Tax

Trudeau’s small-business tax fight fits with his old inequality messaging

Canadian Prime Minister Justin Trudeau speaks at the St.Matthew’s Day banquet in Hamburg, Germany Friday February 17, 2017. (Adrian Wyld/CP) There’s a school of thought around Parliament Hill that Prime Minister Justin Trudeau and Finance Minister Bill Morneau have stumbled unwittingly into the battle now raging over their proposal to seriously tighten up the rules on small-business taxation. The assumption ...

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Opponents of sweetened beverage tax find Democratic support

Consumers have begun to vote against Cook County’s sweetened beverage tax by shopping for drinks elsewhere – and Speaker of the Illinois State House of Representatives Michael Madigan may be in support of a repeal. “Now it seems as though when Speaker Madigan sees that his own representatives might be in jeopardy, he decides to get on board and support ...

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Provinces challenge Trudeau government over contentious tax proposals

OTTAWA — Provincial pressure is intensifying against the Trudeau government’s controversial tax-reform proposals, which have angered business owners, doctors and farmers across Canada. On Friday, provincial leaders representing different political stripes — Liberals, New Democrats and Conservatives — spoke out about tax reforms recommended by Ottawa’s Liberal government. Manitoba Premier Brian Pallister scheduled an afternoon event in Winnipeg, where he ...

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Ross Says Steel Tariff Decision to Wait Until After Tax Bill

By and September 22, 2017, 8:04 AM EDT September 22, 2017, 10:51 AM EDT Commerce Secretary Wilbur Ross said the Trump administration has decided to defer a decision on steel tariffs as it focuses on getting tax reforms through Congress. “The policy decision has been made to postpone that until the tax bill,” Ross said Friday in an interview on ...

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Cook County soda pop tax target of Mike Madigan actions – Blogs On Politics

In an usual split between two powerful Chicago politicians who are normally allied, signs are rapidly growing that Illinois House Speaker Michael Madigan is trying to kill off Cook County Board President Toni Preckwinkle’s penny-an-ounce tax on soda pop and other sweetened beverages. Knowledgeable sources in both Chicago and Springfield say Madigan fears that the highly controversial tax, combined with ...

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Cafe Coffee Day: Income Tax officials continue search on Coffee Day offices on second day today

BENGALURU: The Income Tax department, which began search operations at Coffee Day Group companies and the other premises owned by founder VG Siddhartha on Thursday morning, will continue with its operations today, officials said. “We don’t finish our searches normally on a single day,” an IT official said, adding that it would continue on Friday. The IT officials, who began ...

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Farmers decry proposed tax changes

Some Manitoba farmers are concerned over how proposed tax changes could affect the industry moving forward. Federal Finance Minister Bill Morneau announced the tax plan in July, saying it would address loopholes the government believes wealthy business owners use to avoid being taxed at a higher rate.  The proposed changes limit income sprinkling or income splitting, holding passive investments inside ...

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White House plan for tax cuts moves forward

The White House plan for a massive package of tax cuts is gaining new momentum as Republicans attempt to set aside months of intraparty squabbling and unify behind a key part of President Trump’s agenda. Two developments are accelerating the effort: Key Senate Republicans reached a tentative deal this week to allow for as much as $1.5 trillion in tax ...

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Big Money Leaving Canada Over Tax Changes, John Manley Says

OTTAWA — A big Canadian player has quietly picked up his chips and is heading for the exit amid all the tumult over the Trudeau government’s controversial tax proposals. A business owner has informed John Manley, the head of an organization representing Canada’s largest corporations, that he’s moved billions of dollars outside the country since the Liberals announced their tax ...

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Largo’s property tax rate to rise

LARGO — City commissioners on Tuesday approved a higher property tax rate for next year. The rate of about $5.74 for every $1,000 of assessed, taxable value will cost a resident with a home valued at $100,000, after exemptions, $574, about $37 more than this year’s rate of $5.37. The overall tax bill will likely be even higher because of ...

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