Image Source : INDIA TV Budget 2024 Budget 2024: In the general budget for the fiscal year 2024-25, the focus should be on providing relief to taxpayers, especially those in the lower-income group, to boost consumption, Industry leaders suggested to Finance Minister Nirmala Sitharaman. Sitharaman is set to present the full budget for 2024-25 on … Read more
Andresr | E+ | Getty ImagesWith trillions of dollars in tax breaks scheduled to expire after 2025, financial advisors are working with clients to prepare for the looming tax cliff. Enacted by former President Donald Trump, the Tax Cuts and Jobs Act of 2017, or TCJA, included lower federal income tax brackets, bigger standard deductions and … Read more
Loading…Loading…The International Monetary Fund (IMF) has raised a red flag on the potential of artificial intelligence (AI) to exacerbate inequality, urging governments to take measures to protect their economies.What Happened: The IMF expressed “profound concerns” about the possibility of significant labor disruptions and increased inequality as societies transition to generative AI, according to a report … Read more
Sharon Basch is a rising 3L at the University of Pittsburgh School of Law and a JURIST staff correspondent in Washington DC this summer. Wednesday morning I attended a US Senate Budget Committee hearing entitled “Making Wall Street Pay its Fair Share: Raising Revenue, Strengthening Our Economy.” The hearing was called to discuss tax policy and … Read more
Gold’s lightning rally to successive record highs shows every sign of continuing in the second half of 2024 as the fundamental case for bullion remains firmly in place, though $3,000 per ounce looks just out of reach, traders and industry experts said.Investors have flocked in droves towards the precious metal, driven by expectations for monetary … Read more
Despite some significant positive changes in the proposed budget, foreign investors in Bangladesh still have major concerns about the effective income tax rate, which exceeds 40% in some cases, leaders of the Foreign Investors Chamber of Commerce and Industry (FICCI) said. “Despite the decrease in the corporate tax rate, the effective tax rate here in … Read more
NRIs need to pay tax on income that arises in India for the financial year of 2023, which runs from April 1, 2022, to March 31, 2023.
The Investment Corporation of Dubai reported a 68% increase in net profit in 2023, reaching a record high of 60.8 billion dirhams.
The Daleela passenger and car ferry has resumed its sailings from Limassol to Piraeus for the third season, with increased ticket sales compared to last year. The ferry will operate exclusively from Limassol, with departures on Wednesdays and Sundays from Limassol and Tuesdays and Fridays from Piraeus. Ticket prices have slightly increased from last year, with the ferry receiving a €5.5 million annual subsidy. The ferry link between Cyprus and Greece was reinstated in 2022 after 20 years, supported by a state subsidy approved by the European Commission.
The Cyprus-Greece ferry service resumed on Wednesday with the Cypriot-flagged Daleela departing from Limassol port. The service will have a total of 22 itineraries throughout the summer, with the last one departing on September 1. As of last week, the service received 8,500 bookings, including 6,600 passengers, 1,750 cars, and 150 pets.