Tax Policy

India to Simplify Income Tax Laws in Upcoming 2025 Budget Revisions
Economic & Fiscal India to Simplify Income Tax Laws in Upcoming 2025 Budget Revisions

In an ambitious move to revamp and simplify the country's taxation landscape, the Indian government is preparing to unveil comprehensive revisions to its income tax laws, set to be included in the Union Budget presented on February 1, 2025. These changes aim to streamline the existing tax

Senator Eric Schmitt Discusses GOP Priorities After Trump's 2024 Win
Economic & Fiscal Senator Eric Schmitt Discusses GOP Priorities After Trump's 2024 Win

Shortly after Donald Trump’s resounding victory in the 2024 presidential election, U.S. Senator Eric Schmitt, a Republican from Missouri, sat down with St. Louis Public Radio to discuss the GOP’s anticipated legislative priorities. With the Republican Party now controlling the White House, the U.S.

Labour's First Budget in 14 Years: Tax Hikes, Cuts, and Investments
Economic & Fiscal Labour's First Budget in 14 Years: Tax Hikes, Cuts, and Investments

On October 30, Chancellor Rachel Reeves will unveil the first Labour Budget in 14 years amid an economically challenging landscape. This highly anticipated event will feature significant financial reforms marked by tax increases and spending cuts, aimed at addressing what Labour describes as an

NSW Health Insurance Tax Hike May Increase Premiums and Drop Coverage
Public Services & Infrastructure NSW Health Insurance Tax Hike May Increase Premiums and Drop Coverage

The New South Wales (NSW) government's recent move to raise taxes on private health funds is set to have far-reaching implications for insurance premiums and the healthcare system. Under the new legislative change, insurers could face a tax hike up to $3.27 per person per week, substantially

Will Tax Hikes and New Laws Push UK Retailers to Breaking Point?
Economic & Fiscal Will Tax Hikes and New Laws Push UK Retailers to Breaking Point?

The UK retail sector is bracing for a potentially turbulent end to the year as the government contemplates tax hikes that could drastically impact consumer spending during the crucial Golden Quarter. A recent survey conducted by RSM UK paints a grim picture: 42% of consumers and 45% of families are

Revitalizing Canada's Economy: Tax Reform and Investment Incentives Needed
Government Revitalizing Canada's Economy: Tax Reform and Investment Incentives Needed

Canada is facing a profound economic challenge. With stagnant per capita income levels and widening wealth gaps compared to the United States, the urgency to implement strategic economic reforms has never been more critical. Fundamentally, underperformance in private sector investment and

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