Articles for Tax Reforms

Fiscal, tax system reforms key to development
5 months, 1 week ago

Fiscal, tax system reforms key to development

China Daily  

CAI MENG/CHINA DAILY The Central Economic Work Conference held in December proposed to arrange a new round of fiscal and tax system reform measures. The upcoming fiscal and tax system reform needs to better define the roles of the central government and local governments, improve the delineation of governance and fiscal responsibilities between them, and carry out corresponding reforms in …

China Governance Financial Tax Local Transfer Tax System
Excise tax reforms probably on agenda
5 months, 2 weeks ago

Excise tax reforms probably on agenda

China Daily  

Consumers shop at domestic beauty brand Huaxizi's store near the West Lake in Hangzhou, Zhejiang province, in December. Implementation of excise tax reforms in China will likely be part of the country's broader efforts to promote a new round of reforms of the fiscal and taxation system, experts said on Thursday. Their comments came after some market observers said they …

China Local Taxes Local Governments Governments Reforms Probably Excise Taxation
Excise tax reforms probably on agenda
5 months, 2 weeks ago

Excise tax reforms probably on agenda

China Daily  

Consumers shop at domestic beauty brand Huaxizi's store near the West Lake in Hangzhou, Zhejiang province, in December. Implementation of excise tax reforms in China will likely be part of the country's broader efforts to promote a new round of reforms of the fiscal and taxation system, experts said on Thursday. Their comments came after some market observers said they …

China Local Taxes Local Governments Governments Reforms Probably Excise Taxation
10 years of Modi government: Tax reforms, challenges
7 months, 1 week ago

10 years of Modi government: Tax reforms, challenges

New Indian Express  

NEW DELHI: In the last 10 years of Modi government rule, India has undergone marked tax reforms focused on streamlining the tax framework, enhancing compliance, and fostering transparency. Key reforms common to Customs, GST, income tax, and corporate tax include digitisation for e-filing and digital payments, real-time data sharing to detect tax frauds, faceless assessment and appeals, dispute resolution schemes …

Gst State Tax Tax Reforms
Crisis-ridden Sri Lanka’s economic reforms are yielding results, but challenges remain, IMF says
11 months ago

Crisis-ridden Sri Lanka’s economic reforms are yielding results, but challenges remain, IMF says

Associated Press  

COLOMBO, Sri Lanka — Debt-stricken Sri Lanka’s economic reform program is yielding the first signs of recovery, but the improvements still need to translate into improved living conditions for its people, the International Monetary Fund said Friday. “The economic reform program implemented by the Sri Lankan authorities is yielding the first signs of recovery,” said Pete Breuer, the IMF’s senior …

Sri Lanka Lanka Sri Imf Breuer
Union Budget 2023: Here are key reforms that salaried class can expect
1 year, 11 months ago

Union Budget 2023: Here are key reforms that salaried class can expect

India Today  

The Union Budget is eagerly anticipated every year - by the common man, the rich, corporations, partnership firms, stock market investors – for the significant impact it has on their finances. The government could reduce the highest tax rate from 30 per cent to 25 per cent to give more purchasing power and provide some relief to salaried employees. Also, …

India Budget Income Tax Loan Interest Cent 2023
India is the trusted partner of the world, says Union Minister Piyush Goyal
2 years, 3 months ago

India is the trusted partner of the world, says Union Minister Piyush Goyal

Firstpost  

San Francisco: Union Commerce and Industry Minister Piyush Goyal, who is on a six-day visit to San Francisco and Los Angeles starting on Monday, highlighted India’s stable economic conditions during COVID-19 pandemic and said that the country has emerged as the trusted partner of the world. Speaking at a luncheon interaction with the Institute of Chartered Accountants of India where …

India World Inflation Economic Union Cent Goyal
Colombia’s new president Petro proposes ambitious tax reforms
2 years, 4 months ago

Colombia’s new president Petro proposes ambitious tax reforms

Al Jazeera  

The reforms are key to Gustavo Petro’s vision of building a more equitable country, with less reliance on oil revenues. The move on Monday by the country’s first leftist leader, was the first step to fulfilling his promise to millions of Colombians, like Maydany Salcedo, a 47-year-old social leader from the Putumayo province, who watched the inauguration Sunday with high …

Peace Political Congress Colombia Deal Groups Armed
Petro faces challenges to deliver Colombians promised change
2 years, 6 months ago

Petro faces challenges to deliver Colombians promised change

Associated Press  

BOGOTA, Colombia — Colombia for the first time elected a leftist as president, but the slim victory is a cue that a large portion of the country rejects the ambitious proposals of Gustavo Petro, who will have to consider their concerns and negotiate with a divided Congress to deliver on promises. “Petro has set very high expectations from his proposals, …

Congress Colombia President Colombians Petro
‘If you want to be a great economic power, you can’t be protectionist’
3 years, 11 months ago

‘If you want to be a great economic power, you can’t be protectionist’

Live Mint  

An eminent economist and technocrat, Vijay Kelkar is a former finance secretary and was chairman of the 13th Finance Commission. Kelkar, who was an integral part of the country’s story, held key positions in successive governments, and is widely known as the architect of the goods and services tax. The government of India did a swap of states’ high-interest-low interest …

India Power Vajpayee Economic Reforms Tax Reforms Services Tax Kelkar
Narendra Modi unveils new tax reforms, says system will now be 'seamless, painless and faceless'
4 years, 4 months ago

Narendra Modi unveils new tax reforms, says system will now be 'seamless, painless and faceless'

Firstpost  

Launching the platform ‘Transparent Taxation – Honoring the Honest’, Modi said that the I-T dept will start faceless appeals from 25 September New Delhi: The scrutiny of tax returns has been reduced to one-fourth due to radical reforms introduced by authorities in recent months, said Prime Minister Narendra Modi on Thursday and asserted that taxpayers should be trusted in compliance …

Prime Compliance Tax Administration Department Minister Modi Narendra Modi