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News
Government Can Change Tax Rates According to Economic Act 2083
3+ hour, 47+ min ago (234+ words) Kathmandu. Generally, the government cannot change laws passed by parliament by its own will. Therefore, there is a question of how the education equity fee and health equity fee, which have become law, can be abolished by the Prime Minister's…...
Legarda files tax reform bill for bigger take-home pay, fairer taxes
2+ hour, 7+ min ago (789+ words) MANILA, Philippines — Sen. Loren Legarda has filed a tax reform bill to make sure that ordinary workers will have a take-home pay that’s not whittled down by inflation and unfair taxes. The measure — Senate Bill No. 2255, or the proposed Keeping…...
Unexpected tax take boost for government
6+ hour, 36+ min ago (162+ words) Tuesday, 21 July 2026 06:13 Up £40.8 million against budget Central Government's summary management accounts for 2025/26 have produced an unexpected bonus for Treasury. A significantly higher than expected tax take means it’s up £40.8 million against the budget. This was driven largely by income tax…...
Govt launches consumer reward scheme to boost tax compliance nationwide
7+ hour, 29+ min ago (228+ words) The government has introduced a new incentive programme offering cash rewards to consumers who collect bills while purchasing goods and services, aiming to promote tax compliance and reduce revenue leakage. The Ministry of Finance has approved and enforced the Taxpayer…...
Parliament Monsoon Session 2026: What is Income Tax (Amendment) Bill 2026? Centre Likely to Push for New Economic Legislation on Day 2 of Monsoon Session
4+ hour, 41+ min ago (247+ words) Day 2 of the Indian Parliament’s monsoon session is currently underway. And many are expecting that the government will bring up the Income Tax (Amendment) Bill 2026. But how will this bill affect taxpayers? The central government will soon bring up the…...
Can the government impose taxes without a law? What Article 265 says
5+ hour, 42+ min ago (417+ words) Have you filed your income tax return for FY 2025-26? With the 31 July 2026 deadline approaching, taxpayers should ensure they understand not only their tax obligations but also the constitutional principles that govern taxation in India. One of the most important safeguards…...
Simplification Proposals Give Glimpse of Future EU Tax Policy
5+ hour, 55+ min ago (799+ words) In a push to reduce complexity and improve competitiveness, the European Commission released two landmark proposals June 24 — the Recast of the Directive on Administrative Cooperation, or DAC, and the Omnibus on Taxation — that aim to simplify and recalibrate the EU…...
Progressive tax, regressive logic
10+ hour, 55+ min ago (1156+ words) Malaysia taxes wages and spending heavily but barely touches fortunes at the top. The Ministry of Finance recently said ina statement that Malaysia has “no plans” to introduce a 2% wealth tax, because the country’s tax base is “small and limited…...
Liberty Thought of the Week: Myths & Unintended Consequences...
15+ hour, 22+ min ago (481+ words) On August 4, Missouri voters will be asked to vote for 8.5 billion in new sales taxes on goods and services in exchange for eliminating the state income tax. The proponents of Amendment 5 have been deceptive in their advertising. The first ballot…...
2026 property taxes due by July 27
21+ hour, 35+ min ago (202+ words) Lloydminster, AB/SK – The City of Lloydminster is reminding all property owners that property taxes are due on or before Monday, July 27, 2026. Penalties will apply to outstanding tax balances as of July 27, 2026, and late payment penalties will not be waived…...