MSMEs in Karnataka burdened by double taxation; The Minister of Industry assures the resolution Bangalore, 5 Feb. (KNN) Local Micro, Small and Medium Enterprises (MSMEs) with units in Nanjangud, Mysuru district of Karnataka face the burden of double property taxation and continue to lack proper service and poor civic facilitiesRead More →

Proceeds from high-premium unit-linked insurance schemes (ULIPs) have been made taxable to create a “level playing field” with mutual funds, official sources said on Monday. The Central Board of Direct Taxes (CBDT), which formulates policy for the Income Tax Department, had notified on January 18 the rules indicating the methodRead More →

Although the US economy is “dominated by service-oriented businesses”, most states currently only tax certain services, if any. That could change in 2022: legislation to tax services has been introduced in Indiana and Nebraska, and other states could follow suit. [From the Avalara blog.] Indiana sales tax would apply toRead More →

(The Center Square) — As more Americans move to lower-taxed Republican-led states, a new report from the Tax Foundation indicates that tax levels play a direct and indirect role as factors contributing to migration patterns. Taxes “often play an indirect role in contributing to an overall favorable economic environment. AndRead More →

By Phillippe Benoit and David R. Hill Recently, much attention has been focused on the inequalities in our tax system that allow some of the wealthiest in the United States to pay very little tax. Energy costs are another area that may raise similar concerns, as poor households sometimes payRead More →

Nirmala Sitharaman The Ministry of Finance has asked for suggestions on the taxation of industries and commercial organizations for the 2022-2023 budget, which will set the tone for the growth of the Indian economy affected by the COVID-19 pandemic. In a communication to professional and industry associations, the ministry invitedRead More →

Good tax policy and efficient administration have been a cornerstone of advocacy for the American Institute of CPA (AICPA) since its inception. In a letter sent to Congressional leaders by the Senate Finance Committee and the House Ways and Means Committee, AICPA expressed deep concern about recent proposals for theRead More →

Tennessee is known for its beautiful fall foliage with bright oranges, vibrant yellows and deep reds. Now there’s beauty to behold as the Tennessee Department of Tourism Development unveiled its 13th colorblind sight this week at Radnor Lake State Park and Natural Area in Nashville. Locally, the Department of TourismRead More →

Given the accounting differences for global insurance companies in different jurisdictions, a new global minimum tax on some multinational companies creates the potential for double taxation for some insurance companies, according to a comment from AM Best. The Organization for Economic Co-operation and Development (OECD) announced on October 8, 2021Read More →

Through Express news service PUDUCHERRY: Puducherry opposed any plans to initiate talks aimed at taxing diesel, gasoline and petroleum products under the Goods and Services Tax (GST). At the GST council meeting, Pondicherry, represented by Minister PWD, K Lakshminarayanan, said states derive considerable revenue from gasoline VAT and GST. IfRead More →

Confidence between government and industry has strengthened following the removal of the retrospective tax regime, Defense Minister Rajnath Singh said on Wednesday. In a virtual address to the Indo-American Economic Summit hosted by a leading industrial chamber, Singh listed a series of measures initiated by the NDA government to boostRead More →

New Delhi, September 8 (IANS): From cautiousness to optimism, India Inc’s business sentiment is approaching pre-pandemic levels, pointing to more robust performance in the next quarter, a Grant Thornton Bharat survey said on Wednesday. The government’s decision to make taxation transparent was seen as its most impactful initiative (40%), followedRead More →

Separate accounts will be maintained within the provident funds, including the employee provident fund (EPF), where interest is taxable above a threshold from the current financial year. The 2021-2022 budget announced an income tax on interest accrued on annual provident contributions exceeding Rs 2,50,000 for non-government employees and Rs 5,000,000Read More →

The Tennessee Department of Tourism Development kicked off the first annual Gatlinburg Songwriter Festival with the unveiling of a new “Tennessee Music Pathways” marker to honor the historic Gatlinburg Inn and Felice’s “Rocky Top” legacy and Boudleaux Bryant. Janelle Arthur, Hits & Grins, the All-Star Bluegrass Band with Jerry Salley,Read More →

Nashville, TN – Tennessee tourism generated $16.8 billion in domestic and international travel spending in 2020, down 31.6% from the previous year according to recently released economic impact data from the US Travel Association and Tourism Economics. Tennessee travel has generated nearly 150,000 jobs and $1.4 billion in state andRead More →

NH to challenge taxation of NH teleworkers in US Supreme Court Concord, NH (STL.News) Today, Governor Chris Sununu released the following statement after the Massachusetts Department of Revenue issued and approved a final rule that imposes Massachusetts income tax on residents of New Hampshire who work from home for businessesRead More →

NEW DELHI: RSS affiliate national co-organizer Swadeshi Jagaran Manch (SJM) Ashwini Mahajan and BJP leader Vijay Chauthaiwale had heated discussions on Friday over the government’s bill to withdraw retroactive taxation after the the first made strong remarks against the legislation. “So are you demanding a total ban on FDI? “AskedRead More →

Country united states of americaUS Virgin IslandsMinor Outlying Islands of the United StatesCanadaMexico, United Mexican StatesBahamas, Commonwealth ofCuba, Republic ofDominican RepublicHaiti, Republic ofJamaicaAfghanistanAlbania, People’s Socialist Republic ofAlgeria, People’s Democratic Republic ofAmerican SamoaAndorra, Principality ofAngola, Republic ofAnguillaAntarctica (the territory south of 60 degrees S)Antigua and BarbudaArgentina, Argentine RepublicArmeniaArubaAustralia, Commonwealth ofAustria, RepublicRead More →

The High Court of Kerala recently ruled that salaries paid to nuns and priests of religious congregations, working as teachers in educational institutions, are subject to withholding tax while dismissing a batch of nearly 50 court cases. A divisional bench of Judge SV Bhatti and Judge Bechu Kurian Thomas confirmedRead More →

Home ” General ” Business ” The government presents a bill to cancel the contentious retrospective taxation New Delhi, August 5 (SocialNews.XYZ) The government has initiated a new round of tax law amendments that will override retrospective tax amendment provisions introduced in 2012 that provided for taxing all gains onRead More →

Through Express news service VIJAYAWADA: The second board meeting of the Vijayawada Municipal Corporation (VMC) was the scene of stormy scenes over the proposed tax policy on Thursday. Visibly frustrated mayor Rayana Bhagyalakshmi sent a notice of suspension to TDP leaders and CPI (M) B leader Satya Babu. Condemning theRead More →

Over the past decade, many American cities have attempted to fill budget holes by increasing revenues through enforcing their city codes. Dick M. Carpenter II survey of three cities in Georgia that practice “citation tax”. He finds that the budget share of fines and fees was three times higher inRead More →

Through PTI NEW DELHI: The GST Council has decided to maintain the status quo on states taxing extra-neutral alcohol (ENA), which is used in the manufacture of alcohol for human consumption, a senior official said on Thursday . The Council, chaired by Union Finance Minister Nirmala Sitharaman and composed ofRead More →

Tennessee’s tourism industry isn’t just trying to attract more visitors this summer as it recovers from the coronavirus pandemic. State and industry groups are also advertising to bring more workers to fill the nearly 50,000 available jobs at local attractions, hotels, restaurants and other travel-related businesses amid one of theRead More →

Comparing the fuel price control mechanism that was in place during the PAU under Prime Minister Manmohan Singh with the current “chaotic” situation under Narendra Modi, Congress leader and former Minister Basavaraj Rayaraddi said the price spike of petroleum products was neither the result of crude oil price fluctuations inRead More →

NASHVILLE, Tenn, (WKRN) – Before the COVID-19 pandemic, Tennessee was generating billions in economic impact from tourism. Now the industry that has been hit hard is facing a resurgence with more and more people wanting to get out and travel. READ: Tennessee strives to return to record tourist numbers TourismRead More →

NASHVILLE, Tenn, (WKRN) – Prior to the COVID-19 pandemic, Tennessee generated billions in economic impact from tourism. Now the industry that has been hit hard is facing a resurgence with more and more people wanting to get out and travel. READ: Tennessee strives to return to record tourist numbers TourismRead More →

With an overwhelming two-party majority, the Kansas legislature recently passed a Comprehensive Property Tax Transparency Bill (SB 18) modeled specifically on Utah’s long-standing “Truth About Taxation” Act. , Paving the way for major tax relief for Kansas taxpayers in the future. Utah’s number 1 in nation status on property taxRead More →

The Tennessee Department of Tourism Development today unveiled its Official Guide to Tennessee Vacation 2021 with a mouth-watering cover showcasing the state’s diverse cuisine. Tennessee’s world-class hospitality and culinary creations have long drawn visitors and residents alike, and this year’s guide highlights the best chefs and their signature dishes inspiredRead More →

Manchester time and the South Central Tennessee Tourism Association announced a content partnership for a new regional tourism website, ExperienceTN.com. ExperienceTN.com is a regional tourism-focused website, inviting domestic tourists and guests from around the world to experience various trips, trails, and activities in the South Central Tennessee region. The SouthRead More →

For an industry devastated by the novel coronavirus pandemic, the Northeast Tennessee Tourism Association’s 23rd annual Pinnacle Awards were welcome news on a celebratory afternoon. “I think everyone was really excited to be able to be in a room together and honor some big projects and have some great news,Read More →

There is often confusion among taxpayers regarding Tennessee’s “truthful tax” and “certified tax rate” laws. Laws require appraisers to certify the “full assessed value” of taxable property, new construction and improvements not shown on the previous tax roll and removals from the tax roll in jurisdiction to the governing bodyRead More →

Nashville, Tennessee – Farmers, foresters, manufacturers, distributors and retailers ensure community access to safe and abundant food, fuel, fiber and wood products. Despite the COVID-19 coronavirus pandemic, farmers still raise livestock and plant and harvest crops. At this time, the Tennessee Department of Agriculture (TDA) sees no evidence of anRead More →

The 2020 Tennessee Vacation Guide has three distinct covers that showcase the scenic beauty across the state Nashville, Tennessee – The Tennessee Department of Tourism Development has released its official 2020 Tennessee vacation guide. For the first time, the guide features three distinct covers that showcase the state’s expanse ofRead More →

NASHVILLE, Tenn. (WKRN) – Start your 2020 by exploring some of the most important landmarks in country music. The Tennessee Department of Tourist Development has created a special “Country Music” passport to help visitors explore 22 Tennessee destinations featured in Ken Burn Country Music Documentary. The County Music Passport isRead More →

Businesses and government officials in West Tennessee are making concerted efforts to strengthen tourism in the region by capitalizing on assets such as Reelfoot Lake and Discovery Park of America to promote farm experiences and outdoor sports . The Discovery Park of America and the Obion County Chamber of CommerceRead More →

Tennessee Tourism Commissioner Susan Whitaker Tourism Director of the Year 2013 Achievements under [Susan Whitaker’s] leadership will have a lasting impact on Tennessee. Nashville, Tennessee (PRWEB) August 19, 2013 Commissioner Susan Whitaker, Tennessee Department of Tourism Development, was named the 2013 National Tourism Director of the Year by the USRead More →

teamTBB with state and local officials It makes sense that Ironman triathletes come to the land of the Iron Mountains to train for one of the most rigorous competitions in the sport. Mountain City, Tennessee (PRWEB) June 26, 2013 The world’s first international triathlon team, teamTBB, announced at a recentRead More →