Wealth tax

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WEALTH TAX NEWS

Lessons from the past: Why a wealth tax may not be a rich idea

December 22, 2024 9:42 pm

Among the various reasons why people choose to migrate are financial considerations and tax benefits. A wealth or an inheritance tax may aggravate this. Moreover, a large part of wealth in India, and as a consequence a person’s inheritance, is in the form of land, real estate and gold.

Wealth tax in India will boost economic growth. The roadblock is political will

Wealth tax in India will boost economic growth — roadblock is political will

December 19, 2024 2:26 pm

The reason wealth tax failed earlier is because it was deliberately made complicated by allowing concessions, loopholes, etc. Now, with digital records, it should be easier to implement

Opp raises lack of jobs, inflation, urges govt to bring in 2% wealth tax

August 08, 2024 4:31 am

TMC MP Derek O’Brien stressed on the demand to roll back 18% GST on health insurance and life insurance. “This was a provision brought in 2017. All parties are together on this, to take away this GST on insurance,” he said.

She’s inheriting millions of euros. She wants her wealth taxed away.

October 22, 2022 10:26 am

Marlene Engelhorn, a 30-year-old who grew up in Vienna, is part of a growing movement of young, leftist millionaires who say they want governments to take a much larger share of their inherited wealth.

In US, Democrats plan to tax the rich. How does it work?

September 15, 2021 7:32 am

But the proposal, while substantial in scope, stopped well short of changes needed to dent the vast fortunes of tycoons like Jeff Bezos and Elon Musk.

Wealth tax basics: Get a grip for peace of mind

April 18, 2014 7:41 pm

Wealth tax is a direct tax levied on individuals, HUFs and companies annually.

Cong asks Badal to withdraw state taxes in special session

April 15, 2014 5:35 pm

Claing credit for settling the issue of wealth tax in the interest of states peasantry,the Punjab Congress on Tuesday said it foiled the attempt of the SAD-BJP government to exploit the issue for political gains.

Where agriculture land is the only wealth,why taxing it may be a killer

April 15, 2014 5:43 pm

Chitleen K Sethi explains how wealth tax is calculated and why parties are opposing it.

Govt may drop wealth tax on farm land

April 30, 2013 2:15 am

Finance Minister P Chidambaram is expected to withdraw the one per cent wealth tax on agricultural land proposed earlier when he moves the Finance Bill

Will oppose wealth tax on farmers,vows Punjab Cong

April 15, 2014 5:52 pm

With the panchayat elections looming,PPCC chief Partap Singh Bajwa and CLP leader Sunil Jakhar on Saturday said the Congress would strongly oppose imposition of wealth tax on Punjab farmers.