Tag: taxes

NEWS

IDB — Regional Tax Revenues Down

The Inter-American Development Bank (IDB) says tax revenues rose moderately across Latin America and the Caribbean (LAC) in 2019 before declining sharply in 2020 as the COVID-19 pandemic drove down global economic activity. The Washington-based financial institution said revenue statistics in Latin America and the Caribbean this year, shows that the average tax-to-gross domestic product (GDP) ratio in the LAC […]

BUSINESS

New Year’s Tax Resolutions You Should Have In Mind For 2019

The 2018 tax overhaul impacted significant modifications to the code, such as limiting the deduction for state and local taxes, culminating in an ultimate expansion of tax credit even for children under the age of 17. Employers and pension payers lower their withholding for 2019, allowing taxpayers to get the benefits of lower rates instantly. But in as much as […]

NEWS

Protesters In Taiwan Demand Lower Taxes

Taking their cue from France’s yellow vest movement, thousands of Taiwanese hit the streets in protest to make demands for lower taxes and a more equitable settlement of tax disputes. Protesters decked out in yellow vests, carrying placards, as well as banners shouted slogans and blared air horns outside the Ministry of Finance in Taipei, the capital city, voicing their […]

EDITORIAL

Will Other Countries Stand Idly By While U.S. Cut Taxes?

President Trump has touted his tax cuts as the best thing since sliced bread and no doubt, it is for the haves, but not the have-nots. The fact of the matter is the new U.S. tax cut policies are not the only game in town as other countries are bound to react to make themselves competitive. So, let the global […]