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2 mins read

As India’s income inequality worsens beyond British-era levels, majority want to tax the rich, study reveals

A study by the World Inequality Lab has shown that Indian billionaires already own a disproportiona…

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3 mins read

Coalition politics, weakened mandate could make passing legislations on ambitious reforms challenging: Fitch

As the NDA is all set to form the government, Fitch Ratings on Thursday said coalition politics and…

PTI   


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4 mins read

New govt to inherit strong economy, focus on making India developed nation by 2047

India's world record beating economic growth rate together with robust tax revenues, a fast expandi…

PTI   


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2 mins read

Seven years of GST has lowered taxes and improved lives of 140 crore Indians: PM

The PM also highlighted that after the implementation of GST, the savings of the poor and the commo…

ANI   


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2 mins read

Sitharaman underlines Centre's support to states via timely tax devolution, GST compensation arrears

In her remarks, the Union finance minister underlined the government's support to states through ti…

PTI   


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1 min read

Bill to amend Central Goods and Services Tax Act introduced in Lok Sabha

A bill to align provisions of the Central Goods and Services Tax Act with the Tribunal Reforms Act …

ANI   


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2 mins read

Blackstone to invest $2 bn every year in India; wants quicker M&A clearances

Global private equity major Blackstone Group is confident of investing USD 2 billion annually in In…

PTI   


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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,Lloyd Lee   


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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   


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1 min read

Avoiding a US debt crisis is 'economically easy,' but politics stands in the way of urgent reform, research firm says

"Rising debt levels would, at some point, increase inflation and interest rates as well as depress …

Filip De Mott   


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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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6 mins read

US synagogues face skyrocketing security costs. Rabbis call it an 'antisemitism tax.'

Synagogues require heavier security as antisemitic incidents surge amid the Israel-Hamas war. Rabbi…

Talia Lakritz   


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2 mins read

Biden says Rick Scott's controversial tax plan is 'extreme, as most MAGA things are'

"If they hadn't put this in print, you'd think I was making it up," the president said in a speech …

Juliana Kaplan,Ben Winck   


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3 mins read

Joe Manchin gave a fresh hint on what he wants from a skinny Build Back Better: 'Just fix the tax code'

It's sometimes hard to know what, exactly, Sen. Joe Manchin wants from legislation — but it s…

Juliana Kaplan,Joseph Zeballos-Roig   


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2 mins read

Justice Elena Kagan publicly contradicts Alito, says Congress can pass SCOTUS ethics reforms

Kagan stressed that she was not directly responding to Alito, but it is very clear she holds a diff…

Brent D. Griffiths   


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3 mins read

Ben Winck   


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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   


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2 mins read

Kyrsten Sinema voices support for minimum corporate tax, breathing life into key funding source for Biden's agenda

A higher corporate tax, which Sinema reportedly opposed in recent weeks, would raise hundreds of bi…

Ben Winck   


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2 mins read

Biden warns corporations like Apple, Disney, and Exxon Mobil that are trying to squash his tax hikes: 'I'm going to take them on'

"It's time for working families, the folks who built this country, to have their taxes cut," Biden …

Ayelet Sheffey   


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2 mins read

Biden ditches a corporate tax rate increase in his bipartisan infrastructure deal - for now

Earlier today, President Joe Biden said "we have a deal" on infrastructure. It doesn't include hiki…

Juliana Kaplan,Joseph Zeballos-Roig