State Street beats profit estimates as interest income rises
(Reuters) – State Street Corp on Friday beat profit estimates for the second quarter as the bank’s interest income benefited from the U.S. Federal Reserve’s …
Income
Japan’s tax income hits record, surplus will help fund defence plan
TOKYO (Reuters) -Japan’s government raked in record tax income last fiscal year, the finance ministry said on Monday, which could help Prime Minister Fumio Kishida’s …
MURDOCK And DIAMOND: Trump Should Make Police Exempt From Federal Income Taxes
MURDOCK And DIAMOND: Trump Should Make Police Exempt From Federal Income Taxes Deroy Murdock and Joe Diamond on July 2, 2023 America set a tragic …
Spain offers income tax rebate for electric car buyers
MADRID (Reuters) -Spain will reimburse up to 15% of income tax to people who buy an electric vehicle (EV) before the end of the year …
Supreme Court Will Decide If The Government Can Tax Income You Haven’t Received Yet
Supreme Court Will Decide If The Government Can Tax Income You Haven’t Received Yet Katelynn Richardson on June 26, 2023 The Supreme Court announced Monday …
Wells Fargo CFO expects upside in net interest income
NEW YORK (Reuters) – Wells Fargo & Co expects an upside in net interest income going ahead, Chief Financial Officer Mike Santomassimo said on Tuesday. …
Bank of Montreal quarterly profit rises on higher interest income
(Reuters) – Bank of Montreal’s second-quarter profit jumped as higher interest rates shored up the lender’s net interest income, the Canadian bank said on Wednesday. …
Russia goes after remote workers with tighter income tax draft law
(Reuters) – Russia’s finance ministry on Thursday outlined proposals to tax people working remotely from abroad for Russian companies at the standard income tax rate …
International Flavors & Fragrances posts quarterly loss as costs rise
(Reuters) – International Flavors & Fragrances cut its annual sales forecast and reported a quarterly loss on Monday, compared with a year-ago profit, as soaring …
Fund managers at Milken eye fixed income as stocks, real estate lose luster
By Svea Herbst-Bayliss and Carolina Mandl BEVERLY HILLS (Reuters) – Prominent investors including hedge fund and private equity managers at a major industry conference say …
German consumer morale picks up on income expectations – GfK
BERLIN (Reuters) – German consumer sentiment is set to pick up in May as moderating energy prices and expected wage increases help to dissipate households’ …
U.S. Bancorp beats profit estimates as higher rates boost interest income
(Reuters) – U.S. Bancorp (USB) on Wednesday beat estimates for first-quarter profit as rapid rate hikes from the Federal Reserve helped the lender earn more …
EXCLUSIVE: Oklahoma Gov Touts School Choice Amid Struggle In State Legislature, Calls For No Income Cap
EXCLUSIVE: Oklahoma Gov Touts School Choice Amid Struggle In State Legislature, Calls For No Income Cap Reagan Reese on April 17, 2023 The Oklahoma House …
State Street profit misses on lower fee income; shares fall
(Reuters) – State Street Corp reported a first-quarter profit on Monday that missed analysts’ estimates, hurt by a fall in fee income due to the …
M&T Bank Corp beats profit estimates as interest income doubles
(Reuters) – M&T Bank Corp beat Wall Street estimates for first-quarter profit on Monday, as the U.S. Federal Reserve’s rapid rate hikes to tame high …
West Hempstead Woman Charged for Failing to Pay Personal Income Taxes Over Four Years
MINEOLA, NY – Cynthia Ciaccio, a 62-year-old West Hempstead resident, was arraigned Tuesday on charges of failing to pay income taxes between 2017 and 2020, …
Exclusive-Brokerage CICC slashes bonuses as Beijing dials up income disparity rhetoric -sources
HONG KONG/SHANGHAI (Reuters) – Dealmakers at China International Capital Corp (CICC) will see bonuses slashed by as much as 40%, three sources said, in one …
BlackRock Investment Institute downgrades credit, favors short-term bonds for income
(Reuters) – BlackRock Investment Institute said on Monday it was downgrading credit and preferred short-term bonds for income, with strategists pointing to financial cracks from …
Corrado Bill to Encourage Participation in Low Income Household Water Assistance Program Clears Committee
Sen. Corrado’s bill compelling water companies to participate in the Low Income Household Water Assistance Program was approved by the Senate Budget and Appropriations Committee.
Corebridge posts smaller-than-feared profit drop on strong investment income
(Reuters) -Corebridge Financial Inc reported a smaller-than-expected drop in its quarterly profit on Friday, supported by higher investment income from its base portfolio that more …
Corrado Bill to Encourage Participation in Low Income Household Water Assistance Program Approved
Sen. Corrado’s bill compelling water companies to participate in the Low Income Household Water Assistance Program was approved by the Senate Economic Growth Committee.
Brazil’s government eyes raising income tax exemption in 2023
By Marcela Ayres BRASILIA (Reuters) – Newly elected Brazilian President Luiz Inacio Lula da Silva is considering an income tax exemption for workers who earn …
Factbox-Later retirement, income guarantees: What’s in France’s pension reform?
PARIS (Reuters) – President Emmanuel Macron’s plan to reform France’s costly pension system, including raising the retirement age, has infuriated trade unions who are calling …
Five Defendants Arrested For Stealing Millions From Government-Funded Childcare Programs For Low Income Families
Damian Williams, the United States Attorney for the Southern District of New York, Michael J. Driscoll, the Assistant Director in Charge of the New York …
IRS delays $600 income reporting rule for U.S. gig workers
WASHINGTON (Reuters) – The U.S. Internal Revenue Service said on Friday it would delay a new rule requiring more extensive reporting by gig workers and …
VERONIQUE DE RUGY: Here’s What Earned Income Tax Credit Proponents Get Wrong
VERONIQUE DE RUGY: Here’s What Earned Income Tax Credit Proponents Get Wrong Veronique de Rugy on December 16, 2022 For some time now, legislators have …
Argentina to introduce income tax relief in January
BUENOS AIRES (Reuters) – Argentina’s government will raise the floor for income taxes in January, the country’s Economy Minister Sergio Massa said on Thursday, amid …
Russia’s Rosneft says net income hit by assets transfer in Germany
By Vladimir Soldatkin MOSCOW (Reuters) -Russian largest oil producer Rosneft said on Wednesday its nine-month profit was hit by the transfer of assets in Germany …
Swedbank sees income growth outpacing costs as eyes set on ROE boost
STOCKHOLM (Reuters) – Swedbank said on Tuesday it would grow average annual income by 3 percentage points more than costs as it looked to boost …
South Korean households’ quarterly income falls for first time since Q2 2021 – govt data
SEOUL (Reuters) – South Korean households’ quarterly income declined on the year for the first time since the second quarter of 2021, government data showed …
Man charged with preparing false joint income tax return
HOUSTON – A tax preparer is set to appear in court on charges of preparing a false joint income tax return, announced U.S. Attorney Jennifer …
Charity Operator Charged with Diverting Millions of Dollars of Charitable Funds and Evading Federal Income Tax
MIAMI – Douglas Sailors, 71, formerly of Parkland, Fla., and now living in Owensboro, Ky., was charged with conspiracy to commit mail and wire fraud …
SocGen net income tops forecasts in third quarter
PARIS (Reuters) – Societe Generale, France’s third-biggest listed bank, joined European rivals in posting a higher than expected net income in the third quarter as …
Saudi Aramco Q3 net income jumps 39% on higher crude prices
By Hadeel Al Sayegh DUBAI (Reuters) – Saudi Arabian state oil producer Aramco on Tuesday posted a 39% jump in its third-quarter net income that …
Goldman’s Solomon: Undoing 40 years of ‘nationalized fixed income’ disruptive
DUBAI (Reuters) – Goldman Sachs CEO David Solomon said on Tuesday the world “nationalized fixed income markets” for 40 years and is in the process …
S.Korea to scrap taxes for foreigners’ income from bonds – minister
SEOUL (Reuters) – South Korea’s finance minister said the government will scrap taxes on foreigners’ income from investments in treasury bonds and monetary stabilization bonds …
Fed’s net income turned negative in September, but it was no surprise
By Michael S. Derby NEW YORK (Reuters) – The Federal Reserve’s net income turned negative in September, minutes from its most recent policy meeting showed, …
Non-Payment of Federal Income Tax on Cryptocurrency Earnings Leads to Conviction for South Florida Resident
MIAMI – Ethan Thomas Trainor, has pled guilty to attempted tax evasion. Trainor used sophisticated on-line techniques to conceal from the IRS over $1 million …
UK to reverse cut to higher rate income tax – BBC
LONDON (Reuters) – The British government is expected to reverse the proposed scrapping of the highest rate of income tax that has sparked a backlash …
Father, daughter tax preparers sentenced for income tax filing fraud
AUGUSTA, GA: A Richmond County man and his daughter have been sentenced after admitting they filed fraudulently inflated tax returns on behalf of clients. Ezra …
Under Biden, Income Inequality Spikes For First Time In Ten Years
Under Biden, Income Inequality Spikes For First Time In Ten Years John Hugh DeMastri on September 13, 2022 The Gini index, a common measure of …
Bank of America CEO predicts income boost from higher rates
NEW YORK (Reuters) – Bank of America Corp expects a “big bump” in the income it earns from rising interest rates, its chief executive officer …
Rankin County Woman Found Guilty of Conspiring to Falsify Business and Income Records
Jackson, Miss. – A Pearl woman was found guilty by a federal jury on Wednesday, August 24, 2022, of conspiring to falsify business and income …
Irish budget surplus may reach 2% of national income in 2022-watchdog
DUBLIN (Reuters) – Ireland’s budget surplus could reach 2% of gross national income this year, the country’s fiscal watchdog said on Wednesday, significantly ahead of …
Georgia Dem Doubled Income One Year After Becoming Senator
Georgia Dem Doubled Income One Year After Becoming Senator Jack McEvoy on August 29, 2022 Democratic Sen. Raphael Warnock of Georgia doubled his income after …
Fed staff sees bond portfolio income turning negative in coming months
(Reuters) – Federal Reserve staff expect the net income from the Fed’s holdings of more than $8 trillion of bonds to “turn negative in coming …
Wapello Man Sentenced to Six Months in Federal Prison For Failing to File Income Tax Returns
DES MOINES, IA – Bradley Earl Ewart, age 51, of Wapello, was sentenced Monday, August 1, 2022, to 6 months in prison for failing to …
Three in Lebanon Charged in Schemes to Smuggle Weapons from Cleveland and Income Tax Evasion
Federal law enforcement officials announced today that three indictments were unsealed in federal court, detailing charges against three men, two formerly of Northeast Ohio, who …
Israel finance ministry trims GDP forecasts but sees surge in tax income
By Steven Scheer JERUSALEM -Israel is on track to collect 45.5 billion shekels ($13 billion) more than initially expected in revenue in 2022, the Finance …
Ocean City Business Owner Admits to Intentionally Failing to Report $70,000 in Annual Income Tax
Baltimore, Maryland – Sunil Chawla (“Chawla”), age 66, of Berlin, Maryland, pleaded guilty today to tax fraud. As part of his plea agreement, Chawla will …