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Trump Names Billionaire Hedge Fund Manager Scott Bessent As Treasury Chief
US President-elect Donald Trump on Friday named billionaire Scott Bessent as his Treasury secretary, choosing the hedge fund manager to help execute an agenda promising tax cuts and tariffs.
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Trump Promises To Eliminate Taxes On Overtime Pay If Elected
Republican U.S. presidential candidate Donald Trump said on Thursday that he will end all taxes on overtime pay as part of a wider tax cut package, if he is elected in the Nov. 5 election.
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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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After Tesla Proposal, Government Considers Import Tax Cut for Automakers That Manufacture in India
India is working on a new electric vehicle policy that would slash import taxes for automakers that commit to some local manufacturing, following a proposal by Tesla which is considering entering the domestic market, people with direct knowledge said.
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US Inflation Reduction Act Could Help Cut Chinese Battery Metals Ties: Details
The US Inflation Reduction Act (IRA) is set to be signed into law by US President Joe Biden today. The law that is designed to increase green investment, comes at a price. It extends and expands the existing electric vehicle (EV) subsidy of up to $7,500 (roughly Rs. 5,94,800) but conditions the tax credit on the sourcing of the mineral content of...
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Joe Biden Unveils Plan To Reverse Donald Trump's Tax Cuts For Rich
President Joe Biden will call for reversing his predecessor Donald Trump's tax cuts for the wealthy to pay for a huge middle class families spending program, senior administration officials said Wednesday.
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Opinion: What To Expect Of The Huge Corporate Tax Cut
The government's Diwali gift to India Inc is one of the most expensive ever - and a clear admission that the Modi Sarkar has finally accepted that the economy needs drastic measures. The only question is whether the rest of us can afford it.
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US Corporate Sector Hails India's Move To Slash Tax Rate For Companies
Finance Minister Nirmala Sitharaman said the reduction in tax rates was done by promulgating an ordinance to an amendment to the Income Tax Act.
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Rupee Surges By 65 Paise Against Dollar After Corporate Tax Cut: 10 Things To Know
The rupee gained by as much as 65 paise against the US dollar on Friday, after the government announced its decision to lower the corporate tax rate on domestic firms and new manufacturers. After starting the session higher at 71.20, the rupee moved to 70.67 against the greenback at the day's highest level. Analysts say that the reduction in corpor...
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US "Very Far" From Recession, Says Donald Trump
US President Donald Trump played down fears on Tuesday that the United States was heading towards recession while confirming that his administration was considering a payroll tax cut.
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Sensex, Nifty Drop To Lowest Level In 5 Months: 10 Things To Know
The S&P BSE Sensex and NSE Nifty 50 indexes nosedived in Thursday's session on the back of weak global cues after the US Federal Reserve rattled markets by signalling that its first rate cut in more than a decade was not the start of a lengthy easing cycle. The Sensex plunged as much as 787 points to trade below 37,000-mark for the first time since...
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Sensex Drops 787 Points, Trades Below 37,000 For First Time In 5 Months
The S&P BSE Sensex and NSE Nifty 50 indexes nosedived in Thursday's session tracking weak global cues, after the US Federal Reserve rattled markets by signalling that its first rate cut in more than a decade was not the start of a lengthy easing cycle. The Sensex index plunged as much as 787 points to trade below the 37,000 mark for the first time ...
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Tesla Cuts US Prices on All Vehicles, Shares Drop
Tesla on Wednesday cut US prices for all its vehicles to offset lower green tax credits, and fell short on quarterly deliveries of its mass-market Model 3 sedan.
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'Make America Great Again' Not So Great For India, Other Nations: Report
With the rise in the dollar and interest rates already squeezing emerging economies just as President Donald Trump's trade war threatens China, the U.S. is set to be the only Group of Seven nation to see economic growth accelerate this year as Trump's tax cuts kick in.
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China Cuts Tax Rates for Chipmakers Amid Trade Tensions
Chipmakers in China will be exempt from corporate taxes for two to five years followed by partial deductions.
-
Trump Names Billionaire Hedge Fund Manager Scott Bessent As Treasury Chief
US President-elect Donald Trump on Friday named billionaire Scott Bessent as his Treasury secretary, choosing the hedge fund manager to help execute an agenda promising tax cuts and tariffs.
-
Trump Promises To Eliminate Taxes On Overtime Pay If Elected
Republican U.S. presidential candidate Donald Trump said on Thursday that he will end all taxes on overtime pay as part of a wider tax cut package, if he is elected in the Nov. 5 election.
-
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.
-
After Tesla Proposal, Government Considers Import Tax Cut for Automakers That Manufacture in India
India is working on a new electric vehicle policy that would slash import taxes for automakers that commit to some local manufacturing, following a proposal by Tesla which is considering entering the domestic market, people with direct knowledge said.
-
US Inflation Reduction Act Could Help Cut Chinese Battery Metals Ties: Details
The US Inflation Reduction Act (IRA) is set to be signed into law by US President Joe Biden today. The law that is designed to increase green investment, comes at a price. It extends and expands the existing electric vehicle (EV) subsidy of up to $7,500 (roughly Rs. 5,94,800) but conditions the tax credit on the sourcing of the mineral content of...
-
Joe Biden Unveils Plan To Reverse Donald Trump's Tax Cuts For Rich
President Joe Biden will call for reversing his predecessor Donald Trump's tax cuts for the wealthy to pay for a huge middle class families spending program, senior administration officials said Wednesday.
-
Opinion: What To Expect Of The Huge Corporate Tax Cut
The government's Diwali gift to India Inc is one of the most expensive ever - and a clear admission that the Modi Sarkar has finally accepted that the economy needs drastic measures. The only question is whether the rest of us can afford it.
-
US Corporate Sector Hails India's Move To Slash Tax Rate For Companies
Finance Minister Nirmala Sitharaman said the reduction in tax rates was done by promulgating an ordinance to an amendment to the Income Tax Act.
-
Rupee Surges By 65 Paise Against Dollar After Corporate Tax Cut: 10 Things To Know
The rupee gained by as much as 65 paise against the US dollar on Friday, after the government announced its decision to lower the corporate tax rate on domestic firms and new manufacturers. After starting the session higher at 71.20, the rupee moved to 70.67 against the greenback at the day's highest level. Analysts say that the reduction in corpor...
-
US "Very Far" From Recession, Says Donald Trump
US President Donald Trump played down fears on Tuesday that the United States was heading towards recession while confirming that his administration was considering a payroll tax cut.
-
Sensex, Nifty Drop To Lowest Level In 5 Months: 10 Things To Know
The S&P BSE Sensex and NSE Nifty 50 indexes nosedived in Thursday's session on the back of weak global cues after the US Federal Reserve rattled markets by signalling that its first rate cut in more than a decade was not the start of a lengthy easing cycle. The Sensex plunged as much as 787 points to trade below 37,000-mark for the first time since...
-
Sensex Drops 787 Points, Trades Below 37,000 For First Time In 5 Months
The S&P BSE Sensex and NSE Nifty 50 indexes nosedived in Thursday's session tracking weak global cues, after the US Federal Reserve rattled markets by signalling that its first rate cut in more than a decade was not the start of a lengthy easing cycle. The Sensex index plunged as much as 787 points to trade below the 37,000 mark for the first time ...
-
Tesla Cuts US Prices on All Vehicles, Shares Drop
Tesla on Wednesday cut US prices for all its vehicles to offset lower green tax credits, and fell short on quarterly deliveries of its mass-market Model 3 sedan.
-
'Make America Great Again' Not So Great For India, Other Nations: Report
With the rise in the dollar and interest rates already squeezing emerging economies just as President Donald Trump's trade war threatens China, the U.S. is set to be the only Group of Seven nation to see economic growth accelerate this year as Trump's tax cuts kick in.
-
China Cuts Tax Rates for Chipmakers Amid Trade Tensions
Chipmakers in China will be exempt from corporate taxes for two to five years followed by partial deductions.
