Trading budget – Taiyo 33 http://taiyo-33.com/ Wed, 12 Jan 2022 02:45:50 +0000 en-US hourly 1 https://wordpress.org/?v=5.8.2 https://taiyo-33.com/wp-content/uploads/2021/11/taiyo-150x150.png Trading budget – Taiyo 33 http://taiyo-33.com/ 32 32 crypto: budget to decide if crypto investing is business income https://taiyo-33.com/crypto-budget-to-decide-if-crypto-investing-is-business-income/ Wed, 12 Jan 2022 00:44:00 +0000 https://taiyo-33.com/crypto-budget-to-decide-if-crypto-investing-is-business-income/ Mumbai: The government has sought advice from senior tax advisers on whether income from trading or investing in cryptocurrencies could be treated as business income versus capital gains at from this year, said two people involved in the talks. This move could significantly increase the tax burden on crypto investors. The government is looking to […]]]>
Mumbai: The government has sought advice from senior tax advisers on whether income from trading or investing in cryptocurrencies could be treated as business income versus capital gains at from this year, said two people involved in the talks.

This move could significantly increase the tax burden on crypto investors.

The government is looking to refine the definition of income and earnings specifically for crypto assets in the upcoming budget.



This would mean that the income tax on returns for investors or traders could reach 35% to 42% in the future.

The government has contacted senior tax advisers regarding the changes that will only impact crypto assets and no other asset class such as stocks.

“If the definition of income is changed in the tax framework, it could give the tax department leeway to levy an income tax on earnings generated from investing and trading in cryptocurrencies. Some clarity regarding taxation is required regarding cryptocurrencies, even though we don’t have a framework in place defining the asset class, ”said Dinesh Kanabar, CEO of Dhruva Advisors, a consultancy firm. tax.

The government is also seeking to explain how returns are calculated for crypto investors.

In other words, Indians who have seen their cryptocurrencies appreciate during the year and exchanged them for other crypto assets without converting them back to fiat or INR will also be taxed.

“Even if the payment for an asset, say a painting or other crypto asset, is made in cryptocurrency, it is still income in the hands of the recipient. As the cryptocurrency has value underlying in Indian rupee, it should be taxed as income, ”said Sudhir Kapadia, national tax officer, EY India.

Investors would be forced to calculate the actual returns on their crypto assets, every time they sell them, and pay taxes on that.

They can continue to buy another crypto asset from that money – or a crypto currency afterwards, a person familiar with the development said.

Apart from this, the government could also introduce the Goods and Services Tax (GST).

The government could apply 18% GST on crypto trading, and the amount could be borne by an individual who buys it if the exchanges decide to pass it on to them.

“The government is considering a tax proposal that will allow it to tax all crypto holdings. So the GST will be levied at 18%, for individual holders it will be taxed at the highest bracket. If companies generate income, they can show crypto investments in the other income bracket, ”said one person familiar with the developments.

The government is considering defining cryptocurrencies as a commodity in the new bill which also proposes to compartmentalize virtual currencies based on their use cases.

“There is no preparation for the bill; the government is waiting for US policies to take shape, which are expected within the next 2-3 months. After the United States publishes its crypto policies, India should decide the way forward, “said one of the people familiar with the development.

Currently, there is no clarity on direct or indirect taxes when it comes to cryptocurrencies. This is primarily because it is not defined as a currency, asset, commodity, or service.

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Mini-budget to document the economy: PM Imran – Pakistan https://taiyo-33.com/mini-budget-to-document-the-economy-pm-imran-pakistan/ Tue, 11 Jan 2022 12:55:34 +0000 https://taiyo-33.com/mini-budget-to-document-the-economy-pm-imran-pakistan/ Prime Minister Imran Khan said on Tuesday that the purpose of the mini-budget is to effectively document the economy, adding that if the country’s wealth generation is not properly recorded, it cannot increase tax collection. Addressing a ceremony at the Rawalpindi Chamber of Commerce and Industry (RCCI), the prime minister said Pakistan’s retail market alone […]]]>

Prime Minister Imran Khan said on Tuesday that the purpose of the mini-budget is to effectively document the economy, adding that if the country’s wealth generation is not properly recorded, it cannot increase tax collection.

Addressing a ceremony at the Rawalpindi Chamber of Commerce and Industry (RCCI), the prime minister said Pakistan’s retail market alone is worth Rs 18 trillion, but the registered market is not represents only one sixth and the rest is not taxable.

Finance Bill (Supplementary), SBP Bill (Amendment): NA session adjourned again

He said Pakistan cannot become a modern economy unless it develops a tax culture, adding that the government is working on reforms.

On Monday, the National Assembly (NA) session postponed discussion of the 2021 (additional) finance bill, commonly known as the mini-budget, to focus on the Murree tragedy which left at least 22 tourists losing. the life.

The session, chaired by National Assembly Speaker Asad Qaiser, was supposed to address the (additional) finance bill, seen as a key condition for reviving the International Monetary Fund’s $ 6 billion extended facility (EFF). (IMF).

Khan said the government is also focusing on supporting the country’s export industry. “Unless Pakistani exports increase dramatically, we will get stuck in the debt trap,” he said.

The prime minister said the whole world is facing the challenge of inflation due to lockdowns in the wake of the coronavirus pandemic.

“The country is facing imported inflation due to rising commodity prices internationally,” he said. “Inflation will subside over the next few months as pandemic pressures on the economy ease.”

Inflation will come down in three to four months, PM Imran says

Speaking to the business community, he said the government is constantly working to facilitate business in Pakistan.

He added that a country can only prosper financially if it is industrialized. “Pakistan has become a trading country rather than an industrial country,” he explained.

Khan reiterated that the Pakistani government of Tehreek-e-Insaf (PTI) inherited a difficult economic situation.

“No previous government has had to face a budget deficit of the magnitude that the current government has faced,” he said.

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Savannah Guthrie tested positive for COVID-19 | Entertainment https://taiyo-33.com/savannah-guthrie-tested-positive-for-covid-19-entertainment/ Mon, 10 Jan 2022 17:00:00 +0000 https://taiyo-33.com/savannah-guthrie-tested-positive-for-covid-19-entertainment/ Savannah Guthrie has tested positive for COVID-19. The ‘Today’ anchor is self-isolating after contracting the virus – less than a week after her colleague Hoda Kobt, 57, fell with the disease – and now works from home. The 50-year-old broadcaster – who virtually hosted the show – told Hoda on Monday’s show (10.01.22): “We’re swapping […]]]>

Savannah Guthrie has tested positive for COVID-19.

The ‘Today’ anchor is self-isolating after contracting the virus – less than a week after her colleague Hoda Kobt, 57, fell with the disease – and now works from home.

The 50-year-old broadcaster – who virtually hosted the show – told Hoda on Monday’s show (10.01.22): “We’re swapping seats. I’m working from home. You’re back in the studio. You’ve got a negative test for Covid. I just tested positive for Covid, so let’s go. “

Hoda – who tested positive on Thursday (6.1.22) – was back in the studio after testing negative. Last week the veteran news anchor tweeted, “Thanks for my best wishes! I feel great. I can’t wait to see you all when I’m clear! Xo.”

Savannah provided an overview of the mild symptoms she experienced.

10 Important Evaluations of the First 25 Years of

She revealed that she had “little sniffles, not much more than that.”

She later tweeted: “Swap places with @hodakobt!” I feel good – come back to the studio soon;) (sic) ”

In April, Savannah – along with her co-hosts Craig Melvin, Sheinelle Jones, Dylan Dreyer and Jenna Bush Hager – took viewers of the NBC breakfast show with them as they received their first doses of the COVID vaccine- 19 at Rockefeller Center.

In a celebratory Instagram post, she wrote: “What a day, what a privilege – so grateful to receive the vaccine! Hope this helps to raise awareness and encourages others to do the same, so that we can get back to life as We like it ! “

The case of Savannah – and Hoda – comes with a wave of COVID-19, which is said to be attributed to the highly contagious variant of Omicron. The strain – which was first identified in November – has become dominant, which is why health officials are urging people to get their booster dose of the vaccine as soon as possible.

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IndiaTech Seeks to Clarify Crypto Tax Rules in Budget 2022, Writes to FM https://taiyo-33.com/indiatech-seeks-to-clarify-crypto-tax-rules-in-budget-2022-writes-to-fm/ Sun, 09 Jan 2022 16:32:01 +0000 https://taiyo-33.com/indiatech-seeks-to-clarify-crypto-tax-rules-in-budget-2022-writes-to-fm/ IndiaTech, the country’s tech industry association, urged Finance Minister Smt. Nirmala Sitharaman to clarify the various taxes imposed on crypto assets. The body forwarded a letter to Sitharaman on the matter. Credit: da-kuk In the letter, IndiaTech called on the government to revise the existing tax rules to accommodate crypto assets, as well as to […]]]>

IndiaTech, the country’s tech industry association, urged Finance Minister Smt. Nirmala Sitharaman to clarify the various taxes imposed on crypto assets. The body forwarded a letter to Sitharaman on the matter.

Credit: da-kuk

In the letter, IndiaTech called on the government to revise the existing tax rules to accommodate crypto assets, as well as to define the process for taxation and disclosure. It comes at a time when finance ministry officials have met with representatives from various industries ahead of the upcoming Union budget 2022. Additionally, the much-delayed Cryptocurrency Bill 2021, which was due to be tabled in the winter session of parliament, but has now been postponed to mid-2022.

Ramesh Kailasam, President and CEO of IndiaTech said: “The budget should ideally propose consistent rules on direct taxation and the GST Council should detail the applicability of taxation, otherwise there will be confusion.” IndiaTech is a consortium of major cryptocurrency exchanges, some of which were recently questioned for allegedly evading the Goods and Services Tax (GST). CoinSwitch Kuber, CoinDCX, and WazirX are among the members of this industry body.

The forum also recommended that the Minister of Finance recognize cryptocurrencies as digital assets rather than currencies. Currently, there is little certainty on how cryptocurrencies would be taxed in India, due to uncertainty as to whether they should be classified as currencies, securities, or some other form of asset. Income tax on the returns of various investments ranges from 10 percent to 35 percent. GST rates could also be adjusted depending on the classification of cryptocurrencies.

There are three types of crypto trading: INR transactions, crypto to crypto trading, foreign currency transactions. There has been a big gap in the way the GST is calculated on cryptocurrency by exchanges and tax agencies. Some business strategies adopted by cryptocurrency trading platforms are under increased regulatory scrutiny.

Platforms like Unocoin and CoinSwitch Kuber, for example, operate as brokers or aggregators, buying and selling cryptos to users and charging commissions on transactions. IndiaTech proposed that a flat-rate 18% GST be imposed only on the platform commissions of exchanges (brokerage or foreign exchange fees per trade), rather than the full amount, as is the case with trades. of electronic commerce.

According to the letter, for direct taxation, the sector body recommended enabling laws to recognize and classify it as capital gains or business and professional income, depending on the type of business of the holder and the length of time. as well as the form of outfit.

In May of last year, IndiaTech presented a white paper with the Ministry of Finance, suggesting a five-point roadmap for increasing transparency in crypto-assets and trading.

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Mattioli Woods Acquisitions Go Over Budget | Midlands Business News https://taiyo-33.com/mattioli-woods-acquisitions-go-over-budget-midlands-business-news/ Fri, 07 Jan 2022 08:22:49 +0000 https://taiyo-33.com/mattioli-woods-acquisitions-go-over-budget-midlands-business-news/ Leicester-headquartered wealth management firm Mattioli Woods said recent acquisitions fit and operate ahead of budget, with the company also surpassing the £ 15.1bn asset milestone total customers. According to a trade update for the six months to November 30, 2021, Mattioli Woods achieved a 42% increase in total client assets from the previous period. The […]]]>



Leicester-headquartered wealth management firm Mattioli Woods said recent acquisitions fit and operate ahead of budget, with the company also surpassing the £ 15.1bn asset milestone total customers.

According to a trade update for the six months to November 30, 2021, Mattioli Woods achieved a 42% increase in total client assets from the previous period.

The company also reported revenue of £ 49.9million, up from £ 29.5million.

Managing Director Ian Mattioli said: “The first six months of this fiscal year have seen us gain momentum despite the complexities, economic and political, which have persisted through 2021.

“During the period, we proactively balanced ensuring good financial results for our clients and ensuring the long-term sustainability of our business, and I am pleased to report further significant progress towards our strategic goals. in the medium term, with total customer assets now of £ 15.1 billion. “

Regarding the performance of recent acquisitions, Mattioli added: “During the reporting period, we were pleased to announce the completion of our two largest acquisitions to date, Maven Capital Partners and Ludlow Wealth Management. Both companies are negotiating ahead of their budget and have made a positive contribution to the Group’s results, building on our track record of over 30 successful acquisitions.

“Within Maven, we are developing a number of cross-selling revenue synergy opportunities that are already shared with eligible Mattioli Woods and Maven customers, and we plan to bring new opportunities in the near future.

“Maven also paid a number of performance fees ahead of budget, which further strengthens the rationale for the acquisition. Our Ludlow team is already committed with our discretionary managed investment services, as well as achieving expected cost synergies.

“We anticipate further consolidation in the wealth management, pension administration, asset management and financial planning sectors, with many more opportunities to come into the market.”

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Budget broker Stake traps 54,000 ASX traders https://taiyo-33.com/budget-broker-stake-traps-54000-asx-traders/ Thu, 06 Jan 2022 23:59:00 +0000 https://taiyo-33.com/budget-broker-stake-traps-54000-asx-traders/ “It’s amazing the adoption was crazy,” said Leibowitz. “We obviously had an existing base to work with, but a large percentage are actually new clients who only trade Australian stocks.” The Stake push into ASX trading is the latest salute in a price war first launched by new breed neo-brokers SelfWealth and Superhero in an […]]]>

“It’s amazing the adoption was crazy,” said Leibowitz. “We obviously had an existing base to work with, but a large percentage are actually new clients who only trade Australian stocks.”

The Stake push into ASX trading is the latest salute in a price war first launched by new breed neo-brokers SelfWealth and Superhero in an attempt to grab market share from the retail brokerage arms of the four big banks.

Sydney-based Superhero currently charges $ 5 per transaction, while SelfWealth charges $ 9.50 per transaction. Fees start at $ 14.95 at Nabtrade and $ 19.95 at Commsec, Westpac and ANZ for transactions over $ 1,000.

Two of the five most traded ASX stocks on the Stake app are lithium and electric battery hopefuls Vulcan Resources and Novonix. The darlings of retail investors claim a combined market cap of $ 6.1 billion on earnings of $ 1.6 million between them in the September quarter.

Mr. Leibowitz stated that every Stake customer trading ASX is fully sponsored by CHESS and is assigned their own Holder Identification Number (HIN) by ASX as a Stake customer. According to Mr. Leibowitz, about half of his ASX customers are new registrations, the difference being existing customers who have opened an ASX account in addition to a US account.

“We’re really trying to redo the way the brokerage is done, we don’t need to charge a high fee because of the scale we have,” he said.

Rival app Superhero is expected to have its own run on ASX boards in 2022, though Mr Leibowitz scoffed at speculation that Stake might also seek to go public. “It’s not on the radar right now,” he said.

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Avis Budget stock rebounds after analyst says investors can stop selling after recent price drop https://taiyo-33.com/avis-budget-stock-rebounds-after-analyst-says-investors-can-stop-selling-after-recent-price-drop/ Thu, 06 Jan 2022 17:27:00 +0000 https://taiyo-33.com/avis-budget-stock-rebounds-after-analyst-says-investors-can-stop-selling-after-recent-price-drop/ Avis Budget Group Inc. shares rallied on Thursday, after Deutsche Bank analyst Chris Woronka said the stock had fallen enough in the past two months to no longer recommend investors to sell. . The CAR stock of the car rental company, + 3.72% jumped 4.4% at midday. On Wednesday it had fallen 3.8% to close […]]]>

Avis Budget Group Inc. shares rallied on Thursday, after Deutsche Bank analyst Chris Woronka said the stock had fallen enough in the past two months to no longer recommend investors to sell. .

The CAR stock of the car rental company,
+ 3.72%
jumped 4.4% at midday. On Wednesday it had fallen 3.8% to close at the lowest price since November 1, the day before the stock skyrocketed 108.3% to a record close of $ 357.17 during a rally inspired by memes after the third quarter results.

Do not miss: Stocks don’t get more Meme than Avis.

Deutsche Bank’s Woronka upgraded its rating on Avis to keep it, after cutting it to sell after the November 2 close. He kept his target for the stock price at $ 210, which implies an increase of about 3% from current levels.

Woronka said that when he downgraded Avis two months ago, he was constructive about the fundamentals of the rental car industry, but said certain trading dynamics had pushed valuations to new heights. “Unreasonable”.

“However, based on Wednesday’s closing price, we consider the risk / reward ratio to be considerably more balanced than it was on November 2,” Woronka wrote. “In the absence of compelling reasons to lower our target multiple or our estimates, we simply believe that the most appropriate course of action is to change our rating from sell to hold, and we have done so.”

Wednesday’s closing price of $ 194.90 was 45.4% lower than the November 2 close.

Although Avis shares are trading at a higher valuation compared to shares in rival Hertz Global Holdings Inc. HTZ,
-1.90%,
Woronka said this reflects more of Hertz’s undervaluation. He reiterated his buy rating on Hertz and his stock price target of $ 34, which involved an increase of about 46%.

FactSet, MarketWatch

Despite the recent pullback, Avis shares have risen a further 162.0% in the past six months, while Hertz stock has soared to 7.4% and the S&P 500 SPX index,
+ 0.05%
gained 8.4%.

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Boeing Secures Aircraft Order From US Budget Carrier Allegiant | Nevada News https://taiyo-33.com/boeing-secures-aircraft-order-from-us-budget-carrier-allegiant-nevada-news/ Wed, 05 Jan 2022 20:02:00 +0000 https://taiyo-33.com/boeing-secures-aircraft-order-from-us-budget-carrier-allegiant-nevada-news/ LAS VEGAS (AP) – Allegiant Air on Wednesday said it would buy 50 Boeing 737 Maxs and take options for 50 more, giving Chicago-based Boeing a significant place in the low-cost airline’s all-Airbus fleet . Financial terms were not disclosed. The 737 Max 7 and Max 8 models selected by the Allegiant list for $ […]]]>

LAS VEGAS (AP) – Allegiant Air on Wednesday said it would buy 50 Boeing 737 Maxs and take options for 50 more, giving Chicago-based Boeing a significant place in the low-cost airline’s all-Airbus fleet .

Financial terms were not disclosed. The 737 Max 7 and Max 8 models selected by the Allegiant list for $ 99.7 million and $ 121.6 million each, but airlines regularly get big discounts.

Allegiant has said it will take delivery of the planes from 2023 to 2025.

Maurice Gallagher, CEO and chairman of parent company Allegiant Travel Co., said the Las Vegas-based company will continue to buy used planes, but the deal with Boeing gives it the ability to increase capacity. passenger transport and to withdraw older aircraft.

Boeing said the new jets will use 20 percent less fuel than Allegiant’s current fleet, which includes 44 Airbus A320s and 31 slightly smaller Airbus A319s, according to the airline’s website.

Political cartoons

Allegiant previously used McDonnell Douglas MD-80 planes, which Boeing bought in 1999. The airline retired the last of those planes and switched to an all-Airbus fleet in 2018.

Allegiant shares lost more than 8% in afternoon trading.

Copyright 2022 The Associated press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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Budget 2022: is the PVR ready for a rally ahead of budget? History suggests it! https://taiyo-33.com/budget-2022-is-the-pvr-ready-for-a-rally-ahead-of-budget-history-suggests-it/ Wed, 05 Jan 2022 09:16:12 +0000 https://taiyo-33.com/budget-2022-is-the-pvr-ready-for-a-rally-ahead-of-budget-history-suggests-it/ zeenews.india.com understands that your privacy is important to you and we are committed to being transparent about the technologies we use. This Cookie Policy explains how and why cookies and other similar technologies may be stored on and accessed on your device when you use or visit zeenews.india.com websites that link to this policy (collectively, […]]]>

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Avis Budget Group (CAR) wins as the market goes down: what you need to know https://taiyo-33.com/avis-budget-group-car-wins-as-the-market-goes-down-what-you-need-to-know/ Tue, 04 Jan 2022 22:50:20 +0000 https://taiyo-33.com/avis-budget-group-car-wins-as-the-market-goes-down-what-you-need-to-know/ AVis Budget Group (CAR) closed at $ 202.53 on the last trading session, marking a rise of 0.15% from the previous day. This change exceeded the 0.06% loss of the S&P 500 that day. Elsewhere, the Dow Jones gained 0.59%, while the tech-rich Nasdaq lost 0.3%. Prior to today, the car rental company’s shares had […]]]>

AVis Budget Group (CAR) closed at $ 202.53 on the last trading session, marking a rise of 0.15% from the previous day. This change exceeded the 0.06% loss of the S&P 500 that day. Elsewhere, the Dow Jones gained 0.59%, while the tech-rich Nasdaq lost 0.3%.

Prior to today, the car rental company’s shares had lost 23.78% in the past month, behind the 8.62% loss in the business services sector and the 5.76% gain in the S&P. 500 during this period.

Investors are hoping for a strength from Avis Budget Group as the next publication of its results approaches. In the report, analysts expect Avis Budget Group to post earnings of $ 5.87 per share. That would mark year-over-year growth of 1,730.56%. Our most recent consensus estimate projects quarterly revenue of $ 2.46 billion, up 81.92% from the previous year.

It’s also important to note the recent changes to analyst estimates for Avis Budget Group. These revisions help show the ever-changing nature of short-term business trends. With this in mind, we can take positive estimate revisions as a sign of optimism about the company’s business prospects.

Based on our research, we believe these estimate revisions are directly related to stock movements close to the team. To benefit from this, we have developed the Zacks Rank, a proprietary model that takes these rating changes into account and provides an actionable rating system.

Ranging from # 1 (strong buy) to # 5 (strong sell), the Zacks ranking system has a proven and externally verified outperformance history, with # 1 stocks returning an average of + 25% per year since. 1988. In the past 30 days, our consensus projection of BPA has remained stagnant. Avis Budget Group currently has a Zacks # 1 (strong buy) ranking.

In terms of valuation, Avis Budget Group is currently trading at a forward P / E ratio of 10.12. This represents a discount to its industry’s average forward P / E of 17.51.

Additionally, it should be mentioned that CAR has a PEG ratio of 0.54. This popular metric is similar to the well-known P / E ratio, except that the PEG ratio also takes into account the expected rate of earnings growth of the company. The CAR industry had an average PEG ratio of 0.68 at yesterday’s close.

The Business – Services segment is part of the Business Services segment. This industry currently has a Zacks Industry Rank of 119, which places it in the top 47% of all 250+ industries.

The Zacks Industry Rankings assesses the strength of our individual industry groups by measuring the average Zacks rank of individual stocks within groups. Our research shows that the top 50% of industries top the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and more, at Zacks.com.

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Avis Budget Group, Inc. (CAR): Free Inventory Analysis Report

To read this article on Zacks.com, click here.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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