UAE corporate tax: Large multinational companies to pay 15 percent top-up tax in 2025 – Economy Middle East
UAE considering introducing R&D tax incentives to boost R&D activities The UAE has announced new taxes on large multinational companies in its latest amendments to its corporate tax law. Following the issuance of Federal Decree Law No. 60 of 2023, the national minimum surcharge will come into effect in the UAE from financial years beginning […]
State works to reduce huge backlog for key business tax credit – Hawaii News Now
HONOLULU (HawaiiNewsNow) – A tax credit meant to encourage employers to hire marginalized workers is stalled by the state's backlog of tens of thousands of workers. Officials told HNN they are working to reduce these numbers. The federal Work Opportunity Tax Credit is available to businesses that employ people from groups that the IRS says […]
Intuit Debuts Tax Platform Tools for Consumers and Small Businesses – PYMNTS.com
intuition has rolled out a new tax platform product for individual and small business filers. Companies that provide services such as turbo tax, credit karma and quickbooks announced the new tool on Thursday (Dec. 5), saying it's part of an effort to help taxpayers outside of tax season. “Getting your tax refund is a pivotal […]
Trump’s populist 'mandate' could disrupt business tax reform wish list
Congress and the Republican Party have changed since then-President Trump and the Republican Party enacted the Tax Cuts and Jobs Act of 2017. House Speaker Mike Johnson (R-Louisiana) and Republican leaders are scrambling to deliver a follow-up to the first 100 days of the Trump administration, but they are struggling with campaign promises and demands […]
These parts of Trump's tax cut law expire in 2026
The Tax Cuts and Jobs Act of 2017 (TCJA) limited the impact of the bill's widening budget deficits by permanently reducing corporate and business taxes and temporarily reducing personal taxes. Over $36 trillion. With Republicans now expected to control both chambers of Congress and the White House, they will be able to implement Act 2 […]
Judge in Hunter Biden tax case rebukes president’s claims of unfair treatment
The federal judge overseeing Hunter Biden's tax case slammed the president's claims that his son was unfairly prosecuted in a new court filing Tuesday night. U.S. District Judge Mark Scalsi said: President Biden's statement Announcing full and unconditional pardon for son “in tension with case record” in Hunter Biden's California legal proceedings. “No reasonable person […]
Thune lays out plan for separate border and tax reconciliation bills
Incoming Senate Majority Leader John Thune (R.S.D.) said at Tuesday's Senate Republican Dinner that Congress would first embark on a budget reconciliation package focused on border security and defense next year and then act on it. He presented an ambitious plan to do so. They reached an agreement this year on a second round of […]
Hospital group launches ad campaign for disaster relief tax credits
A major hospital trade group this week launched a six-figure ad campaign asking Congress to extend disaster relief tax credits to help hospitals recover from Hurricanes Helen and Milton. The Federation of American Hospitals (FAH) said Tuesday that assistance is needed to help employers in affected areas rebuild and provide incentives to retain or bring […]
Elon Musk, Vivek Ramaswamy uncover SHOCKING uses of US tax dollars
Department of Government Efficiency co-heads Elon Musk and Vivek Ramaswamy have vowed to cut down on government … source
Senate Democrat: California will use tax dollars to help migrants facing Trump 'threats'
Sen. Alex Padilla (D-Calif.) said California is giving taxpayer dollars to immigrants who need “legal aid, legal advice, legal assistance” due to “threats” under President-elect Trump's administration. He said he was prepared to use tax money. “If the first Trump administration is any indication, we know that there continues to be a lot of fear […]