Dozens of states have a general sales tax. In Illinois, the tax covers consumer goods, but not services. That's a mistake, ...

In a fair tax system, everyone pays their fair share, no one pays more than they can afford, and the government raises enough ...

A legal fight is worth fighting if the remains of the war are buried forever. However, the fight is not worth it if the ghosts of the war come back to haunt. Similar is the story of challenges ...

Lawmakers will consider a bill to increase the state excise tax and wipe out the state income tax for most residents.

In recent months, tariffs have become a significant concern for businesses importing goods, particularly in relation to trade ...

Indirect taxes are charged on goods and services, not on income or profits. These taxes are collected by businesses, such as ...

The Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman presented the Union Budget 2024-25 in Parliament, today i.e. February 02, 2025. Majorly the changes were earlier ...

While ongoing tax reforms are commendable, the government must address additional challenges to achieve its projected revenue ...

The GST Council, led by Finance Minister Nirmala Sitharaman, plans to simplify and lower tax rates as the review nears ...

Americans pay less in taxes than citizens in many other developed countries. But there are tradeoffs for those savings.

Paytm parent One97 Communications has received a goods and service tax (GST) demand notice of INR 3.73 Cr from ...

Yes, this change will likely affect online shopping sites like Shein and Temu, which are popular among young U.S. shoppers for their cheap products. These are companies that ship directly from China ...