United States: The limits of SC’s new affordable housing tax credit September 02, 2021 Haynsworth Sinkler Boyd To print this article, simply register or connect to Mondaq.com. Adopted last year, South Carolina Seniors Workforce and Affordable Housing Act attracts the attention of developers. The law allows a tax credit on certain state taxes or...
Read MoreYesterday (July 8), Cairn Energy, a British oil and gas exploration and development company, claimed it would freeze at least 20 Indian properties in central Paris in accordance with a French court ruling. This is the dispute between the company and the Indian government over the 2012 retrospective changes to tax laws. In December...
Read MoreBelow is our summary of the Internal Revenue Service (IRS) key directions and relevant tax matters for the week of June 7, 2021 to June 11, 2021. Additionally, for ongoing updates on the tax impact COVID-19, please visit our resource page here. June 7, 2021: The IRS issued a Press release announcing that it...
Read MoreNational Income Council Chairman Abu Hena Md Rahmatul Muneem said on Sunday that difficulties in the tax payment system made people reluctant to pay income tax. “Paying taxes is not difficult for people with taxable income, but they don’t want to pay taxes due to problems in the tax payment process,” he said at...
Read MoreAt its annual general meeting on July 15, the chairman and managing director of Reliance Industries Ltd (RIL), Mukesh Ambani, said that RIL is one of the highest taxable companies in India. This announcement was also featured in his speech to shareholders at previous AGMs. But what is the total share of taxes that...
Read MoreDESPITE the decision to cease operations in the country, a Philippine offshore gambling operator (POGO) is not yet out of the woods as the government has promised it will still pursue taxes. Citing information from the Bureau of Internal Revenue (BIR), Finance Secretary Carlos G. Dominguez III said on Monday that SC World Development...
Read MoreRICHMOND, Virginia – Native Americans honored an almost 350-year-old peace treaty on Wednesday on Capitol Hill. The Mattaponi and Pamunkey tribes presented a tax tribute of two deer to Governor Ralph Northam, following the agreement between the tribes and the leaders of the Virginia Corporation at the time. With two deer lying in front...
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