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Tag: tax
Gas sector grew 12-fold in a decade to $60b but tax take flatlines
2015-11-17 11:33:06| Oil & Gas - Topix.net
A federal tax designed to share profits from the oil and gas sector with the Australian public is barely raising a single extra dollar despite the industry's transformation from a $5 billion concern a decade ago to a $60 billion export powerhouse. With Australia poised to become the world's biggest exporter of liquefied natural gas by 2018, a Fairfax Media investigation has found revenues from the petroleum resource rent tax will remain stuck at 2003/04 levels as producers access wide-ranging tax deductions to recoup some of the $200 billion they have invested.
Calls for Celtic director to be sacked after backing Conservatives' tax credit plans
2015-11-15 14:07:11| Telecom - Topix.net
IT is a football club that was founded with the purpose of alleviating poverty, but one Celtic director has defended his vote in support of tax credits cuts in the House of Lords. Glasgow-born former BT chief executive Lord Ian Livingston angered some Celtic supporters by siding with the Conservatives when he voted against delays to Chancellor George Osborne's tax credits changes, prompting nearly 10,000 people to back a campaign to have him sacked from the Celtic board.
Tags: credit
director
plans
tax
Canadas oil industry frets as pressure mounts to cut fossil-fuel tax incentives
2015-11-13 15:00:00| Climate Ark Climate Change & Global Warming Newsfeed
Globe and Mail: Canadas oil industry is facing a twin threat as environmentalists urge the Liberal government to make good on promises to slash fossil-fuel subsidies and impose a tougher regulatory regime on existing applications to build pipelines to the West and East coasts. A study released Thursday pegged federal subsidies for the industry at nearly $1.7-billion, including items such as accelerated capital-cost writeoffs recently extended to the proposed liquefied natural gas plants, and the Canadian exploration...
Tags: industry
tax
cut
pressure
Will Congress step up and renew the Section 179 tax deduction?
2015-11-12 18:22:10| Beef
Last year, it was nearly Christmas before Congress made an 11th hour save and increased the Section 179 deduction. Yes. Theyll make an 11th hour save just like last year and increase it to $500,000. No. The deduction will remain at $25,000. Dont know. Who can outguess a politician? read more
Tags: section
step
tax
congress
HMRC to reveal tax office closure plan
2015-11-12 10:54:45| BBC News | Business | UK Edition
Taxpayers and staff at the UK's tax authority are bracing themselves for news of big changes to offices across the UK.
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