Articles for Tax Revenue

President-elect Trump promised to extend tax cuts, but how will the government make up a $4 trillion loss of revenue?
1 week, 2 days ago

President-elect Trump promised to extend tax cuts, but how will the government make up a $4 trillion loss of revenue?

NPR  

President-elect Trump promised to extend tax cuts, but how will the government make up a $4 trillion loss of revenue? SIMON: President-elect Trump promised to extend tax cuts he passed during his first term in office during this last campaign. JOSEPH ROSENBERG: They're really going to have to figure out if that's a price tag they're willing to swallow or …

Congress Economic Growth Tax Revenue Scott Npr Cuts Tax Cuts
Fiscal revenue growth seen as sign of economic recovery gaining traction
4 weeks ago

Fiscal revenue growth seen as sign of economic recovery gaining traction

China Daily  

By WANG KEJU | CHINA DAILY | Updated: 2024-11-25 07:10 A view of the Huangpu River in Shanghai. China's tax revenue growth returned to positive territory in October for the first time this year, suggesting that the country's economic activity is picking up pace and gaining stronger momentum, analysts said. According to the latest data released by the Ministry of …

Growth China Tax Revenue State Yang Tax Revenue
Fiscal revenue growth seen as sign of economic recovery gaining traction
4 weeks ago

Fiscal revenue growth seen as sign of economic recovery gaining traction

China Daily  

A view of the Huangpu River in Shanghai. China's tax revenue growth returned to positive territory in October for the first time this year, suggesting that the country's economic activity is picking up pace and gaining stronger momentum, analysts said. According to the latest data released by the Ministry of Finance, China's general public budget revenue, which is the sum …

Growth China Tax Revenue State Yang Tax Revenue
Surcharge revenue triples in two years to Rs 1.39 lakh crore
1 month ago

Surcharge revenue triples in two years to Rs 1.39 lakh crore

Deccan Chronicle  

Chennai: The surcharges levied by the government upon different taxes tripled in the past two years to a total of Rs 1.39 lakh crore in FY24 against Rs 40,758 crore in FY22. Of the surcharge revenue received in FY24, that from corporate tax accounted for Rs 59,000 crore and that from income taxes other than corporate tax stood at Rs …

Tax Income Tax Corporate Tax Surcharge Revenue Cent Two Years
Municipal corporations need to impose adequate user charges to provide better facilities: RBI report
1 month ago

Municipal corporations need to impose adequate user charges to provide better facilities: RBI report

Live Mint  

New Delhi, Nov 17 Municipal corporations need to impose adequate user charges for essential services like water supply and sanitation, to boost non-tax revenues and provide quality public services, according to a Reserve Bank of India report. "MCs can significantly enhance them by applying appropriate and adequate fees and user charges for essential services such as water supply, sanitation, and …

Tax Services Fees Charges Water Supply Revenue Report
Centre’s net direct-tax revenue grows 15.4% to ₹12.1 trillion in April-Nov
1 month, 1 week ago

Centre’s net direct-tax revenue grows 15.4% to ₹12.1 trillion in April-Nov

Live Mint  

New Delhi: The union government’s direct-tax collection has grown by 15.41%, after tax refunds, to ₹12.1 trillion so far this financial year, the Central Board of Direct Taxes said on Monday. Securities transaction tax contributed ₹35,923 crore so far this financial year, 90% more than the ₹18,909 crore collected in the same period a year ago, CBDT data showed. So …

Period Tax Revenue Trillion Collection
Missouri sports betting ballot measure highlights national debate about tax rates
1 month, 3 weeks ago

Missouri sports betting ballot measure highlights national debate about tax rates

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Missouri's proposed 10% tax rate on sports betting …

Tax States Betting Missouri Revenue New Jersey Sports Betting
How Trump’s tariffs would work
2 months, 1 week ago

How Trump’s tariffs would work

CNN  

Washington CNN — When President-elect Donald Trump returns to the White House, tariffs are likely to once again play a major role in his policy agenda. On the campaign trail, Vice President Kamala Harris referred to her then-opponent’s tariff policy as a “Trump Tax.” Several independent studies have found that if Trump implements an across-the-board tariff and increases duties on …

Tax Trump Chinese Tariffs Raise Tariff
How Trump’s tariffs would work
2 months, 1 week ago

How Trump’s tariffs would work

CNN  

Washington CNN — When President-elect Donald Trump returns to the White House, tariffs are likely to once again play a major role in his policy agenda. On the campaign trail, Vice President Kamala Harris referred to her then-opponent’s tariff policy as a “Trump Tax.” Several independent studies have found that if Trump implements an across-the-board tariff and increases duties on …

Tax Chinese Tariffs Trump Tariff
U.P. govt mops up over ₹98k cr tax revenue in six months
2 months, 2 weeks ago

U.P. govt mops up over ₹98k cr tax revenue in six months

Hindustan Times  

The Uttar Pradesh government has earned higher tax and non-tax revenue in the first six months of 2024-25 vis-a-vis the previous financial year, collecting tax revenue of ₹98,886.75 crore from April 1 to September 30, 2024. Other main tax revenue earners for the state government included excise with collections of ₹22,564.29 crore from this head. The state government’s non-tax revenue …

Tax Earnings Revenue State Month Crore Cent
China's fiscal revenue down 2.6% in Jan-July
3 months, 3 weeks ago

China's fiscal revenue down 2.6% in Jan-July

China Daily  

File photo shows a worker counts Chinese currency renminbi at a bank in Lianyungang, East China's Jiangsu province. BEIJING -- China's fiscal revenue dipped 2.6 percent year-on-year in the first seven months of this year, official data showed Monday. A breakdown of the data showed the country's tax revenue decreased 5.4 percent from one year earlier, while its non-tax revenue …

China Tax Revenue Fiscal Fiscal Revenue
Sales tax revenue, full costs unclear if North Dakota voters legalize recreational marijuana
3 months, 4 weeks ago

Sales tax revenue, full costs unclear if North Dakota voters legalize recreational marijuana

Associated Press  

BISMARCK, N.D. — North Dakota lawmakers on Friday struggled to pin down the full financial impact of legalizing recreational marijuana, a factor voters will see when they decide a ballot measure on the issue this November. Key in the discussion between a top legislative panel, the state’s top tax official and the leader of the ballot initiative were what sales …

Tax Revenue Republican State Million Measure Tax Revenue
States scramble to replace gas tax cash
4 months, 1 week ago

States scramble to replace gas tax cash

Politico  

Pennsylvania’s EV fee — $250 annually, once it’s phased in — will be among the most expensive in the country. “It’s more of an anti-electric vehicle policy than a road funding policy,” state Rep. Frank Hornstein, the Democratic chair of the Minnesota House Transportation Committee, said of states trying to make up gas tax revenue by charging EV owners. The …

Transportation Tax States Pennsylvania Vehicles Gas Democratic
Telangana reported huge jump in tax revenue, state tells CAG
4 months, 2 weeks ago

Telangana reported huge jump in tax revenue, state tells CAG

Deccan Chronicle  

Hyderabad: The Telangana state government reported a significant increase in its tax revenue for the first quarter of the fiscal year 2024-25, with collections rising by over Rs 3,600 crore compared to the same period last year. The state's tax revenue reached Rs 34,609 crore in the April-June quarter, according to the income and expenditure report submitted to the Comptroller …

Tax Crore Quarter Tax Revenue Telangana State
Budget 2024 is an exercise to simplify the tax regime - Revenue Secretary Sanjay Malhotra
4 months, 3 weeks ago

Budget 2024 is an exercise to simplify the tax regime - Revenue Secretary Sanjay Malhotra

Hindustan Times  

The government is making efforts to simplify the tax regime and treat all asset classes similarly for taxation, revenue secretary Sanjay Malhotra said in an interview with Hindustan Times. Edited excerpts: The budget’s proposal to remove indexation from the long-term capital gains in real estate is an effort to simply the tax regime, said Sanjay Malhotra The Economic Survey has …

Real Estate Tax Budget Capital Capital Gains Estate Real
Punjab sees 15% jump in tax revenue despite sluggish GST
5 months ago

Punjab sees 15% jump in tax revenue despite sluggish GST

Hindustan Times  

Chandigarh : The Punjab government registered an increase of 15% year-on-year in its tax revenue in the first quarter of the financial year 2024-25. The Punjab government registered an increase of 15% year-on-year in its tax revenue in the first quarter of the financial year 2024-25 The impressive increase came on the back of improved state excise, sales tax and …

Tax Revenue State Period Crore Quarter Target
Amnesty schemes help state recover ₹3,150 crore in tax revenue
5 months, 3 weeks ago

Amnesty schemes help state recover ₹3,150 crore in tax revenue

Hindustan Times  

MUMBAI: Two amnesty schemes implemented in the last two financial years helped the state government to recover tax revenue of over ₹3150 crore and settle outstanding bills, reducing its outstanding tax revenue from ₹1.92 lakh crore in 2022-23 to ₹1.51 lakh crore in 2024-25. HT Image According to the budget documents tabled in the state legislature last week, the outstanding …

Tax Crore Tax Revenue Scheme Outstanding Recover
California Gov. Gavin Newsom signs budget to close $46.8B budget deficit
5 months, 3 weeks ago

California Gov. Gavin Newsom signs budget to close $46.8B budget deficit

Associated Press  

SACRAMENTO, Calif. — Gov. Gavin Newsom on Saturday signed California’s budget to close an estimated $46.8 billion deficit through $16 billion in spending cuts and temporarily raising taxes on some businesses. Lawmakers passed the budget Wednesday following an agreement between Newsom and legislative leaders in which both sides made concessions and also had wins as they were forced, for the …

Budget California State Billion Newsom
California Legislature approves budget that slashes spending to address $46.8 billion deficit
5 months, 3 weeks ago

California Legislature approves budget that slashes spending to address $46.8 billion deficit

Associated Press  

SACRAMENTO, Calif. — California lawmakers approved a budget on Wednesday that slashes spending and temporarily raises taxes on some businesses to close an estimated $46.8 billion budget deficit. The budget includes an agreement that Newsom and lawmakers will try to change the state constitution in the coming years to allow California to put more money in reserve to prepare for …

Budget California Revenue State Billion Legislature Newsom
Huge Disneyland expansion to add new rides, restaurants and hotels wins OK
8 months, 1 week ago

Huge Disneyland expansion to add new rides, restaurants and hotels wins OK

LA Times  

Disneyland’s multibillion-dollar plan to reimagine and expand the world famous theme park has won the unanimous approval of the Anaheim City Council, opening the door for one of the region’s largest employers to add new attractions, shops and restaurants. “As someone that has been quite the vocal critic in the past of some of these projects, I’ve been really surprised …

Investment Disney City California Plan Add Million
An economic report touts Disneyland’s expansion. Why can’t the public read it?
8 months, 1 week ago

An economic report touts Disneyland’s expansion. Why can’t the public read it?

LA Times  

The DisneylandForward is not specific about what exactly Disneyland seeks to build, but it asks Anaheim to relax zoning rules and give Disney flexibility to construct new rides, hotels and stores. According to a nine-page executive summary, a full build-out of Disney theme park, hotel and vacation club entitlements would bring a “dramatic increase in tax revenue” to Anaheim. Despite …

Economic Disney City Expansion Council Revenue State
Delhi should get its share of taxes from Centre, says FM Atishi
9 months, 2 weeks ago

Delhi should get its share of taxes from Centre, says FM Atishi

Live Mint  

New Delhi: The Delhi state government should get a share of the union government’s taxes devolved to states as per a formula to be set by the Finance Commission, Delhi finance minister Atishi said on Tuesday. Singh's demand comes a day after she presented a ₹76,000-crore state budget for FY25, slightly bigger than the FY23 budget of ₹74,900 crore but …

Delhi Taxes Budget Union State Singh Tax Revenue
State-level rumbles in the Indian federation: Can the 16th FC help?
9 months, 3 weeks ago

State-level rumbles in the Indian federation: Can the 16th FC help?

Live Mint  

These are tumultuous times, with the resurgence of farmer unrest. It is better to adjust the target in that manner, so that the reported gross tax revenue can be directly used thereafter to compare the percentage states actually got with the adjusted target. In FY23, states received in aggregate ₹9.5 trillion as their tax share, which was 31.1% of the …

India Tax States Indian Revenue Statutory Share
Punjab registers 22% jump in tax revenue
10 months ago

Punjab registers 22% jump in tax revenue

Hindustan Times  

Chandigarh : Punjab registered a 22% year-on-year jump in tax revenue in first 10 months of the financial year 2023-24 due to robust demand and stricter compliance. Punjab registered a 22% year-on-year jump in tax revenue in first 10 months of the financial year 2023-24 due to robust demand and stricter compliance. The tax revenue stood at ₹53,617 crore in …

Tax Revenue State Period Crore Punjab Tax Revenue