Tax Holidays
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MeitY Proposes 20-Year Tax Holiday for Data Centres to Boost Investment: Report
India’s draft National Data Centre Policy 2025 reportedly proposes tax exemptions of up to 20 years for developers meeting targets on capacity, efficiency, and jobs. The incentives, offered as GST input tax credit on capital assets, aim to boost investment in data centres. The move comes as OpenAI and others plan large-scale projects, aligning wi...
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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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Trump To Sign "Big, Beautiful Bill" During US Independence Day Celebration
US President Donald Trump will sign his flagship tax and spending bill Friday in a pomp-laden Independence Day ceremony featuring fireworks and a flypast by the type of stealth bomber that bombed Iran.
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"Am I Dying?": Bengaluru Employee Working 16 Hours A Day Claims He Has Gained 24 kg
Many advised the employee to quit his job and take a break, while others urged him to prioritise his health above all else.
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Coyote vs. Acme May Get New Distributor After Warner Bros. Shelves Project, Amazon Said to Be Prime Candidate
Warner Bros. will now allow Coyote vs. Acme to be shopped to other studios, following backlash from filmmakers. The live-action-animation hybrid film was originally planned as an HBO Max release and last weekend, the studio decided to shelf it as a tax write-off. Principle photography on the $72 million movie was complete, and now it will see the l...
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Rishi Sunaks Rival Liz Truss Taking "Holiday From Reality": UK Lawmaker
Senior UK Conservative lawmaker Michael Gove on Saturday accused party leadership contender Liz Truss of taking a "holiday from reality" with her plans to cut taxes amid a cost-of-living crisis.
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British Woman Wins Long Legal Battle Against Australia's "Backpacker Tax"
A British woman on Wednesday won a lengthy legal fight against Australia's "backpacker tax", after the country's top court agreed the levy discriminated against foreigners on working holiday visas.
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Budget 2021: Tax Holiday for Startups Extended by 1 Year Till March 31, 2022
Finance Minister Nirmala Sitharaman presenting the Budget 2021 announced that tax holidays for startups will be extended by 1 year till March 31, 2022. The capital gains exemption given to startups will also be extended by another year.
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Russia Offers Week-Long Holiday In Social Package To Combat Coronavirus
Russian President Vladimir Putin on Wednesday proposed various unconventional emergency social measures to support families and businesses amid the global coronavirus outbreak, such as a week-long holiday for workers and higher taxes on dividends.
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Pak Gives 23-Year Tax Exemption To Chinese Firm In Gwadar: Report
Pakistan has granted a 23-year income tax holiday, exemptions of sales tax and customs duties to the Chinese operators of the strategic Gwadar Port and its free zone as the two countries stepped up their efforts to build the China-Pakistan Economic Corridor, according to a media report on Wednesday.
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Rahul Gandhi Promises Three-Year Tax Holiday For Entrepreneurs
Slamming the "hollow" promises of the NDA government, Congress president Rahul Gandhi on Sunday said his party, if elected to power, would allow anyone to start a business without permits or clearances and offer a tax holiday for the first three years.
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Medical Technology Association Wants Tax Holidays For Research Centres
"We also demand tax incentives for the industry for developing global patents from India," said MTaI.
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$156 Million 'Project Insight' Being Launched. How It Affects Your Taxes
A photo of your shiny new car on Instagram or the Facebook post about your chic holiday cottage may lead the taxman to your door.
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Government Said to Offer Apple Tax Concessions to Expand Production in India
India has offered to allow Apple to import mobile handset components intended for use in local manufacturing tax free, a top government official said on Tuesday.
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Shaking Up Elections, Corporate Tax: What India's 3-Year Plan Looks Like
Any talk of taxing farm incomes turned out to be a political hot potato but NITI Aayog's three-year action agenda - discussed between Prime Minister Narendra Modi and the Chief Ministers last week - has set out several ambitious goals.
-
MeitY Proposes 20-Year Tax Holiday for Data Centres to Boost Investment: Report
India’s draft National Data Centre Policy 2025 reportedly proposes tax exemptions of up to 20 years for developers meeting targets on capacity, efficiency, and jobs. The incentives, offered as GST input tax credit on capital assets, aim to boost investment in data centres. The move comes as OpenAI and others plan large-scale projects, aligning wi...
-
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.
-
Trump To Sign "Big, Beautiful Bill" During US Independence Day Celebration
US President Donald Trump will sign his flagship tax and spending bill Friday in a pomp-laden Independence Day ceremony featuring fireworks and a flypast by the type of stealth bomber that bombed Iran.
-
"Am I Dying?": Bengaluru Employee Working 16 Hours A Day Claims He Has Gained 24 kg
Many advised the employee to quit his job and take a break, while others urged him to prioritise his health above all else.
-
Coyote vs. Acme May Get New Distributor After Warner Bros. Shelves Project, Amazon Said to Be Prime Candidate
Warner Bros. will now allow Coyote vs. Acme to be shopped to other studios, following backlash from filmmakers. The live-action-animation hybrid film was originally planned as an HBO Max release and last weekend, the studio decided to shelf it as a tax write-off. Principle photography on the $72 million movie was complete, and now it will see the l...
-
Rishi Sunaks Rival Liz Truss Taking "Holiday From Reality": UK Lawmaker
Senior UK Conservative lawmaker Michael Gove on Saturday accused party leadership contender Liz Truss of taking a "holiday from reality" with her plans to cut taxes amid a cost-of-living crisis.
-
British Woman Wins Long Legal Battle Against Australia's "Backpacker Tax"
A British woman on Wednesday won a lengthy legal fight against Australia's "backpacker tax", after the country's top court agreed the levy discriminated against foreigners on working holiday visas.
-
Budget 2021: Tax Holiday for Startups Extended by 1 Year Till March 31, 2022
Finance Minister Nirmala Sitharaman presenting the Budget 2021 announced that tax holidays for startups will be extended by 1 year till March 31, 2022. The capital gains exemption given to startups will also be extended by another year.
-
Russia Offers Week-Long Holiday In Social Package To Combat Coronavirus
Russian President Vladimir Putin on Wednesday proposed various unconventional emergency social measures to support families and businesses amid the global coronavirus outbreak, such as a week-long holiday for workers and higher taxes on dividends.
-
Pak Gives 23-Year Tax Exemption To Chinese Firm In Gwadar: Report
Pakistan has granted a 23-year income tax holiday, exemptions of sales tax and customs duties to the Chinese operators of the strategic Gwadar Port and its free zone as the two countries stepped up their efforts to build the China-Pakistan Economic Corridor, according to a media report on Wednesday.
-
Rahul Gandhi Promises Three-Year Tax Holiday For Entrepreneurs
Slamming the "hollow" promises of the NDA government, Congress president Rahul Gandhi on Sunday said his party, if elected to power, would allow anyone to start a business without permits or clearances and offer a tax holiday for the first three years.
-
Medical Technology Association Wants Tax Holidays For Research Centres
"We also demand tax incentives for the industry for developing global patents from India," said MTaI.
-
$156 Million 'Project Insight' Being Launched. How It Affects Your Taxes
A photo of your shiny new car on Instagram or the Facebook post about your chic holiday cottage may lead the taxman to your door.
-
Government Said to Offer Apple Tax Concessions to Expand Production in India
India has offered to allow Apple to import mobile handset components intended for use in local manufacturing tax free, a top government official said on Tuesday.
-
Shaking Up Elections, Corporate Tax: What India's 3-Year Plan Looks Like
Any talk of taxing farm incomes turned out to be a political hot potato but NITI Aayog's three-year action agenda - discussed between Prime Minister Narendra Modi and the Chief Ministers last week - has set out several ambitious goals.
