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At Rs 1.90L cr, govt sees 19 pc jump in direct tax revenue in April-June period

Edit India TV 10 Aug 2017
The collection of direct tax, which consists of personal income tax and corporate tax, continue to register "steady growth", it said ... However, after adjusting for refunds, the net growth in corporate tax collections is 23.2 percent while that in personal income tax collections is 15.7 percent....

New Zealand welcomes update of double tax agreement with China: minister

Edit Xinhua 10 Aug 2017
... providing greater certainty for both taxpayers and tax administrators about how cross-border investment income will be taxed and reducing compliance costs and lowering tax on some income, Collins said....

Group led by Matt McIlwain and Rob McKenna sues Seattle over income tax

Edit Business Journal 10 Aug 2017
A group of Seattle entrepreneurs and employers on Wednesday filed a lawsuit to challenge Seattle’s income tax ... ....

Survey: Lagos Tax System Inimical to Informal Businesses’ Survival

Edit This Day 10 Aug 2017
... the sector, noting that quite a lot of people and businesses operate in the sector and generate substantial income which can better help the government generate tax revenue/resources ... According to the report, transparency and accountability were poor in the tax system, and the voices of the actors in the sector are also not heard and appropriated....

Barberton, Cuyahoga Falls & Woodridge schools ask voters for emergency tax increases

Edit Cleveland 10 Aug 2017
Lakemore wants to raise its income tax to 2.25 percent, and Mogadore wants to keep its at the same rate indefinitely, according to unofficial filings with the Summit County Board of Elections ... tax increases Nov....

Direct tax kitty up 19% in Apr-July at Rs 1.9L crore

Edit The Times of India 10 Aug 2017
The collection in April-July, net of refunds, totalled Rs 1.9 lakh crore This collection is 19.5% of the Budget estimate of direct tax for 2017-18 ... Gross corporate income tax (CIT) rose 7.2%, while growth in personal income tax (PIT, including STT) was 17.5% ... The income tax department said on Monday that there was a 24% rise in the number of returns filed until the August 5 extended deadline ... Login from existing account....

A Lesson In Fraud: How Companies Avoid Tax, And Rip Off The Rest Of Us

Edit New Matilda 10 Aug 2017
Of the companies whose data the ATO has made available, just under a third declared zero taxable income (i.e ... If all companies with a declared taxable income were taxed at 30% 11,512,152,406 8,772,441,990 ... The above numbers do not account for tax avoidance by smaller (< $100m turnover) transnational companies and do not include any estimate of tax avoided by companies that have shifted most but not all of their profits offshore....

Why Amazon's UK tax bill has fallen by 50%

Edit BBC News 10 Aug 2017
Staff compensation goes up, compensation is an expense, expenses can be deducted from revenue - so profits are lower and so are the taxes on those profits. But surely this extra income for the staff is taxed? Probably not ... This is not just allowed by UK tax law - it is required by it....

Aegon Q2 income before tax returns to profit at 757 million euros, beating Reuters poll

Edit The Times of India 10 Aug 2017
* Q2 UNDERLYING EARNINGS BEFORE TAX EUR 535 MILLION VERSUS EUR 505 MILLION IN REUTERS POLL ... * Q2 NET INCOME EUR 529 MILLION VERSUS LOSS EUR 385 MILLION YEAR AGO ... NET INCOME EUR 9.8 MILLION; LOSS BEFORE TAX EUR 61.0 MILLION ... * Q2 INCOME BEFORE TAX IS PROFIT OF EUR 757 MILLION VERSUS LOSS OF EUR 61.0 MILLION IN REUTERS POLL Source text for Eikon ... Login from existing account....

ICAO to conduct on-site audit for Indonesia in October

Edit Antara News 10 Aug 2017
The International Civil Aviation Organization (ICAO) would conduct on-site audit under its Universal Safety Oversight Audit Programme (USOAP) in October, to review aviation safety standard in Indonesia. A spokesman of Air ... ....

Malawi: Audit Reveal Billions Plundered in Govt

Edit All Africa 10 Aug 2017
[Nyasa Times] Malawi government has lost about K4.4 billion due to weaknesses in financial and internal controls , a report by the Auditor General seen by Nyasa Times which has been submitted to parliament, has revealed ... ....

Annual Internal Audit Conference opens in Accra

Edit Modern Ghana 10 Aug 2017
Accra, Aug 9, GNA - The Annual Internal Audit Conference to provide a platform for key stakeholders in the fiscal and audit sector to chart plans and robust mechanisms to ensure judicious use of national resources, has opened in Accra. The two-day ... ....

Audit: rural Missouri hospital involved in billing scheme

Edit Arizona Daily Star 10 Aug 2017
JEFFERSON CITY, Mo. (AP) — Missouri Auditor Nicole Galloway on Wednesday released a report alleging a rural hospital under financial strain in northern Missouri billed insurance companies for lab tests that didn't occur at the hospital and received a cut… ... ....

4 Juicy Stories Barbara Walters Recalled About The View in Audition: A Memoir

Edit E! Online 10 Aug 2017
For the women who made "hot topics" famous, they certainly had a few of their own behind closed doors. As The View approaches its 20th anniversary on Friday, the nostalgia is... ....

Thursday Lead Letter: Corporate tax reform would boost the economy

Edit The Florida Times Union 10 Aug 2017
tax law requires payment of taxes on foreign-earned profits by U.S ... As long as the profits are held offshore, no tax payment is due the IRS ... taxpayer? One method of accomplishing such an objective would be to tax the global income of U.S ... The final tax accounting, including credits for foreign taxes paid, would come when these profits are repatriated to the U.S....
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