What Is the Value-Added Tax That Trump So Despises?
The president says the VAT system used across Europe gives other countries unfair trade advantages. Here’s how the system ...
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GST Reform: Steps Towards Fewer, Lower Tax Rates
The GST Council, led by Finance Minister Nirmala Sitharaman, plans to simplify and lower tax rates as the review nears ...
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What Is an Indirect Tax and How Does It Impact Your Money?
Indirect taxes are charged on goods and services, not on income or profits. These taxes are collected by businesses, such as ...
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Union Budget: Analysis of changes in Goods & Service Tax
The Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman presented the Union Budget 2024-25 in Parliament, today i.e. February 02, 2025. Majorly the changes were earlier ...
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e-Way Bill Applicability for Gold and Precious Stones
Way Bill Applicability for Gold and Precious Stones. The e-Way Bill (EWB) system under the Goods and Services Tax (GST) ...
No Income Tax For Working Class? Unions Float Radical Proposal
Lawmakers will consider a bill to increase the state excise tax and wipe out the state income tax for most residents.
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Understanding Tariffs and Strategies for Mitigating Their Impact
In recent months, tariffs have become a significant concern for businesses importing goods, particularly in relation to trade ...
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Civic Federation Says Illinois Should Extend Sales Tax to Services to Help Bridge $3B Budget Deficit
By applying the sales tax only to goods and a small number of services, Illinois is missing the ability to tax much of the ...