Responding to the state’s request to extend the GST compensation period, Sitharaman said the GST Board is a federal body and should not be politicized as “it amounts to an insult to the Board “. “There have been criticisms that Tamil Nadu is financially cornered. There is no truth inRead More →
Gasoline and diesel prices vary from state to state and even city to city. Indeed, various taxes are imposed on fuel, both at central and state level. The COVID-19 review meeting with chief ministers on Wednesday turned into a fight between the Center and the states, when Prime Minister NarendraRead More →
One’s capacity to engage in the current financial system is crucial to one’s success in life. The fundamental pillars of our economic life are our bank and credit union accounts. Paychecks are usually deposited into bank or credit union accounts. We also write checks or use bill pay from suchRead More →
Investing and spending in cryptocurrencies was once again a hot topic in 2021 as stocks like bitcoin, dogecoin, ether and others set record valuations and their commercial use became more widely accepted – think that Tesla accepts bitcoin and dogecoin as payment methods for its electric vehicles. , and manyRead More →
The IRS has not issued any clear guidelines on the taxation of staking rewards. In 2014, the IRS issued Notice 2014-21, which provides that cryptocurrency is treated as property for federal tax purposes, but Notice 2014-21 and Tax Ruling 2019-24 and the frequently asked questions do not provide any furtherRead More →
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 →
Yes, you can get a loan with bad credit, but it is more difficult to get a good deal. You have fewer options available and loans are usually more expensive. But it is rarely impossible to borrow, even with a “less than perfect” credit history. Low credit ratings makeRead 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 →
On Jan. 13, U.S. Senator Roger Wicker (R-MS) introduced a bipartisan bill that would expand opportunities and affordability for future U.S. nurses by removing the tax on Nurse Corps student loan repayments. “Nurses have been on the front lines of the coronavirus pandemic for over two years now,” said SenatorRead More →
NASHVILLE, Tenn. (WTVF) – At the same time that some lawmakers are considering the legalization of medical cannabis, a bill has also been introduced to tax cannabis products. Republican State Representative. Chris Hurt has introduced a bill to tax everything made from cannabis in Tennessee. This includes Delta-8 THC, whichRead 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 →
The Tamil Nadu government on Friday called the current division of direct and indirect taxation powers unfair in the contest to limit the direct powers of states and said this was exacerbated after the implementation of the goods and services tax (GST), while even most of the powers of indirectRead More →
UK-based Americans face cash flow issues and possible double taxation due to expatriate tax change proposed by the Biden administration Tax experts have warned that the plan could eliminate the possibility of offsetting tax paid in the UK with US bonds on the same income. The measures being considered byRead 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 →
The US Congress is turning its attention to something called the Build it Back Better (BBB) bill. Now is a good time to think critically about the political economy of our national debt. It’s good to start with a few facts and recognize what we know and what we don’tRead More →
After Elon Musk asked his Twitter followers to vote on whether he should sell 10% of his Tesla shares, the architect of the billionaire tax proposal behind the decision dismissed the tweet as a waterfall. “Whether or not the richest man in the world pays taxes shouldn’t depend on theRead 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 →
Halloween shoppers have many delicious decisions to make before candy treats show up on their doorstep. And in many states, those choices will change the amount of taxes they pay. This example illustrates how state sales taxes can affect taxpayers, retailers, and buyers of Halloween candy in unexpected ways. TheRead 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 →
Did you know that in 1934, Iowa implemented the first sales and income taxes to reduce property taxes? It is never a good policy to create new taxes or raise existing taxes to reduce another tax and today the people of Iowa suffer from property taxes and taxes on salesRead More →
Halloween shoppers have many delicious decisions to make before candy treats show up on their doorstep. And in many states, those choices will change the amount of taxes they pay. In Illinois, for example, residents pay a higher state sales tax rate on peanut butter cups, gummy worms, and Hershey’sRead 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 →
The Supreme Court observed that it is the government’s responsibility to strive to maintain a practical and simple tax system. can budget and plan, the bench of Judges Sanjay Kishan Kaul and Hrishikesh Roy observed. The court said that … The Supreme Court observed that it is the government’s responsibilityRead More →
The interest rate to be provided by the Employee Provident Fund Organization (EPFO) for fiscal year 2020-2021 is still awaiting approval from the finance ministry, a senior labor ministry official said. “The proposal had been sent to the Ministry of Finance for approval. It has not yet been ratified byRead 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 →
As colorful lights and thrilling rides from the Maury County Fair and Exhibition lit the Columbia night sky this past weekend, the fair continued to shine a light on southern Tennessee’s agrarian roots. Breeding shows, quilting shows, and farm product contests remain central to the County Fair’s 73-year history. FollowingRead More →
Kohima: Even as Kohima traders fight to recoup losses suffered due to lockdowns induced by the COVID-19 pandemic, it appears that Kohima Smart City’s recent decision to declare a “no-parking zone” along the road. main urban area of the city, coupled with “increased taxation” by Nagas political groups (NPG) cripplesRead 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 →
To achieve India’s energy security and climate change goals, the country needs to broaden its horizon to take a more holistic and systemic approach to the impact of products on CO2 emissions, Vikram said. Kirloskar, vice president of Toyota Kirloskar Motor (TKM). . Addressing the 61st annual SIAM convention onRead More →
Finance Minister Nirmala Sitharaman said on Monday that the rules for the recent tax amendment bill would soon be worked out. “We will have to wait until the rules are set under the recent tax reform bill,” she said when interacting with reporters here. The Tax Laws (Amendment) Bill 2021Read More →
Following the return of the Tax Laws Bill (2021 Amendment) by Rajya Sabha, all tax inquiries to companies using 2012 Indirect Transfer of Indian Assets legislation before May 28, 2012 will be withdrawn. A bill to end all retrospective taxes imposed on the indirect transfer of Indian assets was dismissedRead More →
The Rajya Sabha on Monday returned to Lok Sabha the 2021 Tax Laws (Amendment) Bill in the Lok Sabha, which seeks to reverse the effect of the 2012 Finance Bill amendment to impose tax liability on the tax on gains resulting from the indirect transfer of Indian assets with retroactiveRead More →
Parliament on Monday approved three bills aimed at abolishing several appeals courts, ending the retrospective tax on indirect transfers of Indian assets and creating a new central university in Ladakh. All three bills were approved by the Rajya Sabha, having been passed by the Lok Sabha earlier in the currentRead 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 →
Tourism in Tennessee generated $ 16.8 billion in domestic and international travel spending in 2020, down 31.6% from the previous year, according to new data on the economic impact of the US Travel Association and Tourism Economics. Travel to Tennessee has generated nearly 150,000 jobs and $ 1.4 billion inRead 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 →
(The Center Square) – Tourism spending in Tennessee fell in 2020 for the first time in 10 years, according to data from the US Travel Association and Tourism Economics. Tourism spending in Tennessee fell 31.6%, less than the 42% drop nationwide. Within that drop, there was a 78.7% drop inRead 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 →
The U.S. Internal Revenue Service (IRS) is expanding tax rules to accommodate its cryptocurrency program. At no time in fiscal history has pure creation been a taxable event. Still, the IRS seeks to tax new tokens as income when they’re created. This is a violation of traditional tax principles andRead More →
(The Center Square) – On the day Brad Paisley performed in front of a huge crowd in downtown Nashville to celebrate July 4th, he also joined Tennessee Gov. Bill Lee in launching a new tourism campaign, “Tennessee on me. “ The promotion, which the Tennessee Department of Tourism Development saidRead 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 →
CANBERRA, Australia — The tax office is cracking down on dodgy company directors with a new identification system that will stick with them for life. Tax Commissioner Chris Jordan will oversee the new regime as part of a national business registration system. The program aims to make it easier forRead More →
Major advanced economies in the Group of Seven are close to a deal on corporate taxation of multinationals, paving the way for a global deal later in the year to create new rules for imposing levies on the largest companies around the world. A G7 pact could be sealed asRead 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 →
This week kicks off National Travel and Tourism Week (NTTW), an annual celebration of the contributions of the US travel industry. As Tennessee’s # 2 industry, the Tennessee Department of Tourism Development and partners across the state will come together to recognize the “power of travel” and the industry’s vitalRead More →
This week marks the start of National Travel and Tourism The week (NTTT), a annual celebration of the contributions of United States travel industry. As Tennessee’s second largest industry, the Tennessee Department of Tourism Development and its partners across the state will be unite with recognize the “power of travel”Read More →
CHARLESTON, WV (WOWK) – Tax season has been busy on the AARP tax preparation site in South Charleston. AARP District Tax Assistance Coordinator Steve Wellons said they’ve done more than 1,000 tax preparations. Due to COVID-19, they asked people to file their forms while the tax preparers worked there fromRead 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 →
NASHVILLE, Oct 12, 2020 (GLOBE NEWSWIRE) – The Tennessee Department of Tourism Development is entering its busiest travel season with a new campaign to protect the health of visitors and residents. The “For the Love of Tennessee, Travel Safe” initiative reminds residents to play – but play safe – exploringRead More →
NASHVILLE, TN (WSMV) – The Tennessee tourism industry wants visitors to know they are trying to protect you during its busy season. The Tennessee Department of Tourism Development launched the “For the Love of Tennessee, Travel Safe” campaign on Monday. The goal of the campaign is to follow key safetyRead More →
Rutherford County now ranks in the top 10 Tennessee counties for travel spending for 2019, according to figures recently released by the US Travel Association. Figures from the Tennessee Department of Tourist Development and the US Travel Association showed total tourism spending rose from $ 367.6 million to $ 385.2Read 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 →
Editor’s Note: This article was provided by the Tennessee Department of Economic and Community Development who approved and paid for this publication. The new coronavirus has disrupted daily life and closed large sectors of the economy. But that hasn’t stopped innovators, businesses, employees, and researchers in Tennessee. Whether in scienceRead 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 →
When Brianna Rodriguez entered her first high school drawing class, she saw a room filled with “only guys.” It intimidated him. She had always been “infatuated with doing things.” She bought tons of Lego sets when she was a girl and built houses with them. Everyone had to be perfect,Read 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 →
GATLINBURG, Tennessee (WMOT / TNS) – The Tennessee tourism industry is happy that the Great Smoky Mountains National Park remains at least partially open during the government shutdown, but some are questioning that decision. The park is one of Tennessee’s most important economic engines. Federal data shows that the SmokiesRead More →
NASHVILLE, Tennessee (AP) – State officials say a record $ 20.8 billion was spent on tourism in Tennessee last year, a 6.3% increase from to 2016. Gov. Bill Haslam revealed on Tuesday that Tennessee generated $ 1.8 billion in state and local tourism tax revenue, a 7.6% increase from 2016.Read More →
Home-sharing company Airbnb on Wednesday announced an agreement with the Tennessee Department of Revenue that will allow the platform to collect state and local taxes on behalf of rental owners. The announcement comes as the Nashville subway council nears a vote next week on several competing resolutions that would limitRead More →
As the state will become exempt from personal income tax by 2022, other taxes need to be reviewed or updated. Tennessee residents voted overwhelmingly in 2014 to ban the state government from again levying a citizen income tax. By a margin of 2 to 1 – 882,926 yes to 450,522Read 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 →