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Finance

Pension warning as over-65s at work may trigger ‘taxation trap’

“It could be an issue if they join their new employer pension scheme as, based upon contribution rates of eight percent, a salary of over £50,000 would result in contributions exceeding £4,000 per tax-year. “The individual would be personally taxed on any excess above £4,000.” The MPAA means the total amount which can be contributed […]

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UK

Norway MOF Clarifies Taxation of Specific Ship Rental Payments Under DTA With Singapore

Daily Tax Report: International Sept. 12, 2022, 5:00 AM The Norwegian Ministry of Finance July 5 issued an interpretation statement clarifying the taxation of specific ship rental payments under the 1997 DTA with Singapore. The taxpayer sought to clarify whether the rent paid to companies, resident in Singapore, for ships under a time charter agreement, […]

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Technology

‘People will freak out’: The cloud boom is coming back to Earth, and that could be scary for tech stocks

Cloud computing is widely viewed as a recession-resistant business, but the theory has not really been tested since cloud-service providers have not experienced a major economic downturn since becoming a core element of of tech infrastructure. As a potential recession looms, investors should be prepared for the cloud boom to return to earth, and there […]

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UK

Norway MOF Seeks Comments on Amendments to Wage Income Taxation for Work Stays Abroad

Daily Tax Report: International May 27, 2022, 5:00 AM The Norwegian Ministry of Finance May 24 opened a consultation on a draft proposal to amend the taxation of income earned by taxpayers on work stays abroad lasting at least one year. The draft proposal includes measures that would: 1) limit taxpayers’ stays in Norway during […]

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Science

UK politics live: Starmer accuses Sunak of taxation ‘hypocrisy’

09:19 Starmer accuses Sunak of taxation ‘hypocrisy’, and demands assurance no other ministers benefiting from non-dom status And here is a fuller account of what Keir Starmer has been saying about the Sunak family’s tax arrangements on a campaign visit to Sunderland. Like Wes Streeting this morning (see 11.03am), Starmer argued that unfairness was the […]

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Technology

Mississippi governor signs plan to study taxation of cloud computing

On March 28, 2022, Mississippi’s governor signed S.B. 2831, creating the Taxation of Remote and Internet-based Computer Software Products and Services Study Committee, which is tasked with examining the taxation of remote and internet-based computer software products and services in Mississippi. By October 1, 2022, the Committee must report to the legislature its findings and […]

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Technology

Miss. Special Panel To Study Taxation Of Cloud Computing – Law360

By Michael Nunes · March 29, 2022, 3:26 PM EDT Mississippi will create a special committee to examine taxation of remote and internet computer services under a bill signed by the governor. Republican Gov. Tate Reeves signed S.B. 2831 into law… To view the full article, register now. Source link

Categories
Automotive

New car tax pay per mile proposals could subject drivers to ‘unfair double taxation’

The Transport Select Committee has warned balancing national and local schemes is the job of the Government. They said experts needed to “examine how” a new scheme can be delivered while “respecting the existing devolution settlement”. However, the Committee has also warned a new scheme must ensure drivers do not “pay more than they do […]

Categories
Canada

‘Europe will disintegrate!’ End of EU fears as bloc faces taxation crisis

EUROPE could soon “disintegrate” unless EU leaders agree for stronger cooperation on taxation, the President of the European Trade Union Confederation has warned. Read more here Daily Express :: World Feed