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You Searched For "Tax system" and got 20 results


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2 mins read

Something Harris and Trump can agree on: Tips for service workers should not be taxed

Both Vice President Kamala Harris and former President Donald Trump favor ending taxes on tipped in…

Katie Balevic   


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1 min read

New York City will sell bonds backed by taxes on mansions to fund the subway

New York will sell bonds backed by a "mansion tax," a one-time tax on properties over $2 million, t…

Kelly Cloonan   


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3 mins read

Budget 2024: Increase standard deduction, exemptions and more, an aam aadmi's wishlist

Note that unless you specifically opt for the old regime, the new tax regime is considered as your …

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4 mins read

Budget 2024: Three things the insurance sector want from FM Sitharaman this budget.

At present, individuals aged below 60 can claim an annual deduction of up to Rs 25,000 towards heal…

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2 mins read

The IRS's free tax filing system is officially open. Here's everything you need to know.

The IRS launched the Direct File tax program in March and residents of 12 states are eligible for t…

Allie Kelly   


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5 mins read

Illinois is launching a basic income pilot for 400 families in the child welfare system in the hopes of reducing maltreatment

Illinois' guaranteed basic income program will give no-strings-attached cash to families in the chi…

Allie Kelly   


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1 min read

Surge in top-up housing loans not system-wide issue, says RBI Governor

Such cases are being dealt at the supervisory level bilaterally, he said. "Such practice…

PTI   


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2 mins read

Jamie Dimon says the 'Buffett rule' approach to taxing the wealthy could solve America's debt problem

The JPMorgan CEO cited the famed rule that million-dollar households should not pay taxes on a lowe…

Filip De Mott   


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3 mins read

Time to push divestment of state-owned banks, says SBI report

With regard to the privatisation of IDBI Bank, it said the government and Life Insurance Corporatio…

PTI   


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4 mins read

Budget 2024: Here's what India's elderlies want

If any amount you receive from NPS is reinvested in the annuity plan, it remains tax-exempt. Howeve…

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2 mins read

Western sanctions are so tight that Russia and China could soon use an ancient trading system. It's worked before.

Due to US secondary sanctions, Chinese banks are now extremely cautious about processing payments f…

Huileng Tan   


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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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2 mins read

Warren Buffett once told Barack Obama the wealthy should pay more tax — and that his wealth is partly down to luck

Warren Buffett complained he shouldn't pay a lower tax rate than his secretary, called out wealth i…

Theron Mohamed   


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2 mins read

Trump's plan to hike tariffs instead of raising taxes could cause the 'mother of all stagflations,' policymakers warn

The Treasury secretary, Janet Yellen, and her predecessor Larry Summers called out Trump's plan to …

Filip De Mott   


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3 mins read

Two tax regimes & rise of freelancers drive people to tax experts, chartered accountants

The option of the new and old tax regimes and complex taxation laws require the assistance of exper…

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4 mins read

People are getting taxed for gig work they've never done

Uber and DoorDash have been sending tax forms to people who have never worked for the gig delivery …

Alex Bitter   


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4 mins read

Falling birth rates are freaking countries out and spawning dubious fixes like tax breaks, cheaper cars, and free surgery

Countries are trying everything to combat declining fertility rates, with some eye-popping approach…

Joshua Zitser   


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2 mins read

The FTC is going to war with tax services that bill themselves as free

Following its Intuit ruling, the FTC set its sights on H&R Block, accusing the company of deceptiv…

Grace Eliza Goodwin   


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2 mins read

Billionaire LinkedIn cofounder Reid Hoffman slams business leaders who support Trump: A 'reliable legal system is not a given'

The LinkedIn cofounder Reid Hoffman argues in The Economist that business leaders' support of Trump…

Grace Eliza Goodwin   


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4 mins read

Tax saving countdown – With 2 months to go, options to consider under 80C

Now that we have stepped into the new year, there are just three months left before the current fin…