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…
Albuquerque City Council Weighs Gross Receipts Tax Hike and Safer Community Places Ordinance
Albuquerque debates a Gross Receipts Tax hike and a protective ordinance for immigrants amid intensified federal enforcement and…
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…
Starbucks Founder Howard Schultz Moves to Miami as Washington Pushes Millionaire’s Tax
Former Starbucks CEO Howard Schultz moves to Miami as Washington passes a millionaire’s tax, sparking a heated debate…
Speaker Jon Burns Defends Homestead Property Tax Overhaul in HB 1116
The Georgia House passed HB 1116, capping annual property tax increases at 3% and sales tax growth at…
H&R Block Faces Class Action for Overcharging Military Members on Refund Advance Loans
H&R Block is sued for allegedly overcharging military members on tax refund advances and using illegal arbitration clauses…
National Tax Service Deploys AI to Hunt Crypto Tax Evasion Using Virtual Asset Analysis
South Korea's National Tax Service is launching an AI-powered system in 2025 to track crypto transactions and detect…
Centre Delays Fuel Export Ban, Cites Logistical Hurdles and Tax Challenges
India avoids banning fuel exports despite regional conflict, citing logistical hurdles, contracts, and tax complexities that prevent a…