Sentences with phrase «tax profits back»

Balwin's policy is to re-invest 70 % of its after tax profits back into the business to support development growth, with the remaining 30 % of profits distributed to shareholders.

Not exact matches

The jobs you create are local, the taxes you pay benefit your local community, and the profits you earn go back into the local community — not lining the pockets of corporate CEOs.

Earlier this year, he stressed the need for tax reform, particularly in allowing companies to bring back profits stored overseas at lower rates.

At least in the short term, the bank was expected to be the most affected by the new law, which lowered the corporate tax rate and introduced measures designed to encourage companies to bring overseas profits back to the US.

One area of contention is the matter of Apple paying taxes on the profits it recorded in Ireland as well as sending money back to the US to pay for research and development.

Lloyds Banking Group, which announces third quarter results on Wednesday, is seen delivering a 4.5 percent rise in underlying profit before tax on the back of lower costs, according to analysts at Investec.

The company holds $ 181.1 billion in offshore profits, more than any other U.S. company, and would owe an estimated $ 59.2 billion in taxes if it tried to bring the money back to the U.S., a recent study based on SEC filings showed.

However, Apple CEO Tim Cook recently said the accusation that it was avoiding taxes was «total political crap» and the idea of bringing profits back to the U.S. was not «reasonable» because it would «cost me 40 % to bring it home.»

You need access to tax returns and other documents to back up the owner's assertions about the company's revenue, other income sources, and profits or losses.

This means that a Canadian company with a subsidiary in Bermuda, for example, can bring back foreign profit tax - free in the form of a dividend — provided the subsidiary is carrying out active business, such as sales or manufacturing, and is not merely a P.O. box.

Canada's treaty with Barbados, which dates back to 1980, essentially allows Canadian multinationals to bring their profit back home and pay no tax.

The European Union on Tuesday ordered Ireland to collect up to $ 14.5 billion in back taxes, plus interest, from Apple Inc., after ruling that the technology giant cut an illegal deal that allowed it to pay almost no taxes from 2003 to 2014 on profits for sales throughout the 28 - nation region.

The European Union found Tuesday that Apple contributed almost no tax on profits for sales across all EU nations and has been ordered to pay up to $ 14.5 billion in back taxes to Ireland.

It's one of the reasons Republicans are floating a cut in the corporate income tax rate — in hopes of companies like Apple bringing their profits back to the US for investment here.

Now that foreign profits will be taxed at a reduced rate, Apple will pay $ 38 billion of that in taxes to bring that money back.

Repatriation tax: A one - time repatriation tax would be imposed to have companies bring back profits from overseas.

Moreover, to pay this higher tax bill the small business will have to first generate additional profit, perhaps by cutting back on external labour.

And the great thing about the SR&ED tax credit program is that the tax credit is refundable, so even if your business doesn't make any profit, you will get the refund back in cash.

Should the corporate tax rate decline to an average of around 18 to 20 percent, which is consistent with other developed countries, U.S. multinational companies would likely be more inclined to repatriate those profits and tilt the balance back in America's favor.

Companies like Microsoft, Alphabet and Cisco also shifted their profits into offshore shell companies, avoiding billions of dollars in taxes, and are now in a better position to bring the money back.

This bill also encourages businesses to bring their profit from overseas back to the United States by forgoing a foreign profit tax.

You finally arrive at the bottom, where you find a figure known as net income applicable to common shares, which is the profit the stockholders are entitled to enjoy after backing out things like costs, interest expense, taxes, minority stakes, etc..

It has also lobbied for the United States to ease tax rates on foreign profits brought back to the country, saying that such changes would allow the company to invest more freely in the U.S. economy.

«The good news is that the recent changes in the U.S. tax system have many of the key ingredients to fuel economic expansion: a business tax rate that will make the U.S. competitive around the world; provisions to free U.S. companies to bring back profits earned overseas; and, importantly, tax relief for the middle class.»

However, on the back of recent survey work by Credit Karma, which reported 59 % of 2,000 people questioned regarding crypto - related profits admitting they hadn't declared them for tax purposes, it does seem to indicate a desire to keep gains made in Bitcoin et al to themselves.

However, if the customer purchased the phone from a low - tax jurisdiction such as Ireland (or the Netherlands, Luxembourg or Belgium), it is possible that very little tax will be payable in Europe and the US will obtain nearer $ 70 when Apple eventually sends the profits back to the US.

The US tried something similar in 2004 with a «repatriation holiday» that gave companies the option of bringing foreign profits back to the US at a discounted tax rate.

The bill would take currently untaxed profits of US companies being stored abroad — profits that would normally be taxed at a 35 percent rate upon being brought back to the US — and tax them at new ultra-low rates: 8 percent for profits invested in real estate and other hard assets abroad, and 15.5 percent for profits in cash and stock and other liquid assets.

After all, if the rule is that we can't tax foreign profits unless they are brought back to America, then these profits should be kept in foreign banks, not enjoying the safety and security of American banks and dollar - denominated assets.

I had a great time with all of you yesterday — But I have to go back to my business today, continue creating evil profits so that I can continue to create jobs (keep the employees that I have) and pay taxes... so that Bob and James can eat their Gov» t Cheese...

12 pm: Training and labour hire business Ashley Services delivered a solid performance with a 2.5 per cent increase in net profit after tax to $ 3 million on the back of an 85 per cent increase in revenue to $ 196.1 million.

When the multinationals ask for (another) tax amnesty to bring their profits back ashore and Obama grants it, load all of their plates up with peas.

In view of this, and also as part of government's strategy for the long - term development of a local human capital base fit for a changing world, we will grant relief from corporate income tax paid by privately - owned and managed universities to the extent that profits are ploughed back to expand or maintain facilities.

One thing that is clear is that if countries move away from looking to the location of companies «activities to identify the location of its profits (by, for example, taxing revenues instead of profits), then this will not be relieved by existing treaties, and this will take us back to square one - double taxation.

While most businesses want to pay their fair share to support the economies where they do business, paying tax twice makes a big difference — especially if you are trying to pump your profits back into your business so that it can grow, and your domestic competitors are only paying tax once.

Third, every country, state, and region has resources — extremely valuable resources — but we don't think of them the way we do of gas and oil because we're so used to governments giving them away to corporations who sell them back at a profit and pay very little in taxes.

In order to get back to making the same amount of profit after tax, it would have to increase the price of the one penny chew by 10 per cent to 1.1 p.

«In fact, with a further cut in corporation tax, planning regulations relaxed, more profits for business and no guarantee on jobs or any pledge to reduce unemployment, this budget is the exact opposite of what is needed to get our economy back on track.

Legislators rolled back $ 178 million and postponed a so - called unitary tax — which was particularly concerning to GE, because it would have captured profits from some of its out - of - state operations — by one year.

Once the tax break ended ten years later, he put the place up for sale for $ 2.49 million which means if he gets his asking price he'll get back all the money he invested for building the business plus a million dollars profit (not counting the profit he's taken from the business for the years it has been operating).

We help international, energy, manufacturing / dist, VC & PE backed cos. w / audit, internal audit, accounting, tax, joint venture, fraud, profit enhancement.

That means they are responsible for (including contracting for) cover design, distribution, marketing, ISBNs, layout, ebook conversion, audiobook production, front matter, back matter, ARCs, reviews, tracking sales, tracking expenses versus income to ensure profit, tracking and reporting sales tax, etc. (Oh, yeah, sales tax.

When you add in the security of stocks that have dividend records going back many years or decades, and include the potential for tax - advantaged capital gains as well as dividend income, Canadian dividend stocks are an attractive way to increase profit with the least amount of time.

On Schedule E of your tax form, find the net profit or loss from all properties owned (not just the property you are financing) for each tax year, then add back the depreciation claimed on each tax return, total the profit or loss plus depreciation for two years and divide by 24.

When you add in the security of stocks that have dividend records going back many years or decades, and include the potential for tax - advantaged capital gains as well as dividend income, dividend stocks are an attractive way to increase profit with the least amount of risk.

When you add in the security of stocks that have dividend records going back many years or decades, and include the potential for tax - advantaged capital gains as well as dividend income, Canadian dividend stocks are an attractive way to increase profit with the least risk.

When US domiciled multi-nationals earn profits in foreign jurisdictions, the cash profits would be taxed if repatriated for share buy - backs.

[15] There are two segments of insurers that have competitive advantage on cost: mutual insurance companies that distribute profits back to policy holders and foreign insurers that can write insurance in America with tax advantages.

After all, they assure you, tax reform added piles of dollars to the bottom line profits of corporations as well as placed mounds of money back into the pockets of millions of households.

EBITDA and EBITA Earnings before interest, tax, depreciation and amortisation (EBITDA) takes operating profit and adds back two subjective costs: depreciation and amortisation.