The Iowa Department of Revenue (DOR) May 5 proposed regulations related to relief from joint and several liability for individual income tax purposes.
Covid-19 and R&D Tax Credits: Tap Into India Incentives
U.S. companies expanded manufacturing in India prior to the pandemic, and India is providing tax incentives to increase research and development activities in India as well. Anshu Khanna of Nangia Andersen explains the programs and incentives available in India.
The Covid-19 pandemic exposed the global economy to an unprecedented recession. placing governments and businesses in vulnerable situations because of future uncertainty. For many businesses in the U.S., finding alternative ways of increasing cash flow became necessary for survival. Taking advantage of the government's injection of cash into the economy through various CARES Act provisions was one way, obtaining tax credits is another.
Popular Fast Food Restaurant Overcharging Sales Tax – NBC Los Angeles
A popular Mexican fast food restaurant has been charging its customers too much sales tax. A savvy consumer caught it, and our I-Team helped fix it.
This story starts with a $20 taco order from El Pollo Loco in Cypress. David Ho noticed he paid too much sales tax.
The sales tax rate in Cypress is 7.75%, but David paid 9.25%. The difference for his order: 30 cents. Not a huge sum, but as Ho points out - it adds up.
Nature's Sunshine Reports Record First Quarter 2021
LEHI, Utah, May 06, 2021 (GLOBE NEWSWIRE) -- Nature's Sunshine Products, Inc. (Nasdaq: NATR) (Nature's Sunshine), a leading natural health and wellness company of high-quality herbal and nutritional products, reported financial results for the first quarter ended March 31, 2021.
"We are pleased to announce that the first quarter of 2021 delivered the largest sales in the 49-year history of the company," said Terrence Moorehead, CEO of Nature's Sunshine. "In fact, this marked the third consecutive quarter of net sales over $100 million, which demonstrates the strength of our global strategy and our ability to effectively drive transformation.
The Double Taxation Treaty Between Cyprus And The USA - Tax - Worldwide
The agreement contains a non-discrimination clause which covers taxes imposed on every level including state, local and national. It applies to natural persons and corporations, including, trusts and estates.
Generally, these treaties aim to avoid double taxation on the same income. They can be very significant for encouraging investment from one country to another.
Double taxation refers to levying of tax on the same income, asset or financial transaction more than once by different jurisdictions. This can apply to natural or legal entities. Different countries have different tax regulations. If an individual pays tax in a country it does not mean they can't be taxed for that same income in another country.
EVO Reports First Quarter 2021 Results | Business Wire
"I'm pleased with the financial performance we demonstrated in the first quarter," said James G. Kelly, Chief Executive Officer of EVO. "While our results still reflect the impact of the COVID-19 pandemic, in recent months, we have seen significant improvements in economic activity and card utilization, which has had a positive impact on our payment volumes.
We continue to expect 2021 full-year GAAP revenue to range from $483 million to $491 million, representing growth of 10% to 12% over 2020 results. On a GAAP basis, net income is expected to range from $16 million to $24 million compared to a net loss of $4 million in 2020. Adjusted EBITDA is expected to range from $170 million to $176 million, reflecting growth of 16% to 20% over 2020 adjusted EBITDA.
Cambium Networks Reports First Quarter 2021 Financial
ROLLING MEADOWS, Ill., May 06, 2021 (GLOBE NEWSWIRE) -- Cambium Networks Corporation ("Cambium Networks") (NASDAQ: CMBM), a leading provider of wireless networking infrastructure solutions, today announced financial results for the first quarter 2021 ended March 31, 2021.
1 Refer to Supplemental Financial Information accompanying this press release for a reconciliation of GAAP to non-GAAP numbers and for reconciliation of adjusted EBITDA for the first quarter ended March 31, 2021.
Are Multinationals Paying Their Fair Share Of Tax? - Tax - Hong Kong
There is a growing and widely held belief that multinational companies, particularly US tech companies, are not paying their fair share of tax.
Amazon, for example, pays little or no tax in the UK despite selling lots of goods to UK persons. How can this be right? The answer is because Amazon has no taxable base in the UK and the tax treaties signed by the UK mean Amazon doesn't have to pay tax in the UK.
Amazon relies upon the internationally-agreed principle that when goods are sold over the Internet, the point of sale is the place where the server is located. In the case of Amazon that happens to be in Luxembourg.
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