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Budget 2024: All eyes are now on the Finance Minister. From IT changes to corporate tax tweak, here are key things | Mint

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Budget 2024: All eyes are now on the Finance Minister. From IT changes to corporate tax tweak, here are key things | Mint

Finance Minister Nirmala Sitharaman will unveil the Union Budget for the financial year 2024-25 at 11 a.m. on Tuesday. This critical document will outline the government’s revenue and expenditure plans, influencing economic growth and stability across the nation. Understanding the budget’s implications for individuals and businesses alike is essential for informed financial decision-making.Also Read | … Read more

Business leaders are scenario planning for a Trump win

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Business leaders are scenario planning for a Trump win

With Donald Trump’s political stock suddenly reaching new highs—after he survived an assassination attempt and starred in a slickly produced convention, while President Biden stays at home with Covid, all in one week—business leaders must revisit their scenarios for a Trump presidency. They should keep three factors front and center: Trump’s stance on taxes and … Read more

PwC seeks extension of 15% corporate tax for new units

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PwC seeks extension of 15% corporate tax for new units

PwC India has recommended the government extend the concessional corporate tax rate of 15% (ended in FY24) for new manufacturing units for a period of at least five years, to boost domestic manufacturing, and foster import substitution. This is a key ask of industry which the Centre should consider for the full Budget, PwC partners … Read more

US Big Tech Companies’ Complicated Role in Ireland’s Booming Economy

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US Big Tech Companies’ Complicated Role in Ireland’s Booming Economy

Google’s European headquarters in Dublin, Ireland. Niall Carson/PA Images via Getty Images Ireland, despite its small land size and population, is among the wealthiest countries in the world. The island nation boasted a GDP per capita of $104,270 in 2023, according to the IMF, next only to Luxembourg and higher than the U.S., Switzerland, Singapore and … Read more

Zero corporate tax for 15 years for SEZ businesses

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Zero corporate tax for 15 years for SEZ businesses

ONE of the financial incentives for businesses with a permit to operate within a special economic zone is non-payment of corporate tax for 15 years, according to the Special Economic Zone Authority (SEZA). Board Director Vera Raga when giving a presentation during the Port Moresby Chamber of Commerce and Industry (POMCCI) breakfast yesterday highlighted that … Read more

Union Budget 2024: Tax parity, rationalisation of custom duty rates, US-India forum shares wishlist

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Union Budget 2024: Tax parity, rationalisation of custom duty rates, US-India forum shares wishlist

Budget 2024 expectations: The Tax Policy Forum of the US-India Strategic Partnership Forum (USISPF) has submitted its wishlist ahead of the Union Budget for 2024-25, which will be tabled in the third week of July. The US-India Tax Forum has recommended that the government should establish equality in the tax obligations of domestic and foreign … Read more

Trump’s Tax and Tariff Ideas: Details & Analysis

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Trump’s Tax and Tariff Ideas: Details & Analysis

Trump Tax Plan 2024: Details & Analysis Skip to content Home • Blog • Trump’s Tax and Tariff Ideas: Details & Analysis Trump has not released a fully detailed taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government … Read more

US-India Tax Forum proposes key tax reforms for Union Budget 2024-2025 – CNBC TV18

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US-India Tax Forum proposes key tax reforms for Union Budget 2024-2025 - CNBC TV18

The US-India Tax Forum, a dedicated policy group within the US-India Strategic Partnership Forum (USISPF), submitted a set of tax amendment recommendations for India’s Union Budget 2024-25.Union Finance Minister Nirmala Sitharaman will present the Budget on July 23. The proposals aim to foster a stable and predictable tax environment to boost investment sentiment across various … Read more

WTI drops to $81.50, Saudi oil exports to China rebound

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WTI drops to $81.50, Saudi oil exports to China rebound

West Texas Intermediate (WTI) extended losses for the third session, trading around $81.50 per barrel in Asian markets on Tuesday. Crude oil prices faced pressure after Hurricane Beryl, which struck a key US oil-producing hub in Texas, caused less damage than anticipated by markets. Despite slowdowns in refining activity and evacuations at production sites, major … Read more

Furniture imports hit Sh8.7bn, defying steep President Ruto taxes

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Furniture imports hit Sh8.7bn, defying steep President Ruto taxes

Expenditure on furniture ordered from foreign countries by Kenyan traders and households has continued to grow by double-digit rates despite increased taxation and government directives requiring agencies to cut imports. About Sh8.69 billion was spent on furniture, beddings, mattresses, and furnishes in the nine months through March 2024 following the application of 45 percent import … Read more