A federal crackdown on tax cheats in Vancouver’s sizzling housing market — which is acting like a flame to speculators, real estate predators and foreign cash flow — has critics calling on B.C. to demand Ottawa do more to help combat the “out-of-control” real estate market. “It’s not clearcut to say that ... Read More »
In the wake of rising cost burden of home buyers, comes a ray of hope in the form of a recent decision of the Delhi High Court in the case of Suresh Kumar Bansal Vs Union of India & Others 2016-VIL-284-DEL-ST. The High Court held that in a scenario where ... Read More »
The U.S. Treasury Department is finalizing new tax rules aimed at combating the use of shell companies to evade taxes, U.S. Treasury Secretary Jack Lew said on Saturday amid increased pledges by global finance leaders to cooperate on tax issues. In a statement to the International Monetary Fund’s steering committee, ... Read More »
WEDNESDAY, April 13, 2016 — Alcohol sales fell in Maryland following an increase in the sales tax, according to a finding that suggests the tactic could work in other U.S. states. The alcohol tax rose from 6 percent to 9 percent in 2011, and liquor sales subsequently fell 5 percent, ... Read More »
PARIS: France will put Panama back on its list of countries that do not cooperate in efforts to track down tax dodgers, finance minister Michel Sapin said in the wake of the Panama Papers revelations. “France has decided to put Panama back on the list of uncooperative countries, with all ... Read More »
With the new Income Tax Return (ITR) forms notified recently for assessment year 2016-17, filers can do an easy check and obtain their annual tax liability on a computer-based calculator hosted by the IT department. The ‘tax calculator’ is an online computer-based programme hosted on the official website of the ... Read More »
It’s been said many times: The rent is too damn high. And now a recently introduced bill is trying to cut renters a break—a tax break, that is. The bill, if it became law, would allow renters to deduct from their federal taxes what they pay for the primary roof ... Read More »
