Trinidad and Tobago has increased a number of tax rates, as announced in the country’s 2018 Budget.
Tax
Washington D.C. Rakes In $50M In Property-Tax Prepayments
Washington D.C.’s city government has collected more than $50 million in prepayments of 2018 property taxes from about 7,500 taxpayers.
Small Business Association Lauds Repeal Of ‘Staircase Tax’ in UK
The Federation of Small Businesses (FSB) in the United Kingdom (UK) has described the release of draft legislation by the UK Government that would “repeal” the so-called staircase tax as a welcome development.
U.S. Budget: Republicans Seek Fiscal Discipline To Reduce Deficit
The head of a conservative Republican faction in the U.S. Congress, Mark Meadows, who voted this month for a huge expansion of the national debt to pay for tax cuts, on Sunday urged budget restraint in 2018.
German Conservatives Seek Corporate Tax Cuts
Germany’s Bavarian conservatives are pressing for corporate tax cuts and cuts to welfare payments for asylum seekers.
Swiss Banks To Begin Collecting Foreign Taxpayer Data
Several of Switzerland’s agreements for the automatic exchange of information (AOEI) in tax matters will become effective with numerous other territories from January 1, 2018.
Goldman To Take $5Bn Hit To Profit From New Tax Law
Goldman Sachs Group Inc said today that it expected its fourth-quarter earnings to decrease by about $5 billion, as the bank looks to take advantage of a new tax law
Anambra, Rivers, Kano, Others Stall Final States’ IGR Computation
The National Bureau of Statistics (NBS) has reported that total Internally Generated Revenue (IGR) by states in the third quarter this year tentatively stood at N149.45 billion, even as many states failed to provide their IGR data
Barclays Expects $1.3BN Writedown From U.S. Tax Reform
Barclays on Wednesday stated that it expected to take a writedown of about 1 billion pounds ($1.34 billion) on its annual post-tax profit as a result of the U.S. tax overhaul.
JPMorgan Pays $2.8M Fine Over Improper Safeguards For Customers
JPMorgan Chase & Co will pay $2.8 million to settle charges that a broker-dealer unit lacked sufficient controls to safeguard customer securities from several countries