Tag: #tax-policy8 results
Five Chinese ministries issue notice for 2026 tax incentive lists for IC enterprises/projects and software firms. Eligible firms can preemptively claim benefits in 2026 prepayments, with adjustments at year-end. Covers corporate income tax, tariffs, and R&D deductions for semiconductors and software.
California has reached a $351.7 billion budget agreement that introduces sales tax on prewritten software downloaded from the web. This policy is projected to generate $2 billion in combined state and local revenue starting in fiscal year 2028.
California Governor Gavin Newsom is seeking to implement a new tax on cloud-based software to generate significant state and local revenue. This move could impact the cost structure for SaaS companies operating in the region.
Starting January 1, 2027, China will end tax exemptions for four types of energy-saving and new energy vehicles, including plug-in hybrids and commercial electric vehicles. Pure electric and fuel cell passenger cars remain exempt from the vehicle and vessel tax.
Despite securing enough signatures to qualify for the ballot, California's proposed billionaire tax faces significant uncertainty. Tech moguls are actively opposing the measure, highlighting a growing tension between political regulation and the tech industry.
While California expects a massive tax windfall from upcoming IPOs of AI giants like OpenAI and Anthropic, modern compensation structures may significantly reduce the actual revenue. Historical data suggests that stock-based compensation and complex tax planning often blunt expected state gains.
The Kenyan government has proposed a 15% capital gains tax on foreign exits, impacting international investment landscapes. The news also covers corporate developments involving Prosus, Delivery Hero, MTN, and IHS.
The Kenyan government's Finance Bill 2026 introduces a 15% tax on gains from non-resident investors selling shares abroad. This applies specifically to shares that derive their value from underlying Kenyan assets or operations.