Tax Updates

Budget 2020: Cost of living package, tax rebates among measures amid coronavirus outbreak, says Heng Swee Keat, Singapore News & Top Stories

SINGAPORE – Families will get help with daily expenses and firms can look forward to tax rebates in the Budget on Tuesday (Feb 18) as the nation deals with the economic fallout from the coronavirus outbreak. Finance Minister Heng Swee Keat said in a video message on Sunday (Feb 16) that the Government will do …

Budget 2020: Cost of living package, tax rebates among measures amid coronavirus outbreak, says Heng Swee Keat, Singapore News & Top Stories Read More »

N.J.’s biggest lottery jackpot wins: Where does the $202M Mega Million ticket rank?

While the $202 million jackpot-winning ticket sold in at an Edison convenience is a gigantic sum of money, it ranks just the 13th largest for jackpots won or split in New Jersey. The biggest – a $533 million Mega Millions jackpot won with a ticket bought at a Lukoil minimart in Riverdale nearly two years …

N.J.’s biggest lottery jackpot wins: Where does the $202M Mega Million ticket rank? Read More »

Transport commissioner joins action against tax violators, 10 vehicles seized

Indore: State transport commissioner V Madhu Kumar hit the roads in city on Saturday with regional transport officials to act against people plying vehicles without paying tax or having proper permit. He motivated the transport officers to achieve the revenue target of current financial year. The RTO officials seized 10 trucks and buses that were …

Transport commissioner joins action against tax violators, 10 vehicles seized Read More »

IRS Successfully Implemented Tax Law Changes but Needs to Improve Service for Taxpayers with Limited-English Proficiency

What GAO Found In advance of the 2019 filing season, the Internal Revenue Service (IRS) collaborated with the Department of the Treasury (Treasury) and the Office of Management and Budget (OMB) to implement significant tax law changes from Public Law 115-97—commonly known as the Tax Cuts and Jobs Act (TCJA). This included publishing guidance, creating …

IRS Successfully Implemented Tax Law Changes but Needs to Improve Service for Taxpayers with Limited-English Proficiency Read More »

Amazon, Flipkart seek rollback of new Indian tax on online sellers

NEW DELHI (Reuters) – Amazon and Walmart’s Flipkart are among online retailers demanding that India scale back a proposed tax on third-party sellers on their platforms, saying the burden of compliance will hurt the fledgling industry, according to documents seen by Reuters. FILE PHOTO – A shipment moves on a conveyor belt at an Amazon …

Amazon, Flipkart seek rollback of new Indian tax on online sellers Read More »

ANALYSIS: If tax hauls matter, downtown might deserve a ‘cabinet’ seat

City council’s most influential committee might be short-changing the downtown wards if tax revenue by district matters when it comes to representation. The makeup of the finance and economic development committee received attention this past week as council was presented with an opportunity to make a change. Downtown councillors pointed out that none of them …

ANALYSIS: If tax hauls matter, downtown might deserve a ‘cabinet’ seat Read More »

UPDATE 1-Amazon, Flipkart seek rollback of new Indian tax on online sellers

(Updates to add second lobby group demand) By Manoj Kumar and Sankalp Phartiyal NEW DELHI, Feb 14 (Reuters) – Amazon and Walmart’s Flipkart are among online retailers demanding that India scale back a proposed tax on third-party sellers on their platforms, saying the burden of compliance will hurt the fledgling industry, according to documents seen …

UPDATE 1-Amazon, Flipkart seek rollback of new Indian tax on online sellers Read More »