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4 hours ago

Eversendai pre-tax income retreats

Source: The Star Malaysia | May 21 2013, 5:53pm CDT

KUALA LUMPUR:Eversendai Corp Bhd’s pre-tax profit fell to RM24.45mil for the first quarter ended March 31, 2013 from RM31.25mil in the same period last year. Revenue was also lower at RM243.18mil from RM248.96mil. The group said pre-tax profit decl ...

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"Apple welcomes an objective examination of the US corporate tax system, which has not kept pace with the advent of of the digital age and the rapidly changing global economy"

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5 hours ago

State Rep. Woodrow Stanley: Flint mayor and council need to on board for income tax hike

Source: MLive.com | May 21 2013, 5:04pm CDT

Stanley, D-Flint, said Tuesday, May 21, that he hasn't been briefed about the proposal from emergency manager Ed Kurtz, who wants a 0.5 percent income tax increase for Flint residents and a 0.25 percent increase for workers living outside the ...

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6 hours ago

UMD-Smith Expert Comments on Apple Income Tax Dodge

Source: iStockAnalyst | May 21 2013, 4:51pm CDT

COLLEGE PARK, Md. – May 21, 2013 – The U.S. Senate revelation that Apple has avoided paying income tax signals it's time to overhaul the U.S. corporate tax code, says Mike Faulkender, associate professor of finance in the U ...

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8 hours ago

Cook Insists: No Income Shifting, Tax Avoidance

Source: American Spectator | May 21 2013, 2:40pm CDT

Cook was diplomatic but firm, steering the conversation toward tax reform. Ranking member John McCain (R-Ariz.) asked if he felt bullied or harassed by the committee or its members, taking a dig at Senator Rand Paul’s (R-Ky.) scathing rhetoric. The te ...

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China's personal income tax revenue slows sharply

Feb 11 2013, 5:08am CST | by Luigi Lugmayr

Beijing, Feb 11 (IANS) The Chinese government saw its fiscal revenue from personal income tax drop 3.9 percent year on year in 2012, sharply down from the 25.2-percent growth seen during the previous year, according to latest data from the ministry of finance.

Beijing, Feb 11 — The Chinese government saw its fiscal revenue from personal income tax drop 3.9 percent year on year in 2012, sharply down from the 25.2-percent growth seen during the previous year, according to latest data from the ministry of finance.

It showed that money collected from personal income tax last year totaled 582.02 billion yuan ($92.69 billion), accounting for 5.8 percent of total fiscal revenue, reported Xinhua.

The government's tax reduction measures, including hikes in exemption thresholds for personal income tax and adjustments in taxation rates, have affected the revenue, said an official from the ministry.

Price corrections in used homes also decreased the revenue from property transfer income tax last year, according to the ministry.

The data showed the tax revenue from wage-earners dropped 8 percent year on year, while that from individual business owners declined 12.5 percent. In contrast, combined revenue from income tax on interests, dividends and bonuses grew 14.7 percent.

The government raised the exemption threshold for the personal income tax to 3,500 yuan from 2,000 yuan starting September 2011, scrapping the tax for around 60 million people.

IANS

Source: IANS

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Luigi Lugmayr
Luigi is the founding Chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.

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360° Coverage : China's personal income tax revenue slows sharply

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China's personal income tax revenue slows sharply

Beijing, Feb 11 (IANS) The Chinese government saw its fiscal revenue from personal income tax drop 3.9 percent year on year in 2012, sharply down from the 25.2-percent growth seen during the previous year, according to latest data from the ministry of finance.

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China's personal income tax revenue slows sharply

Beijing, Feb 11 (IANS) The Chinese government saw its fiscal revenue from personal income tax drop 3.9 percent year on year in 2012, sharply down from the 25.2-percent growth seen during the previous year, according to latest data from the ministry of finance.

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360° Coverage : China's personal income tax revenue slows sharply

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China's personal income tax revenue slows sharply

Beijing, Feb 11 (IANS) The Chinese government saw its fiscal revenue from personal income tax drop 3.9 percent year on year in 2012, sharply down from the 25.2-percent growth seen during the previous year, according to latest data from the ministry of finance.

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China's personal income tax revenue slows sharply

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