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tax system news

Did the IRS announce a ‘new tax benefit’ for 2026? Here's what to know

A view of the Internal Revenue Service building in Washington DC.
us news
Updated on Jan 22, 2026 07:07 am IST

Niti Aayog calls for a modern tax framework for trust-based governance

Phot for representation
india news
Published on Oct 10, 2025 01:33 pm IST

‘This marks a transition…’: Experts on Income Tax Bill 2025

Nirmala Sitharaman tabled Income Tax Bill 2025 on Thursday, February 13.
business
Updated on Feb 14, 2025 04:44 pm IST

Govt answers all FAQs on new Income Tax Bill: ‘60,000 man-hours spent on it’

Read on to know what FAQs the government has answered about the new Income Tax Bill 2025
business
Published on Feb 13, 2025 09:04 pm IST

10 things every taxpayer must know about Sitharaman's Union Budget 2025

Here are 10 things every taxpayer must know about the Budget 2025
business
Published on Feb 12, 2025 02:11 pm IST

Income tax may be reduced for those earning up to ₹15 lakh this Budget: Report

The number of taxpayers with a gross income between ₹50 lakh and ₹1 crore has grown by 440% over the last decade (FILE PHOTO)
budget
Published on Dec 27, 2024 03:08 pm IST

6 years of GST: Tracing role of Vajpayee, Kelkar, Chidambaram, Jaitley…

6 years of Goods and Services Tax (GST).
business
Published on Jul 01, 2023 03:14 pm IST

PM Modi launches Transparent Taxation platform

Prime Minister Narendra Modi will launch the ‘Transparent Taxation - Honoring The Honest’ platform at 11 am on Thursday.
india news
Updated on Aug 13, 2020 03:40 pm IST

The quest for a simpler and more efficient GST

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
analysis
Updated on Dec 02, 2019 06:58 am IST

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

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
analysis
Updated on Sept 21, 2019 06:22 am IST

Google agrees 945 million euros tax settlement with France

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.
business
Published on Sept 12, 2019 09:02 pm IST

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

Winnie Byanyima, executive director of Oxfam International
world news
Updated on Jan 21, 2019 02:07 pm IST

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

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.
india news
Published on Dec 18, 2018 12:41 pm IST

‘Nations must develop action plans to tackle inequality’

A local train moves on an elevated track over a slum area at Wadala, Mumbai, February 1, 2018
analysis
Updated on Oct 16, 2018 03:53 pm IST

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

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.
india news
Updated on Aug 04, 2018 08:14 pm IST

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

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.
india news
Updated on Jul 01, 2018 09:45 am IST

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

Mirror Lakes along the way to Milford Sound, New Zealand.
travel
Updated on Jun 16, 2018 02:35 pm IST
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