Tag

Corporatetax

All articles tagged with #corporatetax

legislation2 years ago•1 min saved

"2024 Brings a Wave of New Laws to New Jersey and Pennsylvania"

New Jersey is implementing several laws in 2024, including a cap on out-of-pocket costs for essential medications like insulin and Epi-Pens, discounts on prescription drugs for seniors, and new licensing standards for police officers. Additionally, a surcharge on the state's corporate business tax will expire, which is expected to reduce state revenue by over $300 million in the current year and potentially up to $1 billion in fiscal year 2025.

via NJ.com|

##corporatetax #healthcarecosts

economy-and-business2 years ago•1 min saved

"South Korea Prepares to Enforce Global Minimum Corporate Tax"

South Korea is poised to adopt a global minimum corporate tax rate of 15% for multinational companies, following the passage of new rules by the National Assembly. This move aligns with the OECD's Base Erosion and Profit Shifting 2.0 Pillar Two agreement, which aims to curb tax avoidance and harmonize tax practices worldwide. The change is expected to impact around 200 multinational firms in South Korea and is part of a broader international effort to address tax challenges in the digital and global economy.

via Yonhap News Agency|

##corporatetax #economy-and-business