Tax Cuts

GST complaints ‘nearly negligible’; faster case redressal recovers Rs 14 crore, says Consumer Affairs Secy Khare

In an exclusive interview with Moneycontrol, Khare detailed the government’s push to curb manipulative online practices, strengthen enforcement bodies and speed up consumer complaint resolution.

India to grow at 6.4% in FY25 and FY26: S&P Global Market Intelligence

In the near term, S&P noted that tax relief and the central bank’s monetary easing will help support domestic demand

How US Congress can pay for extending the tax cuts and jobs act

A potential solution exists that would keep US debt from spiraling out of control and should be acceptable to Republicans because they floated it not too long ago

Will Trump risk inflation to keep electoral promises?

Expectations of expansionary fiscal policies through tax cuts and higher tariffs under the Trump presidency could lead to steeper inflation back home and higher interest rates across the globe, triggering more foreign investment outflows from emerging markets like India.

UK govt woos voters with more pre-election tax cuts

In a budget update, finance minister Jeremy Hunt said the government would cut national insurance -- a payrolls tax paid by employees and employers -- by two percentage points from April, matching action he took in November.

UK PM Rishi Sunak promises tax cuts ahead of Autumn budget

Amid mounting pressure from sections of the governing Conservative Party to use tax cuts to revive the party's electoral fortunes, Sunak said that he intends to implement the next phase of economic growth by turning to taxation in a disciplined way.

Festive relief on fuel prices unlikely as oil simmers amid conflict

Reversing last week’s downward trend, oil prices jumped more than 4 percent on October 9 on fears that clashes between Israel and Hamas could spread beyond Gaza. But crude prices had already been hovering at over $90 per barrel for the last few months, with Saudi Arabia and Russia extending cuts and stoking concerns over tight supply.

Inflation is not what used to be. Temporary tax cuts may be needed to tame it

A rationalisation of taxes in a host of manufactured products can bring down prices quickly, and also help shift the terms of trade favouring farmers who have been paying a higher price for goods that they buy than the price they get for goods that they produce 

Budget 2022: Why GoI cannot go easy with the taxes on salaried Indians

Tax compliance is abysmal in the country and corporate-tax collections need to pick up

Joe Biden announces plan to raise taxes for rich, says citizens earning less than $400,000 will never face raise in taxes

"I intend to pass one of the biggest middle class tax cuts ever — paid for by making those at the top pay their fair share," Biden said in a tweet.

Task force on Direct Tax recommends 10% slab on income of Rs 5-10 lakh: Report

The report also includes a proposal to drop surcharges and cess levied on income tax

Here is how the tax cuts will help sectors

US economic growth slowed to 1.9% rate in Q4

The US economy lost momentum in the final three months of 2016, closing out a year in which growth turned in the weakest performance in five years.

Obama calls on Congress to salvage a fiscal cliff deal

The US President Barack Obama called the Congress - in particular the opposition Republicans -- to salvage a fiscal cliff deal, that would preserve middle class tax cuts and avoid the imminent economic crisis if such a deal is not reached in next 10 days.

Budget Reactions: No ratings change yet, execution key, says Sovereign Rating

Takahira Ogawa, director of Sovereign Ratings tells CNBC-TV18 that it is too early to make ratings change based upon the finance minister’s Budget speech. “We will need to see actual implementation before any change can be done to ratings,” he says.

Greeks fail to agree on debt measures amid aid threat

Greece's prime minister failed to convince opposition leaders on Friday to support tougher austerity measures to free up EU/IMF aid needed to avert a debt default.