Consumption is crucial for the economy amid uncertain exports and low corporate investments. The finance minister introduced significant income-tax cuts while maintaining fiscal consolidation.
Hence, only half of the revenues foregone by the government by the revision will boost consumption. The income tax rebate under the new tax regime has been raised to Rs 12 lakh per annum from Rs 7 ...
How equitable are consumption taxes in developing countries? How might stronger consideration of the informal sector enhance tax equity and revenue collection? A recent study by CID faculty affiliate ...
New Delhi: The government of India’s decision to remove personal income tax for individuals earning up to Rs 12 lakh annually will boost consumption. Individuals earning up to Rs 12 lakh ...
Under Japan’s current tax system, app and game companies are responsible for paying the consumption tax on app sales themselves. However, many overseas companies are believed to have failed to ...
This is extremely important for us to gauge the impact of the finance minister’s income tax bonanza on overall consumption. For starters, Sitharaman has said the tax cuts will cost the ...
The new structure will substantially reduce the taxes of the middle class and leave more money in their hands, boosting household consumption, savings and investment." Changes included pushing ...
Retailers Association of Massachusetts President Jon Hurst said his organization is “concerned” about consumption and consumer taxes. “You can put a new tax or raise a tax on consumers here ...
“The consumption sector has seen a strong post-budget surge, with indices like Nifty FMCG and Nifty Consumption rising by nearly 5%. The sudden interest towards cons has come due to the tax relief to ...
Government is faced with a critical decision regarding tax policies as it considers the removal of the e-levy, betting tax and emission levy. While these levies have been described as a burden on ...