You Searched For "inflation tax" and got 20 results
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2 mins read
IT department declares 363 as cost inflation index for current fiscal
The Cost Inflation Index (CII) for fiscal year 2024-25 is 363, used by taxpayers to calculate long-…
PTI
3 mins read
Americans are obsessed with the economy. Here are the tiny bits Trump and Biden said about Social Security and inflation.
During the first presidential debate, Trump and Biden sparred over who is to blame for inflation. B…
Ayelet Sheffey
2 mins read
Trump's pledge to deport the most US workers in history could trigger recession and an inflation spike, economist says
Trump has promised to carry out the largest deportation operation in US history, which risks settin…
Filip De Mott
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
1 min read
The door is slamming shut on a $50 billion tax loophole used by the superrich
The Treasury and IRS proposed new tax regulations for the uber-wealthy that will result in $50 bill…
Geoff Weiss
3 mins read
A Nobel Prize-winning economist breaks down exactly how Trump's proposed policies could make inflation worse
Inflation has slowed but is above its ideal rate. Nobel Prize-winning economist Joseph Stiglitz bro…
Madison Hoff
3 mins read
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
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
2 mins read
RBI leaves key repo rate unchanged, focus on keeping inflation in check
The Reserve Bank of India (RBI), on Friday, left the key policy rate unchanged at 6.5 per cent in i…
1 min read
Stocks are 'going nowhere' for the next decade as inflation sticks around and US debt balloons, CIO says
The S&P 500 could see double-digit losses on par with the dot-com crash and the Great Financial Cri…
Jennifer Sor
2 mins read
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
2 mins read
Sensex tanks over 900 points on concerns over Middle East conflict, weak global trends
Equity benchmark indices tanked in early trade on Monday, with the Sensex tumbling 929.74 points, a…
PTI
2 mins read
Trump says he wants huge tariffs if elected. That could send inflation spiking.
In an interview with Time Magazine, Trump pushed back on the widely held idea that tariffs on overs…
Filip De Mott
4 mins read
What the latest inflation data means for interest rates
In today's big story, we're looking at what a hotter-than-expected inflation report means for marke…
Dan DeFrancesco
2 mins read
Zimbabwe just introduced a new gold-backed currency in an attempt to fight inflation and wean off the US dollar
The gold-backed ZiG is Zimbabwe's sixth attempt at a new currency since 2008.
Huileng Tan
2 mins read
US stocks climb on tech-led rally as inflation data leaves rate-cut bets intact
"Despite the stickiness of inflation, current Fed policy is clearly restrictive," Jeffrey Roach, Ch…
Filip De Mott
4 mins read
Warren Buffett said he could make a 50% return on $1 million and predicted higher taxes. Here are 14 Q&A nuggets.
Warren Buffett teased a potential Canada bet, predicted Berkshire would surpass $200 billion in cas…
Theron Mohamed
1 min read
Why a Donald Trump presidency could cause an inflation spike
Trump's trade policies to weaken the US's dependence on China could boost prices for American consu…
Aruni Soni
2 mins read
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
1 min read
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…