An excess profits tax is a special tax assessed on an entity beyond a specified amount of profit, usually exceeding what is deemed normal. An excess profits tax can be implemented to reduce income ...

A windfall tax on the record profits of Britain’s biggest banks could bring in nearly £15bn for the public purse, new analysis suggests. Britain’s ‘Big Four’ banks – Lloyds, NatWest, HSBC and Barclays ...

The gaming and hospitality world has been buzzing with opportunity following these past few weeks’ brutal sell-off, and few names are as ...

TAIPEI (Reuters) - Taiwan's Foxconn, the world's largest contract electronics maker, reported a 13% drop in fourth-quarter profit as weak performance in its consumer electronics division offset ...

Within minutes of showing up, a twenty-something software engineer dispatched from DOGE began demanding access to the tax collection agency’s most protected internal databases – first the IT ...

In the Union Budget 2025, the Finance Minister announced significant changes to the new income tax regime Under the new tax system, people will not have to pay income tax on annual earnings up to Rs ...

Residents and politicians are at odds over what to name the long-awaited sports complex and park being built in southeast ...

To ensure that poor people pay taxes, too, they advocate for a grocery tax that absorbs a much greater percentage of the income of low income families. The quiet part out loud is a reference to the ...

British meal delivery company Deliveroo reported its first year of profit and positive free cash flow in 2024 and said it expected to deliver more growth this year despite an uncertain consumer ...

Profit for 2024 rang in at $1.5bn, a dip of 2% from the previous year, as higher corporate debt and interest on lease expenses took a toll. The Dubai-headquartered company’s net finance costs ...