(Bloomberg) — New Jersey Governor Phil Murphy is proposing charging the state’s biggest businesses to support its struggling public transportation system. Murphy is planning to unveil the so-called “Corporate Transit Fee” on Tuesday as part of his budget presentation for the upcoming fiscal year that begins July 1. The charge will apply to corporations with…
MARDAN: Pakistan People’s Party (PPP) leader and former federal minister Nawabzada Khwaja Muhammad Khan Hoti on Tuesday threatened to launch a protest movement if the Khyber Pakhtunkhwa government didn’t reduce the property tax within two months. “The property tax in Punjab and other provinces is three percent. However, the people in Khyber Pakhtunkhwa have to…
A landmark global tax deal targeting the world’s largest companies is struggling to come into force as political support in the US and other key jurisdictions falters. The enactment of the first “pillar” of the OECD-brokered reforms, which would make big tech groups and multinationals pay more tax in the place they do business, has…
Annual income of more than $640,000 to be taxed at 16%. City is looking at ways to plug the hole in its budget. Hong Kong will raise the tax on high earners — the first increase in two decades — in a surprise move designed to lower the city’s fiscal deficit. A two-tier tax system…
Edible oil manufacturers have called for significant tax reforms, including a reduction in the duty on Crude Palm Oil (CPO), the abolition of section 8B of the Sales Tax Act, and an increase in taxes on commercial importers. These measures aim to stimulate industrial growth and support the agricultural sector. The industry imports over 3.2…