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Income Taxes › Corporate Taxes › Tax Revenues

Income taxes are taxes that are collected on the individual earnings of persons or entities. Depending on the jurisdiction, income taxes are calculated and collected in a variety of ways. Some tax systems collect... more +
Income taxes are taxes that are collected on the individual earnings of persons or entities. Depending on the jurisdiction, income taxes are calculated and collected in a variety of ways. Some tax systems collect income taxes based on a progressive scheme, while others may utilize a proportional or regressive framework. less -
Holland & Knight LLP

Proyecto de reforma tributaria de Colombia 2024: Lo destacable y lo cuestionable

Holland & Knight LLP on

El Gobierno Nacional de Colombia radicó, estratégicamente, el proyecto de Ley de Financiamiento 2024, el 10 de septiembre de 2024, buscando con ello justificar el Presupuesto General de la Nación 2025 por $523 billones,...more

Brownstein Hyatt Farber Schreck

Fiscal Year 2025 Greenbook Provisions Chart

Brownstein Hyatt Farber Schreck on

On Monday, March 11, President Joe Biden released his budget request to Congress (“Budget”) and various accompanying documents. Separately, the Treasury Department released its General Explanations of the Administration’s...more

Fox Rothschild LLP

Millionaires, Corporate Jets and Crypto: IRS Unveils New Enforcement Initiatives

Fox Rothschild LLP on

Thanks to a dramatic increase in funding courtesy of the Inflation Reduction Act of 2022, the Internal Revenue Service recently announced several new, high-profile enforcement initiatives designed to generate significantly...more

Eversheds Sutherland (US) LLP

New York Governor announces fiscal year 2023 budget

Eversheds Sutherland (US) LLP on

On January 18, 2022, New York Governor Kathy Hochul released her fiscal year 2023 budget and accompanying legislation (the Budget Bill). The Briefing Book accompanying the Budget Bill highlights New York’s “remarkable...more

Rivkin Radler LLP

Tax Hikes, Effective Dates, And Selling a Business

Rivkin Radler LLP on

Living the Dream- “How was your weekend?” Thank you for asking. Awful. “Why?” you ask. (Humor me. Pretend you’re interested.) I’ll tell you. One word, with 535 syllables: Congress. When the reconciliation budget...more

Foodman CPAs & Advisors

2021 “Green Book” Introduces Comprehensive Financial Account Reporting

Foodman CPAs & Advisors on

The “Green Book” is a US Treasury Department document that presents detailed explanations of an Administration’s revenue proposals in support of a President’s annual budget request.  On May 28, 2021, the Biden administration...more

Blake, Cassels & Graydon LLP

Budget fédéral 2021 – Présentation de certaines mesures fiscales

Blake, Cassels & Graydon LLP on

Plus de deux ans après le dernier budget fédéral, la ministre des Finances du Canada a présenté le budget fédéral de 2021 (le « Budget 2021 »), le 19 avril 2021 (le « jour de dépôt du budget »). Certains commentateurs ont...more

Blake, Cassels & Graydon LLP

2021 Federal Budget – Selected Tax Measures

Blake, Cassels & Graydon LLP on

More than two years after the last federal budget, Canada’s Finance Minister presented the 2021 budget (Budget 2021) on April 19, 2021 (Budget Day). Some commentators speculated that Budget 2021 might include increases in the...more

Foster Garvey PC

Oregon’s New Corporate Activity Tax

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We are taking a break from our multi-post coverage of Opportunity Zones to address a recent, significant piece of Oregon tax legislation. On May 16, 2019, Governor Kate Brown signed into law legislation imposing a new...more

Bennett Jones LLP

Pre-Budget Analysis of Government Finances

Bennett Jones LLP on

Governments are currently busy, or will be soon, preparing annual budgets that will be tabled in the months to come. The fiscal health and prospects of the provinces and federal government vary significantly. Whatever...more

Hogan Lovells

Budget 2017

Hogan Lovells on

The 2017 Budget was presented by Minister Pravin Gordhan before Parliament on 22 February 2017. The 2017 tax proposals are projected to raise ZAR28 billion, and increase the tax burden from 26% of GDP in 2016/17 to 26.7%...more

Winthrop & Weinstine, P.A.

State Releases November Revenue Collections

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Minnesota Management and Budget (MMB) released the November Revenue Review this morning. Minnesota collected $1.426 billion in revenue in November which is $9 million less than what MMB predicted in the December 3rd Economic...more

Bradley Arant Boult Cummings LLP

Alabama Tax Developments – 2014 Year in Review

Bradley Arant Boult Cummings LLP on

This SALT Alert summarizes the major legislative, judicial, and administrative developments affecting Alabama business taxpayers with respect to income, transactional, and property taxes, as well as several updates on...more

Blank Rome LLP

Philadelphia School Income Tax Imposed on Undistributed S Corporation Income

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The City of Philadelphia Revenue Department (“City”) is assessing the School Income Tax (“SIT”) on the entire share of a resident S Corporation shareholder’s income, whether or not distributed. The assessments reach back to...more

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