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The Latest Breaking News from Income Tax

Black married couples pay a higher ‘marriage penalty’ on taxes than white couples, study finds

Married Black couples often pay more in federal income tax than White married couples. And the racial disparity in California may exceed the national average.

Tribune News Service

Tax Day: When Is the Last Day to File Your Taxes?

Tax Day falls on April 15 this year. However, some people have an extended tax deadline and extra time to file. Are you one of them?

Kiplinger

Think tank calls for personal income tax restructuring

The government needs to revamp the tax structure, especially the personal income tax, to bridge the income gap and ensure a fairer system, according to the National Economic and Social Development Council (NESDC).

Bangkok Post

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Don't miss these 3 tax credits when you file this year

Unlike a deduction, which decreases the income on which you’ll be taxed, a tax credit reduces your overall tax due

The Independent UK

This is the best way to save $750 per month, according to financial advisers

By creating a realistic budget, taking advantage of tax opportunities, and increasing your earning potential, you can make small tweaks in your financial habits add up fast.

Fortune

Buffalo Bills player Jordan Poywer is the latest to slam New York taxes and says he’d ‘love to go to a state that doesn’t take half my money’

State income taxes are becoming a factor in where free agents decide to play—and the wealthy decide to migrate.

Fortune

Filing a Deceased Person's Final Income Tax Return

Unfortunately, death doesn’t relieve one’s obligation to file a final federal income tax return.

Kiplinger

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Government suspends Centre for Policy Research’s FCRA licence

The central government has suspended the Foreign Contribution Regulation Act licence of the Centre for Policy Research, Economic Times reported today. CPR is a non-profit think tank which examines and researches government policies

Newslaundry

Bigger public sector pay rises unaffordable, chancellor says

Jeremy Hunt says he will not improve pay offer despite surprise budget surplus

The Guardian - UK

MSPs urged to back Budget putting 'limited resources where most needed'

THE Deputy First Minister has urged MSPs to approve tax and spending plans for the coming year which will see the “limited resources” of the…

The National (Scotland)

Swinney: Scottish budget uses ‘limited resources’ where they are needed most

The Deputy First Minister spoke out on the ‘progressive choices’ made in the Scottish Government’s budget for 2023-24.

The Independent UK

Alan Kohler: RBA defence of interest-rate mallet highlights the truth about inequality

The first thing is that inequality is worsened by the responses to both low inflation and high inflation; it’s a lose/lose.

The New Daily

TV Newsance 202: How news anchors justified Income Tax ‘survey’ on BBC

Is the BBC funded by China? Is the BBC losing its credibility in the UK?

Newslaundry

Indian journalists say BBC raid part of drive to intimidate media

Media staff targeted for criticising BJP government fear tax raid is escalation of coercion

The Guardian - UK

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Dynamite News

Income Tax Department: BBC did not pay tax on certain remittances

Its findings "indicate that tax has not been paid on certain remittances which have not been disclosed as income in India by the foreign entities of the group", the tax department claimed. Read further on Dynamite News:

Newslaundry

BBC survey: Tax dept claims ‘irregularities in payments’, points to ‘crucial evidence’

A day after it concluded its three-day survey on the BBC’s premises in Delhi and Mumbai, the income tax department on Friday claimed to have “unearthed crucial evidences” and “irregularities” in “certain tax payments”.

Dynamite News

"Propaganda Video, Shoddy Journalism, Should Never Have Been Telecast..." UK MP Blackman Slams BBC Documentary On PM Modi

Terming BBC documentary on Prime Minister Narendra Modi as "propaganda video" and a "disgraceful piece of shoddy journalism," British MP Bob Blackman has said that it should never have been released and that it didn't look at the "all-important fact" that India's Supreme Court investigated the claims against Narendra Modi…

Newslaundry

Tax survey ends on Day 3, BBC says will continue to report without fear

Income tax officials have ended their survey at the BBC offices in Delhi and Mumbai, according to the British broadcaster. The offices were searched over three days with the government suggesting that the move was linked to an alleged violation of transfer pricing rules and diversion of profits.

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Reuters

Indian tax officials end 'stressful' 3-day BBC inspection

Indian tax officials on Thursday left the BBC's offices in New Delhi and Mumbai, after a three-day inspection that involved the cloning of data from some digital devices, the tax department said.

Newslaundry

‘Tea breaks, keyword searches’: Inside the BBC ‘survey’ as it enters Day 3

The income tax “survey” at BBC’s Delhi and Mumbai offices entered the third day on Thursday. A team of two dozen tax officials are probing alleged transfer pricing violations and diversion of profits.

Daily Mirror

Warning nearly half a million Brits could be forced to pay more tax in retirement

Nearly 13million people will receive the uplift to the state pension in April this year which will help some of the most vulnerable with the rising cost of living, however, some may end up having to pay more tax

Dynamite News

"Destroying Freedom Of The Press..." Tamil Nadu CM Stalin Slams Centre After I-T Survey At BBC Offices

Tamil Nadu Chief Minister MK Stalin slammed the Income Tax department's 'survey' of the offices of the BBC alleging that the central government was destroying Indian Democracy and Freedom of the Press. Read further on Dynamite News:

Al Jazeera

India tax officials search BBC offices for a second straight day

Raids came weeks after government banned as propaganda a BBC documentary critical of Modi’s role in 2002 Gujarat riots.

Newslaundry

‘Why didn’t you open the door?’: Inside the tax survey on BBC offices

The knock on the door came at noon on Tuesday. Two dozen officials from the Income Tax department landed at the entrance of the BBC office – on the sixth floor of the 17-storey Hindustan Times House in central Delhi. The door was opened after the staff’s initial hesitation.

Fortune

More than half of states are considering personal income tax cuts this year

"States’ rainy day funds have never been better stocked."

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