Us Tax Rate

US President Joe Biden could be zeroing-in on clamping down crypto wash sales as part of his upcoming Budget speech. Biden’s budget could further explore the idea of doubling the capital gains tax rate for investors. Both of these ideas are aimed at bringing in more flow of capital in the US market, that is currently struggling with inflation.

A group of 136 countries on Friday set a minimum global tax rate of 15 per cent for big companies and sought to make it harder for them to avoid taxation in a landmark deal that US President Joe Biden said levelled the playing field.

The European Union agreed to delay a corporate tax plan for the bloc following pressure from the US administration and in a bid to facilitate a broader global tax deal, but EU member Ireland reiterated its criticisms of the wider reform.

The Group of Seven wealthy nations may have endorsed a plan to ensure the world's biggest companies pay a minimum global tax rate, but US tech behemoth Amazon may escape it.

US tech giants could benefit from the agreement of the Group of Seven rich countries' agreement to create a global minimum 15 percent corporate tax rate if the final deal also scraps increasingly popular digital services taxes, according to industry lobbyists.

Gold prices stood at Rs. 38,170 per 10 grams in the national capital on Wednesday, according to India Bullion and Jewellers' Association (IBJA). These rates are exclusive of a 3 per cent Goods and services Tax (GST) and making charges, industry body IBJA mentioned on its website. IBJA is a Mumbai-based association consisting of gold dealers, trader...

Gold prices stood at Rs 38,070 per 10 gram in the national capital on Monday, according to India Bullion and Jewellers' Association (IBJA). These rates are exclusive of 3 per cent Goods and services Tax (GST) and making charges, industry body IBJA mentioned on its website. IBJA is a Mumbai-based association consisting of gold dealers, traders and j...

In 1980, by contrast, the 400 richest had an effective tax rate of 47 per cent. In 1960, their tax rate was as high as 56 per cent.

Only last spring, as the country was gearing up for elections, we were hearing about a growth rate of 7 per cent, the highest in the world. Various new statistics were trotted out to suggest that the growth rate since 2014 had been higher than that under the previous regime. Those of us who looked at other economic indicators such as the unemployme...

Finance Minister Nirmala Sitharaman said the reduction in tax rates was done by promulgating an ordinance to an amendment to the Income Tax Act.

The rupee gained by as much as 65 paise against the US dollar on Friday, after the government announced its decision to lower the corporate tax rate on domestic firms and new manufacturers. After starting the session higher at 71.20, the rupee moved to 70.67 against the greenback at the day's highest level. Analysts say that the reduction in corpor...

The rupee snapped its five-day losing streak against the dollar on Thursday and ended 20 paise higher against the US dollar. The rupee ended at 70.69 against the dollar tracking gains in domestic equity markets which surged after reports of rollback of a tax surcharge on foreign portfolio investors surfaced, news agency Press Trust of India (PTI) r...

The S&P BSE Sensex and NSE Nifty 50 indexes nosedived in Thursday's session on the back of weak global cues after the US Federal Reserve rattled markets by signalling that its first rate cut in more than a decade was not the start of a lengthy easing cycle. The Sensex plunged as much as 787 points to trade below 37,000-mark for the first time since...

The S&P BSE Sensex and NSE Nifty 50 indexes nosedived in Thursday's session tracking weak global cues, after the US Federal Reserve rattled markets by signalling that its first rate cut in more than a decade was not the start of a lengthy easing cycle. The Sensex index plunged as much as 787 points to trade below the 37,000 mark for the first time ...

Justifying the raising of tax incidence on super-rich, the finance ministry said the highest tax rate in India was still lower than many countries, including the US and China, and it was a worldwide phenomenon to ask the super rich to pay extra tax.

US President Joe Biden could be zeroing-in on clamping down crypto wash sales as part of his upcoming Budget speech. Biden’s budget could further explore the idea of doubling the capital gains tax rate for investors. Both of these ideas are aimed at bringing in more flow of capital in the US market, that is currently struggling with inflation.

A group of 136 countries on Friday set a minimum global tax rate of 15 per cent for big companies and sought to make it harder for them to avoid taxation in a landmark deal that US President Joe Biden said levelled the playing field.

The European Union agreed to delay a corporate tax plan for the bloc following pressure from the US administration and in a bid to facilitate a broader global tax deal, but EU member Ireland reiterated its criticisms of the wider reform.

The Group of Seven wealthy nations may have endorsed a plan to ensure the world's biggest companies pay a minimum global tax rate, but US tech behemoth Amazon may escape it.

US tech giants could benefit from the agreement of the Group of Seven rich countries' agreement to create a global minimum 15 percent corporate tax rate if the final deal also scraps increasingly popular digital services taxes, according to industry lobbyists.

Gold prices stood at Rs. 38,170 per 10 grams in the national capital on Wednesday, according to India Bullion and Jewellers' Association (IBJA). These rates are exclusive of a 3 per cent Goods and services Tax (GST) and making charges, industry body IBJA mentioned on its website. IBJA is a Mumbai-based association consisting of gold dealers, trader...

Gold prices stood at Rs 38,070 per 10 gram in the national capital on Monday, according to India Bullion and Jewellers' Association (IBJA). These rates are exclusive of 3 per cent Goods and services Tax (GST) and making charges, industry body IBJA mentioned on its website. IBJA is a Mumbai-based association consisting of gold dealers, traders and j...

In 1980, by contrast, the 400 richest had an effective tax rate of 47 per cent. In 1960, their tax rate was as high as 56 per cent.

Only last spring, as the country was gearing up for elections, we were hearing about a growth rate of 7 per cent, the highest in the world. Various new statistics were trotted out to suggest that the growth rate since 2014 had been higher than that under the previous regime. Those of us who looked at other economic indicators such as the unemployme...

Finance Minister Nirmala Sitharaman said the reduction in tax rates was done by promulgating an ordinance to an amendment to the Income Tax Act.

The rupee gained by as much as 65 paise against the US dollar on Friday, after the government announced its decision to lower the corporate tax rate on domestic firms and new manufacturers. After starting the session higher at 71.20, the rupee moved to 70.67 against the greenback at the day's highest level. Analysts say that the reduction in corpor...

The rupee snapped its five-day losing streak against the dollar on Thursday and ended 20 paise higher against the US dollar. The rupee ended at 70.69 against the dollar tracking gains in domestic equity markets which surged after reports of rollback of a tax surcharge on foreign portfolio investors surfaced, news agency Press Trust of India (PTI) r...

The S&P BSE Sensex and NSE Nifty 50 indexes nosedived in Thursday's session on the back of weak global cues after the US Federal Reserve rattled markets by signalling that its first rate cut in more than a decade was not the start of a lengthy easing cycle. The Sensex plunged as much as 787 points to trade below 37,000-mark for the first time since...

The S&P BSE Sensex and NSE Nifty 50 indexes nosedived in Thursday's session tracking weak global cues, after the US Federal Reserve rattled markets by signalling that its first rate cut in more than a decade was not the start of a lengthy easing cycle. The Sensex index plunged as much as 787 points to trade below the 37,000 mark for the first time ...

Justifying the raising of tax incidence on super-rich, the finance ministry said the highest tax rate in India was still lower than many countries, including the US and China, and it was a worldwide phenomenon to ask the super rich to pay extra tax.