Montgomery County Commission weighs support for Jackson Hospital amidst crisis Commissioners discuss urgent funding strategies for Jackson Hospital to ensure continued operations.

Montgomery County's latest commission meeting tackled pressing issues, from technology agreements to critical tax legislation that could shape the county's financial future.

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#MontgomeryCounty #AL #MontgomeryCountyCommission #TechnologyServices #TaxLegislation

Ohio House Bill 422 mandates voter approval percentages for voted tax levies Legislation sets required elector approval rates for various categories of voted taxes.

Ohio's new House Bill 422 could change the game for local tax levies by requiring voter approval percentages—are you ready for the impact?

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#OH #ElectoralReform #CitizenPortal #CivicParticipation #TaxLegislation

Canada unveils draft tax legislation, maintains key economic policies Investing.com -- Canada’s Department of Finance released draft tax legislation on Friday that maintains several economic policies proposed by the previous administration, showing continuity under Prime Minister Mark Carney’s leadership. The draft legislation confirms commitments made in the 2024 Fall Economic Statement and Budget 2024, despite the political transition following former Prime Minister Justin Trudeau and Finance Minister Chrystia Freeland’s resignations. Finance Minister François-Philippe Champagne is seeking stakeholder feedback before a September 12 deadline, ahead of Parliament reconvening later this year. Key proposals include broadening eligibility for capital gains rollover rules to support small business transitions, with a $10 million exemption for sales to worker cooperatives. Technical changes to employee ownership trusts are also included to encourage domestic and employee-led business ownership. Scientific research and experimental development activities would receive higher expenditure limits and renewed eligibility for refundable credits, including capital investments and certain public corporations. The draft legislation enhances reporting requirements for nonprofit organizations and introduces new compliance penalties, giving the Canada Revenue Agency more enforcement powers. Canada is also proceeding with the OECD’s Crypto-Asset Reporting Framework implementation and updates to the Common Reporting Standard. While maintaining most of Trudeau’s fiscal agenda, Carney’s government has abandoned a planned increase to the capital gains inclusion rate and suspended the carbon tax. The legislation also includes exemptions from the Excessive Interest and Financing Expenses Limitation rules for purpose-built rental housing and regulated Canadian utilities, aiming to support infrastructure investment and address affordability issues. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Unsure where to invest next? Get access to our proven portfolios and discover high-potential opportunities. In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record. With portfolios tailored for Dow stocks, S&P stocks, Tech stocks, and Mid Cap stocks, you can explore various wealth-building strategies.

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The Joint Committee on Taxation (JCT) has released its "Bluebook," which explains the tax legislation passed by the 118th Congress. Link below. #taxes #taxlegislation #taxprofessionals

www.jct.gov/publications...

Netflix, apps may face VAT charges Namibia will be finalising value added tax legislation (VAT) on imported digital services in the 2025/26 financial year. This is one of the tax policies proposed by the minister of finance and social grants management, Ericah Shafudah, during the recent tabling of the 2025/26 national budget in parliament. If implemented, when Namibians buy digital products online from companies outside the country, those companies will be required to charge VAT making those products more expensive for consumers. These digital products include streaming services such as Netflix, apps and online courses. According to Shafudah, this will create an even playing field for all companies and broaden the country’s tax base. “Finalising the VAT legislation on imported digital services will even the playing field with domestic service providers, considering the exponential growth noted in the consumption of digital services.” Ericah Shafudah Shafudah said enhancing the competitiveness of the tax system will attract investments and foster private sector development. Another key amendment targets housing benefits, introducing an annual tax benefit cap of N$400 000. Shafudah said this aims to improve fairness across different income brackets and between employer groups in the private and public sectors. Additionally the ministry proposed an anti-avoidance provision to tackle tax avoidance schemes involving loans disguised as preference shares. Some companies use preference shares in a way that resembles loans which usually have tax benefits, at a cost to the government of about N$41 million annually. “The ministry will be introducing an anti-avoidance provision to ensure that substance loans disguised as preference shares are deemed income and not tax-exempt to stem revenue leakage,” said Shafudah. The post Netflix, apps may face VAT charges appeared first on The Namibian.

#Namibia #VAT #DigitalServices #Netflix #TaxLegislation

A huge thank you to John Hauser from RSM US LLP for sharing his expertise at our Pre-Dinner Event on the 2025 Tax Outlook! We appreciate his insights.

Event info: go.feisv.org/0225predin-bs

#SiliconValley #Finance #TaxLegislation #2025Taxes

The Senate has released a draft of the Taxpayer Assistance and Service (TAS) Act (link below). The Act consolidates National Taxpayer Advocate recommendations and past tax administrative legislation into one package. #taxes #taxprofessionals #taxlegislation

www.finance.senate.gov/imo/media/do...