Tax Reform
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'GST Has A Success Problem': Experts Flag Next Big Challenge For Tax Reform
Experts say the pressure on the GST system is increasing because compliance requirements are becoming more complex and more automated.
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New Income Tax Rules Take Effect April 1: What Taxpayers Need To Know
Key changes include easier language, streamlined ITR forms, the introduction of a clear "Tax Year" concept, and reduced ambiguity in provisions.
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Maharashtra Scraps Six Percent EV Tax Plan to Boost Adoption
Maharashtra has dropped a 6 percent sales tax proposal on EVs priced above $35,000 (roughly Rs. 30 lakh) to boost adoption in India, where EV sales remain low at 2 percent of four million cars sold last year. Chief Minister Devendra Fadnavis cited unnecessary disincentivisation, while the federal goal aims for 30 percent EV adoption by 2030.
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No-Tax-On-Overtime Proposal By Donald Trump: What You Need To Know
Donald Trump's proposal to eliminate federal taxes on overtime pay, tips, and Social Security benefits aims to boost economic growth and increase take-home pay, but raises concerns about revenue loss and potential manipulation.
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Union Budget 2025: What Budget May Bring For Individuals? An Expert View
The Union Budget 2025, set to be presented by Finance Minister Nirmala Sitharaman on February 1, 2025, is highly anticipated by individual taxpayers, who are hoping for tax reforms that will increase their disposable income and stimulate economic gro
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G20 Leaders Approve Global Tax Deal But No Consensus Yet On Climate Change
Leaders of the G20 world's major economies approved a global minimum tax on the largest companies on Saturday, but were still haggling over the pressing issue of climate change.
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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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Global Tax Deal Backed By 130 Nations, Implementation Planned For October
A total of 130 countries have agreed a global tax reform ensuring that multinationals pay their fair share wherever they operate, the OECD said on Thursday, but some EU states refused to sign up.
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"India Has Moved From Tax Terrorism To Tax Transparency": PM Modi
Prime Minister Narendra Modi on Wednesday underscored his government's tax reforms such as faceless appeals and dispute redressal mechanism to say India has moved from tax terrorism to tax transparency.
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We Need Tax Breaks, PM Modi, Not Pious Statements
You might ask, if the government cuts tax rates, where will it get the money to run the country and boost the economy? As many economists have argued, the only way out right now is to let the fiscal deficit increase. It is not an ideal solution, but there's no other way out.
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Lives Of Honest Taxpayers Will Become Easier: JP Nadda On Tax Reforms
The Union government's measures to make tax environment "seamless, painless and faceless" for taxpayers will make their lives easier and boost the country's development, BJP president JP Nadda said on Thursday.
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Faceless Assessment In PM Modi's Big New Push For Tax Reforms: 10 Points
Prime Minister Narendra Modi announced key tax reforms amid the coronavirus pandemic. The new platform "Transparent Taxation - Honouring the Honest" carries forward the journey of direct tax reforms in India, such as "faceless appeals" where taxpayers don't have to visit offices to rectify errors. Finance Minister Nirmala Sitharaman, who also atten...
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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.
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US Senate Passes Tax Rewrite, In Major Win For US President Donald Trump
US Senate Republicans narrowly passed landmark tax reform early Saturday, a critical step toward delivering a monumental legislative victory for President Donald Trump in his first year in office.
-
Google, Facebook Tax Reform Sought by EU Government
European regulators have become increasingly aggressive against US technology giants seen by officials as gaining too much power, with Amazon and Apple also facing scrutiny.
-
'GST Has A Success Problem': Experts Flag Next Big Challenge For Tax Reform
Experts say the pressure on the GST system is increasing because compliance requirements are becoming more complex and more automated.
-
New Income Tax Rules Take Effect April 1: What Taxpayers Need To Know
Key changes include easier language, streamlined ITR forms, the introduction of a clear "Tax Year" concept, and reduced ambiguity in provisions.
-
Maharashtra Scraps Six Percent EV Tax Plan to Boost Adoption
Maharashtra has dropped a 6 percent sales tax proposal on EVs priced above $35,000 (roughly Rs. 30 lakh) to boost adoption in India, where EV sales remain low at 2 percent of four million cars sold last year. Chief Minister Devendra Fadnavis cited unnecessary disincentivisation, while the federal goal aims for 30 percent EV adoption by 2030.
-
No-Tax-On-Overtime Proposal By Donald Trump: What You Need To Know
Donald Trump's proposal to eliminate federal taxes on overtime pay, tips, and Social Security benefits aims to boost economic growth and increase take-home pay, but raises concerns about revenue loss and potential manipulation.
-
Union Budget 2025: What Budget May Bring For Individuals? An Expert View
The Union Budget 2025, set to be presented by Finance Minister Nirmala Sitharaman on February 1, 2025, is highly anticipated by individual taxpayers, who are hoping for tax reforms that will increase their disposable income and stimulate economic gro
-
G20 Leaders Approve Global Tax Deal But No Consensus Yet On Climate Change
Leaders of the G20 world's major economies approved a global minimum tax on the largest companies on Saturday, but were still haggling over the pressing issue of climate change.
-
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.
-
Global Tax Deal Backed By 130 Nations, Implementation Planned For October
A total of 130 countries have agreed a global tax reform ensuring that multinationals pay their fair share wherever they operate, the OECD said on Thursday, but some EU states refused to sign up.
-
"India Has Moved From Tax Terrorism To Tax Transparency": PM Modi
Prime Minister Narendra Modi on Wednesday underscored his government's tax reforms such as faceless appeals and dispute redressal mechanism to say India has moved from tax terrorism to tax transparency.
-
We Need Tax Breaks, PM Modi, Not Pious Statements
You might ask, if the government cuts tax rates, where will it get the money to run the country and boost the economy? As many economists have argued, the only way out right now is to let the fiscal deficit increase. It is not an ideal solution, but there's no other way out.
-
Lives Of Honest Taxpayers Will Become Easier: JP Nadda On Tax Reforms
The Union government's measures to make tax environment "seamless, painless and faceless" for taxpayers will make their lives easier and boost the country's development, BJP president JP Nadda said on Thursday.
-
Faceless Assessment In PM Modi's Big New Push For Tax Reforms: 10 Points
Prime Minister Narendra Modi announced key tax reforms amid the coronavirus pandemic. The new platform "Transparent Taxation - Honouring the Honest" carries forward the journey of direct tax reforms in India, such as "faceless appeals" where taxpayers don't have to visit offices to rectify errors. Finance Minister Nirmala Sitharaman, who also atten...
-
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.
-
US Senate Passes Tax Rewrite, In Major Win For US President Donald Trump
US Senate Republicans narrowly passed landmark tax reform early Saturday, a critical step toward delivering a monumental legislative victory for President Donald Trump in his first year in office.
-
Google, Facebook Tax Reform Sought by EU Government
European regulators have become increasingly aggressive against US technology giants seen by officials as gaining too much power, with Amazon and Apple also facing scrutiny.
