Listen to this story. A lawyer might refer to Section 61 of the IRS Code 26, which defines “gross” income as “all income from whatever source derived”, including but not limited to commission, interest, property deals and wages. This would include a 25% tax on unrealised capital gains for Americans with more than $100m in assets, which he expects would …
Every year since 2014, the RBI has transferred all the profits it has made to the government It may the first time it has been tried in India, but ‘raiding’ the central bank’s balance sheet and financial resources to meet government spending needs is not uncommon. Now, finance minister Arun Jaitley wants to take Rs 3.6 lakh crore out of …
)