The Latest Breaking News from Income Tax

On Sept. 7, Reclaim Idaho withdrew Proposition 1 from the November ballot after the state Legislature passed House Bill 1 (HB 1) during its special legislative session on Sept. 1.

Seven states have tax policies on the books that could require them to treat student loans canceled by the federal government as taxable income.

Adani Group unveiled plans last week to control a majority stake in NDTV

State governments flush with money are returning billions of dollars to their residents

Governor Mike Parson (R) announced a special session on August 22, 2022 which will focus on an income tax cut and agricultural tax incentives proposal. This special session is set to begin on September 6 and the annual veto session begins on September 14. This is the second special session…

Tax has again become an election issue, more than 12 months before voters go to the polls. Part of the current debate centres around tax brackets and whether the current cut-off points are fair.

Overhauling our low-rate broad-base tax system would go a long way to addressing our wealth gap. Let's not squander the opportunity the election affords for a debate, writes Susan St John.

The most applauded tax is one that is paid by someone else. It is thought to be fair and well-conceived. This is common knowledge.

The analysis was conducted on the basis of the parties' Income Tax Returns and donations statements filed with the Election Commission of India