New Jersey and New York Worst for Tax

Categories: Taxation in USA

The states of New York and New Jersey are the worst in the US for doing business, due to their taxation policies. According to a study published by the Washington D.C. based Tax Foundation, New York and New Jersey are the worst in the country for doing business, as ranked by the State Business Tax [...]

The states of New York and New Jersey are the worst in the US for doing business, due to their taxation policies. According to a study published by the Washington D.C. based Tax Foundation, New York and New Jersey are the worst in the country for doing business, as ranked by the State Business Tax Climate Index. New Jersey was ranked last amongst the 50 states, with New York following at 49th. The study aims to create an index to compare state tax ... Read More

South Korean Economy Witnessing Recovery

Categories: Taxation in South Korea

The Korean Government has announced an expected 3.9% increase in their tax collections for 2010. According to statements made by the Korean Ministry of Strategy and Finance, on the 23rd of September, the country will see an extra KRW3.1 trillion tax receipts in 2010. The total tax take is projected to reach KRW171.1, approximately equivalent [...]

The Korean Government has announced an expected 3.9% increase in their tax collections for 2010. According to statements made by the Korean Ministry of Strategy and Finance, on the 23rd of September, the country will see an extra KRW3.1 trillion tax receipts in 2010. The total tax take is projected to reach KRW171.1, approximately equivalent to US$143.1 billion. The details of the increased tax receipt are expanded in the Korean government's draft budget plan, which will be submitted to the National Assembly on ... Read More

Insurers Threaten to Leave the UK

Categories: Taxation in EU, Taxation in UK

The Association of British Insurers has warned that unless taxation is made more competitive in the UK, insurance providers and their executives will shift their business offshore. The Association of British Insurers (ABI) called on the British government to address aspects of the taxation system in order to quell concerns of the insurance industry. In [...]

The Association of British Insurers has warned that unless taxation is made more competitive in the UK, insurance providers and their executives will shift their business offshore. The Association of British Insurers (ABI) called on the British government to address aspects of the taxation system in order to quell concerns of the insurance industry. In a paper titled “UK Competitiveness: the way forward for insurance”, published on the 15th of September, the AIB released results of a survey conducted on insurance providers and ... Read More

Speech Gives Australian Tax Hints

Categories: Taxation in Australia

Indications to possible outcomes of the current Australian tax review were given on the 20th of August by Ken Henry, Australian Treasury Secretary. In his speech to the Australian Industry Group, Ken Henry gave indications as to the direction of some changes to the Australian taxation system that will take as a result of its [...]

Indications to possible outcomes of the current Australian tax review were given on the 20th of August by Ken Henry, Australian Treasury Secretary. In his speech to the Australian Industry Group, Ken Henry gave indications as to the direction of some changes to the Australian taxation system that will take as a result of its current review procedure. Significant attention was given to the concept of changing Australia’s future taxation system to maximize its efficiency and improve incentives for investment. The ... Read More