Posts in category

Corporate tax


Corporate tax rates have fallen around the world in the last two decades. Today’s map shows the most recent changes in corporate tax rates in European OECD countries, comparing the development of combined statutory corporate tax rates between 2018 and 2021. The rate average tax rate of all European countries covered a decreases from 22.8% …

With revenues now well publicized, companies are increasingly scrutinized when it comes to taxes. International accounting and consulting firm Baker Tilly suggests that this is now a serious corporate social responsibility issue. The Australian Greens’ recently proposed “tycoat tax”, which would target mining companies and other large organizations with a 40% tax on “super profits” …

(Bloomberg) – Chancellor of the Exchequer Rishi Sunak is set to announce a several percentage point cut in the bank surcharge as early as next month’s budget as he seeks to limit any increase in taxes paid by UK financial firms. The reduction would not take effect until 2023, when a six percentage point increase …

Earlier this year, more than 130 countries signed a global agreement on corporate tax reform, led by the OECD, to force international organizations to pay their fair share of taxes, set at at least 15%. Digitization and globalization of the world have created a mismatch between businesses and tax systems. Many large companies producing intangible …

U.S. stocks lost ground on Tuesday, September 14, 2021, with all three major U.S. equity indices closing in negative territory, as investor sentiment eased amid uncertainty over a possible increase in corporate taxes and to be cautious ahead of the Federal Reserve’s meeting, with the central bank potentially providing an update on the outlook for …

House Democrats plan to propose to raise the corporate tax rate to 26.5% from 21% and impose a 3 percentage point surtax on individual incomes above $ 5 million, according to two Democratic House advisers familiar with the plans. The tax increases would be part of the House Ways and Means Committee’s plans to fund …

Democrats in the House of Representatives want to reduce Joe bidenThe President’s Proposed Tax Hikes on Corporate Income and Capital Gains, Part of $ 2.9 Billion in Tax Hikes to Fund President’s Social Safety Net Expansion American. The draft tax plan – which was obtained by the Financial Times – was released to members of …

Band Pete Schroeder WASHINGTON, September 12 (Reuters) – U.S. House Democrats are expected to propose raising the U.S. corporate tax rate to 26.5% from 21% as part of a comprehensive plan that includes tax increases for wealthy, businesses and investors, according to a source familiar with the matter. Democrats are also expected to propose a …

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, …