Tax Overhaul
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PM Modi's Tax Overhaul Cuts Levies On Shampoos, Hybrid Cars, And TVs
India plans to cut consumption tax by at least 10 percentage points on nearly 175 products ranging from shampoos and hybrid cars to consumer electronics, said two sources, revealing new details of Prime Minister Narendra Modi's major tax overhaul.
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19 Bills, Including New Income Tax Act, Passed Without Protesting Opposition
Nineteen bills - including two critical proposals, one to overhaul the Income Tax Act of 1961 and another to amend the Constitution to sack ministers facing criminal charges - were passed sans discussion or debate with the opposition.
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Nirmala Sitharaman Likely To Place GST Rate Overhaul Proposal Tomorrow
Finance Minister Nirmala Sitharaman is likely to present the Centre's proposal for rationalising goods and services tax (GST) rates before a Group of Ministers (GoM) at a two-day meeting starting August 20 in the national capital.
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Cars, Mobile Phones, Computers. What May Get Cheaper In New GST System
An overhaul of the Goods and Services Tax, or GST, framework - hailed as "next-generation" by PM Modi in his Independence Day speech ast week - is expected to slash prices of daily-use items by rationalising number of tax slabs.
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New Income Tax Bill Halves Word Count, Eases Compliance: Baijayant Jay Panda
BJP MP and Chairman of the Finance Select Committee, Baijayant Jay Panda said that the newly proposed Income Tax Bill aims to make compliance easier for taxpayers without altering tax policies or rates.
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India Weighs Higher Capital Gains Tax to Curb Inequality: Report
India is preparing an overhaul of its direct tax laws to replace a byzantine matrix of rules and help Prime Minister Narendra Modi reduce income inequality if he returns to power next year, according to people with knowledge of the matter.
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Automakers Struggle to Understand Whether New US Bill Allows EV Tax Credits for Customers
US automakers and dealers are still trying to figure out if the $430 billion (roughly Rs. 34,23,000 crore) climate, health care and tax bill that the US House of Representatives is set to vote on Friday will continue to let them offer $7,500 (roughly Rs. 5,97,000) tax credits to would-be buyers of electric vehicles (EVs).
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G20 Backs Historic Deal To Overhaul The Way Multinational Firms Are Taxed
G20 finance ministers on Saturday gave their backing to a historic deal to overhaul the way multinational companies are taxed, and urged hold-out countries to get on board.
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Biden Tax Rule Would Rip Billions From Big Fortunes At Death
Jeff Bezos has an ex-wife, a girlfriend, four children and billions of reasons to watch whether Joe Biden's tax overhaul wins congressional approval.
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Apple CEO Tim Cook Says Global Corporate Tax System Must Be Overhauled
Everyone knows that the global corporate tax system needs to be overhauled, Apple Chief Executive Tim Cook said on Monday, backing changes to global rules that are currently under consideration.
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Russian Parliament To Review Putin's PM Pick After Shock Overhaul
Russian lawmakers will begin reviewing President Vladimir Putin's nomination of a little-known tax chief as the new prime minister on Thursday after his announcement of a sweeping constitutional shake-up fuelled speculation about his future plans.
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Opinion: Yawning Deficits to World-Beating Growth In PM Modi's 4 Years
Prime Minister Narendra Modi completes four years in office on May 26. He's used the time to give India its biggest tax reform, overhauled a century-old bankruptcy law, revived stalled projects and got the World Bank to say Asia's No. 3 economy is a much better place to do business.
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Trump Signs $1.5 Billion Tax Bill Into Law In Major Legislative Win
U.S. President Donald Trump signed Republicans' massive $1.5 trillion tax overhaul into law on Friday, cementing the biggest legislative victory of his first year in office, and also approved a short-term spending bill that averts a possible government shutdown
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How US Tax Cut Bill Will Impact IT Professionals In Silicon Valley
The US tax overhaul is a boon to Silicon Valley technology companies like Apple Inc and Alphabet Inc, which will enjoy big tax cuts and the chance to bring back billions of dollars from overseas at a reduced rate.
-
US Republicans Release Final Bill On Tax Reform Plan
US Republicans from both houses of Congress have revealed their joint bill for the biggest overhaul of the country's tax system in 30 years.
-
PM Modi's Tax Overhaul Cuts Levies On Shampoos, Hybrid Cars, And TVs
India plans to cut consumption tax by at least 10 percentage points on nearly 175 products ranging from shampoos and hybrid cars to consumer electronics, said two sources, revealing new details of Prime Minister Narendra Modi's major tax overhaul.
-
19 Bills, Including New Income Tax Act, Passed Without Protesting Opposition
Nineteen bills - including two critical proposals, one to overhaul the Income Tax Act of 1961 and another to amend the Constitution to sack ministers facing criminal charges - were passed sans discussion or debate with the opposition.
-
Nirmala Sitharaman Likely To Place GST Rate Overhaul Proposal Tomorrow
Finance Minister Nirmala Sitharaman is likely to present the Centre's proposal for rationalising goods and services tax (GST) rates before a Group of Ministers (GoM) at a two-day meeting starting August 20 in the national capital.
-
Cars, Mobile Phones, Computers. What May Get Cheaper In New GST System
An overhaul of the Goods and Services Tax, or GST, framework - hailed as "next-generation" by PM Modi in his Independence Day speech ast week - is expected to slash prices of daily-use items by rationalising number of tax slabs.
-
New Income Tax Bill Halves Word Count, Eases Compliance: Baijayant Jay Panda
BJP MP and Chairman of the Finance Select Committee, Baijayant Jay Panda said that the newly proposed Income Tax Bill aims to make compliance easier for taxpayers without altering tax policies or rates.
-
India Weighs Higher Capital Gains Tax to Curb Inequality: Report
India is preparing an overhaul of its direct tax laws to replace a byzantine matrix of rules and help Prime Minister Narendra Modi reduce income inequality if he returns to power next year, according to people with knowledge of the matter.
-
Automakers Struggle to Understand Whether New US Bill Allows EV Tax Credits for Customers
US automakers and dealers are still trying to figure out if the $430 billion (roughly Rs. 34,23,000 crore) climate, health care and tax bill that the US House of Representatives is set to vote on Friday will continue to let them offer $7,500 (roughly Rs. 5,97,000) tax credits to would-be buyers of electric vehicles (EVs).
-
G20 Backs Historic Deal To Overhaul The Way Multinational Firms Are Taxed
G20 finance ministers on Saturday gave their backing to a historic deal to overhaul the way multinational companies are taxed, and urged hold-out countries to get on board.
-
Biden Tax Rule Would Rip Billions From Big Fortunes At Death
Jeff Bezos has an ex-wife, a girlfriend, four children and billions of reasons to watch whether Joe Biden's tax overhaul wins congressional approval.
-
Apple CEO Tim Cook Says Global Corporate Tax System Must Be Overhauled
Everyone knows that the global corporate tax system needs to be overhauled, Apple Chief Executive Tim Cook said on Monday, backing changes to global rules that are currently under consideration.
-
Russian Parliament To Review Putin's PM Pick After Shock Overhaul
Russian lawmakers will begin reviewing President Vladimir Putin's nomination of a little-known tax chief as the new prime minister on Thursday after his announcement of a sweeping constitutional shake-up fuelled speculation about his future plans.
-
Opinion: Yawning Deficits to World-Beating Growth In PM Modi's 4 Years
Prime Minister Narendra Modi completes four years in office on May 26. He's used the time to give India its biggest tax reform, overhauled a century-old bankruptcy law, revived stalled projects and got the World Bank to say Asia's No. 3 economy is a much better place to do business.
-
Trump Signs $1.5 Billion Tax Bill Into Law In Major Legislative Win
U.S. President Donald Trump signed Republicans' massive $1.5 trillion tax overhaul into law on Friday, cementing the biggest legislative victory of his first year in office, and also approved a short-term spending bill that averts a possible government shutdown
-
How US Tax Cut Bill Will Impact IT Professionals In Silicon Valley
The US tax overhaul is a boon to Silicon Valley technology companies like Apple Inc and Alphabet Inc, which will enjoy big tax cuts and the chance to bring back billions of dollars from overseas at a reduced rate.
-
US Republicans Release Final Bill On Tax Reform Plan
US Republicans from both houses of Congress have revealed their joint bill for the biggest overhaul of the country's tax system in 30 years.
