Tax-cut beneficiaries are a small group with a lower than average propensity to use extra income for consumption, while ...

Joseph J. Thorndike examines how tariff policy in the 19th century slowed the introduction of the modern income tax.

There is a compelling case for this move: tax relief announced in the budget in July last year offered minimal benefits to low ... 2024-25. Cutting income tax rates to address slowing consumption ...

Fiscal sops in the absence of adequate employment generation will be a futile endeavour to achieve the ultimate objective of ...

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 ...

Budget 2025 focusses on providing relief to the middle class, while keeping its eye on development. Will it spur demand?

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.

New Delhi [India], February 8 (ANI): Income tax relief provided for in the Union Budget coupled with RBI repo rate cut put together will boost recovery in consumption in the economy, asserted Finance ...

The allocation for capex in Budget 2025-26 is ₹11.21 lakh crore, just 0.9% higher than the Budget 2024-25 capex of ₹11.11 lakh crore. True, it is 10.1% more than the revised 2024-25 capex estimate of ...

But Trump may be well aware of this and be touting the "foreigners are paying" logic anyway while working on a gradual transition away from the income tax and toward a consumption tax, some ...

While India seeks to counter global headwinds and uncertainties that can mar its economic growth, it should ensure the boost ...

and equity (whether the tax is fair to everybody) are central to the analysis. The conventional belief that taxing income entails a higher welfare (efficiency) cost than taxing consumption is based in ...