The alternative minimum tax (AMT) is a separate tax system that makes sure people with high incomes still pay some tax, even if they have a lot of deductions. It removes some common deductions, like ...

It’s officially tax season, and entrepreneur, real estate investor and motivational speaker Grant Cardone has a bone to pick with the IRS. Learn More: Here’s How Much Your State Collects on Every Type ...

Iowa's property tax system would receive a "complete system reboot" under sprawling legislation Republican lawmakers introduced this week. Leaders of the House and Senate Ways and Means committees ...

US President Donald Trump proposes replacing income tax with tariffs on imports from countries like Mexico, Canada, and China. Whilst he aims to abolish the Internal Revenue Service and establish the ...

Vietnam’s tax administration has been restructured into a three-tier system with 20 regional tax offices and 350 district tax teams, streamlining operations and eliminating the General Departments.

A potential solution is a modernised value-added tax system that maintains a uniform rate across all goods and services while implementing real-time digital compensation for low-income households. By ...

1. Salary Definition Now Includes Agniveer Corpus Fund Contributions The Finance Act 2023 amended Section 17(1) of the Income Tax Act, expanding the definition of “salary". Now, the central government ...

They intend to reflect their ideas in the outline of the tax system reform after discussions at the ruling parties’ tax commission. The tax, introduced in January 2019, is added to ticket fees ...

He emphasised that the tourism tax system will be one-stop service to facilitate travellers. “The tourist fee may not be a large amount that would put tourists off, but if collection is ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Lea Uradu, J.D., is a Maryland state registered tax preparer, state-certified notary ...

“A Cyprus which is changing with a tax system which is more efficient, fairer, more adapted to modern needs.” He also extolled the virtues of the current state of Cyprus’ economy, saying it ...