Income Tax

Moon's Flagship Policies for South Korea Draw Warning From OECD

South Korea should assess the impact of its minimum wage hike for this year before raising it any further, according to the Organisation for Economic …

South Korea

Rich people in high-tax states are using this strategy to evade SALT caps

Residents in high-tax states are getting creative when it comes to evading the $10,000 cap on state and local tax deductions implemented as part of the Tax Cuts and Jobs Act, tapping a strategy one expert says may actually be permissible under current Internal Revenue Service (IRS) guidelines.<p>High …

Personal Finance

China Digs a Trench for the U.S. Trade Siege

By cutting taxes, Beijing will steel citizens for the fight ahead.<p>If you’re about to start a trade war, best ensure your citizens are in an optimistic mood.<p>That’s one way of looking at the U.S. tax cuts passed last November. Stimulus from that law will boost economic growth by about three-quarters …

China

Constitutional alterations on hunting, taxes go to panels

North Carolina Republican legislators are ready to advance proposed constitutional amendments, some which could make it more attractive for …

State Constitutions

Mother and son locked up for tax scam

A federal judge ordered a mother and son to spend a year behind bars for failing to report $3.7 million in income from their adult care businesses to …

Detroit

UbiSoft Sibling Guillemot Is Ready To Move Up A Gear

<i>Company: Guillemot Corporation</i><p><i>Listed on: Euronext Paris</i><p><i>Ticker: GUI:FP</i><p><i>Market cap: €83M/$98M (@ €5.4 per share)</i><p><i>Insider ownership (Guillemot family -</i> …

Investing

Getting Married? What You Need to Know About Your Student Debt

Talking about your student loans isn’t likely to be top of mind if you’re planning a wedding. But if you or your spouse-to-be have college debt, it’s …

Personal Finance

How to Reduce or Avoid Capital Gains Tax on Property or Investments

Capital Gains Tax? Yes, besides sales tax, excise tax, property tax, income tax, and payroll taxes, individuals who buy and sell personal and …

Retirement

“Managers Don’t Have All the Answers”

The New York Times once referred to Jamie Dimon as “America’s least-hated banker.” For a Wall Street titan, that’s about as good as it gets.<p>Dimon has been at the helm of JPMorgan Chase for more than 12 years. At 62, boyish and sometimes blunt, he remains true to his roots as a straight-talking guy …

Harvard Business School

Malaysia could extend tax breaks for key foreign investors - Mahathir

By A. Ananthalakshmi, Emily Chow and Kevin Krolicki<p>KUALA LUMPUR, June 19 (Reuters) - Malaysia could extend new tax incentives for foreign investment …

Economic Development

Answer to Budget Woes Is Cuts Not Taxes, Says New Jordan Premier

Jordan will rely on cutting excess spending rather than raising taxes to balance its budget, the country’s new prime minister said Tuesday, weeks …

Budget Deficit

China plans personal income tax reform, raises tax threshold from 3500 to 5000 yuan per month

In an attempt to stimulate consumer spending, China is carrying out its first major tax reform in the last seven years. The country plans to raise …

China

Our Ministers Know Nothing About Economics: Subramanian Swamy

<b>Camerapersons:</b> Abhay Sharma & Abhishek Ranjan<b><br>Video Editor:</b> Sunil Goswami<p>“Not even a single minister in the Union Cabinet understands economics,” …

India

No hasty decisions on wealth tax, says Ramaphosa's economic advisor Trudi Makhaya

The report advised that as a first step, the South African Revenue Services (SARS) should ask taxpayers who are required to file income tax returns, …

Business (South Africa)

Coalition inches towards success for its $143bn tax package

The Turnbull government is inching closer to securing its $143bn personal income tax package despite the Senate successfully stripping out the tax relief for higher income earners due to start in 2024.<p>The procedural vote in the Senate flushed out Pauline Hanson, who voted unsuccessfully with the …

Australia

How Jeremy Corbyn - and Brexit - have moved British politics to the left

Theresa May's promise of an extra £25bn for the NHS is a recognition of the new collectivist spirit.<p>After the 2008 financial crisis, the …

Opinion (UK)

The Latest: Trump encourages House GOP tax plan writers

WASHINGTON (AP) — The Latest on President Donald Trump's tax overhaul (all times local):<p>9:30 p.m.<p>President Donald Trump is offering words of encouragement to House Republicans as they struggle to come up with a tax plan.<p>In a tweet late Tuesday, Trump writes: "The Republican House members are …

Donald Trump

Annuity Myths and Realities

You may have noticed that certain financial pundits are determined to give annuities a bad rap. But some of the most prevalent objections concerning …

Retirement

Government moves to put workers on more than $75,000 at the heart of a tax election

Loading<p>Mr Shorten hardened his stance against the full tax reform after clearing the new policy with his caucus, confirming Labor will not embrace …

Australia

Make the UK a low tax haven and attract business post-Brexit

I voted to Remain, largely because I did not think that UK elected representatives were any more economically literate that the unelected leaders of …

Opinion (UK)

Labor fumes over PM's aged

Labor is fuming over comments the prime minister made about aged-care workers, calling on him to apologise.<p>The opposition has taken umbrage with …

Australia

Australian: Shadow Assistant Treasurer

Shadow Assistant Treasurer Andrew Leigh says the government’s income tax cut plan is unfair and Un-Australian. Labor has agreed to support the first …

Australia

How much gold jewellery can you hold?

There is no restriction on how much gold an individual can hold. But if the amount of gold held is disproportionate to your income or you cannot …

India News

Theresa May Could Fund the NHS Without Breaking Her Tax Promises

There is a way for British Premier Theresa May to solve her political predicament of increasing spending without violating a pledge to avoid raising …

George Osborne

Verdict reserved on appeals preferred by Nalini Chidambaram

The Madras High Court on Tuesday reserved its judgment on a couple of writ appeals preferred by former Union Minister P. Chidambaram’s wife Nalini …

India

Oklahoma Gas & Electric $64 million rate cut is approved

The Oklahoma Corporation Commission has approved a $64 million rate cut in utility bills proposed by Oklahoma's largest electric utility.<p>The …

Business

Mothers have little to show for extra days of work under new tax changes

The federal government’s new Child Care Subsidy (CCS) starts from July 2, 2018. The government has also announced personal income tax cuts. But these …

Business (Australia)

In a letter to PM Modi, Kingfisher Airlines ex-employees seek intervention over unpaid salaries

<b>New Delhi</b>: Worried over unpaid dues, former employees of now defunct carrier Kingfisher Airlines wrote an open letter to Prime Minister Narendra Modi …

India

Probe into 80,000 shell firms hits dead end as govt fails to trace PANs

The government had sent notices to 226,000 companies for not filing statutory returns

India

Trump's tariffs: What they are and how they would work

WASHINGTON (AP) — So is this what a trade war looks like?<p>The Trump administration and China's leadership have threatened to impose tariffs on $50 billion of each other's goods. Trump has proposed imposing duties on $400 billion more if China doesn't further open its markets to U.S. companies and …

Globalization