Tax Revenue
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morningstaronline.co.ukSamsung Family Completes Payment of Record 12 Trillion Won Inheritance Tax Bill
The family behind Samsung has finished paying a 12 trillion won inheritance tax, the largest in South Korea's history, tied to the estate of late chairman Lee Kun-hee. The payments were made in six installments over five years by Chairman Lee Jae-yong, Hong Ra-hee, Lee Boo-jin an…
User:Visviva / Wikimedia (Public domain)Canadian Government Approves Enbridge's $4 Billion Natural Gas Pipeline Expansion in British Columbia
The federal government has approved the Sunrise Expansion Program, a $4 billion natural gas pipeline project proposed by Enbridge in British Columbia. The 139-kilometre expansion will add up to 300 million cubic feet of LNG capacity and generate over $700 million in tax revenue.…
William Murphy / Wikimedia (CC BY-SA 4.0)Tech Firms Repurpose Vacant U.S. Corporate Parks for Data Centers Amid Revenue Pressures and Local Concerns
Tech companies are increasingly converting empty suburban and rural corporate parks into data centers to support next-generation AI, driven by towns seeking business tax revenue. Local leaders express concerns over industrial traffic, while design firms work to improve data cente…
Substrate placeholder — needs review · Wikimedia Commons (CC BY-SA 3.0)Rise of Sports Betting in US States Follows 2018 Supreme Court Decision
The US Supreme Court overturned the Professional and Amateur Sports Protection Act in 2018, allowing states to legalize sports betting. As of now, 40 states have legalized it, with 32 permitting online betting. This development occurred amid state budget needs during the COVID-19…
Substrate placeholder — needs review · Wikimedia Commons (CC BY-SA 3.0)Jersey Consumer Council Criticizes Government Tax Revenue from Rising Fuel Prices
The head of Jersey's Consumer Council stated that the government's increased tax revenue from rising fuel prices due to global disruptions feels unfair to island residents. These price increases stem from disruptions in oil and gas shipments through the Strait of Hormuz since a w…