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3 mins read

Economic Survey 2023-24: Where does India stand on the employment, and what's next?

While the agriculture sector has grown at about 4.18% at constant prices over the last 5 years, Ind…

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2 mins read

Union Finance Minister Sitharaman chairs pre-budget meeting with finance ministers of states, UTs; GST Council to meet later today

Union finance minister Nirmala Sitharaman will be presiding over the meeting. The state ministers, …

ANI   


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5 mins read

What a Trump or Harris presidency would mean for your tax bill

BI looked at how Harris and Trump's tax policies could impact high- and low-income earners, as well…

Juliana Kaplan,Bryan Metzger   


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4 mins read

Despite pandemic and growing health scares, India’s budget share for healthcare continues to decline

As the Finance Minister Nirmala Sitharaman prepares to present the full budget for the current fisc…

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4 mins read

Trump's plan to scrap taxes on tips and overtime could reshape how millions of Americans get paid

Tax proposals from Trump and Harris could incentivize businesses to twist the definition of a tip a…

Ayelet Sheffey   


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5 mins read

Kamala Harris' tax plan for small businesses sounds like it will cost a lot of money — it won't

The proposal may represent an opportunity for bipartisan agreement, as experts told BI that neither…

Alice Tecotzky   


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4 mins read

The top 5% will benefit from Trump's tax plans while the rest of America pays more, a new analysis says

Trump's proposed tariffs could hurt lower earners' wallets, while extending the former president's …

Juliana Kaplan,Ayelet Sheffey   


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2 mins read

Donald Trump reportedly wants to raise tariffs to pay for tax cuts

Critics of Trump's tariff proposals say that they would raise costs for Americans and stoke further…

Filip De Mott   


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2 mins read

'Hit Man' was meant to be set in Houston, but switched to New Orleans because of tax incentives

"Hit Man" is based on a real-life undercover hitman who operated in Houston — but finances shunting…

Ayomikun Adekaiyero   


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4 mins read

Budget 2023-24: What the common man wants on the personal tax front

The government may increase the threshold limit for the highest tax rate from ₹10 lakh to ₹20 lakh,…

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2 mins read

SIMPLY PUT: How will the GST council’s tax changes affect family budgets?

GST rates were being revised to rationalise tax on certain goods and services to correct a…

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3 mins read

Democrats are preparing to reverse a Trump-era tax move - and it could cut taxes for America's wealthiest residents

Taxpayers are capped in how much they can deduct for state and local taxes. Bernie Sanders says he …

Juliana Kaplan,Joseph Zeballo…   


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3 mins read

Don't do your taxes yet. Parents and businesses could benefit from last-minute changes in Congress.

A bipartisan group of lawmakers is considering bringing the expanded Child Tax Credit back, along w…

Ayelet Sheffey,Juliana Kaplan   


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2 mins read

Biden's big spending bill is being partly held up by Democrats squabbling over tax cuts for the rich

Senate Democrats are still feuding over how to structure a tax break that would go to wealthier peo…

Joseph Zeballos-Roig   


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2 mins read

A shocking chart shows how Democrats want to give a tax cut to the top 1% that's 6 times bigger than any other wealth bracket

An analysis from the Tax Policy Center shows a huge tax cut for the 1% who make between $500,000 an…

Andy Kiersz,Ben Winck   


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2 mins read

Trump warns Senate Republicans that they're 'being played' over 'fake infrastructure proposals'

Last month, the White House and a bipartisan group of senators came to an agreement on a tentative …

John L. Dorman   


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3 mins read

Some of America's richest people are just not paying their taxes — and millionaires alone could owe up to $34 billion

The average American paid over $16,000 in income taxes last year. Some millionaires paid nothing.

Juliana Kaplan   


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3 mins read

McConnell supports long-overdue Kentucky bridge project, but rejects proposed corporate tax hikes to fund the work

McConnell is pushing for a more targeted $600 billion infrastructure plan, devoid of corporate tax …

John L. Dorman   


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3 mins read

Finance Minister & the other brains behind the Union Budget who are burning the midnight oil

As the day for the presentation of Union Budget 2023-24 nears, Finance Minister Nirmala Sitharaman …

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2 mins read

The tax deductions you can claim if you have a home loan in 2023-24

When deciding which tax regime to opt for, those with a home loan may prefer the old tax regime, as…