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GST Council likely to levy 18% tax rate on corporate guarantees for loans
The GST Council is likely to introduce an 18 per cent tax rate on corporate guarantees extended by …
New parents could get $6,000 for the first year of their child's life and a restored child tax credit in Kamala Harris' new economic plan
Vice President Kamala Harris is proposing tax cuts for new parents and working families as she gear…
Ayelet Sheffey,Juliana Kaplan
IOC Q2 net profit jumps to Rs 12,967 cr; half yr profit tops best-ever full-year earning
State-owned Indian Oil Corporation (IOC) on Tuesday reported a return to profitability with a net p…
PTI
Donald Trump is dangling tax cuts and less red tape to win over top CEOs
Apple's Tim Cook and JPMorgan boss Jamie Dimon were both seen at a DC event where Donald Trump spok…
George Glover
Wyoming, Delaware, and Montana are the most entrepreneurial states of 2024 so far. It might be due to business-friendly taxes.
Wyoming, Delaware, and Montana lead the US in new business formations this year. Cheap costs and fa…
John Towfighi,Juliana Kaplan
A Gen Zer quit a corporate job paying $94,000 to become a reseller and content creator: 'It's not somewhere I wanted to be for the next 40 years of my life'
Amber Smith quit a tech job in favor of her flexible side hustles. She no longer has to stress over…
Madison Hoff
The IRS has failed to police the huge tax breaks offered by Puerto Rico, whistleblower claims
According to The New York Times, an IRS insider wrote that less than 1% of those using a Puerto Ric…
Filip De Mott
The Biden administration wants to quadruple taxes on stock buybacks
Goldman Sachs estimates there will be a record $1 trillion worth of corporate stock buybacks in 202…
Matthew Fox
I 'escaped' Texas for Tennessee. I loved the food and tech scene, but got tired of the heat and rising property taxes.
Jim Ward, who moved to Tennessee in 2021 after 20 years in Texas, said his life has greatly improve…
Alcynna Lloyd
The House passes a bill to give parents a boosted child tax credit and businesses tax relief
Families that are covered under the legislation could see their 2023 taxes cut by $680.
Juliana Kaplan,Ayelet Sheffey…
BPCL shares rally 5% after earnings announcement
On the NSE, it climbed 5 per cent to Rs 621.95. BPCL on Thursday reported a 30 per cent fa…
PTI
Bumper corporate profits helped prevent mass layoffs and a recession, says leading economist
Big corporate profits led to employers retaining workers, which helped shore up spending and preven…
Theron Mohamed
Stocks unlikely to be impacted by windfall tax removal
Windfall tax or the Special Additional Excise Duty (SAED) on domestically produced crude petroleum …
India Inc marks slowest quarterly revenue growth in January-March 2024: Crisil
Corporates in India have likely logged a 4-6 per cent revenue growth in the January-March quarter, …
ANI
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…
Vermont is debating a 'millionaires tax.' Massachusetts added $1 billion to its budget and paid for school lunches with a similar tax.
Vermont lawmakers are debating a 3% tax on residents earning more than $500,000 yearly. It would be…
Kenneth Niemeyer
Infosys says it appealed against UK's corporation tax assessment
Infosys, a software services company, admitted on Tuesday that it has appealed against a corporatio…
PTI
Biden wants a space tax on companies like SpaceX and Blue Origin that launch in the US
His budget proposal suggests rewriting the aviation excise tax structure so space companies pay the…
Marianne Guenot
Russia is eyeing big tax hikes after this month's election to pay for the war in Ukraine
Putin is widely expected to coast to reelection, after which Bloomberg reported that the country co…
Yuheng Zhan
President Biden's new budget wants to bring back the child tax credit and make sure Americans don't face Social Security cuts all while taxing billionaires and big companies more
President Joe Biden's latest budget proposal would expand the child tax credit and create a paid-le…