Thursday, May 10, 2012

TAXATION.: Google Alert - indirect taxation

News36 new results for indirect taxation
?Let's bite the bullet on fuel & reforms: Pranab Mukherjee
Economic Times
He also tinkered with the indirect tax rates to cheer some sectors, including commercial vehicles, solar energy, polyester fibre, yarn from waste and certain parts of footwear, even as he expressed hope that the Goods and Services Tax could be rolled ...
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Retro amendment to stay; Vodafone must pay: FM
Indian Express
Finance minister Pranab Mukherjee on Tuesday justified the government's decision to go ahead with a retrospective amendment to the Income Tax Act to tax capital gains on sale of assets in India through indirect transfers abroad.
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Swank, Inc. Reports Financial Results for the Three Months Ended March 31, 2012
MarketWatch (press release)
... an indirect wholly-owned subsidiary of Randa. We received state tax refunds totaling $12000 during last year's first quarter which reduced the effective tax rate by 34.1 percentage points. Commenting on the results for the quarter, Mr. Tulin said, ...
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Kazakh President receives Finance Minister
Caspionet
In particular, it is about the preparations for the transfer of administrative functions of indirect taxes on import of goods from the Customs Control Committee of the Tax Committee. At present, the collection of indirect taxes including VAT and excise ...
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Pranab's 'I may not be here' remark draws smiles in Lok Sabha
Hindustan Times
He clarified that he was referring to changes in the direct and indirect tax laws which would increase the tax GDP ratio substantially in seven to eight years. "Thank you, thank you," Mukherjee said looking at BJP benches soon after the House was ...
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Gold investors, homebuyers to benefit
Livemint
... have limited the use of unaccounted money in real estate deals Finally biting the bullet finance minister Pranab Mukherjee on 7 May announced in Parliament a rollback on some of the proposals on direct and indirect taxes, announced on budget day.
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India can't be a tax haven: FM
Financial Express
This increased the chances of Indian tax authorities asking UK-based Vodafone to pay over Rs 20000 crore for the capital gains arising from the acquisition of Hutchison Whampoa's telecom assets in India through indirect transfer executed in Cayman ...
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IT sharpens tax sword for Vodafone as Finance Minister talks tough
Times of India
Lok Sabha passed the Finance Bill that makes retrospective amendment in tax laws relating to capital gains on sale of assets located in India through indirect transfers overseas, giving the IT department power to revive its 11218-crore tax demand on ...
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KPMG recruit specialists for advice on tax
nebusiness.co.uk
Paul Price, senior manager, leads KPMG's indirect tax team in Newcastle, having joined from Deloitte. He brings over 10 years of experience in VAT and other indirect taxes. While providing a breadth of VAT advice for clients, Price has particular ...
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Build it,and they will come...
Business Recorder (blog)
A confluence of issues is creating oxygen-snaring challenges: governments steady forays into the Pakistan savings pool; increased incidence of indirect taxation on the mutual fund industry; debilitating price competition between investment collectives; ...
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Louisiana Business: DMC Carter Chambers, JEDCO, Sales Tax Day
Bayoubuzz
Along with creating 80 new direct jobs, LED estimates the project will result in an additional 115 new indirect jobs in the region. Governor Jindal said, "Over a year ago, our economic development team started working with DMC to discuss their future ...
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Direct Tax collection at Rs 4.93 lakh crore in 2011-12
Economic Times
These include monitoring of advance tax collection, recovery of tax arrears, increased tax deduction at source, among others. In a separate reply, Palanimanickam said the direct and indirect tax collection target for 2012-13 fiscal stands at Rs 5.70 ...
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Intrepid Mines Limited Chairman's Address: 2012 Annual General Meeting
MarketWatch (press release)
During the latter half of 2011 there was indirect, but unconfirmed speculation that the local government entity might request an equity interest in the project. More recently, the new Indonesian divestment regulation, known as Regulation Number 24, ...
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Jackson(R) Reports First Quarter 2012 Sales and Deposits of $5.9 Billion
MarketWatch (press release)
Jackson, an indirect wholly owned subsidiary of the United Kingdom's Prudential plc (NYSE:PUK) , sold nearly $4.4 billion in variable annuities (VAs) during the first quarter of 2012, 4 percent lower than the first quarter of 2011.
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CITY MOVES WHO'S SWITCHING JOBS
CITY A.M.
The business advisory firm has hired Dario Garcia to its European tax services group as a senior managing director. Garcia was previously at Barclays, where he was managing director with responsibility for indirect tax and transfer pricing.
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DMC consolidating operations at new HQ
The Advocate
Along with creating 80 new direct jobs, the Louisiana economic development department estimates the project will result in an additional 115 new indirect jobs in the region. Gov. Bobby Jindal said in a statement that the company considered relocating ...
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Firms may shift to DTAA countries
Business Standard
The finance minister had said the provision in the Finance Bill which sought to retrospectively clarify the provisions of the Income Tax Act relating to capital gains on the sale of assets located in India through indirect transfers abroad, ...
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Chairman Mack Authors Bipartisan Congressional Letter Demanding Conferees ...
U.S. Politics Today
The project will also funnel millions of dollars of indirect activity into the economy and to States along the pipeline route through property taxes. In addition to the bipartisan support in the House and Senate, a solid majority of Americans support ...
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Guest post: India's GAAR ? generally aggravating and ambiguous rules
Financial Times (blog)
Coupled with an extremely controversial retroactive amendment seeking to tax indirect transfers of Indian assets through offshore share transactions, the GAAR proposal has served to further vitiate India's overall investment outlook.
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Westcoast Energy and Union Gas Declare Dividends
Stockhouse
An eligible dividend received by a Canadian resident individual shareholder is entitled to the enhanced dividend tax credit. Westcoast Energy Inc. and Union Gas Limited are indirect subsidiaries of Spectra Energy Corp. Spectra Energy Corp (NYSE: SE), ...
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Hobbs, NM, picked as site of scientific ghost town
BusinessWeek
She noted that no tax breaks were given for the development. "The only thing they have asked for is guidance," she said. Brumley said plans are to break ground on the town by June 30. The initial development cost is estimated at $400 million, ...
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AboveNet Reports First Quarter 2012 Adjusted EBITDA of $58.5 Million on ...
MarketWatch (press release)
The provision for income taxes for each of the three months ended March 31, 2012 and 2011 was calculated at the effective tax rate based upon the pre-tax book income (adjusted for permanent differences in both the US and the UK), plus a provision for ...
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Obama: 'I want what's happening in Albany to happen all across the country ...
The Saratogian
The company's presence has also attracted several support businesses to the Capital Region and is expected to generate some 8000 indirect jobs outside the facility. State Sen. Roy McDonald, R-Saratoga, said the tax incentives GlobalFoundries took to ...
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Has Inergy Become the Perfect Stock?
msnbc.com
The propane segment was responsible for three-quarters of Inergy's revenue and made almost as big a contribution to its pre-tax gross profits. Yet although competitor Ferrellgas Partners also posted losses over the past 12 months, AmeriGas Partners has ...
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DealerTrack Holdings, Inc. Reports First Quarter 2012 Financial Results
MarketWatch (press release)
GAAP net income for the first quarter of 2012 was positively impacted by $16.1 million (net of tax), or $0.37 per share, from a non-cash gain related to the contribution of Chrome to the Chrome Data Solutions, LP joint venture.
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Conversation With A Keynesian, Part 1
Nolan Chart LLC
One must never forget that all government actions are funded through taxation, both direct and indirect. This redistribution affects the production of wealth, goods, and services, and therefore affects their values, including the value of money itself.
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Lost decades and lessons for retirement: From the EU to the US
Pensions & Investments
The fact that these are the very bonds best suited to match pension liabilities means that an indirect consequence of quantitative easing is the liabilities of pension funds go up. But the news is not all bad. The aggregate deficit in pension plans ...
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Wonkbook: Senate GOP blocks student loan plan
Washington Post (blog)
Ds want to finance w tax hike on rich, Rs w cut in Obamacare. Prez campaign in miniature. @sethdmichaels: also, 45>52. as usual. 2) Sen. Richard Lugar of Indiana loses GOP primary to Mourdock ."Republican Sen. Richard G. Lugar of Indiana, ...
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DMC Carter Chambers Invests $10 Million In Baton Rouge Expansion, Creating 80 Jobs
Area Development Online
Along with creating 80 new direct jobs, Louisiana Economic Development estimates the project will result in an additional 115 new indirect jobs in the region. Construction of the company's new facility will begin this year, and the expansion will be ...
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