Wednesday, 19 December, 2018

Topic: tax

A tobacco cigarette

Pakistan govt move to impose ‘sin tax’ on cigarettes, sugary beverages draws flak

Here’s what’s happening across the border: World Bank says India-Pakistan trade has potential to reach $37 billion, and Bill Gates appreciates Imran Khan's polio eradication efforts. 

Increasing taxes on alcohol will add 500 healthy years to every 10 lakh people: WHO study

Study by WHO researchers found that taxation most cost-effective way of reducing alcohol effects; based on data from 16 countries, including India.
Illustration by Peali Dezine

Are other countries more to blame for Donald Trump’s policy directions?

Trump’s unilateral actions raise the risk of trade war, but he’s right in saying that key economic issues have to be addressed.
Indian currency | Indranil Mukherjee/AFP/Getty Images

Become a black money informant, take home up to Rs 5 crore, says Income Tax department

The new scheme hopes to encourage informants to spill the beans about undisclosed assets, both in India and abroad.
income tax

Behave properly with taxpayers: Income tax department tells its officers

The poor conduct of tax officers and staff is believed to have drawn a lot of complaints from taxpayers, damaging the image of the department.
Shashi Tharoor

Debate over finance commission exposes south’s tendency towards misplaced entitlement

To ensure equity between the states, poorer states should receive a greater share of union tax revenues as compared to better off states.
Rahul Gandhi with Karnataka CM Siddaramaiah | PTI

Why the south-vs-north debate is a flawed way to analyse the 15th finance commission formula

If this argument of south-vs-north is followed through, a direct corollary would be to also oppose money flows from Bengaluru to Bidar or from Whitefield to south Bengaluru.

The great balancing act by Jaitley on social and fiscal fronts

The big relief is that Arun Jaitley's fifth budget largely steers clear of the many traps that ensnare budgets before a series of big elections.
Arun Jaitley

Long-term capital gains tax makes a comeback

LTCG reintroduced after 14 years; govt also imposes 10% tax on dividend distributed by equity mutual funds.
Adi Godrej talks about Budget 2018

Budget 2018 makes India uncompetitive for investments, says Adi Godrej

Arun Jaitley has re-introduced long-term capital gains tax of 10 per cent. Companies with turnover of up to Rs 50 crore have got corporate tax relief.
Foreign investment has transformed China

A little humility from the Communist Party will serve China well

By taking all the credit for the country’s stunning economic rise, the Communist Party is threatening its continued prosperity.
madhya pradesh

MP push for 70% industry jobs to locals: Valid regionalism or is Congress the new Shiv Sena?

Kamal Nath, on his first day as Madhya Pradesh chief minister, announced incentives for industries that hire 70 per cent local workers. When questioned about th...