Italy doubles taxation for rich people who move their tax residence abroad
The Italian government on Wednesday gave the green light to a decree that would double the so-called flat tax on income earned abroad by wealthy individuals who move their tax residence to the country, to 200,000 euros (218,220 dollars) per…
Italy doubles taxes on wealthy foreigners after locals complain about high prices
Unlock Editor’s Digest for free FT editor Roula Khalaf selects her favourite stories in this weekly newsletter. Italy has doubled the flat tax on foreign income of new residents – a blow to wealthy expats seeking to flee the prospect…
Burford Electric receives 10-year tax exemption from the city
The City Council unanimously approved a 10-year ad valorem tax exemption for the proposed $2.5 million expansion of Burford Electric Service, Inc. Joe Max Higgins, CEO of Golden Triangle Development LINK, appeared before council on Tuesday night on behalf of…
When the back-to-school shopping holidays end
Florida officials visit Ormond Beach swim school to discuss water safety Florida Lieutenant Governor Jeanette Nuñez says a new program will provide low-income families with vouchers for swim lessons for children up to age four. In 59 of Florida’s 67…
No tax increase means the police only get half their cameras
STARKVILLE – A balanced city budget with no tax increases next year means the police department will get half as many cameras and new personnel as expected. Still, the City Council plans to hold public hearings on a fiscal year…
Taming the Wild West of AI in Corporate Legal, Tax and Risk Departments
After 18 months of nonstop hype and rapid launches of new, easily accessible, consumer-facing tools, it might seem like everyone is experimenting with generative artificial intelligence (GenAI). In fact, according to the new Thomson Reuters Future of Professionals Report, nearly…
General Mills to expand after Hannibal City Council grants tax abatement – Muddy River News
HANNIBAL, Missouri – General Mills’ expansion project received a boost Tuesday. The Hannibal City Council approved a 10-year 50 percent income and property tax abatement for the project. Maria Kuhns, executive director of the Hannibal Regional Economic Development Council, first…
Knowing me, knowing you! Using private derivatives in personal tax planning | Gerald Nowotny – Law firm Gerald R. Nowotny
overview I mentioned my year-long writing sabbatical last week. Over the course of the year, I’ve collected a few ideas that I’ll cover in new articles. One of those ideas is to penetrate the tax-exempt organization needle with personal tax…
Do you get an additional child tax credit from New York State? Here’s how to find out
New York State has begun sending additional checks to families who qualify for the Empire State Child Credit program. The money comes from the $350 million that the state legislature and Governor Kathy Hochul included in this year’s state budget….
Taxes, children and the zero tax bracket – Economist writes every day
There was a recent debate in the presidential campaign about taxing parents versus childless taxpayers. The debate had been ongoing, but was reignited when a 2021 video of JD Vance resurfaced saying that taxpayers with children should receive lower tax…
