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3 mins read

Budget 2023: Funding support, liberal tax regime and other things fintechs expect from the government

Industry estimates show that the Indian fintech industry is likely to reach the $1 trillion mark in…

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4 mins read

India budget expectations: Reform in ESOP taxes, allocations needed to address skill gaps

Over the next few years, the biggest challenge for companies in India will be not lack of capital, …

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2 mins read

Biden says 'wacko liberal guy' Ronald Reagan had a higher corporate tax rate than the US has right now

President Biden wants to raise taxes on corporations and billionaires, but Republicans are unlikely…

Juliana Kaplan,Ayelet Sheffey   


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Nirmala Sitharaman arrives at North Block ahead of Union Budget 2023 today

Union Finance Minister Nirmala Sitharaman on Wednesday morning arrived at the Ministry of Finance…

ANI   


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Budget 2023 proposes 20% TCS on foreign expenses under LRS

Overseas education and medical treatment: For both overseas education and medical treatment, t…

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Budget proposes hike in TCS on overseas travel, fund remittances out of India to 20%

Also, 20 per cent TCS will be applicable in cases where funds in excess of Rs 7 lakh are sent out o…

PTI   


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The 25 wealthiest people in America like Bill Gates and Michael Bloomberg paid a lower tax rate than someone earning $45,000, a massive new report shows

The top 25 richest people have a total tax rate of 16%, ProPublica reported. It indicates how inequ…

Juliana Kaplan,Joseph Zeballo…   


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IT sector wants to help the country grow, with aid from the government

The Indian IT sector might be the trump card that could turn India into a $5 trillion economy by 20…

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3 mins read

A leaked tax plan draft shows how Democrats want to raise $2.9 trillion from wealthy Americans and big corporations, rolling back Trump-era tax cuts

A document circulating among House Democrats says high-earning Americans with incomes over $5 milli…

Joseph Zeballos-Roig,Juliana …   


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5 mins read

It's perfectly legal for billionaires to pay so little in taxes. Democrats say they could finally change that after the bombshell ProPublica report.

"To the surprise of nobody I know, the rich and powerful aren't paying their fair share, what else …

Juliana Kaplan,Joseph Zeballo…   


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10 mins read

ProPublica's billionaire tax data shows the importance of closing 2 key tax loopholes. Here's how.

Our tax code has two massive tax loopholes that reward billionaires like Mark Zuckerberg, Jeff Bezo…

Josh Barro   


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4 mins read

Meet the self-made entrepreneur and investor who has long backed progressive legislation - and now wants a wealth tax

Joe Sanberg's family benefited from progressive policies before he invested in Blue Apron. "I want …

Juliana Kaplan   


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4 mins read

House Democrats pass Biden's $2 trillion bill with child allowance and social benefits, sending it to the Senate where Manchin may still sink it

After an eight-hour speech by GOP leader Kevin McCarthy prevented a Thursday night vote, Democrats …

Joseph Zeballos-Roig,Thomas C…   


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3 mins read

Senate Democrats weigh extending Biden's monthly $300 checks to families to 2024 in $3.5 trillion social-spending plan

Some low-income people may be excluded from tapping into the full amount of the child allowance aft…

Joseph Zeballos-Roig   


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6 mins read

The UK has a new Prime Minister meet Liz Truss, the tax-cutting Brexit convert taking over from Boris Johnson

The five-week-long UK leadership election has finished, and Liz Truss has been declared the new Pri…

Bethany Dawson,Catherine Neil…   


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Miami's mayor says people are flocking to Florida because its low taxes are the opposite of 'the socialist model' seen in New York and California

Francis Suarez wrote in the WSJ that "socialist" policies like lower taxes bring people to Florida.…

Alcynna Lloyd   


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Democrats are pushing Biden at the last minute to put a permanently expanded child tax credit in his latest economic plan

Making the monthly checks to parents from the stimulus permanent could collide into barriers in the…

Joseph Zeballos-Roig   


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4 mins read

The $1.9 trillion stimulus bill gives monthly checks to parents, and it could dramatically change America's social safety net forever

The stimulus includes a child tax credit for parents to get up to $3,600 per child. Some Democrats …

Joseph Zeballos-Roig,Hillary …