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"If They Tax Us, We Tax Them": Trump Threatens India With Reciprocal Tariff
US President-elect Donald Trump has reiterated his intention to impose reciprocal tariffs in retaliation for the "high tariff" imposed by New Delhi on import of certain American products.
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"India Biggest Tariff Charger", Will Reciprocate If Elected To Power: Trump
Vowing to introduce a reciprocal tax if elected to power, former US president Donald Trump on Thursday alleged that India, among all major countries, imposes the highest tariffs on foreign products.
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Home Ministry Probing Netflix for Alleged Visa Violations, Racial Discrimination
India is investigating the business practices of US streaming giant Netflix's local operations. The details of India's investigation were included in an email dated July 20, reviewed by Reuters, which was written by a home ministry official to Netflix's former director of business and legal affairs for India, Nandini Mehta, who left the compan...
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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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G20 Prioritises Discussions on Digital Tax Amid Looming Tariff Threats from US
The Group of 20 finance leaders meeting this week for progress on a stalled plan to reallocate taxing rights on large multinational companies.The stakes in the negotiations are high. A failure to reach agreement on final terms could prompt several countries to reinstate their taxes on U.S. tech giants and risk punitive duties on billions of dollars...
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Rupee Slips To Record Low After Government Raises Tax On Capital Gains
The Indian rupee, teetering at an all-time low, slipped further against the US dollar on Tuesday, pressured by the drop in local equities after the government in the Budget proposed raising the tax rate on capital gains.
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US, India Extend Digital Tax Truce to June 30 as Deadline Approaches
The US and India have extended their standstill agreement till June 30, over the former's retaliation over India’s digital-services tax on big tech firms. The development was announced by the US ahead of a deadline for a global deal that will reallocate taxing rights for major US tech firms that provide digital services like Alphabet-owned Google...
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India, US Extend Digital Tax On E-Commerce Supplies Till June 30
India and the US have decided to extend a 2 per cent equalisation levy or digital tax on e-commerce supplies until June 30, the finance ministry said on Friday.
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UK Will Be Seen As Haven For Tax Evaders: S Jaishankar On Extradition Cases
External Affairs Minister S Jaishankar said that India has strongly presented its case relating to the extradition of fugitive economic offenders that have fled the country.
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On Sam Pitroda's US Remark, Shivraj Chouhan's Lesson On "Indian Culture And Tradition"
Shivraj Singh Chouhan has taken a jibe at Sam Pitroda, who heads the Congress's overseas chapter over his remarks on inheritance tax and said that India's culture, tradition, and moral values are not of America.
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India Had Its Own Inheritance Tax Till 1985. Why It Was Abolished
Indian Overseas Congress chief Sam Pitroda's remarks on the US's inheritance tax have sparked a political whirlpool here in India amid the ongoing Lok Sabha elections.
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IRS Expects to See Spike in Crypto Tax Evasion Cases in the US: Report
Arming up to tackle this expected rise in crypto tax evasion cases, the IRS in the US is already forging partnerships with several law enforcement divisions to improve the criminal identification process.
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KuCoin Completes Registration with India’s FIU, Will Deduct 1 Percent TDS on Transactions
KuCoin has become the latest international crypto exchange to have completed compliance with India’s FIU. The tax deduction process on KuCoin for Indian investors and traders will begin on April 10 and the authorities will deposit the amount to India’s financial authorities.
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"Want An India That...": US Envoy Wants Reforms In Tax, Export Policies
US Ambassador Eric Garcetti on Tuesday pitched for reform in India's taxation and export control for deeper bilateral economic engagement and said the "rhetoric" that everything has to be made in India could slow down the pace of the country's growth
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This Country Is Slapping $1,000 Tax On Travellers From India, Africa
El Salvador is charging passengers from Africa or India a $1,000 fee, in an apparent bid to curb migration to the US through the Central American country.
-
"If They Tax Us, We Tax Them": Trump Threatens India With Reciprocal Tariff
US President-elect Donald Trump has reiterated his intention to impose reciprocal tariffs in retaliation for the "high tariff" imposed by New Delhi on import of certain American products.
-
"India Biggest Tariff Charger", Will Reciprocate If Elected To Power: Trump
Vowing to introduce a reciprocal tax if elected to power, former US president Donald Trump on Thursday alleged that India, among all major countries, imposes the highest tariffs on foreign products.
-
Home Ministry Probing Netflix for Alleged Visa Violations, Racial Discrimination
India is investigating the business practices of US streaming giant Netflix's local operations. The details of India's investigation were included in an email dated July 20, reviewed by Reuters, which was written by a home ministry official to Netflix's former director of business and legal affairs for India, Nandini Mehta, who left the compan...
-
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.
-
G20 Prioritises Discussions on Digital Tax Amid Looming Tariff Threats from US
The Group of 20 finance leaders meeting this week for progress on a stalled plan to reallocate taxing rights on large multinational companies.The stakes in the negotiations are high. A failure to reach agreement on final terms could prompt several countries to reinstate their taxes on U.S. tech giants and risk punitive duties on billions of dollars...
-
Rupee Slips To Record Low After Government Raises Tax On Capital Gains
The Indian rupee, teetering at an all-time low, slipped further against the US dollar on Tuesday, pressured by the drop in local equities after the government in the Budget proposed raising the tax rate on capital gains.
-
US, India Extend Digital Tax Truce to June 30 as Deadline Approaches
The US and India have extended their standstill agreement till June 30, over the former's retaliation over India’s digital-services tax on big tech firms. The development was announced by the US ahead of a deadline for a global deal that will reallocate taxing rights for major US tech firms that provide digital services like Alphabet-owned Google...
-
India, US Extend Digital Tax On E-Commerce Supplies Till June 30
India and the US have decided to extend a 2 per cent equalisation levy or digital tax on e-commerce supplies until June 30, the finance ministry said on Friday.
-
UK Will Be Seen As Haven For Tax Evaders: S Jaishankar On Extradition Cases
External Affairs Minister S Jaishankar said that India has strongly presented its case relating to the extradition of fugitive economic offenders that have fled the country.
-
On Sam Pitroda's US Remark, Shivraj Chouhan's Lesson On "Indian Culture And Tradition"
Shivraj Singh Chouhan has taken a jibe at Sam Pitroda, who heads the Congress's overseas chapter over his remarks on inheritance tax and said that India's culture, tradition, and moral values are not of America.
-
India Had Its Own Inheritance Tax Till 1985. Why It Was Abolished
Indian Overseas Congress chief Sam Pitroda's remarks on the US's inheritance tax have sparked a political whirlpool here in India amid the ongoing Lok Sabha elections.
-
IRS Expects to See Spike in Crypto Tax Evasion Cases in the US: Report
Arming up to tackle this expected rise in crypto tax evasion cases, the IRS in the US is already forging partnerships with several law enforcement divisions to improve the criminal identification process.
-
KuCoin Completes Registration with India’s FIU, Will Deduct 1 Percent TDS on Transactions
KuCoin has become the latest international crypto exchange to have completed compliance with India’s FIU. The tax deduction process on KuCoin for Indian investors and traders will begin on April 10 and the authorities will deposit the amount to India’s financial authorities.
-
"Want An India That...": US Envoy Wants Reforms In Tax, Export Policies
US Ambassador Eric Garcetti on Tuesday pitched for reform in India's taxation and export control for deeper bilateral economic engagement and said the "rhetoric" that everything has to be made in India could slow down the pace of the country's growth
-
This Country Is Slapping $1,000 Tax On Travellers From India, Africa
El Salvador is charging passengers from Africa or India a $1,000 fee, in an apparent bid to curb migration to the US through the Central American country.
