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Prime Minister Narendra Modi will launch the ‘Transparent Taxation - Honoring The Honest’ platform at 11 am on Thursday.(Reuters File Photo)

PM Modi launches Transparent Taxation platform

Hindustan Times, New Delhi | By hindustantimes.com | Edited by: Amit Chaturvedi
UPDATED ON AUG 13, 2020 03:40 PM IST
Over the years, the income tax department has carried out several major reforms, including reduction in the corporate tax. The ‘Transparent Taxation - Honoring The Honest’ platform will further benefit the taxpayers.
Tax system design is full of difficult trade-offs, but there are powerful rules of thumb that can guide policymakers. Simplicity and stability are crucial — a complicated tax system is likely to be expensive, inefficient, and inequitable, while frequent policy changes make it difficult for taxpayers to plan(PTI)
Tax system design is full of difficult trade-offs, but there are powerful rules of thumb that can guide policymakers. Simplicity and stability are crucial — a complicated tax system is likely to be expensive, inefficient, and inequitable, while frequent policy changes make it difficult for taxpayers to plan(PTI)

The quest for a simpler and more efficient GST

By Sarthak Agrawal and Ross Warwick
UPDATED ON DEC 02, 2019 06:58 AM IST
The tax regime is positive. But a set of reforms, based on comparative experiences of other countries, will help
The success of the move depends on the government’s approach to tax administration; its management of public finances; the other steps it takes to address structural issues and boost investment; and the manner in which firms choose among available tax structures(PTI)
The success of the move depends on the government’s approach to tax administration; its management of public finances; the other steps it takes to address structural issues and boost investment; and the manner in which firms choose among available tax structures(PTI)

The government’s corporate tax move is bold. But there is a fiscal risk | Opinion

By Suyash Rai
UPDATED ON SEP 21, 2019 06:22 AM IST
It will potentially leave investors with more money, make firms competitive, and boost consumption
US internet giant Google has agreed a settlement totalling 945 million euros (USD 1.0 billion) to settle a tax dispute in France under an agreement announced in court on Thursday.(REUTERS)
US internet giant Google has agreed a settlement totalling 945 million euros (USD 1.0 billion) to settle a tax dispute in France under an agreement announced in court on Thursday.(REUTERS)

Google agrees 945 million euros tax settlement with France

Paris | By Press Trust of India
PUBLISHED ON SEP 12, 2019 09:02 PM IST
The company will pay a 500-million-euro fine for tax evasion, as well as a further 465 million euros to settle claims with French tax authorities.
Winnie Byanyima, executive director of Oxfam International(REUTERS)
Winnie Byanyima, executive director of Oxfam International(REUTERS)

Gap between rich and poor growing, fuelling global anger: Report

Nairobi (Reuters) | By Reuters
UPDATED ON JAN 21, 2019 02:07 PM IST
A new billionaire was created every two days last year, just as the poorest half of the world’s population saw their wealth decline by 11 percent.
Indicating that further simplification of the Goods and Services Tax is on the anvil, Prime Minister Narendra Modi said his government wants to ensure that ‘99 per cent things’ attract sub-18 per cent GST slab.(PTI)
Indicating that further simplification of the Goods and Services Tax is on the anvil, Prime Minister Narendra Modi said his government wants to ensure that ‘99 per cent things’ attract sub-18 per cent GST slab.(PTI)

‘Working to bring 99% things in sub-18% GST slab,’ says PM Narendra Modi

Mumbai | By Press Trust of India
PUBLISHED ON DEC 18, 2018 12:41 PM IST
Modi indicated that the 28 per cent slab of GST would only be restricted to a few select items, such as luxury goods.
A local train moves on an elevated track over a slum area at Wadala, Mumbai, February 1, 2018(Kunal Patil/HT Photo)
A local train moves on an elevated track over a slum area at Wadala, Mumbai, February 1, 2018(Kunal Patil/HT Photo)

‘Nations must develop action plans to tackle inequality’

Hindustan Times | By KumKum Dasgupta
UPDATED ON OCT 16, 2018 03:53 PM IST
Social spending is almost always progressive because it helps reduce existing levels of inequality. Despite this, in many countries, social spending could be far more progressive and pro-poor.
Principal economic advisor to the finance ministry Sanjeev Sanyal said the Centre would consider further simplifying the direct tax collection system and reduce the rates if the tax revenues continue to do well.(HT/File Photo)
Principal economic advisor to the finance ministry Sanjeev Sanyal said the Centre would consider further simplifying the direct tax collection system and reduce the rates if the tax revenues continue to do well.(HT/File Photo)

GST slabs may be brought down to three: Principal economic advisor to finance ministry

Kolkata | By Indo Asian News Service
UPDATED ON AUG 04, 2018 08:14 PM IST
Principal economic advisor to the finance ministry Sanjeev Sanyal on Saturday said Goods and Services Tax (GST) slabs may be brought down to three along with the exemption category in order to further simplify the country’s tax regime.
Union finance minister Piyush Goyal said that earlier, with all indirect taxes put together, they had 6.37 million assesses, but now, they have 11 million.(HT/File Photo)
Union finance minister Piyush Goyal said that earlier, with all indirect taxes put together, they had 6.37 million assesses, but now, they have 11 million.(HT/File Photo)

GST has been a game-changing reform, says Piyush Goyal as tax system completes one year

Hindustan Times, New Delhi | By R Sukumar and Shishir Gupta
UPDATED ON JUL 01, 2018 09:45 AM IST
Union finance minister Piyush Goyal said the Centre is trying to simplify the tax process and is also considering a change in the software.
Mirror Lakes along the way to Milford Sound, New Zealand.(Shutterstock)
Mirror Lakes along the way to Milford Sound, New Zealand.(Shutterstock)

Visitors to New Zealand will have to pay tourist tax from 2019

Agence France-Presse | By HT Correspondent
UPDATED ON JUN 16, 2018 02:35 PM IST
Planning a visit to New Zealand next year? You may need to shell out more money as tourist tax.
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