taxation

A 2% levy on fortunes above £100m – with no exemptions – could begin to reverse decades of rising inequality Andy Burnham and Wes Streeting have sought to blunt the Green leader Zack Polanski’s popularity with a hint that a government run by either of them, should they win a Labour leadership race, would favour a tax of some kind on the wealthy. With SpaceX’s stock market launch on Friday sending…

Kavya Sharma, Jindal Global Law School, OP Jindal Global University I. Introduction: The Shot Heard Round the Gaming World The Directorate General of GST Intelligence (DGGI) issued a show cause notice to Gameskraft Technologies Private Limited on 23 September 2022. The Bengaluru-based company operates an online rummy platform which received a tax demand of ₹21,000 crore for unpaid GST. The figure…

MP says current system is unfair and his idea would result in a ‘wealth tax that works’ UK politics live – latest updates Former health secretary Wes Streeting has set out plans for a “wealth tax that works”, by equalising tax on assets and income. Streeting said the current system – in which capital gains tax is generally much lower than income tax – was not fair and penalised work, arguing the …

"Why is a nurse in Queens who makes $75,000 a year paying more than $1,000 a month in taxes?" Bezos said Wednesday morning on CNBC. "That's $1,000 that could help with rent, or groceries, or anything."

Ananya Singh, BBA LLB, Presidency University, Bangalore ABSTRACT Tax reforms play a pivotal role in shaping the economic trajectory of a nation by influencing revenue systems, investment flows, and taxpayer behaviour. In India, tax reforms have undergone significant transformation, particularly after the economic liberalisation of 1991, with a focus on simplification, transparency, and economic e…

Gracy Tanwar, National Law University Odisha ABSTRACT The digital economy has changed the global economy and raised fundamental challenges about whether the existing structure of international tax can capture the creation of value through digital transactions. Existing tax structures, which are focused on residence, source, and permanent establishment (PE) as bases for taxation, are insufficient …

Gracy Tanwar, National Law University Odisha I. INTRODUCTION The implementation of the Goods and Services Tax (GST) on July 1, 2017, marked the most profound structural shift in India's indirect tax framework since the nation attained independence. By consolidating a fragmented landscape of numerous central and state levies into a unified, destination-based consumption tax, the reform achieved se…

The debate over progressive taxation in Washington state has been building for months, with the tech community largely alarmed by what it sees as a hostility toward business in the region. Read More

HMRC confirms it will fight London tax tribunal’s finding that it has been overcharging for years under the law EV charging shake-up looks to help UK households solve off-street parking problem The UK’s tax authorities have decided to fight against a ruling that would cut VAT across all public electric car chargers, despite a judge finding they have been overcharging for years under the law. Char…

Amreen Hassan, Manav Rachna University Sneha, Manav Rachna University ABSTRACT This research is especially focused on the changing relationship between the tax system of India and equality as it operates in the Constitution. The research is expected to explore the critical examination of constitutional provisions, significant judicial pronouncements, and how tax policy development and practice by…

Ah, Tax Day.  If you’ve been staring at your tax bill and wondering how to keep more of your money, money, money to yourself next year, you might consider taking a page out of the billionaire’s playbook. You could be like Steve Ballmer and write off the costs of buying a sports team, or make […]

Americans are getting crankier about paying taxes.  Most people don’t enjoy paying Uncle Sam, but for much of the 2000s and 2010s, a sizable percentage of Americans thought that the amount of federal taxes they paid was “about right,” according to Gallup. But recently, the share saying their taxes were “too high” has been climbing; […]

The so-called "millionaires tax," which would create a 9.9% tax on income that exceeds $1 million, has drawn opposition from some tech leaders and entrepreneurs. Read More

A new bill proposal would increase Washington’s capital gains tax by adding a 2.9% surtax on annual investment profits over… Read More

Jeb Bush has released a tax plan . Here are some elements of it that I find attractive: It lowers the top rate on personal income to 28 percent, the same rate as the bipartisan 1986 tax reform. It broadens the base by capping the use of itemized deductions. It eliminates the deductibility of state and local taxes, so low-tax states and towns no longer subsidize high-tax ones. It maintains the ded…

The Tobin (or Robin Hood) Tax was proposed decades ago by the eponymous Nobel Laureate (that’s James Tobin, not Robin Hood) as a means of stabilizing currencies via a small tax on all transactions. Every [...]