Latest News for: Taxes offshore

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Covid under control, Goa casinos restart Monday

Indian Express 19 Sep 2021
Rana Kapoor's wife, daughters sent to judicial custodySonu Sood evaded Rs 20 crore tax ... The offshore casinos on the Mandovi also pay entry fees and local taxes to the Corporation of the City of Panaji and about Rs 25 lakh for licenses to the Excise Department.
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Investing offshore has become popular – but how much should you be investing?

Independent online (SA) 18 Sep 2021
So, how do you decide how much of your funds to invest offshore and how much to invest locally?. SA versus offshore ... Offshore assets need SA assets and vice versa ... Also remember, just because the US is seen as less attractive, it does not preclude other offshore investment destinations.
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NAB, NADRA get access to tax data under new ordinance

The Wire 18 Sep 2021
Moreover, it has also been given access to offshore tax data the Organisation for Economic Cooperation and Development (OECD) shares with Pakistan ... The ordinance is aimed to broaden the tax base of the country.
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At an economic 'inflection point,' Biden leans into expansive, populist agenda

The Keene Sentinel 17 Sep 2021
We can restore some sanity and fairness to our tax code ...It’s a historic middle class tax cut, cutting taxes for over 50 million families ... They’d rather protect the tax breaks of those at the very top than give tax breaks to working families ... Other tax increases included in the package touch offshore profits and investors.
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Former Dearborn Hyatt Regency to be sold, feature apartments, firm says

Detroit news 16 Sep 2021
The former Dearborn Hyatt Regency is headed for a sale and a new life with apartments, a real estate firm confirmed Wednesday ... In 2014, the hotel owed more than $850,000 in Wayne County property taxes while operating as the Adoba. By 2016, managers confirmed it was sold to an offshore investment group for an undisclosed price ... ....
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Iberdrola warns of ‘protectionist’ risk to US offshore wind sector

Power Technology 15 Sep 2021
If US authorities clamp down on the use of foreign materials and equipment, there is a risk that offshore wind power will be left unused in the water ... In a proposed $3.5tn infrastructure package, congressional Democrats are seeking to impose new green tax credits, which they hope will spark a boom in renewable energy, including offshore wind.
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Iberdrola: U.S. Risks Killing Its Own Offshore Wind Boom

Oil Price 15 Sep 2021
Congress to tie green tax credits with local content materials risk holding back the American offshore wind ...
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How Abbott Laboratories devised its formula for ‘single Malt’ taxation

The Irish Times 15 Sep 2021
Second, will the earnings eventually be caught for some tax by the US offshore earnings regime introduced on foot of the 2017 tax bill, the global intangible low-tax income (“gilti”) tax, which would kick in at a rate of 13.125 per cent?.
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We should fix the tax code to support work, not wealth | Opinion

Penn Live 15 Sep 2021
Multinational companies dodge taxes by hiding profits and shipping jobs offshore ... Under the same law, millionaires also got big tax breaks while average families got much less ... And they would curb offshore corporate tax dodging and raise the corporate tax rate to ensure big companies pay a fairer share and keep good-paying jobs here.
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Democrats target cigarettes and vaping as potential sources to pay for $3.5 trillion economic package

Union Leader 15 Sep 2021
The new proposal put forward in the House this week would raise or impose taxes on a wide array of products ... The still-forming spending bill uses a mix of tax credits and payments to try to reduce carbon emissions, for example, and to keep companies from offshoring jobs and profits.
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Increasing GILTI is the wrong decision for PA’s workers, businesses, and economy | PennLive letters

Penn Live 14 Sep 2021
Unfortunately, some federal officials do not agree with that sentiment and are instead championing corporate tax increases that do little to help American workers and businesses. Specifically, the proposal to double the Global Intangible Low Tax Income (GILTI) rate from 10.5% to 21% would have devastating effects on employment and our economy.
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NSE, SGX want to rope in Hong Kong brokers on GIFT platform

Business Line 14 Sep 2021
Singapore bourse SGX and India's National Stock Exchange (NSE) are in favour of allowing brokers from Hong Kong to trade on the Gujarat based GIFT City platform, which is being promoted as India's tax free offshore destination ... the SGX, which also has a tax treaty with Singapore.
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Dems’ reconciliation tax plan lets billionaires off the hook

People's World 14 Sep 2021
Many billionaires have no “income” at all but have billions of dollars in accumulated wealth that the plan put forward yesterday by the House Ways and Means Committee avoids taxing ... Raising the corporate income tax rate and the capital gains tax rate, curbing offshore corporate tax dodging, a 50% tax increase on foreign profits of U.S ... taxes.
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Crypto Vs. Credit Cards: What is Better for GamStop Users?

Cryptopolitan 14 Sep 2021
GamStop is software that blocks all gambling sites for a period ... Most of these sites are crypto casinos ... Pros of Crypto Gambling. ... One as it is not regulated by the government of a country, it’s a tax-free possession. Another advantage is there is no restriction on offshore gambling ... It can be used to make deposits at offshore gambling account.
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House Democrats eye corporate tax rate hike, surtax on wealthy in spending package – sources

Metro USA 13 Sep 2021
In a statement, White House spokesman Andrew Bates said House Democrats are making “significant progress towards ensuring our economy rewards work and not just wealth by cutting taxes for middle class families; reforming the tax code to prevent the offshoring of American ...

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