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Similarly, the remedy of stamp obligation is not going to be altered significantly. The IRC has accepted that PDIs might be handled as a cross by way of association for income tax functions. This implies Business News that PDI holders shall be taxed on any dividend distributions they receive on PDIs as if they have been shareholders receiving the company dividends immediately, subject to overseas withholding tax.

  • After a yr of basking in world fame, the San Francisco firm OpenAI is now confronting a multitude of challenges that might threaten its position on the vanguard of artificial intelligence research.
  • Mezovest, a commerce solution firm in Nigeria, and the Nigerian National Petroleum Company Limited are planning to collaborate in…
  • Nvidia’s meteoric rise within the inventory market, propelling the S&P 500 to new heights, echoes cautionary tales like Tesla’s.
  • Minister Maru mentioned this lately through the announcement by the Tourism Promotion Authority to support the WIBF with the gold sponsorship of K250, 000.