Corporate Tax Cut
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Japan’s Financial Regulator May Cut Crypto Tax, Encourage Investors to Engage with VDAs
In Japan, crypto-generated earnings are currently taxed between 15 and 55 percent. However, authorities are considering reducing this tax rate to a flat 30 percent for corporate investors and 20 percent for individual investors in FY 2025.
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Switzerland Set To Introduce Global Minimum Corporate Tax, Climate Law
Swiss voters looked set to approve proposals to introduce a global minimum tax on businesses and a climate law that aims to cut fossil fuel use and reach zero emissions by 2050, projections by public broadcaster SRF showed on Sunday.
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Windfall Tax On Crude Oil, Aviation Fuel Cut, New Rates To Come Into Effect From February 16
The levy on crude oil produced by companies such as Oil and Natural Gas Corporation (ONGC) has been cut to Rs 4,350 per tonne from Rs 5,050 per tonne, the order dated February 15 said.
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Corporate Tax Collection Exceeds 3% Of GDP In 2021-2022 After Gap Of 2 Years
In 28 years, the government had gone for the highest cut by almost 10 percentage points in corporate tax rates for new manufacturing units in 2019-20. The mop up and ratio slipped to 2.77 per cent of GDP in 2019-20 on account of the cut in corporate tax rate.
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Liz Truss' Big Move After Firing Finance Minister Over UK Tax Cut Fiasco
Embattled British Prime Minister Liz Truss on Friday announced another drastic U-turn to her tax-slashing mini-budget last month which has prompted market turmoil, vowing to raise corporation tax after all.
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"Raise Taxes For People, Cut Taxes For Mitron": Rahul Gandhi Slams Centre
Former Congress president Rahul Gandhi on Sunday accused the government of imposing high taxes on common people and reducing tax to its "friends".
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Country's Fundamentals Strong Due To Government Measures: Finance Minister
Finance Minister Nirmala Sitharaman on Wednesday said that country's fundamentals are sound again due to various measures taken by Centre since 2014
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Finance Minister Urges Corporates To Support Economic Growth
Finance minister Nirmala Sitharaman on Saturday asked corporates to invest in the economy so that the virtuous cycle kicks in
-
Tax Holiday For Startups, Relief For Senior Citizens: Top 10 Tax Highlights Of Budget 2021
Budget 2021 Tax Highlights: In a major tax relief for senior citizens, Finance Minister Nirmala Sitharaman while presenting Budget 2021 announced that citizens aged 75 years and above, who only have pension and interest income are now exempted from filing the tax returns. In last year's budget, a major cut in the tax rates for the salaried class wa...
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Petrol, Diesel Prices Slashed By Up To 16 Paise Across Metros
State-owned oil marketing companies on Monday revised prices of the two auto fuels across the metro cities. As per the notification from Indian Oil Corporation, petrol and diesel prices were slashed between 13 paise to 16 paise respectively. In Delhi, petrol rates were cut by 14 paise bring down the price to Rs. 81.72 per litre from Rs. 81.86 per l...
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Diesel To Be Cheaper By Over Rs 8 In Delhi, VAT Cut To 16.5%: Arvind Kejriwal
Delhi Chief Minister Arvind Kejriwal on Thursday announced a reduction in value added tax or VAT applicable to diesel to 16.75 per cent, which would bring down the price of the fuel by more than Rs 8 per litre in the national capital. Until now, the value added tax was at 30 per cent in Delhi. Currently, the rate of diesel is Rs 81.94 per litre in ...
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In Relief For Small Businesses, Rs 5,204-Crore Income Tax Refunds Issued In 10 Days
These income tax refunds will help MSMEs carry on their business activities without pay cuts and layoffs in the COVID-19 pandemic situation.
-
Opinion: PM Modi's Budget Won't Solve India's Economic Crisis
Virtually every industry, from banking and auto to real estate, power and telecom is in disarray. The fiscal space available to fight the slowdown is limited.
-
Government Faces First Fall In Direct Taxes In At Least Two Decades: Report
A sharp decline in demand has stung businesses, forcing companies to cut investment and jobs, denting tax collections.
-
PM Modi Seeks Advice From 130 Crore Indians For Budget 2020
Government is expected to announce tax concessions for individuals and increase spending on infrastructure after cutting corporate tax rates last year.
-
Japan’s Financial Regulator May Cut Crypto Tax, Encourage Investors to Engage with VDAs
In Japan, crypto-generated earnings are currently taxed between 15 and 55 percent. However, authorities are considering reducing this tax rate to a flat 30 percent for corporate investors and 20 percent for individual investors in FY 2025.
-
Switzerland Set To Introduce Global Minimum Corporate Tax, Climate Law
Swiss voters looked set to approve proposals to introduce a global minimum tax on businesses and a climate law that aims to cut fossil fuel use and reach zero emissions by 2050, projections by public broadcaster SRF showed on Sunday.
-
Windfall Tax On Crude Oil, Aviation Fuel Cut, New Rates To Come Into Effect From February 16
The levy on crude oil produced by companies such as Oil and Natural Gas Corporation (ONGC) has been cut to Rs 4,350 per tonne from Rs 5,050 per tonne, the order dated February 15 said.
-
Corporate Tax Collection Exceeds 3% Of GDP In 2021-2022 After Gap Of 2 Years
In 28 years, the government had gone for the highest cut by almost 10 percentage points in corporate tax rates for new manufacturing units in 2019-20. The mop up and ratio slipped to 2.77 per cent of GDP in 2019-20 on account of the cut in corporate tax rate.
-
Liz Truss' Big Move After Firing Finance Minister Over UK Tax Cut Fiasco
Embattled British Prime Minister Liz Truss on Friday announced another drastic U-turn to her tax-slashing mini-budget last month which has prompted market turmoil, vowing to raise corporation tax after all.
-
"Raise Taxes For People, Cut Taxes For Mitron": Rahul Gandhi Slams Centre
Former Congress president Rahul Gandhi on Sunday accused the government of imposing high taxes on common people and reducing tax to its "friends".
-
Country's Fundamentals Strong Due To Government Measures: Finance Minister
Finance Minister Nirmala Sitharaman on Wednesday said that country's fundamentals are sound again due to various measures taken by Centre since 2014
-
Finance Minister Urges Corporates To Support Economic Growth
Finance minister Nirmala Sitharaman on Saturday asked corporates to invest in the economy so that the virtuous cycle kicks in
-
Tax Holiday For Startups, Relief For Senior Citizens: Top 10 Tax Highlights Of Budget 2021
Budget 2021 Tax Highlights: In a major tax relief for senior citizens, Finance Minister Nirmala Sitharaman while presenting Budget 2021 announced that citizens aged 75 years and above, who only have pension and interest income are now exempted from filing the tax returns. In last year's budget, a major cut in the tax rates for the salaried class wa...
-
Petrol, Diesel Prices Slashed By Up To 16 Paise Across Metros
State-owned oil marketing companies on Monday revised prices of the two auto fuels across the metro cities. As per the notification from Indian Oil Corporation, petrol and diesel prices were slashed between 13 paise to 16 paise respectively. In Delhi, petrol rates were cut by 14 paise bring down the price to Rs. 81.72 per litre from Rs. 81.86 per l...
-
Diesel To Be Cheaper By Over Rs 8 In Delhi, VAT Cut To 16.5%: Arvind Kejriwal
Delhi Chief Minister Arvind Kejriwal on Thursday announced a reduction in value added tax or VAT applicable to diesel to 16.75 per cent, which would bring down the price of the fuel by more than Rs 8 per litre in the national capital. Until now, the value added tax was at 30 per cent in Delhi. Currently, the rate of diesel is Rs 81.94 per litre in ...
-
In Relief For Small Businesses, Rs 5,204-Crore Income Tax Refunds Issued In 10 Days
These income tax refunds will help MSMEs carry on their business activities without pay cuts and layoffs in the COVID-19 pandemic situation.
-
Opinion: PM Modi's Budget Won't Solve India's Economic Crisis
Virtually every industry, from banking and auto to real estate, power and telecom is in disarray. The fiscal space available to fight the slowdown is limited.
-
Government Faces First Fall In Direct Taxes In At Least Two Decades: Report
A sharp decline in demand has stung businesses, forcing companies to cut investment and jobs, denting tax collections.
-
PM Modi Seeks Advice From 130 Crore Indians For Budget 2020
Government is expected to announce tax concessions for individuals and increase spending on infrastructure after cutting corporate tax rates last year.
