Remember those brief, blissful weeks at the beginning of the summer? Vaccination rates were rising, COVID-19 infections were dropping and mask mandates were lifting. Lots of us started to cautiously hug our friends, eat in restaurants and plan vacations again. We thought we were seeing the end of the pandemic. ... Read More »
Listed companies accounted for a little less than a third of the corporate tax in FY18, down from nearly 40 percent in FY17 and 49 percent a decade ago, Business Standard reported. India’s top companies listed in BSE500, BSE Mid-cap or BSE Small-cap index paid Rs 1.88 lakh crore in direct ... Read More »
The income tax department will maintain the number of tax returns chosen for scrutiny at the current level of less than 1% of all returns in spite of a surge in individual tax filings to keep the process non-intrusive and tax-payer friendly. Gentle persuasion through text messages, emails and advertisements ... Read More »
Love munching on junk? You may now have to pay a higher price for it as the Food Safety and Standards Authority of India (FSSAI) has recommended additional tax on processed food and sugar-sweetened beverages. It has also called for a blanket ban on advertising of junk foods and beverages ... Read More »
President Donald Trump has not formally proposed a 20 percent tax on Mexican imports to pay for his controversial border wall and is instead considering it among a series of options, White House spokesman Sean Spicer said Thursday. “The goal today is not to be prescriptive. It’s to basically say: ... Read More »
Mexico has condemned a US suggestion that it may impose a 20% tax on Mexican imports to pay for President Donald Trump’s planned border wall. Foreign Minister Luis Videgaray said such a tax would make Mexican imports more expensive for US consumers and they would end up paying for the ... Read More »
Apple (AAPL.O) will launch a legal challenge this week to a record $14 billion EU tax demand, arguing that EU regulators ignored tax experts and corporate law and deliberately picked a method to maximize the penalty, senior executives said. Apple’s combative stand underlines its anger with the European Commission, which ... Read More »
There are several reasons why black money exists within real estate, and some of these are natural consequences of legacy structural issues. The most complex issue is that of tax. Taxation in real estate is considerably regressive. The corrupting areas in real estate – land transactions, for the most part, ... Read More »
Those who deposited their black money in banks, disclosing it to be untaxed wealth, since the governmentannounced demonetisation will now have to pay income tax at 50% and a quarter of the portion of the unaccounted income would remain with the government for four years, as per amendments planned to ... Read More »
Accountants, lawyers and consultants whose multibillion pound industry provides advice on how to aggressively avoid tax could face large financial penalties under government proposals. Plans set out in a consultation document released on Wednesday will suggest that tax advisers whose schemes are defeated in the courts might pay a fine ... Read More »
During the past several years, public concern has increased in the Greater Vancouver Regional District (the “GVRD”) over the steep rise in home prices. For many residents of the GVRD, owning a home has become beyond their reach. The affordability and availability of rental units is also becoming increasingly problematic ... Read More »
A plan to tax recreational marijuana locally, should it be legalized by California voters in November, is now being taken off the shelf. L.A. County Supervisor Sheila Kuehl, who proposed the 10 percent tax on the gross receipts of pot businesses, is now asking that her fellow leaders nix the idea. Two weeks ... Read More »
