[ad_1] With the killing of Hamas political bureau chairman Ismail Haniyeh, the Israel-Hamas war is at, arguably, its most volatile moment. Israel has not taken responsibility for the assassination, though it did so for the death of Hezbollah leader Fuad Shuk in Lebanon. It is clear that the Israeli army and intelligence have been looking […]
Purpose of comprehensive review of Income-tax Act is to ease, simplify taxation’ | Business News
[ad_1] Revenue Secretary Sanjay Malhotra has said that the government is committed to simplifying the Income-tax Act and the “comprehensive review” being undertaken may see a possible move in favour of a new tax code. The form and shape that it will take would be decided in the due course. In an interview with Aanchal […]
The Inflation Reduction Act mainly affects the top 1 percent of taxpayers
[ad_1] one in new analysisThe Tax Policy Center found that the tax provisions of the Inflation Reduction Act (IRA) are highly progressive. Taxes will increase by $6,060 (0.3 percent of after-tax income) in 2023 for the top 1 percent of households with incomes over nearly $1 million. The TPC estimates that the top 0.1 percent […]
Ignore the debate over whether the Inflation Reduction Act raises taxes on those making $400,000 or less.
[ad_1] As Congress is about to pass inflation reduction act, Washington is once again debating very little. It’s about whether Democrats are violating President Biden’s pledge not to raise taxes on families earning $400,000 or less annually. But here’s the secret: This is another ridiculous political argument. The Tax Policy Center analyzed the larger climate, […]
Who will win the battle to draft an Inflation Reduction Act?
[ad_1] President Biden and congressional Democrats won a major policy battle when Congress unanimously enacted the Inflation Reduction Act (IRA) despite Republican opposition. But who will win the political battle? It will depend on who can best articulate this complex law. Will Democrats convince voters that the laws will reduce inflation, reduce health care costs, […]
Nifty: Dalal Street Week Ahead: 16000 likely to act as strong support for the market
[ad_1] After heaving a sigh of relief in a week earlier, the stock markets resumed their gains. The headline index continued with its pullback and broke above some key levels, protecting key supports. Over the past five sessions, the market has been on a largely upward trajectory except for a day of consolidation in the […]
Ashwath Damodaran: The Balancing Act: Ashwath Damodaran on why fear and greed must co-exist for markets to thrive
[ad_1] New Delhi: With inflation taking center stage, the first half of 2022 has been a brutal one for markets across geographies. Returns have retreated across all major asset classes. In 2022, as bond rates rise, stock prices plummet, and cryptocurrencies explode, even true believers are wondering where the market will bottom, and how big […]
Bangladesh news: Bangladesh government under pressure to act on Prophet’s remarks: ruling Awami League leader
[ad_1] amid protests of comments Prophet Muhammad A senior leader of the ruling Awami League has been told by two suspended BJP office-bearers that Bangladesh There is pressure on the government to “take action” because what happens in India has consequences in this country. Khandkar Ghulam Maula NaqshbandiThe chairman of the ruling Awami League’s Religious […]
Growing Economy, Not 2017 Tax Act, Is Boosting Corporate Tax Receipts
[ad_1] Corporate tax revenue jumped in 2021, and some proponents of the 2017 Tax Cuts and Jobs Act argue the big tax cuts in the bill deserve credit (wall street journalI, Goodspeed and HassettBut there’s a better explanation: Last year’s strong economic growth, high inflation, and pandemic-related relief legislation increased both corporate profits and paid-tax […]
List of Major Amendments made by Finance Act 2022
[ad_1] List of Major Amendments made by Finance Act 2022 section description 2(12a) Amendment in the definition of ‘books of account’ 2(42c) Revision of the definition of slump sales 10(4E), 10(4F), 10(4G), 56(VIB), 80LA Tax Incentives to IFSC 12AB, 115BBI, 271AAE, 10(23C), 115TD Rationalization of provisions of charitable trusts and institutions 14a Explanation that disclaimer […]