Rachel Reeves Proposes Sharing Income Tax Revenues with England’s Regional Leaders
Chancellor Rachel Reeves proposes giving England's regional mayors control over income tax shares to decentralize fiscal power and…
Articles by & updated by Sai Sankar
Labor Eyes Capital Gains Tax Overhaul, Targets 50% CGT Discount in May Budget
Australia is reviewing its 50% capital gains tax discount for the 2026 budget, considering a reduction to 25%…
Maharashtra Assembly Passes Motor Vehicles Tax Amendment Bill, 2026, Doubling Green Levy
Maharashtra doubles green tax on vehicles over 15 years and offers up to 30% scrappage concessions to modernize…
NYC Department of Consumer and Worker Protection Finalizes Shield Rule for Debt Collectors
NYC's SHIELD Collection Rule takes effect Sept 1, 2026, enforcing strict communication caps and verification rights for all…
MCA Updates Accounting Standard 22 to Align with OECD Pillar Two Qdmtt Rules
MCA amends AS-22 to align with OECD Pillar Two, exempting companies from deferred tax recognition while mandating specific…
New Jersey Budget Plan Cuts Stay NJ Benefit to $4,000 for Seniors
Governor Sherrill proposes cutting Stay NJ tax relief by lowering the income cap to $250k and benefits to…
Colorado Lawmakers Weigh House Bill 25-1021 to Subtract Phantom Income from Federal Tax
Colorado's HB 25-1021 proposes a tax subtraction for 'phantom income' at qualified employee-owned businesses, effective from 2027 through…
Cestat Quashes Service Tax Demand on IBM India, Rules Warranty Reimbursements Not Taxable
CESTAT Bangalore quashes IBM India service tax demand, ruling warranty reimbursements from overseas are cost recoveries, not taxable…
CBDT Expands Common Reporting Standard to Crypto Assets to Boost Tax Compliance
India expands its tax reporting framework to include crypto, CBDCs, and digital assets from 2026, aiming for global…