Electronic tax

In case you missed it: Last week in Allyn Tax News

New York sales and use tax on IT management and monitoring services A taxpayer’s management and monitoring services provided to protect against information technology cyberattacks were determined to be subject to sales tax by the Tax Appeals Tribunal and an administrative law judge. The services were determined to be taxable due to their protective nature. […]

Electronic income

Indiana Governor Approves Deep Income and Business Tax Cuts | National Policy

INDIANAPOLIS (AP) — Indiana Gov. Eric Holcomb threw his full support behind major state tax cuts on Thursday, saying tax collections were strong enough to overcome his earlier reluctance. Key elements of the Republican governor’s proposal would reduce Indiana’s current personal income tax rate from 3.23% to 2.9% over an indefinite period. That’s a bigger […]

Electronic income

Reduce income tax, increase exemption for seniors

LANSING, Mich. (AP) — House Republicans began passing legislation on Thursday that would lower Michigan income taxes, provide tax relief to more retirees and help local governments reduce retirement debt. A bill would reduce the tax rate from 4.25% to 3.9%. It would lower the age at which filers can deduct up to $20,000 individually […]

Electronic tax

South Dakota lowers sales tax despite Governor Kristi Noem’s stance

Record revenues and rising inflation are pushing some Republican lawmakers on the state Capitol to cut South Dakota’s sales tax rate. But an economy overstimulated by the federal government and economic uncertainty in the coming years are dividing the GOP-controlled state government on whether the time is right to cut taxes that all South Dakotans […]

Electronic income

30% Tax on Crypto Income: Should Retail Investors Move Their Money to Mutual Funds and Stocks? Experts speak

Cryptocurrency tax: The government’s recent proposal to impose a flat 30% tax on income derived from crypto and other virtual digital technologies has dampened the mood of investors. Cryptocurrency tax: The government’s recent proposal to impose a 30% flat tax on income from crypto and other virtual digital assets has dampened investor sentiment. Such a […]

Electronic tax

International Festival 2022, the fiscal renewal of downtown Lafayette coincides

Voters in the downtown Lafayette development district will head to the polls on Saturday, April 30, during the Festival International de Louisiane, to decide whether to renew the special property tax levied there. The district, home to 631 registered voters, stretches roughly across downtown Lafayette between University Avenue, Johnston Street, and Congress Street, though its […]

Electronic tax

City opens property tax relief applications for elderly and disabled residents | local government

As the Charlottesville City Council plans to raise property taxes for the next fiscal year, city officials are offering the city’s seniors possible relief from a larger bill. Charlottesville residents who own and reside in their home and who are 65 years of age or older or who are permanently disabled may qualify for a […]

Electronic income

The Income Tax Department will hold budget talks for taxpayers today February 11

Many taxpayers have reportedly received an email from the income tax department about a series of discussions about how the provisions announced in the 2022 budget will affect taxpayers. The sessions are online and will be held today, February 11, by Pragya Sahay Saksena, Member-Legislation and Systems, Central Bureau of Direct Taxation. You can follow […]

Electronic tax

Eureka asks for use tax, Wildwood decides not to | Local News

Eureka voters will be asked to approve an online sales tax equal to the city’s sales tax rate as part of the April 5 election, while Wildwood officials have opted not to ask their residents to consider such a tax. City residents already pay 2.5% on every sale made in city stores. Internet sales tax, […]

Electronic tax

Russians Mining Crypto To Pay At Least 15% Tax, Companies – No Less Than 6%, Legislator Says – Mining Bitcoin News

Individuals mining cryptocurrency can expect a higher tax burden than companies involved in the industry, a senior member of Russia’s parliament has said. While the mining of digital currencies is not yet regulated in Russia, the authorities are leaning towards recognizing it as an economic activity, which will allow the government to tax mining profits. […]

Electronic tax

Budget proposes 30% tax on income from digital assets

India’s proposed tax rate on income from virtual assets is high, but it indicates the government recognizes the country’s cryptocurrency industry, the head of a major crypto exchange tells CNBC . In the February 1 annual budget, Finance Minister Nirmala Sitharaman noted in his speech “the phenomenal increase in virtual digital asset transactions”. She proposed […]

Electronic tax

Kenya: KRA-OECD in talks on a win-win digital tax regime

Nairobi – The Kenya Revenue Authority (KRA) and the Organization for Economic Co-operation and Development (OECD), Center for Tax Policy and Administration, have started discussions on their collaboration on the twin-pillar approach of the framework inclusive and other areas of mutual interest. As part of implementing the two-pillar approach, countries and jurisdictions commit to suspending […]

Electronic income

Income tax slab, rate changes expected in Budget 2022

Income tax slab, rate changes expected in the 2022 budget: many reliefs on the income tax front are expected by taxpayers from the 2022 Union budget. Income tax slab, rate changes expected in Budget 2022: A lot of relief on the income tax front is expected by taxpayers from the 2022 Union budget. In a […]

Electronic income

House Bill 436—Corporate Income Tax

Description of the invoice: House Bill 436 reduces Idaho’s personal and corporate income tax rates and also provides for a one-time tax refund check. Rating: +1 Does it directly or indirectly create or increase taxes, fees or other assessments? Conversely, does it eliminate or reduce taxes, fees or other assessments? House Bill 436 amends Idaho […]

Electronic tax

New York sports betting companies spend aggressively despite 51% tax rate – Sportico.com

Online sports betting made its long-awaited debut in New York on January 8, as four operators launched a series of eye-catching promotions in an attempt to woo customers (see: $3,000 Empire State Royal from Caesars Sportsbook offer). It might seem illogical to spend a lot on marketing in a state with a sports betting tax […]

Electronic tax

Legislator’s Bill Would Eliminate Sales Tax on Arizona Gun Purchases | Local News

A bill from the Phoenix legislature would eliminate the sales tax on gun sales. Francesca Price Tea / Cronkite News Howard Fischer Capitol Media Services PHOENIX — Calling them necessities, a first-term lawmaker wants the same sales tax rate on guns as on the food you buy at the grocery store and the prescriptions you […]

Electronic income

Tax on working from home

CLEVELAND (WJW) — Ohioans who worked from home in 2021 can claim a refund of local income taxes withheld by their employer in another municipality. “These would be people who were working from home or in another location that is not their traditional office,” said Amy Arrighi, chief legal adviser at the Regional Income Tax […]

Electronic tax

Apple Updates Taxes and Prices for App Store in Ukraine, Zimbabwe, and Others

AppleInsider is supported by its audience and can earn commission as an Amazon Associate and Affiliate Partner on qualifying purchases. These affiliate partnerships do not influence our editorial content. Apple on Wednesday released an updated price list and to make adjustments for apps and in-app purchases sold through the App Store in some regions. Some […]

Electronic store

Apple will change the prices of the App Store in Ukraine, Austria, etc.

Apple announced price changes on the App Store in a few regions on Wednesday. As apps will become more expensive in Ukraine and other countries, there are also countries, like Oman, where developer incomes will change due to adjusted taxes. Apple typically readjusts the App Store prices to keep up with fluctuations in the international […]

Electronic tax

Mississippi House Takes First Step to Approve Tax Cut Plan

JACKSON, Mississippi (AP) – Mississippi would phase out its income tax, reduce sales tax on groceries, and set a higher sales tax rate on many other items, under a draft law that advanced Wednesday in the State House. Bill 531 passed 96-12, with bipartisan support. It is similar to a bill that was passed in […]

Electronic tax

Township of West Sadsbury. budget includes a property tax hike of 1.1 thousandths | Community news

Supervisors in the Township of West Sadsbury have approved a budget of $ 1.3 million for 2022 that includes a property tax increase of 1.1 thousandth. The new mileage rate of 2.6 mills combines with the existing fire tax mileage rate of 1.4 mills for a total tax of 4 mills. This means township residents […]

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GANNETT CO., INC. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL POSITION AND OPERATING RESULTS (Form 10-Q)

The following discussion and analysis of our financial condition and results of operations and quantitative and qualitative disclosures should be read in conjunction with our unaudited condensed consolidated financial statements and related notes and with our audited consolidated financial statements and related notes included in our Annual Report on Form 10-K for the year ended […]