(The Center Square) – In the stack of more than 80 bills the Missouri House of Representatives voted to send to the Senate is an effort to phase out the corporate income tax and end tax credits. If the Senate passes House Bill 2274 as it currently is written, the corporate tax rate would decrease from 4% to 3% on Jan. 1, 2025, drop to 2% in 2026, 1% in 2027, and no corporate tax would be imposed in 2028 and thereafter. The bill was first read in the Senate in late March and no...
A Democrat serving her second term in the U.S. House of Representatives recently stated that temporarily exempting black people from paying taxes is not "necessarily a bad idea." However, while parsing through the idea, she determined that such an exemption from taxes still likely won't redress the centuries-old horrors of slavery or current wealth disparities between black people and other racial groups since many black people "aren’t really paying taxes in the first place."On a recent episode...
These Are The Countries With The Highest Corporate Tax Rates In 1980, the global average corporate tax rate stood at 40.2% - a level notably higher than today Over the last several decades, corporate tax rates have declined across every region, with the average now falling at 23.5% as of 2023. As tax rates have sunk lower, U.S. Treasury Secretary Janet Yellen and others have called for a global minimum corporate tax to prevent multinationals from sheltering profits in tax havens. ...
Keith Lewin is the founder and chairman of PostTag, a company providing precise address data to delivery and taxi businesses. Founded in 2016, PostTag has created software that it says processes over 3,000 address validations every minute to provide “precise longitude and latitude details”. Because this data is more precise it means companies can save […]
MISSOURI — A plan to eliminate the corporate income tax in Missouri continues to be discussed with lawmakers. It's legislation that didn't get passed in the Senate last year. This year, the House has already passed the bill - with the help of Representative Ben Baker's special committee on tax reform. It's currently sitting in []
Opinion: For many of us, because of stress, hurry and the concomitant demands we place on ourselves, our breaths are too short, too shallow and too many
Donald Trump is offering a corrupt deal to America’s wealthy elites: He’ll give them tax cuts and deregulation if he’s elected to a second term, even though he’s signaled that he intends to govern as an autocratic leader unrestrained by the rule of law. That would be a deal with the devil that’s likely to end badly for everyone—even the corporate elite, many of whom remain in a state of denial about Trump. Daniel Ziblatt, director of Harvard’s Center for European Studies, has studied what...
President Biden will head to Pennsylvania on Tuesday to make the case that the rich and corporations don’t pay the bulk of taxes in America. Still, his own Treasury Department refutes his numbers.
OTTAWA - Finance Minister Chrystia Freeland has ruled out raising taxes on the middle class in the upcoming federal budget - but won't say if corporations or the wealthy are in for the same treatment. Freeland pointedly did not answer Tuesday when asked during a news conference about the prospect of new taxes on corporate Canada or others not part of the middle class. Instead, she emphasized the “urgent” need to invest in things that are important to Canadians, such as housing and...
Managers are 11 per cent less likely to give a promotion to staff who work entirely from home than to those who are completely office-based, a study by the University of Warwaw reveals.
Counterfeit Botox injections have lead to hospitalizations after patients developed a botulism-like illness across the country.
(The Center Square) – While Illinois looks at tax credits for gifting endowments, student loans, hiring journalists and music companies, Missouri is looking at phasing out not just tax credits but also their corporate income tax. Not among the slew of tax credits the Illinois Senate is reviewing is the Invest in Kids school choice scholarship tax credit, which expired at the end of 2023. There’s been no public discussion about revisiting the program. Illinois...