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Italy agrees with US to oppose 'discriminatory' tech taxes

April 19, 2025 9:33 am

Despite the relatively small level of revenue the measure generates in a country with total budget spending topping 800 billion euros, the Italian web tax is a thorny issue for Meloni.

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The Third Edit | From ancient Rome to middle class today: There's no escaping the taxman

April 19, 2025 10:46 am

Recent research on a 1,900-year-old legal document shows that long before The Beatles sang about the ultimate bogeyman, the tax evader was in the crosshairs of the state

Union Budget, tax: Indians, in their personal capacity, are not spending enough. This component is a major engine of GDP growth.

ExplainSpeaking: Are Indians being over-taxed? Here are 5 charts on where India stands globally

February 01, 2025 7:42 am

There is a growing sense that the Indian government has been over-taxing its citizens. But is that so? We explain.

Union Budget 2024-25: On building Viksit Bharat, government walks the talk

July 23, 2024 8:16 pm

It focuses on sustainable and productive expenditure while maintaining fiscal prudence, and also promotes manufacturing while making employment generation a priority

The tax reform is estimated to bring 2.6 trillion rubles (USD 29 billion) in additional federal revenues in 2025.

Russian lawmakers approve an increase in income taxes for the wealthy

July 10, 2024 4:10 pm

The bill, which was endorsed in the final third reading by the State Duma, needs to be approved by the upper house and signed by President Vladimir Putin to become law.

The proposal involves a progressive tax on personal incomes and represents a change of course from the current flat-rate tax that was credited with bringing order and improving tax collections after it was introduced in 2001. (File Photo)

Russia's wealthy elite could face higher income tax as authorities propose a new, progressive system

May 29, 2024 10:06 am

The proposal, which would likely have to go through parliament for approval and subsequently a signoff by President Vladimir Putin, comes as Russia continues to spend vast amounts of money on the military campaign in Ukraine.

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Centre releases additional instalments of tax devolution to states

March 01, 2024 1:00 am

This devolution is in addition to the tax devolution of Rs 72,961 crore already released on February 12, 2024. With Thursday’s release, states have received three instalments of tax devolution in February 2024.

Relief for Pimpri-Chinchwad residents, as PCMC decides not to hike taxes

February 08, 2024 10:55 pm

No change in fee for documents issued by PCMC such as transfer notice and administrative service

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States get second tax devolution instalment in Dec

December 23, 2023 9:54 pm

The instalment is in addition to the usual monthly devolution instalment of Rs 72,961.21 made earlier on December 11 and also in addition to the tax devolution instalment due to states on January 10, 2024.

Overseas spending using credit cards not to attract TCS

June 28, 2023 10:27 pm

For the purchase of an overseas tour programme package, the TCS shall continue to apply at the rate of 5 per cent for the first Rs 7 lakhs per individual per annum; the 20 per cent rate will only apply for expenditure above this limit, the ministry added.