1, 2017, Aramco's royalties have been “calculated based on a progressive scheme” linked to oil prices, according to the information seen by Bloomberg. The new system has a marginal rate of 20 percent of revenue for oil prices up to $70 a barrel, 40 percent between $70 and $100, and 50 percent when
See Original Article

To win parliamentary elections last weekend, Hungary's ruling party, Fidesz, ran a single-issue campaign against immigrants. That may seem strange in a country with one of the lowest shares of foreign-born population in the developed world and a fertility rate below even the abysmal European
See Original Article

The Internal Revenue Service updated Friday the tax year 2018 annual inflation adjustments to reflect changes from the recent tax reform law. The tax year 2018 adjustments are generally used on tax returns filed in 2019. The tax items affected by the Tax Cuts and Jobs Act for tax year 2018 that would
See Original Article

Fed Proposes Capital Rule Change to Soften Impact of New Accounting Standards … In June 2016, the Financial Accounting Standards Board issued a new accounting standard for credit losses which is effective for some firms as early as January 2019 and is expected to dent firms' balance sheets.
See Original Article

Learn about Tech At Bloomberg. Join LinkedIn today for free. See who you know at Tech At Bloomberg, leverage your professional network, and get hired.
See Original Article