Latest news with #businessCommunity
Washington Post
02-06-2025
- Business
- Washington Post
John Kennedy, Georgia's top Senate Republican, joins race for lieutenant governor
ATLANTA — John Kennedy, the top-ranking Republican in Georgia's state Senate, on Monday joined a growing field of GOP candidates seeking to become the state's next lieutenant governor in 2026. Kennedy, a Macon lawyer, is banking on the support of Georgia's business community after helping pass a law this year limiting lawsuits and civil verdicts .
Yahoo
23-05-2025
- Business
- Yahoo
Trump's Tariffs Sentiment Business Intelligence Report: Current Outlook and Potential Economic Implications within Various Industries
This report, based on four sentiment polls, reveals business community reactions to trade rule changes. Following Donald Trump's tariff imposition in his second term, most businesses express negative views, though some see opportunities. Conducted in April 2025 with 1,843 respondents, this survey offers insights into economic expectations. Dublin, May 23, 2025 (GLOBE NEWSWIRE) -- The "Strategic Intelligence: Tariffs Sentiment Polls - April 2025" has been added to offering. This report reflects the sentiment of the business community regarding tariffs, based on four recent polls. The surveys aim to capture the current outlook and potential economic implications within various industries. In the initial phase of his second presidency, Donald Trump radically altered global trade dynamics by establishing a 10% global baseline tariff, along with a "reciprocal" tariff strategy. This includes substantial tariffs on strategic industries such as steel, aluminum, and automotive. Additional threats were made towards other sectors, including metals, lumber, semiconductors, and pharmaceuticals. The business community's initial response to these tariffs is largely unfavorable; however, there is a noteworthy segment that anticipates potential benefits from these changes. Scope The sentiment polls were conducted in April 2025 on the Verdict network's B2B websites, which recorded 10.8 million user sessions in the first quarter of 2025. A total of 1,843 respondents participated in the survey, offering valuable insights into the prevailing business attitudes. Reasons to Buy This survey provides a unique perspective on the business sector's views concerning tariffs, shedding light on the levels of concern regarding their effect on business operations. Additionally, it offers a projection on how tariffs might influence the economic outlook over the next year. Key Topics Covered: About our tariffs sentiment polls Executive summary Poll analysis Sentiment polling methodology Thematic research methodology Contact the Publisher For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Zawya
19-05-2025
- Business
- Zawya
A 36% growth in the value of certificates of origin at Ajman Chamber during Q1 2025
Sheikh Hamad bin Nasser Al Nuaimi, Director of the Member Affairs Department, stated that the growth in both the number and value of certificates of origin issued in the emirate of Ajman during the first quarter of 2025 serves as a clear indicator of the strength of the industrial and commercial sectors within the emirate. This growth reflects the ongoing expansion of export activities and economic dynamism. He further emphasized that this growth is a result of the significant support from the wise leadership and the integration among entities concerned with economic sector services, alongside the fruitful cooperation between the public and private sectors. This collaboration enhances Ajman's position as a vital economic hub at both the national and regional levels. He revealed that the number of transactions for certificates of origin issued by the emirate of Ajman reached 11,698 certificates during the first quarter of 2025, with a total value of AED 1.89 billion, representing a growth of 36% compared to the value of certificates of origin during the first quarter of 2024, which amounted to AED 1.39 billion. He further affirmed that the Ajman Chamber continues its efforts to continuously develop its service system by adopting the latest technological systems and providing innovative solutions that meet the aspirations of the business community. The Chamber also works in cooperation with its partners from government entities to facilitate procedures and stimulate the growth of exports of local products, enhancing their competitiveness in regional and global markets. This is within the framework of its endeavors aimed at supporting national companies and enabling them to expand and access new markets. Sheikh Hamad bin Nasser Al Nuaimi clarified that the Ajman Chamber is committed to providing reliable sources of comprehensive, accurate, and easily accessible data and information through the "Foras Platform." This aims to support the growth of national exports and explore export opportunities in various global markets. This encourages local companies to study target markets and make export decisions based on documented information, thereby contributing to raising the efficiency of commercial performance and strengthening Ajman's industrial standing.
Zawya
08-05-2025
- Business
- Zawya
Egypt's Tax Authority prepares comprehensive guide on exported services
Egypt - Rasha Abdel Aal, Head of the Egyptian Tax Authority (ETA), has announced that a comprehensive guide on the tax treatment of exported services is currently under preparation. The guide aims to provide a unified, accurate, and widely accepted reference for businesses and tax professionals, addressing ongoing ambiguities in the tax system. Her remarks came during a virtual seminar hosted by Deloitte Egypt, which brought together representatives from companies, tax consultants, and experts to discuss recent tax facility initiatives introduced by the government to support the business environment and simplify procedures. Abdel Aal explained that earlier directives issued to clarify the taxation of exported services had inadvertently created confusion during implementation, leading to their cancellation—a move broadly welcomed by the professional community. She emphasized the importance of direct engagement with taxpayers as a core strategy to resolve challenges and ensure practical, transparent tax administration. She noted that the first phase of tax facilities has delivered measurable benefits, including improved voluntary compliance, higher tax revenue, and a significant number of taxpayers filing amended returns to benefit from the new provisions. These measures have also helped settle a large number of outstanding tax disputes and strengthened trust between the Tax Authority and the business community. VAT refunds, Abdel Aal said, remain a top priority for the Authority and receive direct oversight from the Minister of Finance. As part of the current reforms, the Tax Authority aims to increase the volume of VAT refund cases by three to four times, with recent changes already reducing average processing time to about 22 days. However, she acknowledged that challenges remain and called on taxpayers to submit accurate and complete documentation—now clearly outlined on the Authority's website—to further streamline the refund process. Abdel Aal reiterated that effective implementation is essential to successful tax policy. From the launch of the tax facility package, the Authority has focused on promoting tax fairness, ease of compliance, and constructive partnership with taxpayers across all provinces. She also highlighted efforts to support small enterprises with annual revenues of up to EGP 20m through a simplified tax system. This is part of a broader strategy to encourage businesses in the informal sector to integrate into the formal economy. The simplified framework aims to ease both tax and procedural burdens, but participation requires registration in the electronic invoicing and receipt systems. To support this transition, the Ministry of Finance and the Tax Authority are providing technical assistance and training to help small businesses adopt the system. This includes facilitating electronic signature issuance, offering point-of-sale (POS) devices, and covering associated costs—all aimed at accelerating the digital transformation of commercial operations and enhancing tax compliance. Abdel Aal also underscored the important role of certified accountants in supporting the tax system. She announced the activation of a pre-ruling system that provides binding guidance on the tax implications of future transactions, helping investors make informed decisions and comply with tax laws with greater certainty. She further noted that the Authority is addressing issues related to the registration of virtual permanent establishments. Coordination between the General Directorate of International Agreements and the Corporate Tax Department is underway to streamline the registration process. New instructions on registration and profit allocation for virtual permanent establishments—aligned with international standards—are also under consideration.
