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Related Special Reports
..., tax evasion and extortion via ransomware....
...The president will target billionaires and corporate America with sweeping tax rises as part of a plan to cut the US’s record national debt and boost the president’s standing with voters ahead of November...
...The UK’s largest high street lender said underlying pre-tax profits were £1.8bn in the final quarter of the year, slightly above analyst forecasts....
...Clearly, debt accumulation in excess of national income growth cannot continue forever and raises questions about debt sustainability....
...That holds for refundable tax credits as well, which the IMF also duly recommends. It bears noting that refundable tax credits are the backbone of the US’s Inflation Reduction Act....
...Stripping those out, the lender generated a pre-tax profit of $844mn....
...(Patrick Temple-West) TAX POLICY Taxes take centre stage Monday was the US federal tax due date for Americans — a culmination of our annual slog through the IRS’s painfully complex rules....
...Here is our summary of how the key measures will affect your personal finances: Tax The chancellor cut national insurance contributions for both employed and self-employed people....
...It has also terminated a SFr100bn liquidity lifeline offered by the Swiss National Bank at the height of turmoil that swept the banking sector in the spring and culminated in the Credit Suisse takeover....
...He is about to go to the US to visit the architects of the Inflation Reduction Act, which has led to huge private investments in US manufacturing capacity due to the simplicity of its tax credits....
...Now, the UK has moved to restrict Chinese investment in critical infrastructure and has recently used national security powers to intervene in deals involving Chinese buyers....
...The latter can perhaps be partially explained by politically driven purchases by China’s “national team” of state-affiliated institutions, rather than foreign investors....
...GDS was created in the wake of technology service failures in tax, immigration, prisons and, most notably, the NHS National Programme for IT’s £10bn collapse....
...Joe Biden’s relationship with corporate America is complicated as he courts executives with listening sessions but bristles them with his tax and regulatory plans....
...In theory, there is nothing wrong with private credit, or with insurers investing in it. It fills a market niche. Banks, keen to conserve capital, have pulled back from some corporate lending....
...Here’s more on the bids for the unit put up for sale by UBS after it took control of Credit Suisse last year....
...And if one partner is not working, it should be that non-working parent, as they will then also receive national insurance credits towards their state pension. That’s really important....
...How the US defines green hydrogen in the tax credit will shape the sector’s role in decarbonisation as well as set a global standard for hydrogen trading....
...The company also faces high tariffs to supply US vehicles and is not seeking tax credits in Biden’s landmark climate law, the Inflation Reduction Act....
...Kenza Bryan One thing I’ll be watching is this continuing trend among countries like Zimbabwe and Kenya to toughen up their own national regulatory systems around carbon credits, increasingly tax them, really...
...They analyse the debt burden of businesses that aren’t incorporated, meaning firms that are owned either by one individual or a partnership....
...“When our clients look for corporate lawyers . . . they rarely look for foreign talent because corporate is an area where Chinese is really required,” says one senior executive at one specialist recruitment...
...State-backed provider National Savings & Investments in August raised the interest rate on its one-year fixed bonds from 5 per cent to 6.2 per cent....
...It was a rare lawsuit by a company against shareholders, and the case is being closely watched by the rest of corporate America....
...It can also assist in strategic planning — by enabling companies to compare the relative profitability of different investments if a national carbon tax were imposed....
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