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The alternative minimum tax (AMT) is a tax imposed by the United States federal government in addition to the regular income tax for certain individuals, estates, and trusts. As of tax year 2018, the AMT raises about $5.2 billion, or 0.4% of all federal income tax revenue, affecting 0.1% of taxpayers, mostly in the upper income ranges. [1] [2]
Trinidad and Tobago, officially the Republic of Trinidad and Tobago, is a twin island country situated off the northern edge of the South American mainland, 11 kilometres (6.8 miles) off the coast of northeastern Venezuela and 130 kilometres (81 miles) south of Grenada. Trinidad and Tobago is one of the wealthiest and most developed nations in ...
The AMT is typically triggered by tax filers whose income exceeds the annual AMT exemption for that year. For tax year 2021 (which you file in 2022), the exemption is $73,000 for single ...
For example, most countries tax partners of a partnership, rather than the partnership itself, on income of the partnership. [179] A common feature of income taxation is imposition of a levy on certain enterprises in certain forms followed by an additional levy on owners of the enterprise upon distribution of such income.
The head of the ministry is the Minister of Finance and is appointed by the President of Trinidad and Tobago on the advice of the Prime Minister. The incumbent, Mr. Colm Imbert, assumed office on September 11, 2015, and succeeded Mr. Larry Howai following the Trinidad and Tobago general election, 2015.
Trinidad and Tobago has been involved in the petroleum sector for over one hundred years. There has been considerable oil and gas production on land and in shallow water, with cumulative production totaling over three billion barrels of oil. Trinidad and Tobago is the largest oil and natural gas producer in the Caribbean.
Couva is a town in west-central Trinidad, south of Port of Spain and Chaguanas and north of San Fernando and Point Fortin. It is the capital and main urban centre of Couva–Tabaquite–Talparo, and the Greater Couva area includes the Point Lisas industrial estate and the port of Point Lisas. It is one of the fastest-growing towns in the country.
International Military Education and Training (IMET) and Foreign Military Financing (FMF) programs were suspended in 2003 under the terms of the American Service-Members' Protection Act (ASPA), because Trinidad and Tobago, a member of the International Criminal Court, had not concluded a bilateral non-surrender or "Article 98" agreement with the United States.