Taxes

UK PM race widens with foreign minister Liz Truss entering the fray

For a traditionally low-tax favouring Conservative Party, the focus of the race is expected to be on the candidates' plans to cut taxes

Government committed to make sure capital expenditure continues to support economic growth: CEA

The government has taken various steps — including lowering taxes, the continuation of privatisation, setting up institutions for sequestering bad loans and managing them and launching an asset monetisation drive — to strengthen the real economy

The Bidens paid 24.6% taxes on $610,702 earnings, show returns; similar to 2020

The totals were similar to the Bidens’ 2020 returns, when they reported earning $607,336 as he ran for president. They reported a federal income tax rate of 25.9% then

Elon Musk lives up to Twitter promise, sells $1.1 billion in Tesla shares to pay taxes

The sales, disclosed in two regulatory filings late Wednesday, will cover tax obligations for stock options granted to Musk in September.

Income tax refunds over Rs 67,400 crore issued in five months of this fiscal

Of this, income tax refunds of Rs 16,373 crore have been issued in over 22.61 lakh cases and corporate tax refunds of Rs 51,029 crore have been issued in over 1.37 lakh cases

Union Budget 2021: Real estate sector seeks sops to boost housing demand

The demands include personal tax relief, tax rebate on housing, extension of interest subvention, GST waiver, infrastructure status for the realty and easing liquidity for the sector

Union Budget 2021: Focus must be on creating demand, encouraging infrastructure spending, says India Inc survey

India Inc expects the government to continue with its policy focus on strengthening the manufacturing ecosystem, promoting research and development, and incentivising futuristic technologies

Union Budget 2021: Gems, jewellery industry seeks reduction of import duty to 4%

All India Gem and Jewellery Domestic Council chief Ashish Pethe said the EMI facility should be extended to their industry and to increase the cash purchase limit to Rs 1 lakh from Rs 10,000

Donald Trump's taxes show chronic losses and many years of income tax avoidance

One Trump enterprise that has been regularly profitable and is a persistent source of concern about ethical conflicts and national security lapses, is the Mar-a-Lago club

Income Tax Department notifies minimum fees for managers of India-based offshore funds

The income tax department has notified the minimum fee to be received by India-based fund managers of an overseas fund