The current gap between US federal spending and tax revenue is larger than ever outside of major war or crisis. Federal ...

The budget aims to include key sectors under GST, streamline assessment processes, and provide clarity on plant and machinery ...

Highlights:,Double-tax agreements prevent individuals and companies from being taxed twice on the same income across two ...

October 24, 2020, Opinion: "Economists broadly agree that placing a price on carbon, whether through a cap-and-trade program or a tax, is a key element of an economically efficient suite of policies ...

Unredeemed vouchers are also not taxable. CBIC also issued clarifications on Input Tax Credit (ITC) for Ex-Works Contracts and e-commerce operators. New Delhi: India's Central Board of Indirect Taxes ...

Such ties stand in contrast to the deeply held views of Mr Navarro, co-author of “Death by China”, a book about China’s threat to America’s economic dominance. Even tax cuts—an axiom of ...

But the left-leaning Institute on Taxation and Economic Policy (ITEP) has termed the trend an "anti-tax playbook" that could eventually crimp public services. Lawmakers typically argue that ...

Earnings over $176,100 per year, which is the cap on earnings taxed by Social Security, escape tax. A civil engineer earning $176,100 per year looks the same as Elon Musk in the eyes of the Social ...

and will be changed subject to improvement of economic conditions. The new plan approved a hike in taxes, and capped a series of subsidies, as well as public sector wages and pensions, which were ...

KUWAIT CITY, Dec 31: Minister of Finance and Minister of State for Economic Affairs and Investment, Noora Al-Fassam, stated on Monday that the implementation of a new tax on multinational entities ...

Losses can also offset up to $3,000 of ordinary income annually. Unused losses carry forward indefinitely as per current tax rules. Beware of wash sale rules (as per the IRS cryptocurrencies are ...

KUWAIT, Dec 30 (KUNA) -- Imposing new taxes on multinational enterprises (MNEs) would contribute to boosting the national economy and competitiveness, Minister of Finance and Minister of State for ...