Tag Archives: tax

How 15th Finance Commission is trying to manage South India’s anger over tax division – and failing

No other country carries within it the diversity that India does. This trite-but-true dictum extends even to taxation, with different states having markedly different rates of prosperity. Karnataka, for example, has a per capita income that is almost five times that of Bihar. Expectedly, the manner in which India distributes the tax revenue it raises between the Union government and ... Read More »

After dividend distribution tax, Finance Minister ends tax avoidance via buyback route

Finance Minister Nirmala Sitharaman has proposed closing the buyback route used by corporates to avoid paying taxes. Earlier, corporates used to prefer using the buyback route after the government levied a dividend distribution tax of 10 percent in 2007, which was further hiked by a similar quantum in 2016. In the last three years, more than 170 companies have bought back shares worth ... Read More »

Go Ahead, Republicans. Tax College Sports.

Not a charity.  Photographer: Emile Wamsteker/Bloomberg I’m no fan of the tycoon-friendly, deficit-expanding tax bills that House and Senate Republicans have written. But there’s one surprising sphere of economic life where the two plans actually offer marked improvements over the status quo: college sports. College sports, of course, are big business; they generate around $13 billion a year in revenue. If college ... Read More »

Small Businesses Big Winners in Proposed Trump Tax Cuts

Historic tax cuts for American small businesses could be just around the corner. In an announcement at the White House today, Treasury Secretary Steve Mnuchin unveiled proposed sweeping reforms to the tax code for all U.S. businesses. At the same time, President Donald Trump’s chief economic advisor Gary Cohn presented proposals to overhaul the personal tax code. That would impact millions of ... Read More »

The What, Why and How of Income Tax Login

Is the deadline for filing your Income Tax Return coming closer day by day? As most of the people rush to file their tax returns, here is everything you need to know about Income Tax Login which will help you file your income tax returns online. The last date for filing your income tax return in India is 31st July ... Read More »

The technical side of international ed: let’s talk about tax, baby

In the world of international education, whether you’re a small business owner or the finance officer at a large organisation, the subject is made even more irksome with the added burden of navigating international sales tax. But as tax policies constantly change and international study offices are increasingly being asked to act like multinational companies, it’s important to talk about ... Read More »