Shell firms: I-T department to file pleas in NCLT to extract tax due

Shell firms: I-T department to file pleas in NCLT to extract tax due
The ministry has also told the CBDT that its regional directors and RoCs will “not oppose” the tax department’s applications before the NCLT. The Income Tax (I-T) Department is an “aggrieved creditor” to many de-registered shell companies and will petition …
Shell firms: I-T department to file pleas in NCLT to extract tax due

Accounting and cash flow key challenges to startups, survey finds

Accounting and cash flow key challenges to startups, survey finds
About two-thirds of Dubai start-ups and small and medium enterprises find accounting and cash flow management are key challenges for their businesses, according to a survey. More than half of these respondents said their biggest worry was that they did not …
Accounting and cash flow key challenges to startups, survey finds

Cry for the banks. They'll pay more in the levy than they'll make in tax cuts

Cry for the banks. They’ll pay more in the levy than they’ll make in tax cuts
Australia’s big four banks and their shareholders will recover very little of the new major bank levy from the proposed cut in company tax, a Fairfax Media analysis has found. In fact, the proposed company tax cut and the major bank levy would leave …
Cry for the banks. They’ll pay more in the levy than they’ll make in tax cuts

Real Time Economics: U.S. Tariffs on Hold? | Where to Find Inflation | Chavismo Wins, Venezuela Suffers

Real Time Economics: U.S. Tariffs on Hold? | Where to Find Inflation | Chavismo Wins, Venezuela Suffers
This is the web version of the WSJ’s economic newsletter. You can sign up for daily delivery here. Good morning! Today we look at the Trump administration’s mixed message on China tariffs, the United States’s two economies, software that shaves …
Real Time Economics: U.S. Tariffs on Hold? | Where to Find Inflation | Chavismo Wins, Venezuela Suffers

Book Review: Doughnut Economics: Seven Ways to Think like a 21st-Century Economist by Kate Raworth

Book Review: Doughnut Economics: Seven Ways to Think like a 21st-Century Economist by Kate Raworth
In Doughnut Economics: Seven Ways to Think Like a 21 st-Century Economist, Kate Raworth offers a new model for economics, based around the ‘doughnut’, which values human well-being and advocates for a ‘regenerative and distributive economy’.
Book Review: Doughnut Economics: Seven Ways to Think like a 21st-Century Economist by Kate Raworth

Tax law’s “opportunity zones” won’t create opportunities for the people who need it most

Tax law’s “opportunity zones” won’t create opportunities for the people who need it most
This article was originally published on The Conversation. The latest federal effort to revitalize impoverished parts of the country using tax incentives is beginning to take shape. Unfortunately, if history is a guide, it won’t work. At the heart of the …
Tax law’s “opportunity zones” won’t create opportunities for the people who need it most

Key senators back EU-style 3 per cent tax on digital giants

Key senators back EU-style 3 per cent tax on digital giants
Key crossbench Senator Stirling Griff says his party would support a 3 per cent tax on digital giants, like that which applies in the European Union, as the government continues to seek backing for its company tax cuts. The government is just two Senate …
Key senators back EU-style 3 per cent tax on digital giants

Black firms ready to fill vacuum in accounting and auditing profession

Black firms ready to fill vacuum in accounting and auditing profession
Good intentions may excuse the initial decision, regardless of how foolish it was, but then to spend years ignoring a growing body of evidence showing the harm? ‘The security cluster has been instructed by the president to solve all high-profile cases …
Black firms ready to fill vacuum in accounting and auditing profession

Uganda’s income tax proposals stun tax experts, stockmarket

Uganda’s income tax proposals stun tax experts, stockmarket
The drastic tax measure contained in a package of amendment Bills for financial year 2018/19 has troubled tax experts and capital markets players. This new tax measure is likely to force some investors to stagger their acquisition deals by breaking them …
Uganda’s income tax proposals stun tax experts, stockmarket

Live sheep trade fails on economics and welfare: Liberal MP Sussan Ley

Live sheep trade fails on economics and welfare: Liberal MP Sussan Ley
The rural Liberal MP trying to stop Australia’s live sheep exports has shot down claims from her own colleagues that the ban is being driven by inner-city Australians with no experience of farming, with strains emerging in the Coalition over the issue.
Live sheep trade fails on economics and welfare: Liberal MP Sussan Ley

There’s a crisis in psychology – here’s how technology could provide a solution

There’s a crisis in psychology – here’s how technology could provide a solution
Vyv Huddy is affiliated with the British Association for Behavioural and Cognitive Psychotherapies Control Theory Special Interest Group. Warren Mansell does not work for, consult, own shares in or receive funding from any company or organization that …
There’s a crisis in psychology – here’s how technology could provide a solution

Uganda’s income tax proposals stun tax experts, stock market

Uganda’s income tax proposals stun tax experts, stock market
The drastic tax measure contained in a package of amendment Bills for financial year 2018/19 has troubled tax experts and capital markets players. This new tax measure is likely to force some investors to stagger their acquisition deals by breaking them …
Uganda’s income tax proposals stun tax experts, stock market

"Is your company ready for the new revenue accounting rules?"

“Is your company ready for the new revenue accounting rules?”
As January 2019 rapidly approaches, many private companies are faced with the looming challenges associated with the adoption of the largest accounting change in recent memory, Financial Accounting Standards Board Accounting Standards Codification 606 …
“Is your company ready for the new revenue accounting rules?”

GST on jet fuel: Airlines can earn Rs 5,220 crore input tax credit

GST on jet fuel: Airlines can earn Rs 5,220 crore input tax credit
An input tax credit is claimed when a company pays a combined tax on output (air tickets in airlines’ case), reducing the tax paid on input (jet fuel). MUMBAI: Airlines can annually earn combined input tax credits of Rs 5,220 crore – more than five …
GST on jet fuel: Airlines can earn Rs 5,220 crore input tax credit

Surprising strategies to avoid the alternative minimum tax under the new tax law

Surprising strategies to avoid the alternative minimum tax under the new tax law
Unfortunately, the dreaded alternative minimum tax (AMT) still exists after the Tax Cuts and Jobs Act (TCJA). The good news: the TCJA made the AMT rules more taxpayer-friendly for 2018-2025, and other TCJA changes reduce the odds that you’ll owe the AMT …
Surprising strategies to avoid the alternative minimum tax under the new tax law

Aussie senators to support tax plan in exchange for tech giant crackdown

Aussie senators to support tax plan in exchange for tech giant crackdown
Australian crossbench senators have said they would support the federal government’s AU$176 billion tax plan in exchange for a tax on digital companies such as Google, Facebook, and Uber. The Coalition needs two more votes to get its plan to cut income tax …
Aussie senators to support tax plan in exchange for tech giant crackdown

Edinburgh conference to examine tax rises facing landlords

Edinburgh conference to examine tax rises facing landlords
A special conference is being held in Edinburgh to help landlords deal with the biggest shake-up of Scotland’s letting industry in 30 years. Tax experts from Anderson Anderson Brown LLP and letting industry specialists from Aberdein Considine are hosting …
Edinburgh conference to examine tax rises facing landlords

How do you achieve tax reform when the government are more interested in name-calling than honesty?

How do you achieve tax reform when the government are more interested in name-calling than honesty?
Rather than prosecuting the case for their policies, such as they are, the Coalition have decided their best chance of re-election lies with their “Kill Bill” strategy where they try to convince us, mainly through puerile name-calling like “Unvelieva …
How do you achieve tax reform when the government are more interested in name-calling than honesty?

Tax Evasion: Bitfinex Cryptocurrency Exchange Set to Give Out Customer Data to Government

Tax Evasion: Bitfinex Cryptocurrency Exchange Set to Give Out Customer Data to Government
In a notice sent out to its clients, Bitfinex has made it clear that clients must compulsorily send in their tax information so that it will, in turn, give it to the British Virgin Island authorities who will share the same data with relevant tax …
Tax Evasion: Bitfinex Cryptocurrency Exchange Set to Give Out Customer Data to Government

Tax Optimiser: How professional Mavalankar can save tax via NPS, rejigging perks

Tax Optimiser: How professional Mavalankar can save tax via NPS, rejigging perks
Varsha Mavalankar is an IT professional based in Pune. Her pay structure is fairly tax friendly but there is scope to reduce the tax further. Taxspanner estimates that Mavalankar can reduce her tax by over Rs 40,000 if she gets more tax-free perks, she …
Tax Optimiser: How professional Mavalankar can save tax via NPS, rejigging perks

Company tax cuts: Google levy could win crossbench support

Company tax cuts: Google levy could win crossbench support
A TAX crackdown on digital giants like Amazon and Google could be the key to Malcolm Turnbull securing enough crossbench support to pass his massive $35.6 billion tax cut for big business. Centre Alliance senators Rex Patrick and Stirling Griff have …
Company tax cuts: Google levy could win crossbench support

Crossbench senators name digital price for passing budget tax plan

Crossbench senators name digital price for passing budget tax plan
Crossbench senators would support the government’s $175 billion tax plan in exchange for a tax on digital companies such as Google, Facebook and Uber. The government needs two more votes to get its plan to cut income tax for lower- and middle-income …
Crossbench senators name digital price for passing budget tax plan