Greens Propose Wealth Tax, Inheritance and Gift Tax, and Corporate Profits Levy
New Zealand's Green Party proposes a 2.5% wealth tax and 33% inheritance tax for 2026 to fund income…
King Charles to Reveal Royal Household Tax Details for First Time
King Charles will publish his personal tax bill in the royal household's annual report on June 26, 2026.…
Idaho GOP Delegates Propose Eliminating Both Income and Property Taxes
Idaho GOP delegates propose eliminating state income and property taxes in 2026; current tax laws remain in effect…
Nris Face New Gift Tax Rules Under Income-Tax Act, 2025: Section 92(2)(m) Explained
India's Income-tax Act 2025 replaces Section 56(2)(x) with 92(2)(m), taxing gifts over 50,000 rupees unless from exempt relatives…
2026 Gift Tax Exclusion for Noncitizen Spouse: Limit Is $194,000, Not Unlimited
The 2026 IRS gift tax exclusion for noncitizen spouses is $194,000. Transfers above this limit for non-U.S. citizens…
Labor Faces Senate Fight to Pass Watered-Down Tax Changes
Labor struggles to pass revised tax changes in Australia's Senate as startup founders warn of potential talent exodus…
AICPA Urges IRS to Tighten CP53E Guidance Under Executive Order 14247
The AICPA wants the IRS to clarify CP53E notices as electronic refunds replace paper checks. Millions of taxpayers…
PPF, Sukanya Samriddhi, and Sovereign Gold Bonds Stay Tax-Free Under New Regime
India's 2026 tax strategy shifts focus from deductions to exempt maturity proceeds for products like PPF, NPS, and…
Reinvest in House or Bonds: Section 54EC vs Long-Term Capital Gains Under Income-Tax Act
Learn how to use Sections 54, 54F, and 54EC to reduce Indian capital gains tax on property sales…
Australian Trust Income: Will Earnings Inside Family Trusts Be Taxed at 47%?
Avoid the 47% tax rate on Australian family trusts by making valid income distributions and trustee resolutions before…
Supreme Court Rules GST Applies to One-Time Lease Premium in Land Deals
India's Supreme Court confirms 18% GST on long-term lease premiums for commercial plots, while leasehold assignments remain a…
House Proposal Would Allow Tax Deferral for Staking and Mining, Exemption for Small Crypto Purchases
House lawmakers are proposing three crypto tax changes: a five-year deferral for some staking and mining income, a…
IRS Panel Urges Modernization Under One Big Beautiful Bill Act Amid Workforce Reductions
ETAAC’s 2026 report proposes 18 IRS modernization changes, including electronic W-2 delivery, better fraud controls, separate signatures on…
Australia Plans Startup Tax Carve-Out, Considers CGT Discount Change
Australia to raise small-business CGT threshold to $10 million and introduce startup tax carve-outs to support founders and…