Why the proposal to tax social events is ridiculous
March 21, 2024
Tax asian news
India to lower EV import tax with US$500 million investment, boosting Musk’s Tesla plans
Companies that meet these requirements will be allowed to import a limited number of EVs at a lower tax of 15 per cent on cars costing US$35,000 and above. India currently levies a tax of 70 per cent or 100 per cent on imported cars and EVs, depending on their value.
Biden unveils $7.3tn budget as campaign pitch for spending, tax goals
WASHINGTON (Reuters) -- U.S. President Joe Biden sketched his policy vision for a potential second four-year term on Monday, unveiling a $7.3 trillion election-year budget aimed at convincing skeptical Americans that he can run the economy better than Donald Trump.
Japan’s Osaka weighs new tax on inbound visitors in bid to make region ‘more attractive and comfortable’
Industry insiders and analysts broadly agree that an additional small daily levy would not place too much of a burden on travellers or put others off visiting Osaka – but they emphasise that the prefecture must keep its promise to plough those funds back into the tourism sector.
UK government abolishes centuries-old tax breaks for the rich in preelection budget announcements
This is CNBC's live coverage of U.K. Finance Minister Jeremy Hunt's Spring Budget statement.
WTO digital tax freeze in spotlight as India, others rue lost revenue
MADURAI, India -- A moratorium on taxing digitally transmitted products, from movies and music to software and industry data, faces a critical juncture this week at a World Trade Organization conference in Abu Dhabi.
Singapore eyes corporate tax rise, AI investment in 2024 budget
SINGAPORE -- Singapore is set to raise corporate taxes on multinationals from the start of next year while it will beef up efforts to become an artificial intelligence hub, Finance Minister Lawrence Wong said Friday, as he announced the city-state's 2024 budget.
India’s Congress says $25m frozen by tax department ahead of election
Main opposition party says bank accounts frozen just weeks before the expected announcement of the general election.