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This rate would now also bite on the tax paid in each country individually rather than on a global blend of all foreign earnings. Effectively, if a company paid 12.5 per cent in Ireland it might, under this plan, end up paying an extra 8.5 per cent tax on its Irish income in the US. US treasury secretary, Janet Yellen, strongly backs the Organisation for Economic Co-operation and Development corporate tax reform process. Essentially this would represent a tax on US multinational activity in Ireland and other countries. Confirmation this week that the Democrats can circumvent the famous filibuster in the US Senate by using procedural changes make the prospect of the proposals passing through Congress by summer more real. ....
Lawyers, bankers and accountants shared €400m in fees from SPVs in 2020 irishtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from irishtimes.com Daily Mail and Mail on Sunday newspapers.
Withholding tax returns to haunt FPIs The move will impact at least 4,000 foreign funds that together hold debt paper worth ₹4 lakh crore in the Indian market, said people with direct knowledge of the matter. Synopsis The government tweaked income tax rules to accommodate a beneficial withholding tax rate of 10% to alternative investment funds (AIFs) that invest through the Gujarat International Finance Tec (GIFT) City International Financial Service Centre (IFSC). Mumbai: Foreign funds betting on Indian bonds may be in for a tax shock. The withholding tax for foreign portfolio investors (FPIs) funds dealing in debt securities is set to surge to as much as 20% with effect from April 1 from 5%. The fine print of the budget notification has showed that a special law allowing lower taxes to them has been removed. The move will impact at least 4,000 foreign funds that together hold debt paper worth ₹4 lakh ....
Amreli DCCB: Sanghani continues to be rooted; wins 6th time Congratulations pour; IFFCO MD one of the firsts to complement Leaders draw their strength from their roots and Amreli DCCB is the root of NCUI President Dileep Sanghani. He has proved again that he continues to be rooted by winning for the sixth term as the Chairman of Amreli Jilla Madhyastha Sahakari Bank. Arunbhai M Patel has been re-elected unopposed as the Vice-Chairman of the bank. After the declaration of the results, Sanghani was profusely garlanded and cheered by his supporters. An emotional Sanghani expressed thanks to his supporters. The news of his re-election, spread like wildfire on social media platforms where everyone started congratulating him for his victory. ....