Wealth Tax

Assuring a "logical conclusion" for the report related to the leak of Army chief General Qamar Javed Bajwa's income tax records, Finance Minister Ishaq Dar shared that people behind the leak have been identified.

US actor Mark Ruffalo on Tuesday joined a call by over 150 wealthy people for governments to tax them more, as global elites and policymakers met at the World Economic Forum in Swiss resort Davos.

ICICI Securities on Wednesday reported a 3 per cent growth in profit after tax (PAT) at Rs 340 crore for the quarter ending March 31, 2022

The Madras High Court today directed the Income Tax department to file applications bringing in the names of J Deepa and J Deepak, the legal heirs of late Chief Minister J Jayalalithaa, in the records relating to pending wealth and income tax cases

The world’s eight richest people now have a combined fortune of over $1 trillion (roughly Rs. 75,41,060 crores). The list led by Jeff Bezos also includes Elon Musk, Mark Zuckerberg, Larry Page, Sergey Brin, Warren Buffett, and Bernard Arnault. With individual fortunes of more than $100 billion (roughly Rs. 7,54,390 crores) each, the centibillio...

Joining the ranks of the richest 1% is never easy, but it's especially hard in Monaco. You need to be worth almost $8 million to make the cut in the Mediterranean principality, where residents typically don't pay income taxes, according to research on more than two-dozen locations by Knight Frank.

Democratic presidential hopeful Elizabeth Warren offered to meet Bill Gates after the Microsoft billionaire expressed scepticism about her proposal for a "wealth tax" affecting the richest Americans.

Former Finance Minister P Chidambaram praised Prime Minister Narendra Modi for his Independence Day speech that drew attention to "population explosion", plastic pollution and the need for not seeing "wealth creators with suspicion" - and added a message for the current Finance Minister especially on the last point.

Self-described Democratic socialist Bernie Sanders, the 2020 presidential candidate who has long assailed America's growing income inequality, released 10 years of tax returns Monday that confirm his newfound status as a millionaire.

The Income Tax department, continuing with its pre-election raids, late on Tuesday night searched the offices of Galla Jayadev, Telugu Desam Party lawmaker and candidate for Lok Sabha polls from Andhra Pradesh's Guntur.

The world's 26 richest people own the same wealth as the poorest half of humanity, Oxfam said Monday, urging governments to hike taxes on the wealthy to fight soaring inequality.

Financial experts where on one hand expect the government to make announcements in the form of tax reliefs, on the other, the widening of fiscal deficit may be a key challenge before the government.

Anxiety over how the new rules will be enforced has already triggered a flood of Chinese clients seeking to create overseas trusts.

Inheritance tax is levied on the wealth inherited by the legal heirs of a dead person. Also known as estate tax, it is levied by governments of most western countries, including the US and the UK.

US President Donald Trump on Wednesday shrugged off a New York Times investigation that concluded he made his fortune with the help of more than $400 million from his parents, partly through tax schemes, as a boring, rehashed "hit piece."

Assuring a "logical conclusion" for the report related to the leak of Army chief General Qamar Javed Bajwa's income tax records, Finance Minister Ishaq Dar shared that people behind the leak have been identified.

US actor Mark Ruffalo on Tuesday joined a call by over 150 wealthy people for governments to tax them more, as global elites and policymakers met at the World Economic Forum in Swiss resort Davos.

ICICI Securities on Wednesday reported a 3 per cent growth in profit after tax (PAT) at Rs 340 crore for the quarter ending March 31, 2022

The Madras High Court today directed the Income Tax department to file applications bringing in the names of J Deepa and J Deepak, the legal heirs of late Chief Minister J Jayalalithaa, in the records relating to pending wealth and income tax cases

The world’s eight richest people now have a combined fortune of over $1 trillion (roughly Rs. 75,41,060 crores). The list led by Jeff Bezos also includes Elon Musk, Mark Zuckerberg, Larry Page, Sergey Brin, Warren Buffett, and Bernard Arnault. With individual fortunes of more than $100 billion (roughly Rs. 7,54,390 crores) each, the centibillio...

Joining the ranks of the richest 1% is never easy, but it's especially hard in Monaco. You need to be worth almost $8 million to make the cut in the Mediterranean principality, where residents typically don't pay income taxes, according to research on more than two-dozen locations by Knight Frank.

Democratic presidential hopeful Elizabeth Warren offered to meet Bill Gates after the Microsoft billionaire expressed scepticism about her proposal for a "wealth tax" affecting the richest Americans.

Former Finance Minister P Chidambaram praised Prime Minister Narendra Modi for his Independence Day speech that drew attention to "population explosion", plastic pollution and the need for not seeing "wealth creators with suspicion" - and added a message for the current Finance Minister especially on the last point.

Self-described Democratic socialist Bernie Sanders, the 2020 presidential candidate who has long assailed America's growing income inequality, released 10 years of tax returns Monday that confirm his newfound status as a millionaire.

The Income Tax department, continuing with its pre-election raids, late on Tuesday night searched the offices of Galla Jayadev, Telugu Desam Party lawmaker and candidate for Lok Sabha polls from Andhra Pradesh's Guntur.

The world's 26 richest people own the same wealth as the poorest half of humanity, Oxfam said Monday, urging governments to hike taxes on the wealthy to fight soaring inequality.

Financial experts where on one hand expect the government to make announcements in the form of tax reliefs, on the other, the widening of fiscal deficit may be a key challenge before the government.

Anxiety over how the new rules will be enforced has already triggered a flood of Chinese clients seeking to create overseas trusts.

Inheritance tax is levied on the wealth inherited by the legal heirs of a dead person. Also known as estate tax, it is levied by governments of most western countries, including the US and the UK.

US President Donald Trump on Wednesday shrugged off a New York Times investigation that concluded he made his fortune with the help of more than $400 million from his parents, partly through tax schemes, as a boring, rehashed "hit piece."