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Latest Articles
Federal tax burden rises across U.S., including California
43+ min ago (302+ words) According to numbers from the national firm J. David Tax Law, federal income tax burdens have grown dramatically across the country – with California in fifth place nationally. Californians saw an average increase in their federal income taxes to $26,588 per filer. Delaware,…...
'Is Making Tax Digital coming for my rental income?"
1+ hour, 3+ min ago (409+ words) Mike qualified as a financial adviser in 2002 and helps with guidance on tax, pensions and investments. I’m receiving some rental income as well as drawing pension income and am concerned that I may be caught by the new Making Tax…...
Mumbai ITAT allows tax relief where two flats were purchased and used as a single home
2+ hour, 9+ min ago (307+ words) Prop News Time US-Iran War & Its Impact on Indian Real Estate De-coding REITs | Understanding Real Estate Investment Trusts Decoding Data Centres & Digital Infrastructure | What are Data Centres & How Clouds Work Decoding Luxury Real Estate in India | What truly defines Luxury…...
House Ways and Means Committee Republicans consider dropping crypto tax provisions
2+ hour, 4+ min ago (368+ words) Key provisions on mining and staking tax treatment may be cut from the digital asset package to secure bipartisan support ahead of midterm elections House Republicans on the Ways and Means Committee are weighing whether to strip out provisions that…...
WB plans disbursing $2.03b soft credit to BD
6+ hour, 10+ min ago (493+ words) The World Bank plans to disburse US$2.03 billion to Bangladesh from its low-cost financing-arm International Development Association (IDA) in the current fiscal year, officials have said.The plan was discussed earlier this month when a team of the Washington-based multilateral…...
Pearl Thusi responds to nearly R15m SARS tax demand
11+ hour, 53+ min ago (307+ words) SARS has come knocking on Pearl Thusi's door with a hefty bill. The revenue service issued a formal demand to the actress for close to R15 million in unpaid tax, interest and penalties, and the clock is ticking for her to…...
CAFBA says major flaws remain in discretionary trust plan
13+ hour, 24+ min ago (889+ words) CAFBA has warned that the government’s revised discretionary trust plan still leaves small and family businesses facing a difficult choice between trust flexibility and a higher tax burden. The Commercial & Asset Finance Brokers Association of Australia (CAFBA) has welcomed the…...
$40 Trillion US Debt and Rising Global Yields Trigger Broad Economic Alarm | The latest National and International News
6+ hour, 48+ min ago (266+ words) A sharp rise in global long-term market interest rates is sending warning signals through international financial markets. Escalating government debt, persistent inflation risks, and heavy corporate borrowing are driving up bond yields on both sides of the Atlantic, raising financing…...
Mumbai ITAT Rules ₹18.4 Crore Redevelopment Gains Not Taxable to Society
5+ hour, 40+ min ago (1025+ words) Following its initial assessment in Mumbai, the Income Tax Appellate Tribunal (ITAT) levied a tax of Rs18.4crore in addition to a co-operative housing society located at Cumballa Hill. Presently it is the tribunal's opinion that this amount has to be deleted…...
What Are Exit Taxes And How Do They Work?
5+ hour, 40+ min ago (337+ words) WealthBriefing provides news, features and information for the wealth management and private banking industries.In-depth industry profiles and authoritative commentary ensures that WealthBriefing is the premier supplier of news, content and analysis for wealth managers and private client professionals. Owned…...