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France's Richest Man Slams Proposed Weath Tax As 'Assault On French Economy'
Bernard Arnault, the boss of luxury goods group LVMH and France's richest man, has attacked a proposed 2% tax on billionaires as an assault on France's economy and denounced the plan's architect as a far-left ideologue.
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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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India's IT Sector Nervous As US Proposes 25% Outsourcing Tax
A US Republican Senator has introduced the HIRE Act, which proposes taxing companies that hire foreign workers over Americans.
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GST Revamp: What's Cheaper, Costlier? See Full List Here
New GST Slabs: The Goods and Services Tax (GST) Council on Wednesday approved a complete overhaul of India's tax consumption tax since its launch in 2017.
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"Does Congress Want Tobacco Taxed At 5%?" Nirmala Sitharaman On 40% GST Question
Finance Minister Nirmala Sitharaman on Wednesday announced a sweeping reduction in Goods and Services Tax (GST) rates on a wide range of essential items, automobiles, agriculture inputs, and electronic appliances.
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Keep 2, Eliminate 2. Rationale Behind Proposed New GST Rates Explained
Rationalisation of the GST framework - a process that began this morning with Finance Minister Nirmala Sitharaman chairing a GST Council meet - is based on sharp differences in revenue collected under each of the existing four slabs.
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GST Council Meeting: What May Get Cheaper Or Cost More Under New Slabs
High hopes ride on the 56th GST Council meeting as it takes up proposals to simplify slabs and slash rates on key goods and services.
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Tax Panel Plans Steep Levies On Luxury Electric Cars In Blow For Tesla, BMW
A tax panel has proposed steep increases in consumer levies on luxury electric cars priced above $46,000, a government document showed, a move that could impact sales of carmakers such as Tesla, Mercedes-Benz, BMW and BYD.
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Opposition States Seek Compensation For Revenue Loss Due To GST Reform Proposal
Opposition-ruled states on Friday said the Centre's proposal for GST rate reforms could result in a revenue loss of about Rs 1.5 crore to Rs 2 lakh crore and demanded compensation for the losses incurred by them.
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Key Panel Accepts Centre's Proposal To Move To 2 GST Slabs, Down From 4
A key meeting of the Group of Ministers (GoM) on GST rate rationalisation on Thursday ended with state finance minister accepting the Centre's plan to reduce the number of tax slabs.
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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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Centre, States Equal Stakeholder In GST, Revenues Shared Equally: Report
Amid news regarding the impact of the 'Next Gen GST', government sources clarified that the Centre is an equal partner in revenue sharing with the states and that its proposal anticipates a revenue boost over time, driven by increased consumption.
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Centre Proposes Reducing GST Slabs From 4 To 2, May Retain 5%, 18%: Sources
The Centre has proposed that only two slabs for Goods and Services Tax (GST) be retained - 5 per cent and 18 percent - as per sources.
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India Will Retaliate If Proposed Carbon Tax Harms Domestic Exports: Piyush Goyal
Commerce and Industry Minister Piyush Goyal on Saturday said India will "react and retaliate" if the UK imposes a carbon tax in the future that harms domestic exports.
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France's Richest Man Slams Proposed Weath Tax As 'Assault On French Economy'
Bernard Arnault, the boss of luxury goods group LVMH and France's richest man, has attacked a proposed 2% tax on billionaires as an assault on France's economy and denounced the plan's architect as a far-left ideologue.
-
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...
-
India's IT Sector Nervous As US Proposes 25% Outsourcing Tax
A US Republican Senator has introduced the HIRE Act, which proposes taxing companies that hire foreign workers over Americans.
-
GST Revamp: What's Cheaper, Costlier? See Full List Here
New GST Slabs: The Goods and Services Tax (GST) Council on Wednesday approved a complete overhaul of India's tax consumption tax since its launch in 2017.
-
"Does Congress Want Tobacco Taxed At 5%?" Nirmala Sitharaman On 40% GST Question
Finance Minister Nirmala Sitharaman on Wednesday announced a sweeping reduction in Goods and Services Tax (GST) rates on a wide range of essential items, automobiles, agriculture inputs, and electronic appliances.
-
Keep 2, Eliminate 2. Rationale Behind Proposed New GST Rates Explained
Rationalisation of the GST framework - a process that began this morning with Finance Minister Nirmala Sitharaman chairing a GST Council meet - is based on sharp differences in revenue collected under each of the existing four slabs.
-
GST Council Meeting: What May Get Cheaper Or Cost More Under New Slabs
High hopes ride on the 56th GST Council meeting as it takes up proposals to simplify slabs and slash rates on key goods and services.
-
Tax Panel Plans Steep Levies On Luxury Electric Cars In Blow For Tesla, BMW
A tax panel has proposed steep increases in consumer levies on luxury electric cars priced above $46,000, a government document showed, a move that could impact sales of carmakers such as Tesla, Mercedes-Benz, BMW and BYD.
-
Opposition States Seek Compensation For Revenue Loss Due To GST Reform Proposal
Opposition-ruled states on Friday said the Centre's proposal for GST rate reforms could result in a revenue loss of about Rs 1.5 crore to Rs 2 lakh crore and demanded compensation for the losses incurred by them.
-
Key Panel Accepts Centre's Proposal To Move To 2 GST Slabs, Down From 4
A key meeting of the Group of Ministers (GoM) on GST rate rationalisation on Thursday ended with state finance minister accepting the Centre's plan to reduce the number of tax slabs.
-
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.
-
Centre, States Equal Stakeholder In GST, Revenues Shared Equally: Report
Amid news regarding the impact of the 'Next Gen GST', government sources clarified that the Centre is an equal partner in revenue sharing with the states and that its proposal anticipates a revenue boost over time, driven by increased consumption.
-
Centre Proposes Reducing GST Slabs From 4 To 2, May Retain 5%, 18%: Sources
The Centre has proposed that only two slabs for Goods and Services Tax (GST) be retained - 5 per cent and 18 percent - as per sources.
-
India Will Retaliate If Proposed Carbon Tax Harms Domestic Exports: Piyush Goyal
Commerce and Industry Minister Piyush Goyal on Saturday said India will "react and retaliate" if the UK imposes a carbon tax in the future that harms domestic exports.
