A number of changes to business tax filing and accounting rules have been announced in a joint Budget statement from Finance Minister Michael Cullen and Revenue Minister Peter Dunne.
“Compliance costs will be reduced by raising a number of tax thresholds,” they say. “That may mean fewer tax returns for businesses to complete, a reduction in [...]
Victorian businesses will save more than $1 billion in payroll tax, land tax and workers compensation premiums under the Victorian budget handed down by Treasurer John Lenders yesterday.
Payroll taxes, which had been scheduled to fall from 5.05% to 5%, have been slashed to 4.95%. The thresholds on land taxes have been increased by 10%, with [...]
Canada, the United States and Australia provide the lowest-cost locations for business among established industrialized countries, according to a survey by KPMG, which also shows the strong loonie has eroded Canada’s long-time advantage against the U.S. %26quot;Business costs in these three countries are virtually equivalent, with less than 1 per cent separating these countries,%26quot; [...]
Ontario, Canada’s most populous province, forecast its fourth straight balanced budget for the next fiscal year, allowing it to boost spending on jobs training and pare business taxes as the economy slows.
Ontario’s C$558 billion ($549 billion) economy will grow 1.1 percent in 2008, about half the rate of last year and less than the government’s [...]
OTTAWA%26ndash;A new poll suggests Ontario Premier Dalton McGuinty has a lot of public support in his continuing feud with federal Finance Minister Jim Flaherty. The Canadian Press Harris-Decima survey looked at the war of words between the two politicians, in which McGuinty [...]
Congress, facing the prospect of an election-year recession, passed an emergency plan Thursday that rushes rebates of $600 to $1,200 to most taxpayers and $300 checks to disabled veterans, the elderly and other low-income people.
President Bush said he would sign the measure during his speech Friday to the Conservative Political Action Conference.
House passage by [...]
The fate of $600-$1,200 rebate checks for more than 100 million Americans is in limbo after Senate Democrats failed Wednesday to add $44 billion in help for the elderly, disabled veterans, the unemployed and big business to the House-passed economic aid package.
Republicans banded together to block the $205 billion plan from advancing Wednesday, leaving Democrats [...]
WASHINGTON Congress, facing the prospect of an election-year recession, passed an emergency plan Thursday that rushes rebates of $600 to $1,200 to most taxpayers and $300 checks to disabled veterans, the elderly and other low-income people.
President Bush indicated that he would sign the measure.
[...]
WASHINGTON —
For a bipartisan majority of senators, providing three months or six months of extra unemployment checks to more than 1 million jobless people is a better way to dig the economy out of a recession than just printing tax rebate checks.Some economists agree, and undoubtedly, so do the nearly 1.3 million unemployed workers who [...]
WASHINGTON A plan to send $500-$1,000 rebates to all but the richest taxpayers advanced Wednesday in the Senate after Republicans and Democrats teamed to add aid for disabled veterans, the elderly and the unemployed to a House-passed economic recovery bill.
The package would make individuals [...]
