India’s gold market is threatened as the government revealed a new jewelry tax regulation, requiring a 1 percent sales tax on gold jewelry. Import taxes has not been changed, even though jewellers have expected the government to eliminate the 10 percent import duty.
Tags: Tax
IRS Releases Its New Policies For 2017, New Tax Rates, Standard Deductions, Exemption Amounts And More
The annual inflation adjustments for a number of provisions for the year 2017 including tax rate schedules, tax tables, and cost-of-living adjustment for particular tax items have been announced by the Internal Revenue Service (IRS).
Canada’s RBC Denied Facilitating Tax Evasion in Connection to Panama Papers Leak
The Royal Bank of Canada has released an official statement, explaining that the bank is not guilty for any illegal activities including tax evasion in connection to shell company set up as mentioned in leaked papers from Panama’s Mossack Fonseca. The bank claimed to have high standards to ensure clients would not use its services to evade tax.
Panama Papers: Ukrainian President Poroshenko Denied Accusations of Tax Evasion
The Panama Papers documents leak suggest that Ukrainian President Petro Poroshenko might be using an offshore company to evade tax. However, the president has denied such accusations, saying that he has not been managing the assets since he became president in 2014.
Panama Papers: Argentina President Mauricio Macri Denied Wrongdoings in Connection to the Offshore Company Linked to Him
Panama Papers documents leak ties Argentinian President Mauricio Macri to an offshore company. In a statement in response to many accusations, President Macri revealed that he was never a stakeholder in the company, and that he was not involved in any wrongdoings in regard to that.
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Scottish First Prime Minister Nicola Sturgeon said in an interview that the country’s economy remains strong even amid challenges that she acknowledges. She expects that the huge deficit would be manageable after separation.
South Africa’s currency has dropped to its four-year low after the news of the country’s finance minister threats of resignation was reported. Finance minister Pravin Gordhan threatens to resign over a spat with Tom Moyane, as the minister demanded the tax commissioner to be dismissed, or he himself would leave.
The move to legalize online poker started six months ago and a few changes have been seen since then. The legalization is expected to stop illegal online gambling that has been going on in the country since the activity was banned, and in turn, could also increase tax revenues for Russia. The rest of terms and time measures on this remain unknown.
A 401k loan is stirring a negative public impression lately and many argues whether it's something worth risking for. Forbes's Investing section contributor Michael Smith gives his expert advice on the matter.
Colombia will delay spending 6 trillion pesos ($2.44 billion), some 3 percent of its national budget, due to a sharp fall in oil revenue, the government said on Saturday.
Britain plans to introduce a tax to target multinationals such as Google Inc (GOOGL.O) and Amazon Inc (AMZN.O) accused of using complex accounting schemes to cut their payments on earnings in the country.
A top Japanese government official said Prime Minister Shinzo Abe should delay a planned sales-tax increase, the strongest sign yet that economic weakness is causing concern among those close to the premier ahead of the difficult tax decision.
Hungary's government plans to levy a new tax on Internet data transfers, according to the draft 2015 tax bill submitted to parliament late on Tuesday, which could hit Internet providers and the country's telecommunications companies.
U.S. drugmaker AbbVie Inc (ABBV.N) said on Monday it has reached agreement with Shire Plc (SHP.L) to officially call off its proposed $55 billion purchase of the Irish company, and will pay Shire a $1.64 billion breakup fee for walking away from the deal.
