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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 ...

Finance Minister Nicola Willis says reforms to the rules around charity tax exemptions will be announced in the 2025 Budget. Photo / Mark Mitchell The profit made on every breakfast bowl of Weet ...

Shares of Grab Holdings (GRAB) are moving higher after Singapore Prime Minister and Finance Minister Lawrence Wong said companies will receive a 50% corporate income tax rebate in 2025.

Most Americans who earn an income are responsible for giving a cut to the government. The total amount you owe a federal, state, or local taxing authority for the year will depend on your tax ...

But lawmakers retained VAT at 7.5%, rejecting the original proposal, and excluded minimum wage earners from income tax to ease the tax burden on lower-income earners. Additionally, instead of a 60 ...

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 ...

Pre-tax profits at the expanding Cork based family owned Kearys Motor Group last year decreased by 22% to €6.26m due to higher costs. New accounts show that the group recorded the decrease in ...

Warren Buffett underlined the massive scale of Berkshire Hathaway's tax payments, urged the government to spend the money wisely, and hailed two of his successors in his annual letter to ...

In 2025, we expect a non-GAAP effective tax rate in the mid-20% range, consistent with 2024. In the first quarter of 2025, we will begin burdening our Adjusted Net Income with stock-based ...

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 ...