Mineral Tax
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Inside The Mine That Fuels Tech World, Funds Congo's rebels
Under the watchful eye of M23 rebels in the hills around the Congolese town of Rubaya, a line of men in rubber boots ferry sacks full of crushed rocks up winding paths cut into the slopes.
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IMF Says Crypto Industry's Carbon Footprint Rising; Officials Mull Tax Surge to Curb Emissions
IMF officials have raised concerns about the crypto sector's carbon emissions and are considering whether a tax increase on crypto mining could help reduce its carbon footprint. In a blog post, the officials suggested that an 85 percent tax hike on power usage by crypto miners could potentially cut the sector's annual emissions by an estimated 100 ...
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Big Win For Mineral Rich States In Court, Can Collect Past Dues On Royalty
The Supreme Court today allowed mining-rich states to collect past dues on royalties from mining companies. The court ordered that states can impose levies with effect from April 1, 2005 and the payments will be staggered in 12 years.
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"Breakdown Of Federal System...": Judge's Dissenting Verdict On Mineral Tax
In a dissenting verdict, Supreme Court judge Justice BV Nagarathna on Thursday said if the power to levy taxes on mineral resources are given to the states, there would be "breakdown of the federal system" as they would compete among themselves.
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In 8:1 Verdict, Supreme Court Upholds States' Rights On Mineral Tax Royalty
The Supreme Court on Thursday upheld states' right to levy royalty on mineral-bearing land, reasoning they had competence and power to do so; this will benefit mineral-rich states like Odisha, Jharkhand, Bengal, Chhattisgarh, Madhya Pradesh.
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"Why By Inference?" Supreme Court To Centre On Tax On Minerals
The Supreme Court on Tuesday asked the Centre as to why the statute does not say in clearer terms that only Parliament has the power to impose tax on minerals and states are denuded of authority to levy such exaction.
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Can Parliament Impose Tax On Mineral Rights? What Supreme Court Said
The Constitution vests the power to impose a tax on mineral rights not in Parliament but in states, the Supreme Court told the Centre on Thursday, underlining that such authority should not be diluted.
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"Taxes Paid": Kerala Government On Firm Owned By Chief Minister's Daughter
The Kerala government has made it clear that the IT firm owned by Chief Minister Pinarayi Vijayan's daughter had duly paid the required Integrated Goods and Services Tax (IGST) for her business transactions with a Kochi-based minerals company.
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US Scraps Excise Tax Proposal on Bitcoin Mining After Biden Refuses to Slash Crypto Taxes
Earlier this month, the US’ Council of Economic Advisors (CEA) floated a proposal to have Bitcoin miners pay a tax equal to 30 percent of the total energy cost that they consumed in the crypto mining process. The proposal has been scrapped by the US. The decision to pull the plug on this proposal could be part of a bunch of tax-related rebates in...
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US Government May Impose Disciplinary 30 Percent Taxes on Crypto Miners: Details
The US is mulling on imposing a punitive tax on companies and individuals indulging in crypto mining in the country. Soon, the US could ask crypto miners to pay a tax equal to 30 percent of the total energy cost that they consume in mining cryptocurrencies.
-
Inside The Mine That Fuels Tech World, Funds Congo's rebels
Under the watchful eye of M23 rebels in the hills around the Congolese town of Rubaya, a line of men in rubber boots ferry sacks full of crushed rocks up winding paths cut into the slopes.
-
IMF Says Crypto Industry's Carbon Footprint Rising; Officials Mull Tax Surge to Curb Emissions
IMF officials have raised concerns about the crypto sector's carbon emissions and are considering whether a tax increase on crypto mining could help reduce its carbon footprint. In a blog post, the officials suggested that an 85 percent tax hike on power usage by crypto miners could potentially cut the sector's annual emissions by an estimated 100 ...
-
Big Win For Mineral Rich States In Court, Can Collect Past Dues On Royalty
The Supreme Court today allowed mining-rich states to collect past dues on royalties from mining companies. The court ordered that states can impose levies with effect from April 1, 2005 and the payments will be staggered in 12 years.
-
"Breakdown Of Federal System...": Judge's Dissenting Verdict On Mineral Tax
In a dissenting verdict, Supreme Court judge Justice BV Nagarathna on Thursday said if the power to levy taxes on mineral resources are given to the states, there would be "breakdown of the federal system" as they would compete among themselves.
-
In 8:1 Verdict, Supreme Court Upholds States' Rights On Mineral Tax Royalty
The Supreme Court on Thursday upheld states' right to levy royalty on mineral-bearing land, reasoning they had competence and power to do so; this will benefit mineral-rich states like Odisha, Jharkhand, Bengal, Chhattisgarh, Madhya Pradesh.
-
"Why By Inference?" Supreme Court To Centre On Tax On Minerals
The Supreme Court on Tuesday asked the Centre as to why the statute does not say in clearer terms that only Parliament has the power to impose tax on minerals and states are denuded of authority to levy such exaction.
-
Can Parliament Impose Tax On Mineral Rights? What Supreme Court Said
The Constitution vests the power to impose a tax on mineral rights not in Parliament but in states, the Supreme Court told the Centre on Thursday, underlining that such authority should not be diluted.
-
"Taxes Paid": Kerala Government On Firm Owned By Chief Minister's Daughter
The Kerala government has made it clear that the IT firm owned by Chief Minister Pinarayi Vijayan's daughter had duly paid the required Integrated Goods and Services Tax (IGST) for her business transactions with a Kochi-based minerals company.
-
US Scraps Excise Tax Proposal on Bitcoin Mining After Biden Refuses to Slash Crypto Taxes
Earlier this month, the US’ Council of Economic Advisors (CEA) floated a proposal to have Bitcoin miners pay a tax equal to 30 percent of the total energy cost that they consumed in the crypto mining process. The proposal has been scrapped by the US. The decision to pull the plug on this proposal could be part of a bunch of tax-related rebates in...
-
US Government May Impose Disciplinary 30 Percent Taxes on Crypto Miners: Details
The US is mulling on imposing a punitive tax on companies and individuals indulging in crypto mining in the country. Soon, the US could ask crypto miners to pay a tax equal to 30 percent of the total energy cost that they consume in mining cryptocurrencies.
