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The government does not intend to introduce new taxation instruments but aims to implement a more equitable targeted subsidy system that meets the needs of the people, said Datuk Seri Anwar Ibrahim.<br/><br/>In his speech at the Madani Convention in Melaka on Saturday (May 25), the Prime Minister explained that the recent announcement regarding targeted diesel subsidies exempts low-income groups such as fishermen, smallholders, and taxi drivers from these taxes.<br/><br/>Read more at https://tinyurl.com/3c6emfzk<br/><br/>WATCH MORE: https://thestartv.com/c/news<br/>SUBSCRIBE: https://cutt.ly/TheStar<br/>LIKE: https://fb.com/TheStarOnline
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Janson Smith
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Heelan Associates
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Marks & Spencer has revealed a better-than-expected surge in annual profits after buoyant sales across its food halls and clothing arm as the group’s turnaround plan pays off. The retail bellwether reported a 58 per cent hike in underlying pre-tax profits to £716.4m for the year to March 30.
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Tax2u Limited
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Honest Money
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Economic secretary to the Treasury Bim Afolami insisted cutting taxes remains a \
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LYFE Accounting
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De Carolis Financial Solutions
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The IRS issued Revenue Ruling 2023-2, which had a substantial impact on estate planning, particularly where an irrevocable trust is involved. In the last decade or so, more families have begun utilizing irrevocable trusts to protect their assets from spend-down in order to qualify for government benefits, such as Medicaid and VA Aid and Attendance.<br/><br/>Prior to the issuance of this ruling, it was unclear whether assets passing to beneficiaries through an irrevocable trust would receive a step-up in basis, thereby eliminating any capital gains taxes that would otherwise be owed. Historically, assets that are disposed of during an individual’s lifetime are subject to capital gains taxes on the increase in value of that asset over time. The amount of capital gains owed is determined largely by the difference between the value at the time of purchase and the value at the time of transfer.
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Duke University - The Fuqua School of Business
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Fast Track Digital Marketing
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