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4 mins read
A tax expert shares the misconceptions and hidden costs the wealthy face when moving to Puerto Rico for tax breaks
The tax benefits of moving to Puerto Rico have misconceptions about capital gains and the requireme…
Cork Gaines
2 mins read
Biden wants a space tax on companies like SpaceX and Blue Origin that launch in the US
His budget proposal suggests rewriting the aviation excise tax structure so space companies pay the…
Marianne Guenot
2 mins read
Trump could face a $100 million tax bill after the IRS says he tried to write off the same losses twice on his Chicago skyscraper
In Trump's 2008 tax return, he reported that he lost up to $651 million on his Chicago tower projec…
John L. Dorman
2 mins read
Bullish on India; luxury car penetration expected to remain low till tax rationalisation: Audi
Audi expects growth of the luxury car market in India to moderate to low double digits in 2024 …
PTI
3 mins read
Tax man introduces ITR 1 and ITR 4 forms – Here’s what it means
The Central Board of Direct Taxes (CBDT) has revealed the Income Tax Return (ITR) Forms 1 and 4 for…
3 mins read
Budget 2024 expectations: From removal of security transaction tax to sovereign green bonds
The FY 2025 budget is around the corner and it is expected that Finance Minister Nirmala Sitharaman…
2 mins read
A country just banned TikTok because it disrupts 'social harmony' and 'family structure'
Some Nepalese activists say the crackdown on social media is a government attempt to suppress free …
Polly Thompson
4 mins read
How rich families use trusts that last as long as 1,000 years to save on taxes and benefit future heirs
With dynasty trusts, rich taxpayers can provide for 40 generations of heirs and shield assets from …
Hayley Cuccinello
1 min read
Centre seeks to amend GST Act to levy 28% tax on online gaming, casinos
The central government on Friday will seek the introduction and passage of the Central Goods and Se…
2 mins read
Govt hikes windfall tax on domestic crude, reduces levy on export of diesel
As per the Gazette of India, the Ministry of Finance, Department of Revenue, issued two notificatio…
ANI
2 mins read
E. Jean Carroll may face a hefty tax bill if Donald Trump owes her money thanks to a law he signed while president
Carroll could face a plaintiff "double tax" if she wins more damages from Trump, thanks to a bill h…
Sonam Sheth
3 mins read
Global shifts make compelling case for a structural bull run in Indian assets, says Standard Chartered Bank’s wealth management office
India’s macroeconomic backdrop sets Indian financial market assets up to perform well on a multi-ye…
3 mins read
Low-wage parents can help their kids avoid poverty for decades if they get this one tax credit
Children exposed to the Earned Income Tax Credit at an early age were less likely to be in poverty …
Noah Sheidlower
2 mins read
The tax deductions you can claim if you have a home loan in 2023-24
When deciding which tax regime to opt for, those with a home loan may prefer the old tax regime, as…
3 mins read
Debt schemes of MFs lose edge over bank deposits as Budget proposes to scrap LTCG & indexation benefits
With the change in taxation, distributors and advisors are rushing to lock in large amounts of inve…
2 mins read
All India Rubber Industries Association seeks tax reforms for rubber industry
The All India Rubber Industries Association (AIRIA) has called for rationalisation of tax structure…
4 mins read
From tax structure rationalisation to expanding EV charging infrastructure, here’s what the industry wants from Budget 2022
Electric vehicles (EVs) could very well be the future of transportation, but their adoption in In…
2 mins read
New tax regime may not be necessarily beneficial for all taxpayers: Experts
The new tax regime (NTR) will now be considered as a default regime, but it may not necessarily be …
5 mins read
Mutual fund company stocks bleed this year, thanks to tax hit on debt funds and strict expense ratio norms
The year 2023 has not been kind to asset management companies listed on Indian stock exchanges. The…
6 mins read
10 ways wealthy Americans save big on taxes, from putting mansions in trusts to guaranteeing inheritance for future generations
What might seem to be far-fetched tax mitigation tactics are perfectly legal, lawyers and bankers t…