According to SBI Research, a wealth tax or any other new tax will do more harm than good
SBI Research has warned that any new tax, such as a wealth tax or others, could cause more harm than good at this time, ahead of the Union Budget, which will be submitted in Parliament on February 1.
Taiwan emphasizes revisions in new tax treaty protocol with UK
The amendments in the new amending protocol to the UK-Taiwan tax treaty were detailed by Taiwan’s Ministry of Finance on January 18. After entering into force on December 23, the protocol takes effect on January 1.
Hong Kong examining tax-privileged retirement products
Hong Kong: Qualifying Deferred Annuity Policies (QDAP) and Mandatory Provident Fund (MPF) Tax-Deductible Voluntary Contributions are two tax-deductible retirement savings products being investigated by Hong Kong authorities (TVC).
Cyprus and Jordan have an income tax treaty
Cyprus approved an income tax treaty with Jordan on December 31, 2021.
Important changes for the 2021 tax season to be aware of
Another year of dealing with the coronavirus has resulted in major modifications to the tax season for 2021.
The IRS says you have one more chance to obtain a surprise tax refund this year
The IRS has handed out billions of dollars in tax refunds to Americans who didn’t expect to get money back since May. People whose 2020 tax
What is the hypocritical global minimum tax and how does it affect you?
It’s ironic that a group of wealthy nations is lobbying for policies that will hurt poorer nations. Yet, by endorsing a worldwide minimum tax rate of 15% on enormous multinational earnings, the leaders of the world’s largest economies accomplished just that, a pact that has subsequently gathered traction and pledges from leaders in 136 countries.
UK finance: there’s a push to reduce taxes and immigration requirements
According to the sector’s advocacy group, the UK needs to raise tax incentives and make it simpler for foreign talent to come to the nation if it wants to reclaim its status as the world’s foremost financial center.