Former Labor minister calls for major tax shake-up
David Bradbury, the OECD’s departing tax executive, believes Australia needs a new review of tax and spending across the federation to implement difficult reforms.
GST
Freeland doesn’t rule out new taxes on wealthy or corporate Canada in upcoming budget
Finance Minister Chrystia Freeland has ruled out raising taxes on the middle class in the upcoming federal budget, but has not confirmed if corporations or the wealthy will face tax increases.
Congress Manifesto 2024: Party Promises To Enact Direct Taxes Code, Abolish Angel Tax
The Congress Party has vowed to initiate a comprehensive overhaul of India’s tax system, labeling the past decade as a period of ‘taxation gone berserk’.
Tax review to avoid an ‘intergenerational tragedy’
Former Treasury secretary Ken Henry is calling for a foundational tax review to address the lack of grip on tax reform by the political class, warning that the rising share of income tax and government spending will burden younger working-age Australians.
Centre met revised tax collection targets for fiscal 2024: Government Official
The Centre has met its tax collection target of over Rs 34.37 lakh crore for 2023-24, with net direct tax collections reaching over Rs 18.90 lakh crore as of March 17. Gross GST collection in March 2024 was the second-highest ever at Rs 1.78 lakh crore, with a year-on-year growth of 11.5 percent. Total gross collection for FY24 stood at Rs 20.18 lakh crore, surpassing the revised budget estimate.