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The Latest Breaking News from Income Tax

State Pension increase next month could mean half a million more people in retirement pay tax

Older people on the Full New State Pension will receive £10,600 over the next financial year.

Daily Record

How to slash your income tax burden - before crucial deadline in just four weeks

Bestinvest personal finance analyst Alice Haine runs through everything you need to know about reducing your tax burden before the end of the current tax year

Daily Mirror

Michael Hiltzik: Wall Street Journal tells us to weep for the plight of the very, very rich

Coverage of the richest Americans in publications aimed at their tax bracket tend to fall into two genres.

Los Angeles Times

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Firms issuing tokens to get tax breaks

The cabinet on Tuesday agreed to waive corporate income tax and value-added tax for companies that issue digital tokens for investment, a government spokeswoman said.

Bangkok Post

No time for ‘freebies’: Calls for another tax break to be axed

Income tax cuts are back at the centre of debate as key independents say the public won’t tolerate another tax break for the very wealthy.

The New Daily

Fresh calls for tax reform

In the past several years, various economists have called for restructuring Thailand's tax system but met with little response from the government or society at large.

Bangkok Post

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

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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

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

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

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The Guardian - UK

Bigger public sector pay rises unaffordable, chancellor says

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

The National (Scotland)

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 Independent UK

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 New Daily

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.

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news in one place.

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Newslaundry

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?

The Guardian - UK

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

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.

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.

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