In a fair tax system, everyone pays their fair share, no one pays more than they can afford, and the government raises enough ...

Unilateral presidential changes to the federal budget are unconstitutional. Full stop.

While it is not expected that the Inflation Reduction Act will be completely revoked, the elimination of some clean energy initiatives are targeted as a way to balance the budget.

Germany will hold a snap national election on Feb. 23 following the collapse of Chancellor Olaf Scholz’s three-way coalition.

It all started in 1913 with the ratification of the 16th Amendment to the Constitution. In a moment of fiscal irresponsibility, the states approved a federal income tax without limits and without any ...

With the Republican party taking control of not just the White House but both chambers of Congress, the Tax Cuts and Jobs Act of 2017 (TCJA) may have gotten a reprieve. The sweeping tax legislation is ...

The taxing power in the federal government resides in the Congress. The Constitution states that Congress has the power to “lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts” of the ...

In the recent ruling Hon’ble HC have observed that penalty proceedings, initiated u/s 271 D is barred by delay & laches as period of limitation starts from the reference made by ITO to Addl. CIT.

United Nations member states began negotiating a first-ever treaty on international tax cooperation that could replace the ...

It missed a chance to level the field for citizens vis-a-vis big businesses—which have contributed little to India’s economic ...

Your taxable income is your income after various deductions, credits, and exemptions have been applied. There are also various tax credits, deductions and benefits available to you to reduce your ...

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