Measuring Inequality: Forget Gini, Go with the Palma Ratio Instead
In 2013, Cobham and Sumner proposed an alternative to the Gini co-efficient: the Palma ratio. They named it after José Gabriel Palma, a Chilean economist. Palma noticed that in most countries, the ...
Kiplinger1d
Types of Income the IRS Doesn't Tax
A frustrating thing about working hard to earn money is knowing the IRS will tax a portion of your earnings. Federal taxable income generally includes wages, tips, royalties, commissions ...
internationaltaxreview1d
This month in indirect tax: EU cuts VAT gap but more to be done
Goods and services key to Africa’s tax revenue; electronic exemptions come to Europe; UK private school VAT challenge reaches ...
Business Recorder1d
Current tax slabs ‘prohibitive’ but IMF commitments will be honoured, says PM
Prime Minister Shehbaz Sharif on Wednesday acknowledged that the current tax slabs “are prohibitive”, hampering business ...
US service sector growth picks up; input prices gauge highest in nearly two years
U.S. services sector activity accelerated in December, but a surge in a measure of prices paid for inputs to near a two-year ...
India Infoline3d
Vodafone Idea Sells Firefly Stake for ₹4.5 Crore Amid Tax Dispute
As part of it, Vodafone Idea and iBUS Network signed a Share Purchase Agreement for transferring shareholding in Firefly ...
tbsnews4d
Independent revenue commission on cards for policymaking with businessmen’s input
The National Board of Revenue (NBR) reform committee has recommended forming an independent revenue commission to focus solely on revenue policy formulation with input from stakeholders, including ...
Canada5d
GST/HST credit - Overview
The goods and services tax/harmonized sales tax (GST/HST) credit is a tax-free quarterly payment that helps individuals and families with low and modest incomes offset the GST or HST that they pay. It ...