Set for a record tax collection driven by salaried employees
Treasury’s Tax Plans and Projections The Treasury is aiming for record tax revenues from individuals, targeting around 15.5 billion euros, exceeding a set goal of 15.2 billion euros. Authorities attribute this success to increased incomes for wage workers and pensioners, noting that many are paying more taxes since the income brackets haven’t been adjusted for […]
GM slashing over 1K salaried jobs at software, service units
General Motors said Monday it was laying off more than 1,000 full-time employees across its software and services divisions around the world. GM confirmed the job cuts, first reported by CNBC, in a statement saying, “As we build GM’s future, we need to simplify for speed and excellence, make bold choices and prioritize investments that […]
New Biden rule extends overtime to millions of salaried workers
The Biden administration on Tuesday announced rules aimed at ensuring that workers making less than about $59,000 a year are fairly compensated for overtime. The Ministry of Labor said: The rule would raise the salary threshold necessary to exempt salaried workers from federal overtime pay requirements. The office announced that starting in July of this […]
Target doubling bonuses for salaried employees: report
Target will reportedly double bonuses for salaried employees this year in a show of financial strength, despite a tough year for the retailer, which reported declines in store traffic and same-store sales for the first time since before the pandemic. There is. Target plans to pay employees 100% of their eligible bonuses in 2023, an […]