tax base …

Internal direct tax functions are under increasing pressure to do more with less – from contributing to budget cuts for professional fees and improving oversight and governance, to acting as business partners – all in the context of changing legislation and improving reporting requirements. While the use of tax engines for indirect taxation may be …

Liberal Leader Justin Trudeau delivers a speech during a campaign stop in Surrey, British Columbia, August 25. JENNIFER GAUTHIER / Reuters Liberal Leader Justin Trudeau is targeting Bay Street as a source of new revenue, pledging to raise the corporate tax rate on all bank and insurance company income in excess of $ 1 billion. …

To print this article, simply register or connect to Mondaq.com. Much has been said about the recent G7 decision to pursue a base global tax rate of at least 15% (the Global tax rate). Some call it the twilight of offshore jurisdictions. Should Jersey be worried? The initiative appears to be aimed at well-known multinationals …

Corporate tax departments are facing an under-the-radar element of ESG-focused activist investing that’s gaining traction and would more directly affect bottom lines than the addition of women and minorities to corporate boards or publishing environmental impact reports. Environmental, social, and governance-oriented investors, and members of Congress, want large public companies to disclose where they shift …

Accounting firm Azets hired Frazer Nicol to lead a new corporate tax team in the firm’s Aberdeen office. He joins as Tax Director of the Aberdeen office of Anderson Anderson & Brown. Nicol has experience in both practice and industry advising a range of clients on corporate tax matters in the UK and overseas. He …

The Nigerian government, through the Federal Inland Revenue Service (FIRS), generated the sum of N864.72 billion in corporate taxes in the first half (H1 2021), which represents an achievement rate of 57.8% compared to CIT’s projected annual revenue of 1.49 trillion naira. This is contained in the recently published corporate income tax report, by the …