You Searched For "Tax" and got 16 results
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1 min read
Direct tax collections rise 31% to ₹10.54 lakh crore in FY23 so far
Direct tax collections, up to November 10, stood at Rs 10.54 lakh crore, 30.69 per cent higher than…
2 mins read
The IRS could auto-fill nearly half of taxpayers returns, according to a new paper — meaning they wouldn't have to spend time and money filing their taxes
Right now, Americans spend billions of dollars — and hours — preparing their taxes. But many could …
Juliana Kaplan
3 mins read
American corporations are paying their fair share - to international tax havens
Seven out of the 10 top countries where US multinational companies report profits are tax havens, a…
Juliana Kaplan
3 mins read
America's wealthiest 0.1% will pay $1 million more a year under Biden's tax plan. Lower-income parents will see big cuts.
"Millionaires and billionaires are paying a lower tax rate than teachers and firefighters," Preside…
Juliana Kaplan,Andy Kiersz
1 min read
Direct tax collections surge 35% but fall short of estimates
Gross direct tax collections stood at Rs 6.48 lakh crore till September 8, which is 35.46 per cent …
2 mins read
The G-7 will reportedly back a global minimum tax, a major step forward for the historic tax change
A global minimum corporate tax rate would stop companies from moving to a different country to get …
Juliana Kaplan
2 mins read
The US government is set to collect a record-high $2.6 trillion in income taxes — and a third of that is because people got raises
The Congressional Budget Office estimates income tax revenue went up by 28% in 2022. It's partially…
Juliana Kaplan
2 mins read
Indonesia could start taxing its highest earners more
Indonesia is the latest country to look into potential tax reforms in the wake of the pandemic, wit…
Juliana Kaplan
3 mins read
Biden wants to make sure billionaires pay at least a 20% income tax including on their massive pandemic-era stock gains
Billionaires added $1.7 trillion to their cumulative wealth during the pandemic. President Biden's …
Juliana Kaplan,Joseph Zeballo…
1 min read
A Texas tax accountant was arrested after pulling a gun on a client during an argument over paperwork
Tax accountant Latunya Wright was arguing with a customer who said she's being audited by the IRS. …
Bre'Anna Grant
3 mins read
Millions of Americans may finally get their tax refund checks as the IRS clears out a backlog of 8 million 2021 returns
The IRS has been drowning in paper, and taking months to process tax returns — which held up refund…
Juliana Kaplan
2 mins read
Janet Yellen signals Biden is still open to a wealth tax. Even without one, wealthy Americans likely face hikes.
Treasury Secretary Yellen previously said a wealth tax has implementation issues and the Biden admi…
Juliana Kaplan
2 mins read
The IRS chief says the agency will get through its backlog of unprocessed tax returns 'before December'
Millions of Americans were waiting on tax refunds for months in 2021. The IRS is aiming to get them…
Juliana Kaplan
3 mins read
The wealthiest 1% of Americans dodge $163 billion in taxes every year, Treasury says
Rich Americans know the government likely won't catch their antics, Treasury said. Beefing up IRS e…
Ben Winck,Juliana Kaplan
2 mins read
Biden roasts 55 companies like Nike and FedEx for paying less in taxes than the price of a cup of coffee
A pumpkin spice latte costs $5 - more than some of America's biggest companies' tax bills, says an …
Juliana Kaplan
3 mins read
Move aside, hot vax summer. Biden is bringing hot tax summer to the US.
As infrastructure talks heat up, who's paying and who's receiving taxes is set for the spotlight. T…