Supreme Court Denies Section 10(5) LTC Tax Exemption for Foreign Travel
India’s Supreme Court held that leave-travel payments for journeys with a foreign leg do not qualify for the…
Business Owners Warn Against Capital Gains Tax Hike in Budget
An S&W survey suggests higher capital gains tax could affect UK business decisions: half of 500 owners might…
Iowa Employers See Lowest Possible UI Tax Rates Under Tax Table D as Trust Fund Hits 5th Year
Governor Kim Reynolds announced September 2, 2026, that Iowa employers will use Tax Table D for 2027, extending…
Rep. Laura Friedman Bill Offers 20% Federal Film and Television Tax Credit
A bipartisan bill introduced by Rep. Laura Friedman would create a 20% federal tax credit for qualifying U.S.…
Lahore High Court Curbs Federal Tax Ombudsman in Cigarette-Seizure Dispute
The Lahore High Court set aside two orders concerning 641 seized cigarette cartons in Multan. It ruled that…
Japan Unifies Beer Tax Rates, Ending Third-Category Beer on October 1, 2026
Starting October 1, 2026, Japan will tax beer, happoshu and third-category beer at the same rate: ¥54.25 per…
Japan’s Liberal Democratic Party Weighs Higher Tax on Short-Term Capital Gains from Condominium Sales
Japan’s Liberal Democratic Party has urged the government to increase taxes on short-term gains from condominium resales, aiming…
Brihanmumbai Municipal Corporation Proposes Up to 570% Hike in Mumbai Entertainment Tax
Mumbai’s municipal corporation proposes higher entertainment levies for cinemas and other venues in 2027 to 2028. The...
CBDT Amends Form 141 to Add Schedule E for TDS Reporting on Non-Resident Property Deals
The Central Board of Direct Taxes has created a PAN-based route for resident individuals and Hindu undivided families…
Bombay High Court Rules Against Adani-Operated Airport Duty-Free Shops on Nicotine Pouches
The Bombay High Court ruled that goods in Adani-operated airport duty-free shops remain subject to Indian regulation because…
Justice Department Backs Fifth Circuit Appeal Over Johnson Amendment
The Justice Department is asking the Fifth Circuit to restore an agreement protecting certain church communications from IRS…
Italy’s Giorgetti Makes Income Tax Cuts Priority in New Budget, Shaping IRPEF Income-Tax Bracket and Public-Finance Framework
Italy’s next budget is expected to prioritize middle-class tax relief, Economy Minister Giancarlo Giorgetti told lawmakers. A proposal…
Congress Slams H-1B Fee Extension as Humiliation for India, Says Pawan Khera
Congress leader Pawan Khera condemned the U.S. extension of its USD 100,000 H-1B payment rule, saying it hurts…
IRS Adds Citizenship Question to Draft 2026 Form 1040 for First Time
A draft 2,026 Form 1040 includes a proposed citizenship and work-authorization question, but it is not final. The…