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Stories published on Jul 12
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  • Stories published on Jul 12

Friday, Jul 12

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Knicks' Updated Salary Cap, Luxury Tax After Jalen Brunson's 4-Year, $156.5M Contract

bleacherreport.com

The New York Knicks accrued a total of $37.1 million in future cap savings by signing Jalen Brunson to a four-year extension this summer rather than a…

City's May sales tax collections at $5.6 million

www.mrt.com

Year-to-date sales tax collections are slightly lower than 2023

23

Congress asks PM Modi to spell out his position on wealth tax on billionaires

www.thehindu.com

Congress leader Jairam Ramesh says in a post on X said that all over the world, there is a growing consensus that billionaires must pay their fair share of taxes

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JUST IN: FIRS rearraigns Binance on tax evasion charges in Nigeria

politicsnigeria.com

The Federal Inland Revenue Service (FIRS) re-arraigned Binance Holdings Limited on Friday, for a four-count charge related to tax evasion allegations. The re-arraignment took place before Justice Emeka Nwite at the Federal High Court in…

Labour's 'back door' tax plot could see Brits paying more than £63bn on earnings

www.express.co.uk

EXCLUSIVE: The Labour Government has been urged to reform the whole tax system as more than four million more Brits will be dragged into paying income tax this financial year.

Georgia Precious Metals Dealer Sentenced to 4 Years for Tax Fraud

smallbiztrends.com

Saleem Hakim, a Georgia precious metals dealer, sentenced to 4 years in prison for tax fraud and evasion, failing to report $2.8M in income.

Net tax receipts up 19.5%, corporate tax share at 36.6%

www.thehindu.com

Personal income tax receipts account for 60% of net collections, growing 21% from last year; corporate tax receipts grew 12.5%; securities transaction tax collections surge 2.3 times on back of rising stock trades

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Orange County leaders approve higher property tax for fire, emergency services

www.clickorlando.com

For the first time in 17 years, Orange County leaders have approved an increase to the Fire & EMS property tax. The increase will add an estimated $150 per $250,000 of taxable value of single-family homes in unincorporated Orange County.

World News | Ahead of Budget, US-India Forum Urges FM Sitharaman for Stable & Predictable Tax Environment

www.latestly.com

Get latest articles and stories on World at LatestLY. The US-India Strategic Partnership Forum has urged Union Finance Minister Nirmala Sitharaman to ensure a stable and predictable tax environment as she prepares for her annual budget…

Russian corporate tax to be increased to 25% from 2025

tass.com

Extra earnings from the corporate increase are expected to be about $17.85 bln in 2025

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Florida Tax Watch Calls for Renewed Tax Breaks for Home Hardening Efforts

Florida Tax Watch, a nonprofit government watchdog in operation for 45 years, is urging state lawmakers to expand wind-mitigation tax breaks for homeowners struggling with higher insurance premiums. The group this week posted an analysis…

Income tax rate of 5% for IT companies to apply in 2025-2030

tass.com

The zero tax rate was approved in spring 2022 and became one of support measures for the sector after introduction of sanctions by the US and the EU

'All' UK households face HMRC tax raid and 'budgeting is not enough'

The new Labour Party government winning the General Election on Thursday July 4 has meant UK households could be slapped with some major tax hikes, according to experts

Pennsylvania Governor Signs Budget Bill Excluding Marijuana Legalization Provision He Requested, But With 280E Tax Relief For Industry

Pennsylvania’s governor has approved a package of budget legislation that excludes provisions to legalize adult-use marijuana that he had requested. One of the bills does, however, include a section allowing certain medical cannabis…

Cheapest Tesla with longer 363-mile range goes on sale as Model 3 LR RWD qualifies for tax credit

www.notebookcheck.net

Tesla has managed to introduce a RWD Model 3 version in the US that is fully eligible for the $7,500 federal tax credit.

Court Sets Date to Rule on Binance Tax Evasion Case

politicsnigeria.com

A High Court in Abuja has scheduled October 11, 2024, to deliver its verdict in the tax evasion trial against popular cryptocurrency platform Binance. The company faces four counts of tax evasion, including failing to register with…

How do we know the UK’s sugar tax is working?

theconversation.com

A year after the sugar tax was introduced, adults in the UK cut their sugar intake by two and a half teaspoons, on average.

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EU orders France to make £12billion in savings a year amid election chaos as more 'top executives' consider moving to Dubai and Singapore over fears a hard-left coalition will impose 90% tax rates

www.dailymail.co.uk

The EU has ordered France to save more than £12billion a year or face punishment for breaking fiscal rules about deficits, raising fears of even more economic and political turmoil

Nigeria High Court to rule on Binance Tax Evasion Case in October 11

nairametrics.com

A High Court in Abuja has scheduled the verdict for the tax evasion trial against the popular cryptocurrency platform Binance for October 11, 2024.

Cross-Border Catch-Up: Activities Triggering Permanent Establishment Tax Obligations [Podcast]

natlawreview.com

276355 at https://natlawreview.com/article/cross-border-catch-activities-triggering-permanent-establishment-tax-obligations