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...As part of the strategy update, the broadcaster is expected to continue to slim down its operation because of a cash crunch due to the freeze in licence-fee income over the past two years....
...The government has set up two sovereign wealth funds to save exceptional income for future pension, infrastructure and climate challenges....
...If its tax rate were the same as in 2016, income tax expense last year would have been closer to $6bn than $4bn. That would have trimmed the net income margin from close to 49 per cent to 45 per cent....
...The list of investments businesses can use to lower their corporation tax bill could be broadened, but alongside something to reduce the built-in bias towards debt financing....
...The corporation has said it will seek more partnerships with third parties to boost commercial income, similar to the deal it recently struck with US entertainment group Disney to produce the Doctor Who...
...politically influential association would pay $418mn in damages to home sellers and agree to changes to its rules that are likely to slash the commission fees that supply the bulk of its 1.6mn members’ income...
...Waiving these taxes would require “significant legal changes to the corporation taxation system in Belgium”, said one person involved in the discussions, who thought it therefore unlikely to happen....
...Indian income tax officials in February 2023 conducted a three-day search at the BBC’s Delhi and Mumbai offices shortly after it aired India: The Modi Question, a two-part documentary about the Hindu nationalist...
...Third, governments must enact windfall taxation on the extreme profits that have been generated by corporations in recent years....
...Separately, asked whether they backed the Biden administration’s latest proposals to raise taxes on corporations and high-income individuals, nearly two-thirds said they supported the idea....
...These saved $2.1bn of tax in the 2023 fiscal year, increasing income per share by 13 per cent. Bermuda-headquartered insurers and reinsurers are also prepared for an increase....
...Economic indicators: Japan publishes household spending data for December as well as overall wage income figures for employees....
...The Internal Revenue Service said on Wednesday that it was preparing “dozens” of audits of large corporations, partnerships and high-income taxpayers to see if their use of jets had been properly designated...
...This should of course also include a shift away from taxes on labour income....
...Despite the brighter outlook for net interest income, on average across the six banks analysts are anticipating net income for the first three months of 2024 will fall about 14 per cent, according to consensus...
...Sraer suggests that the scheme has another benefit: it turns employees into corporation tax enforcement officers....
...The incoming premier has pledged tax cuts for middle-income earners and aid for small businesses after calls to tackle rising costs....
...He added that “elevated pay growth has also supported income tax receipts, despite the national insurance cut which came into force in January.”...
...The OECD research suggests high-income jurisdictions, such as Australia, Germany, Japan and the UK would receive the second-highest amount in additional revenue....
...The rise in the tax burden reflects the 2021 increase in the rate of corporation tax and the multiyear freeze in most personal tax thresholds, as well as changes in the underlying economy that have boosted...
...There are also online tools to help people work out whether they can buy in certain areas, such as an interactive map provided by the Canada Mortgage and Housing Corporation....
...At present, a branch of the main clearing house the Depository Trust and Clearing Corporation, called the Fixed Income Clearing Corporation, is the only venue where Treasury trades are cleared....
...The minimum tax on corporations has been fixed at 15 per cent [under an international agreement]. But originally, the number that was proposed was 25....
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