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Trump Signs Flagship "Big Beautiful Bill" Into Law
U.S. President Donald Trump signed into law a massive package of tax and spending cuts at the White House on Friday, staging an outdoor ceremony on the Fourth of July holiday that took on the air of a Trump political rally.
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US House Sets Make-Or-Break Final Vote On Trump Tax Bill Soon
US lawmakers teed up a final vote on Donald Trump's marquee tax and spending bill for early Thursday after a bruising day of Republican infighting that threatened to derail the centerpiece of the president's domestic agenda.
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"Billion People Backing You": Why China Is Supporting Musk Amid Feud With Trump
A few hours after the Senate passed the bill on Wednesday, the hashtag #MuskWantsToBuildAnAmericaParty went viral on Weibo, a Chinese social media platform and has received more than 37 million views.
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US Senate Approves Trump's Divisive "One Big Beautiful Bill"
The Republican-led US Senate approved Donald Trump's flagship spending bill Tuesday after a marathon voting session on the deeply unpopular package, set to slash social welfare programs and add an eye-watering $3 trillion to the national debt.
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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 President Joe Biden Calls Proposal to Reduce Crypto Tax ‘Unacceptable’ Amid Debt Pressure: Report
US President Joe Biden has outrightly denied even mulling over the proposal for the US to reconsider the tax it has levied on crypto activities. The US levies 10 percent to 37 percent tax on short-term capital gains and crypto income whereas long term capital gains are taxed between zero percent to 20 percent.
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Finance Bill Cleared In Lok Sabha With Tax Amendment On Debt Fund Gains
Lok Sabha today passed the Finance Bill 2023 with 64 official amendments, including the one that seeks withdrawal of long-term tax benefits on certain categories of debt mutual funds and another for setting up the GST Appelate Tribunal.
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UK Finance Minister Devises "Credible Plan" To Reduce Debt
Britain's under-fire finance minister Kwasi Kwarteng has promised to unveil "a credible plan" to lower government debt as he defended his contentious mini-budget that led to market turmoil.
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"Punjab Most Indebted State, Borrowing Not The Way Forward": Navjot Sidhu
Congress leader Navjot Singh Sidhu on Monday called Punjab as the most indebted state in the country, stressing that taxes should not settle debt but go back to the people in the shape of development.
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Budget Aiming To Revive Economy Despite Limited Fiscal Headroom
The finance minister is likely to announce measures including a hike in infrastructure spending and tax cuts to boost the pandemic-hit economy when she presents the annual budget later on Monday, while deferring debt cut plans.
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Audi’s Assembly Plant In Mexico Remains Open; Denies Any Dispute Over Unpaid Bills
The municipal authorities of San Jose Chiapa, where the Audi plant lies are reportedly seeking around 90 million pesos which are approximately $4.26 million from Audi.
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Jobs, Not Tax Rises, The Priority For Now, UK's Rishi Sunak Says
Britain will prioritise trying to save jobs over tax rises while the COVID-19 pandemic batters the economy, though record borrowing and a $2.6 trillion debt pile cannot be sustained for ever, finance minister Rishi Sunak said on Tuesday.
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Trump Says He Paid Millions In Taxes, Plays Down Concerns About Debt
US President Donald Trump said on Monday he paid "many millions of dollars in taxes" but was entitled to depreciation and tax credits and also said he was under-leveraged, having more assets than debt.
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21 States Choose Centre's "Borrow" Option As Way Out Of GST Dues Row
Twenty-one states have given their borrowing option proposed by the goods and services tax council to meet shortfall in compensation from the centre amid the coronavirus pandemic, sources have said. These 21 states went with "option 1", which allows them to borrow the tax collection shortfall due to the switch to the GST, estimated at Rs 97,000 cro...
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Madhya Pradesh To Pay Income Tax On Chief Minister, Council's Salaries
The Madhya Pradesh government will pay for the income tax on the salaries of serving chief ministers and the council of ministers, despite being under heavy debt and seeing its finances strained by the coronavirus pandemic
-
Trump Signs Flagship "Big Beautiful Bill" Into Law
U.S. President Donald Trump signed into law a massive package of tax and spending cuts at the White House on Friday, staging an outdoor ceremony on the Fourth of July holiday that took on the air of a Trump political rally.
-
US House Sets Make-Or-Break Final Vote On Trump Tax Bill Soon
US lawmakers teed up a final vote on Donald Trump's marquee tax and spending bill for early Thursday after a bruising day of Republican infighting that threatened to derail the centerpiece of the president's domestic agenda.
-
"Billion People Backing You": Why China Is Supporting Musk Amid Feud With Trump
A few hours after the Senate passed the bill on Wednesday, the hashtag #MuskWantsToBuildAnAmericaParty went viral on Weibo, a Chinese social media platform and has received more than 37 million views.
-
US Senate Approves Trump's Divisive "One Big Beautiful Bill"
The Republican-led US Senate approved Donald Trump's flagship spending bill Tuesday after a marathon voting session on the deeply unpopular package, set to slash social welfare programs and add an eye-watering $3 trillion to the national debt.
-
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 President Joe Biden Calls Proposal to Reduce Crypto Tax ‘Unacceptable’ Amid Debt Pressure: Report
US President Joe Biden has outrightly denied even mulling over the proposal for the US to reconsider the tax it has levied on crypto activities. The US levies 10 percent to 37 percent tax on short-term capital gains and crypto income whereas long term capital gains are taxed between zero percent to 20 percent.
-
Finance Bill Cleared In Lok Sabha With Tax Amendment On Debt Fund Gains
Lok Sabha today passed the Finance Bill 2023 with 64 official amendments, including the one that seeks withdrawal of long-term tax benefits on certain categories of debt mutual funds and another for setting up the GST Appelate Tribunal.
-
UK Finance Minister Devises "Credible Plan" To Reduce Debt
Britain's under-fire finance minister Kwasi Kwarteng has promised to unveil "a credible plan" to lower government debt as he defended his contentious mini-budget that led to market turmoil.
-
"Punjab Most Indebted State, Borrowing Not The Way Forward": Navjot Sidhu
Congress leader Navjot Singh Sidhu on Monday called Punjab as the most indebted state in the country, stressing that taxes should not settle debt but go back to the people in the shape of development.
-
Budget Aiming To Revive Economy Despite Limited Fiscal Headroom
The finance minister is likely to announce measures including a hike in infrastructure spending and tax cuts to boost the pandemic-hit economy when she presents the annual budget later on Monday, while deferring debt cut plans.
-
Audi’s Assembly Plant In Mexico Remains Open; Denies Any Dispute Over Unpaid Bills
The municipal authorities of San Jose Chiapa, where the Audi plant lies are reportedly seeking around 90 million pesos which are approximately $4.26 million from Audi.
-
Jobs, Not Tax Rises, The Priority For Now, UK's Rishi Sunak Says
Britain will prioritise trying to save jobs over tax rises while the COVID-19 pandemic batters the economy, though record borrowing and a $2.6 trillion debt pile cannot be sustained for ever, finance minister Rishi Sunak said on Tuesday.
-
Trump Says He Paid Millions In Taxes, Plays Down Concerns About Debt
US President Donald Trump said on Monday he paid "many millions of dollars in taxes" but was entitled to depreciation and tax credits and also said he was under-leveraged, having more assets than debt.
-
21 States Choose Centre's "Borrow" Option As Way Out Of GST Dues Row
Twenty-one states have given their borrowing option proposed by the goods and services tax council to meet shortfall in compensation from the centre amid the coronavirus pandemic, sources have said. These 21 states went with "option 1", which allows them to borrow the tax collection shortfall due to the switch to the GST, estimated at Rs 97,000 cro...
-
Madhya Pradesh To Pay Income Tax On Chief Minister, Council's Salaries
The Madhya Pradesh government will pay for the income tax on the salaries of serving chief ministers and the council of ministers, despite being under heavy debt and seeing its finances strained by the coronavirus pandemic
