The world's most indebted country, the United States, is expected to be the biggest recipient of aid from the World Bank next year, according to a study by the think tank.The report by the Center for American Progress found that the US spends an average of $14,200 per capita on international aid, compared with $11,500 in the next-highest-ranked country, China.But
Read More
I have been thinking about quitting my job.I was in my early thirties when I first started my job at a major financial services company in Toronto.I thought I was doing a great job, but when I went on maternity leave in 2006, I realized I was paying tax on income I didn't earn, even though I did not file
Read More
New Jersey voters are about to be handed a huge tax refund thanks to the Governor's tax refund package.The New York Times reports that Gov.Chris Christie's administration is rolling out the program in the state this week.Here's what it looks like:New Jersey has been grappling with the aftermath of Superstorm Sandy.In addition to $4.7 billion in tax refunds to businesses
Read More
Malaysia's taxation system is a tangled mess that is in many ways similar to the US tax code.Its complicated structure, its lack of clear and consistent rules and its lacklustre enforcement are all parts of a very complicated and confusing tax system.Malaysia's system is currently a mess, according to the latest figures from the OECD, a tax watchdog organisation that
Read More
New Jersey could be on the verge of introducing a new kind of income tax, with a state lawmaker saying the proposal has been discussed by the Department of Taxation.The legislature passed the bill, which is a response to the governor's request for a more progressive tax system in the state, last week.New Jersey Gov.Chris Christie, who took office last
Read More
By Daniel McTaggart, The Age article More than half of Australian households are not paying income tax, according to a new report by the Australian Taxation Office.This means many people are paying more tax than they are receiving.In an era of rising inequality, Australians are paying even more tax.But how does this work?The ABC's National Income and Product Accounts podcast
Read MoreItalia 1-2 Udinese (A): Mihai Kratochvil scored a late equaliser for Udinese, after the hosts had been held to a 1-1 draw by the Giallorossi. Athletic director Marco Bertolini said he felt sorry for the team. "We had to play a match with an inferior team and that is very difficult to overcome," he said."I had to take into account the possibility
Read MoreThe tax authorities in China and the Philippines have declared that the tax holiday on capital gains and dividends is no longer valid.As a result, the companies with which you and your spouse and child have been in a relationship for two years or more will have to pay the tax due on the income you earned before the change,
Read More
It was billed as a new tax on corporations.But it also had one big downside: It would mean billions of dollars of tax for the world's poorest countries.As a result, it is the most popular corporate tax reform ever proposed.So how does it work?The World Bank explains: Taxation and Corporate Responsibility The Tax Treaty is the first multilateral treaty on
Read More
Posted November 20, 2018 06:07:40 How to figure out the best tax rates in Australia?If you're new to tax law, you'll probably find it hard to get started.There's not a lot of clarity on what's included in a tax, how much it is, and how it's calculated.If the best rates you find online are higher than what's in the law,
Read More
