accounting principles

Corporations Are Vindicated On Health Insurance Losses

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When healthcare reform legislation finally passed, several major corporations quickly moved to modify their earnings report. The claim from AT&T, Caterpillar, and others was that a provision in the law would increase their costs and hurt their profits. Specifically, their concerns involves the expiration of an existing tax break. That tax break has allowed companies … Read more

Taxation In Thailand

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Tax Thailand System The taxation system raises the revenue from the following taxes:Corporate income tax;Personal income tax;Withholding tax;Value added tax;Specific business tax;Customs duties; andOther taxes (including excise tax, stamp duty and petroleum income tax).The Ministry of Finance administers the tax collections through three central Government Departments of Revenue; Customs; and Excise. Local Governments levy tax on land (local development … Read more