Tax Reform Plan

South Korea has decided to delay the imposition of a 20 percent tax on crypto earnings till 2025. The announcement was made as part of the nation’s 2022 tax reform plan on Thursday, July 21. Seoul’s initial plan to levy a 20 percent tax on yearly crypto gains exceeding $1,900 (roughly Rs. 1.50 lakh), however, remains unchanged.

The government of Australia has begun thinking of ways to regulate the crypto sector. Along with bringing digital assets under the tax regime of the nation, Australia is also aiming to ensure investor protection. Foreign crypto exchanges operating in the country may also have to agree to store Australian data inside the country itself.

A total of 130 countries have agreed a global tax reform ensuring that multinationals pay their fair share wherever they operate, the OECD said on Thursday, but some EU states refused to sign up.

A global reform of the taxation of corporate digital revenues is very unlikely if the United States continues backing a "safe harbour" plan which would allow firms to choose how to be taxed, European Union tax commissioner Paolo Gentiloni said on Tuesday.

The move is likely to be welcomed by digital giants such as Alphabet's Google and Facebook.

The move is likely to be welcomed by Google and Facebook who would have fallen under the scope of the envisaged 3 percent levy.

GST, the government's biggest tax reform, sets rates from 28 per cent to 5 per cent on most items, replacing an array of central and state duties. With an aim to simplify the indirect tax regime, the government plans to move most goods below 18 per cent tax under GST.

US Republicans from both houses of Congress have revealed their joint bill for the biggest overhaul of the country's tax system in 30 years.

Tokyo's benchmark Nikkei dropped 0.7 percent, bringing down MSCI's Asia-Pacific Index 0.4 percent. Excluding Japan, shares in the region were down just 0.05 percent, with mainland Chinese shares rising 0.6 percent to two-year highs.

The Congress got out its top gun on the economy on Tuesday, fielding former Prime Minister Dr Manmohan Singh in Gujarat to amplify party vice president Rahul Gandhi's attack on the Narendra Modi government's mega reforms, the notes ban and new national sales tax GST. Dr Singh said the "twin blow is a complete disaster for our economy, it has broken...

After meeting top party leaders to plan nationwide protests on November 8, the first anniversary of the notes ban, Congress vice-president Rahul Gandhi delivered another instalment of criticism for the government on its reform policies today, calling demonetisation and the new national tax GST "double torpedoes". Demonetisation, Mr Gandhi said, is ...

November 8, the first anniversary of Prime Minister Narendra Modi's shock decision to ban high-denomination notes will be celebrated by the BJP as "anti-black money day", Finance Minister Arun Jaitley has announced.

The market is now waiting to hear from US President Donald Trump on his tax reform plans as he remains under pressure to produce a legislative victory with the collapse of the latest Republican push to repeal Obamacare.

US President Donald Trump said his tax plan will give American businesses a chance to bring back the funds from abroad, and spend them in cities and towns all across the country.

President Donald Trump hits the road on Wednesday on a tour to sell tax reform to everyday Americans and lawmakers, but this campaign pledge is still very short on details.

South Korea has decided to delay the imposition of a 20 percent tax on crypto earnings till 2025. The announcement was made as part of the nation’s 2022 tax reform plan on Thursday, July 21. Seoul’s initial plan to levy a 20 percent tax on yearly crypto gains exceeding $1,900 (roughly Rs. 1.50 lakh), however, remains unchanged.

The government of Australia has begun thinking of ways to regulate the crypto sector. Along with bringing digital assets under the tax regime of the nation, Australia is also aiming to ensure investor protection. Foreign crypto exchanges operating in the country may also have to agree to store Australian data inside the country itself.

A total of 130 countries have agreed a global tax reform ensuring that multinationals pay their fair share wherever they operate, the OECD said on Thursday, but some EU states refused to sign up.

A global reform of the taxation of corporate digital revenues is very unlikely if the United States continues backing a "safe harbour" plan which would allow firms to choose how to be taxed, European Union tax commissioner Paolo Gentiloni said on Tuesday.

The move is likely to be welcomed by digital giants such as Alphabet's Google and Facebook.

The move is likely to be welcomed by Google and Facebook who would have fallen under the scope of the envisaged 3 percent levy.

GST, the government's biggest tax reform, sets rates from 28 per cent to 5 per cent on most items, replacing an array of central and state duties. With an aim to simplify the indirect tax regime, the government plans to move most goods below 18 per cent tax under GST.

US Republicans from both houses of Congress have revealed their joint bill for the biggest overhaul of the country's tax system in 30 years.

Tokyo's benchmark Nikkei dropped 0.7 percent, bringing down MSCI's Asia-Pacific Index 0.4 percent. Excluding Japan, shares in the region were down just 0.05 percent, with mainland Chinese shares rising 0.6 percent to two-year highs.

The Congress got out its top gun on the economy on Tuesday, fielding former Prime Minister Dr Manmohan Singh in Gujarat to amplify party vice president Rahul Gandhi's attack on the Narendra Modi government's mega reforms, the notes ban and new national sales tax GST. Dr Singh said the "twin blow is a complete disaster for our economy, it has broken...

After meeting top party leaders to plan nationwide protests on November 8, the first anniversary of the notes ban, Congress vice-president Rahul Gandhi delivered another instalment of criticism for the government on its reform policies today, calling demonetisation and the new national tax GST "double torpedoes". Demonetisation, Mr Gandhi said, is ...

November 8, the first anniversary of Prime Minister Narendra Modi's shock decision to ban high-denomination notes will be celebrated by the BJP as "anti-black money day", Finance Minister Arun Jaitley has announced.

The market is now waiting to hear from US President Donald Trump on his tax reform plans as he remains under pressure to produce a legislative victory with the collapse of the latest Republican push to repeal Obamacare.

US President Donald Trump said his tax plan will give American businesses a chance to bring back the funds from abroad, and spend them in cities and towns all across the country.

President Donald Trump hits the road on Wednesday on a tour to sell tax reform to everyday Americans and lawmakers, but this campaign pledge is still very short on details.