News Muncher - category taxes

1 day, 2 hours ago

Former bureaucrat urges Chief Minister to focus on developing North Coastal Andhra and Rayalaseema, not just Amaravati capital

Sarma from the city has written a letter to Chief Minister Nara Chandrababu Naidu, urging him to focus on the development of North Coastal Andhra and Rayalaseema as well. He said that by focussing on Amaravati alone and investing ₹50,000 to ₹60,000 crore in the name of development of Amaravati Capital, injustice will be done to these two regions. He …

Rayalaseema

GST Council meets to decide on lower taxes on insurance policies, ATF inclusion

Deccan Chronicle

Jaisalmer: The 55th GST Council meeting which is expected to decide on reducing the tax rate on health and life insurance, besides considering rate rejigs on 148 items began here on Saturday. However, 18 per cent GST will continue on premiums paid for policies with health insurance cover of over Rs 5 lakh. The four-tier tax slab of 5, 12, …

Insurance Tax Council Cent Rate Gst 5 Per Cent

2 days, 16 hours ago

Trump ally seeks 'dramatic increase in corporate taxes' — until 'they start squealing'

Raw Story

One of President-elect Donald Trump's longtime confidants is calling on him to inflict "pain" on the wealthiest Americans and corporations in the form of higher taxes during his second term in the White House. In a wide-ranging Friday interview with Semafor reporter David Weigel, Steve Bannon — who was Trump's former chief White House strategist — indicated he wanted the …

Tax Taxes Trump Bannon Dramatic Increase

3 days, 16 hours ago

More than half of households receive more cash in benefits than they pay in taxes, figures reveal

Daily Mail

More than half of households - or 35 million people - received more in benefits than they paid in taxes last year according to official figures. It comes as Labour grapples to bring down the £137 billion benefits bill - and after the Prime Minister promised ‘sweeping changes’. The 35 million who received more benefits than they paid in taxes …

Benefits Million Cent More Than Half

3 days, 18 hours ago

ALEX BRUMMER: An utterly dismal economic picture ...and Reeves has only herself to blame

Daily Mail

How deceitful, how stale, Labour’s election pledges look now. Notoriously, Rachel Reeves hiked taxes by £40 billion in her first Budget, thanks to a vicious increase in employers’ National Insurance – a move that is having a baleful effect on the very ‘working people’ she and her colleagues mendaciously promised to protect. At the very least – after the Tories …

Labour Budget Reeves Dismal Economic

4 days, 5 hours ago

Nearly HALF of Brits who haven't retired - 25m people - live in households that get more from the state than they pay in taxes

Daily Mail

Nearly half of Brits who have not retired live in households that get more from the state than they pay in taxes. The ONS figures showed the median equivalised household income before taxes and benefits was £37,300 in 2022-23 The proportion who are net beneficiaries has been rising steadily since the 1970s, but surged in Covid. The ONS figures showed …

Benefits Taxes Cent Brits Retired Live

5 days, 3 hours ago

Labour’s betrayal of Waspi women is a sign its problems now go far beyond pensioners

The Independent

Saying one thing to get elected and doing something else after winning worked brilliantly for Keir Starmer… once upon a time. Only two and a half years ago, Starmer said: “It’s a real injustice – we need to do something about it.” On Tuesday, Liz Kendall, the work and pensions secretary, announced what the government had decided to do about …

Tax Labour Sun Starmer Thing One Thing Waspi

5 days, 21 hours ago

Trump’s tax cuts expire soon − study shows devastating effect they had on many

Raw Story

By Beverly Moran, Professor Emerita of Law, Vanderbilt University The Tax Cuts and Jobs Act, a set of tax cuts Donald Trump signed into law during his first term as president, will expire on Dec. 31, 2024. Just like prior “trickle down” plans, Trump’s corporate tax cuts did not produce higher wages or increased household income. Stock market inequality Trump’s …

Tax Taxes Black Trump Health Insurance Americans Irs

6 days, 17 hours ago

How big corporates are choking middle class, hurting India growth story

India Today

Industrialists and corporates played a big role in building the India Story and shaping its emerging economy. "India grew at 5.4% in the July-September quarter and the consumption component has been seeing lower growth in the last four-five quarters," political analyst and commentator Amitabh Tiwari tells India Today Digital. Salary hike: average wages across six sectors Sector 2019 2020 2021 …

India Growth Corporate Tax Taxes Income Tax Corporate Tax

1 week ago

Republicans take aim at popular program to drum up support for tax cuts for wealthy

Raw Story

Republican lawmakers are looking to roll back a program to make the Internal Revenue Service more user friendly as a ploy to garner sympathy for tax cuts for the rich. The IRS extended a pilot program earlier this year allowing some Americans to file their taxes directly to the agency for free, which many users praised as "so darn easy" …

Tax Republican Direct Americans Brown File Irs

1 week ago

How D Gukesh will end up paying more taxes than MS Dhoni's IPL salary after World Championship triumph

Firstpost

D Gukesh earned a whopping US$1.3 million, or Rs 11.45 crore, after being crowned the youngest chess world champion in Singapore last week. Having won US$ 200,000 for each of his three victories in the ‘Best of 14 Games’ series to decide the champion, and the rest of the prize money getting equally split between the two players, Gukesh ended …

Singapore World Tax Pay Gukesh Champion World Championship

1 week ago

Jeff Bezos became world’s richest man despite earning a ‘humble’ salary at Amazon—here’s how

Live Mint

Jeff Bezos was the world’s richest person until Elon Musk overtook him in October 2024. Bezos earned the top spot despite earning a ‘humble’ salary of just $80,000 per year as Amazon’s founder, which is approximately ₹67 lakh, according to The New York Times. If Bezos had earned $80,000 per year for 20 years, as he did during his time …

Salary Amazon Bezos Jeff Jeff Bezos Richest Man His Salary

1 week ago

Voltas’ fortune tied to AC business despite Voltbek optimism

Live Mint

The cool comfort that stock returns of air conditioner company Voltas Ltd gives is offset by its valuation. Looking at the market capitalization of Voltas at ₹60,000 crore, the company’s 49% stake is valued at about ₹3,500 crore or merely 6% of overall valuation, according to ICICI Securities report dated 10 December. This leaves a residual market capitalization of ₹57,000 …

Business Profit Crore Valuation Voltas Voltbek Ebitda Ac

1 week ago

Former FBI informant Alexander Smirnov pleads guilty to lying about Bidens

Salon

A former FBI informant whose claims were cited by Republicans in their effort to impeach Joe Biden pleaded guilty Monday to fabricating allegations of corruption involving the president and his family, the Associated Press reported. Alexander Smirnov was indicted in February for peddling false claims about Biden and his son, Hunter, supposedly receiving millions of dollars in bribes from a …

Biden Fbi Bidens Son Hunter Smirnov Pleads

Amazon founder Jeff Bezos reveals details of his salary

India Today

Amazon founder Jeff Bezos, one of the world’s wealthiest individuals, recently revealed that despite his huge fortune, his annual salary at the company remained fixed at $80,000 for many years. Bezos' approach to keeping a low salary had some big financial implications, particularly when it came to taxes. This practice of earning little in official salary while benefiting primarily from …

Salary Tax Amazon Bezos His Decision

1 week, 1 day ago

ITR advance tax deadline today: Who all should pay these taxes? All you need to know

Live Mint

As the third installment of advance tax is due on December 15, taxpayers are reminded of the importance of adhering to this deadline to stay compliant and avoid penalties. Advance tax, often referred to as the "pay-as-you-earn" tax, is a requirement for individuals and businesses whose tax liability for the financial year exceeds ₹10,000. Salaried individuals are also required to …

Income Liability Advance Tax Deadline 15 Taxpayers

1 week, 2 days ago

Here's what happens when the world's richest man buys the presidency

Raw Story

In 1935, President Franklin Roosevelt created Social Security, an insurance contract between Americans and the federal government that pays out on certain life events. Trump’s GOP will be making “hard” choices, meaning they will be cutting benefits, in order to fund tax cuts for wealthy donors. Musk and Ramaswamy went to Capitol Hill last week to talk up their plans …

Trump Social Security Income Musk Elon Musk Gop Million

1 week, 2 days ago

‘India must impose more taxes on super-rich’: Economist Thomas Piketty as top 1% hold over 40% of nation’s wealth

Live Mint

NEW DELHI - India should do more to tax its super-rich given its high levels of inequality, French economist and author Thomas Piketty said on Friday. "India should be active in taxing the rich," Piketty said at an event organised by Delhi-based think tank Research and Information System for Developing Countries and the Delhi School of Economics. He said India …

India Tax Indian Rich Piketty

1 week, 2 days ago

Income tax news: How much money you can save if you pay advance tax on or before December 15— explained

Live Mint

The term "advance tax" describes the portion of income tax that must be paid in instalments by the deadlines rather than all at once. If taxpayers' income tax liability exceeds ₹10,000, they must pay advance tax; otherwise, they will be subject to penalties and penal interest. You can avoid interest penalties under Sections 234B and 234C of the Income Tax …

Mumbai Income Tax Interest Advance Balwant Jain Paid Pay

1 week, 2 days ago

Canada hits back at Trump over 25% tariff threat, vows 'robust and effective' response

Firstpost

Trump has said he will keep the tariffs in place until Canada clamps down on drugs and migrants crossing the border Canada's Deputy Prime Minister and Minister of Finance Chrystia Freeland speaks during a press conference in Ottawa, Ontario, Canada November 6, 2024. Reuters Ottawa and the provinces will respond robustly if the incoming US administration goes ahead with a …

Trump Tariff Freeland Ottawa Export Taxes Canada Hits

1 week, 2 days ago

Cabinet will not introduce new Box 3 savings tax, causing €2.5 Billion shortfall

NL Times

The Dutch government’s proposed overhaul of the Box 3 tax system, which taxes savings and investments, has been officially delayed by one year, State Secretary for Fiscal Affairs Tjebbe van Oostenbrugge announced. In June, the Supreme Court determined that the existing Box 3 tax unfairly burdened taxpayers by assuming a fixed return on savings, investments, and additional real estate. The …

Real Estate Council State System Box Savings Tax

1 week, 2 days ago

Documentary sheds light on untold stories

China Daily

A scene from the documentary "Old overseas Chinese will not be silenced" that is previewed in Tokyo, Japan on December 13, 2024. "I hope that through such initiatives, justice can be restored and fairness achieved so that the Japanese people understand the immense suffering the Chinese endured," he said. He pointed out that Article 9 of Japan's Constitution explicitly states …

China Japan Japanese Chinese Meng

1 week, 2 days ago

Documentary sheds light on untold stories

China Daily

By JIANG XUEQING in Tokyo | China Daily | Updated: 2024-12-14 06:59 A scene from the documentary "Old overseas Chinese will not be silenced" that is previewed in Tokyo, Japan on December 13, 2024. "I hope that through such initiatives, justice can be restored and fairness achieved so that the Japanese people understand the immense suffering the Chinese endured," he …

China Japan Japanese Chinese Tokyo Meng

1 week, 2 days ago

Documentary sheds light on untold stories

China Daily

By JIANG XUEQING in Tokyo | China Daily | Updated: 2024-12-14 06:59 A scene from the documentary "Old overseas Chinese will not be silenced" that is previewed in Tokyo, Japan on December 13, 2024. "I hope that through such initiatives, justice can be restored and fairness achieved so that the Japanese people understand the immense suffering the Chinese endured," he …

China Japan Japanese Chinese Tokyo Meng

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Articles for Taxes

Former bureaucrat urges Chief Minister to focus on developing North Coastal Andhra and Rayalaseema, not just Amaravati capital

GST Council meets to decide on lower taxes on insurance policies, ATF inclusion

Trump ally seeks 'dramatic increase in corporate taxes' — until 'they start squealing'

More than half of households receive more cash in benefits than they pay in taxes, figures reveal

ALEX BRUMMER: An utterly dismal economic picture ...and Reeves has only herself to blame

Nearly HALF of Brits who haven't retired - 25m people - live in households that get more from the state than they pay in taxes

Labour’s betrayal of Waspi women is a sign its problems now go far beyond pensioners

Trump’s tax cuts expire soon − study shows devastating effect they had on many

How big corporates are choking middle class, hurting India growth story

Republicans take aim at popular program to drum up support for tax cuts for wealthy

How D Gukesh will end up paying more taxes than MS Dhoni's IPL salary after World Championship triumph

Jeff Bezos became world’s richest man despite earning a ‘humble’ salary at Amazon—here’s how

Voltas’ fortune tied to AC business despite Voltbek optimism

Former FBI informant Alexander Smirnov pleads guilty to lying about Bidens

Amazon founder Jeff Bezos reveals details of his salary

ITR advance tax deadline today: Who all should pay these taxes? All you need to know

Here's what happens when the world's richest man buys the presidency

‘India must impose more taxes on super-rich’: Economist Thomas Piketty as top 1% hold over 40% of nation’s wealth

Income tax news: How much money you can save if you pay advance tax on or before December 15— explained

Canada hits back at Trump over 25% tariff threat, vows 'robust and effective' response

Cabinet will not introduce new Box 3 savings tax, causing €2.5 Billion shortfall

Documentary sheds light on untold stories

Documentary sheds light on untold stories

Documentary sheds light on untold stories