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Amid Trump Tariff Threats, India Cuts Import Duty On American Bikes, Cars In Boost To Harley And Tesla
India has significantly slashed customs duties on high-end motorcycles, cars and smartphone parts, a move that seems to give a boost to American companies like Harley-Davidson, Tesla and Apple.
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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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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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Curbing Crypto Wash Sales, Spiking Capital Gains Among Biden’s Budget Proposal: Report
US President Joe Biden could be zeroing-in on clamping down crypto wash sales as part of his upcoming Budget speech. Biden’s budget could further explore the idea of doubling the capital gains tax rate for investors. Both of these ideas are aimed at bringing in more flow of capital in the US market, that is currently struggling with inflation.
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India, 135 Other Nations Agree On Landmark Global Corporate Tax Deal
A group of 136 countries on Friday set a minimum global tax rate of 15 per cent for big companies and sought to make it harder for them to avoid taxation in a landmark deal that US President Joe Biden said levelled the playing field.
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EU Pauses Digital Tax Plan After US Push, but Ireland Sticks to Its Guns
The European Union agreed to delay a corporate tax plan for the bloc following pressure from the US administration and in a bid to facilitate a broader global tax deal, but EU member Ireland reiterated its criticisms of the wider reform.
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Amazon May Prove Exception to Minimum Global Tax Rate Rules
The Group of Seven wealthy nations may have endorsed a plan to ensure the world's biggest companies pay a minimum global tax rate, but US tech behemoth Amazon may escape it.
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Big Tech Said to Support Global Corporate Tax, but Wants Digital Services Levies Axed
US tech giants could benefit from the agreement of the Group of Seven rich countries' agreement to create a global minimum 15 percent corporate tax rate if the final deal also scraps increasingly popular digital services taxes, according to industry lobbyists.
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Gold Price At Rs 38,170 Per 10 Grams In Delhi: 10 Things To Know
Gold prices stood at Rs. 38,170 per 10 grams in the national capital on Wednesday, according to India Bullion and Jewellers' Association (IBJA). These rates are exclusive of a 3 per cent Goods and services Tax (GST) and making charges, industry body IBJA mentioned on its website. IBJA is a Mumbai-based association consisting of gold dealers, trader...
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Gold Price At Rs 38,070 Per 10 Grams In Delhi: All You Need To Know
Gold prices stood at Rs 38,070 per 10 gram in the national capital on Monday, according to India Bullion and Jewellers' Association (IBJA). These rates are exclusive of 3 per cent Goods and services Tax (GST) and making charges, industry body IBJA mentioned on its website. IBJA is a Mumbai-based association consisting of gold dealers, traders and j...
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US Billionaires Paid Lower Tax Rate Than Working Class Last Year, Researchers Say
In 1980, by contrast, the 400 richest had an effective tax rate of 47 per cent. In 1960, their tax rate was as high as 56 per cent.
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Opinion: No Disguising The Economic Slowdown Now. Take A Look
Only last spring, as the country was gearing up for elections, we were hearing about a growth rate of 7 per cent, the highest in the world. Various new statistics were trotted out to suggest that the growth rate since 2014 had been higher than that under the previous regime. Those of us who looked at other economic indicators such as the unemployme...
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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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Rupee Snaps 5-Day Losing Streak Against Dollar: 10 Things To Know
The rupee snapped its five-day losing streak against the dollar on Thursday and ended 20 paise higher against the US dollar. The rupee ended at 70.69 against the dollar tracking gains in domestic equity markets which surged after reports of rollback of a tax surcharge on foreign portfolio investors surfaced, news agency Press Trust of India (PTI) r...
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Amid Trump Tariff Threats, India Cuts Import Duty On American Bikes, Cars In Boost To Harley And Tesla
India has significantly slashed customs duties on high-end motorcycles, cars and smartphone parts, a move that seems to give a boost to American companies like Harley-Davidson, Tesla and Apple.
-
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.
-
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.
-
Curbing Crypto Wash Sales, Spiking Capital Gains Among Biden’s Budget Proposal: Report
US President Joe Biden could be zeroing-in on clamping down crypto wash sales as part of his upcoming Budget speech. Biden’s budget could further explore the idea of doubling the capital gains tax rate for investors. Both of these ideas are aimed at bringing in more flow of capital in the US market, that is currently struggling with inflation.
-
India, 135 Other Nations Agree On Landmark Global Corporate Tax Deal
A group of 136 countries on Friday set a minimum global tax rate of 15 per cent for big companies and sought to make it harder for them to avoid taxation in a landmark deal that US President Joe Biden said levelled the playing field.
-
EU Pauses Digital Tax Plan After US Push, but Ireland Sticks to Its Guns
The European Union agreed to delay a corporate tax plan for the bloc following pressure from the US administration and in a bid to facilitate a broader global tax deal, but EU member Ireland reiterated its criticisms of the wider reform.
-
Amazon May Prove Exception to Minimum Global Tax Rate Rules
The Group of Seven wealthy nations may have endorsed a plan to ensure the world's biggest companies pay a minimum global tax rate, but US tech behemoth Amazon may escape it.
-
Big Tech Said to Support Global Corporate Tax, but Wants Digital Services Levies Axed
US tech giants could benefit from the agreement of the Group of Seven rich countries' agreement to create a global minimum 15 percent corporate tax rate if the final deal also scraps increasingly popular digital services taxes, according to industry lobbyists.
-
Gold Price At Rs 38,170 Per 10 Grams In Delhi: 10 Things To Know
Gold prices stood at Rs. 38,170 per 10 grams in the national capital on Wednesday, according to India Bullion and Jewellers' Association (IBJA). These rates are exclusive of a 3 per cent Goods and services Tax (GST) and making charges, industry body IBJA mentioned on its website. IBJA is a Mumbai-based association consisting of gold dealers, trader...
-
Gold Price At Rs 38,070 Per 10 Grams In Delhi: All You Need To Know
Gold prices stood at Rs 38,070 per 10 gram in the national capital on Monday, according to India Bullion and Jewellers' Association (IBJA). These rates are exclusive of 3 per cent Goods and services Tax (GST) and making charges, industry body IBJA mentioned on its website. IBJA is a Mumbai-based association consisting of gold dealers, traders and j...
-
US Billionaires Paid Lower Tax Rate Than Working Class Last Year, Researchers Say
In 1980, by contrast, the 400 richest had an effective tax rate of 47 per cent. In 1960, their tax rate was as high as 56 per cent.
-
Opinion: No Disguising The Economic Slowdown Now. Take A Look
Only last spring, as the country was gearing up for elections, we were hearing about a growth rate of 7 per cent, the highest in the world. Various new statistics were trotted out to suggest that the growth rate since 2014 had been higher than that under the previous regime. Those of us who looked at other economic indicators such as the unemployme...
-
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...
-
Rupee Snaps 5-Day Losing Streak Against Dollar: 10 Things To Know
The rupee snapped its five-day losing streak against the dollar on Thursday and ended 20 paise higher against the US dollar. The rupee ended at 70.69 against the dollar tracking gains in domestic equity markets which surged after reports of rollback of a tax surcharge on foreign portfolio investors surfaced, news agency Press Trust of India (PTI) r...
