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The Latest Breaking News from Income Tax

Quoting PAN or Aadhaar must for deposit/withdrawal of ₹20 lakh, current A/C opening

Currently, PAN and Aadhaar are interchangeable for income tax purpose.

The Hindu

With falling real incomes and rising prices many people don’t believe the story of prosperity Scott Morrison is preaching

Australians facing rising interest rates and rising average tax rates have little to celebrate

The Guardian - AU

India Not Done: Another 28% Tax On Bitcoin, Ethereum, Dogecoin Could Be Coming

After levying a 30% income tax on profits earned from cryptocurrency trading – the Indian government is now reportedly mulling imposing a 28% Goods and Service Tax (GST) on digital assets.

Benzinga

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Gov. Polis Wants You…To Be in Charge of Your Own Life

The libertarianish Colorado Democrat is devolving decision-making to parents and trying to lower the income tax to zero.

Reason

Ballot initiative proponents turn in 1.5 million signatures for income tax to fund a new pandemic prevention institute in California

The proponents behind Californians Against Pandemics submitted 1.5 million signatures for a ballot initiative that would increase the income tax by 0.75% for individuals with income over $5 million for 10 years and dedicate 50% of funds to the California Institute for Pandemic Prevention, 25% to the Community Pandemic Response…

Ballotpedia

Let's not make the tax system even more complicated

Keeping taxes low and easy to comply with should be the primary focus, writes Peter Dunne

Newsroom.co.nz

Campaign to place an income tax for education funding on Idaho ballot submits signatures

On May 2, Reclaim Idaho, the campaign behind an initiative to increase the income tax rate for individuals with incomes above $250,000 and increase the corporate income tax rate, submitted over 95,269 signatures for verification. The required number of signatures is 64,945, which is equal to 6% of the registered…

Ballotpedia

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All you need to know about new criteria for Income Tax return filing

New rules are not confined to gross total income alone

The Hindu

2022 best cities for freelancers

Using recent metro-area data from the U.S. Census Bureau and state-level data from the Federation of State Tax Administrators, NerdWallet’s list of the 10 best cities for freelancers includes places where housing and income taxes tended to be relatively more affordable, freelancer culture was vibrant and there were signs of…

The Independent UK

What to do if there's a mistake on your business taxes

For small-business owners, preparing an income tax return is far from simple, which can increase the chances of making a mistake

The Independent UK

750,000 in London and the South East dragged into higher tax rates for years

It also highlighted that 280,000 more people in London would be pulled into paying the 20p basic rate of income tax

Evening Standard

Arizona Supreme Court rules against veto referendum to challenge state income law

Voters in Arizona will not vote on a veto referendum to repeal a new income tax law this November.

Ballotpedia

Cabinet okays Covid-related tax cuts

The cabinet on Tuesday approved extending tax measures for individuals and companies that donate to the government; import medicines, medical supplies and medical equipment for public charity; and buy antigen test kits (ATK) for their employees.

Bangkok Post

These companies paid little to no federal taxes last year

"These are huge profitable corporations, and they hardly pay any taxes."

Axios

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Reason

Jared Polis: The Most Libertarian Governor in America?

The Colorado Democrat supports abortion rights, school choice, letting kids play unsupervised, an end to COVID-19 overreach, and an income tax rate of "zero."

The Independent UK

Arizona Supreme Court reinstates massive income tax cuts

The Arizona Supreme Court says the state’s voters do not have the right to reject a massive income tax cut approved by the Republican-controlled legislature last year

Kiplinger

New Jersey Tax Guide

Explore New Jersey's state tax rates for income, sales, property, retirement, and more. Learn how New Jersey compares nationwide.

Kiplinger

Montana State Tax Guide

Explore Montana's state tax rates for income, sales, property, retirement and more. Learn how Montana compares nationwide.

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Kiplinger

Missouri Tax Guide

Explore Missouri's state tax rates for income, sales, property, retirement, and more. Learn how Missouri compares nationwide.

Kiplinger

Oklahoma Tax Guide 2025

Explore Oklahoma's 2025 state tax rates for income, sales, property, retirement, and more. Learn how Oklahoma compares nationwide.

Kiplinger

Minnesota Tax Guide

Explore Minnesota's state tax rates for income, sales, property, retirement, and more. Learn how Minnesota compares nationwide.

Kiplinger

Michigan Tax Guide

Explore Michigan's state tax rates for income, sales, property, retirement, and more. Learn how Michigan compares nationwide.

Kiplinger

Maryland Tax Guide 2025

Explore Maryland's 2025 state tax rates for income, sales, property, retirement, and more. Learn how Maryland compares nationwide.

Kiplinger

Louisiana Tax Guide

Explore Louisiana's state tax rates for income, sales, property, retirement, and more. Learn how Louisiana compares nationwide.

Kiplinger

Kentucky Tax Guide

State tax rates and rules for income, sales, property, gas, cigarette, and other taxes that impact Kentucky residents.

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