Us Tax Law
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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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South Korea Proposes Stronger Incentives, Bigger Tax Breaks to Boost Critical Chip Sector
South Korea plans to introduce bigger tax breaks for chip manufacturers in the country, a month after a law allowing for new incentives was passed. The country has been caught between the US and China in an escalating fight over critical semiconductors, which are used in a wide range of electronic devices from smartphones to missiles.
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Hyundai Set to Launch $5.5 Billion US EV Plant as Inflation Reduction Act Dims Sales Outlook
Hyundai on Tuesday will break ground on a new $5.5 billion (roughly Rs. 45,500 crore) electric vehicle (EV) and battery plant in the US, ahead of the company's plans to begin commercial production in the first half of 2025 in the massive plant in Bryan county, west of Savannah. The event comes at a time when South Korea and the European Union are a...
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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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CHIPS Act Passed by US Senate to Boost Domestic Chip Manufacturing, Compete With China
The CHIPS Act was passed by the US Senate on Wednesday, with a rare bipartisan vote. The act is aimed at boosting companies in the US to compete with China, while attempting to reduce the ongoing component shortage affecting the industry. The CHIPS Act will provide for about $52 billion (roughly Rs. 4,14,754 crore) in government subsidies for US se...
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US Senator Cynthia Lummis Who Supports Bitcoin Plans to Introduce a Broad Crypto Bill in 2022
US Senator Cynthia Lummis plans to introduce a crypto bill next year that would radically alter the legislative and regulatory landscape for cryptocurrency in the US.
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Bitcoin, Ether Lose Steam as Majority of Cryptocurrencies Open With Losses Today
Bitcoin, Ether, and other leading cryptocurrencies opened in red, just a day after US President Joe Biden signed a new law that includes tax reporting provisions that apply to cryptocurrency.
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Apple EU Tax: EU Court Backs Apple in Case Over $15 Billion in Back Taxes
A European Union high court on Wednesday ruled in favor of technology giant Apple and Ireland in its dispute with the EU over 13 billion euros ($15 billion) in back taxes.
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Amazon Stops Blocking Australians From Its US Website After Backlash
Amazon's abrupt reversal, less than five months after the policy was introduced, is a relief for shoppers.
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Trump "Fixer" Says Coordinated With Him To Pay Off Women Before Polls
President Donald Trump's former lawyer Michael Cohen pleaded guilty Tuesday in a Manhattan courthouse to eight violations of banking, tax and campaign finance laws, telling a federal judge that he worked to silence two women before the 2016 election at the direction of then-candidate Trump.
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Tax Department Charge Sheets Against Us "Baseless": Chidambaram Family
The family of former finance minister P Chidambaram today said the Income Tax Department (ITD) charge sheets against them under the black money law were "baseless allegations" as the overseas investments under question were duly reflected in their IT returns.
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New US Tax Law Brings Warren Buffett A Nice Cheque: $29 Billion
Berkshire Hathaway, the holding company of US billionaire investor Warren Buffett, received a stunning $29 billion check last year from the US government, thanks to a new tax law that massively lowered corporate tax rates.
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Apple Said to Issue $2,500 Bonuses to Employees After New US Tax Law
According to multiple reports, Apple is issuing a bonus of $2,500 worth of restricted stock units following the new US tax reform.
-
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.
-
South Korea Proposes Stronger Incentives, Bigger Tax Breaks to Boost Critical Chip Sector
South Korea plans to introduce bigger tax breaks for chip manufacturers in the country, a month after a law allowing for new incentives was passed. The country has been caught between the US and China in an escalating fight over critical semiconductors, which are used in a wide range of electronic devices from smartphones to missiles.
-
Hyundai Set to Launch $5.5 Billion US EV Plant as Inflation Reduction Act Dims Sales Outlook
Hyundai on Tuesday will break ground on a new $5.5 billion (roughly Rs. 45,500 crore) electric vehicle (EV) and battery plant in the US, ahead of the company's plans to begin commercial production in the first half of 2025 in the massive plant in Bryan county, west of Savannah. The event comes at a time when South Korea and the European Union are a...
-
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...
-
CHIPS Act Passed by US Senate to Boost Domestic Chip Manufacturing, Compete With China
The CHIPS Act was passed by the US Senate on Wednesday, with a rare bipartisan vote. The act is aimed at boosting companies in the US to compete with China, while attempting to reduce the ongoing component shortage affecting the industry. The CHIPS Act will provide for about $52 billion (roughly Rs. 4,14,754 crore) in government subsidies for US se...
-
US Senator Cynthia Lummis Who Supports Bitcoin Plans to Introduce a Broad Crypto Bill in 2022
US Senator Cynthia Lummis plans to introduce a crypto bill next year that would radically alter the legislative and regulatory landscape for cryptocurrency in the US.
-
Bitcoin, Ether Lose Steam as Majority of Cryptocurrencies Open With Losses Today
Bitcoin, Ether, and other leading cryptocurrencies opened in red, just a day after US President Joe Biden signed a new law that includes tax reporting provisions that apply to cryptocurrency.
-
Apple EU Tax: EU Court Backs Apple in Case Over $15 Billion in Back Taxes
A European Union high court on Wednesday ruled in favor of technology giant Apple and Ireland in its dispute with the EU over 13 billion euros ($15 billion) in back taxes.
-
Amazon Stops Blocking Australians From Its US Website After Backlash
Amazon's abrupt reversal, less than five months after the policy was introduced, is a relief for shoppers.
-
Trump "Fixer" Says Coordinated With Him To Pay Off Women Before Polls
President Donald Trump's former lawyer Michael Cohen pleaded guilty Tuesday in a Manhattan courthouse to eight violations of banking, tax and campaign finance laws, telling a federal judge that he worked to silence two women before the 2016 election at the direction of then-candidate Trump.
-
Tax Department Charge Sheets Against Us "Baseless": Chidambaram Family
The family of former finance minister P Chidambaram today said the Income Tax Department (ITD) charge sheets against them under the black money law were "baseless allegations" as the overseas investments under question were duly reflected in their IT returns.
-
New US Tax Law Brings Warren Buffett A Nice Cheque: $29 Billion
Berkshire Hathaway, the holding company of US billionaire investor Warren Buffett, received a stunning $29 billion check last year from the US government, thanks to a new tax law that massively lowered corporate tax rates.
-
Apple Said to Issue $2,500 Bonuses to Employees After New US Tax Law
According to multiple reports, Apple is issuing a bonus of $2,500 worth of restricted stock units following the new US tax reform.
