Here Is How Goods and Services Tax (GST) Will Benefit Indian Economy

[SAPS] A 35-year-old taxi driver is facing attempted murder charges (read with DMA Regulation 14(3) and in a quarantine site in Cape Town after he was stopped in a vehicle checkpoint (VCP) on the R61 in Beaufort West yesterday ferrying about seven passengers. The driver, who had apparently tested positive for the virus after taking a test on 30 April 2020 on the N2 Tsitsikamma roadblock in the Eastern Cape, was duly informed two days ago by the testing authority of the outcome of the test. Yet, he allegedly proce

[Daily Maverick] The Eastern Cape Department of Health has confirmed that 80 of a group of 188 seasonal farmworkers who returned to the province from the Western Cape over the past two weeks have tested positive for coronavirus. The taxis were 'intercepted' on the province's back roads near Elliotdale. Some drivers were allegedly in possession of fake permits. The positive test results come as nearly 10,000 people returned home during the window period allowed for interprovincial travel.

‘Special corona fee’ levied to deter gatherings after police called in to break up crowds

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Officials in India’s capital have imposed a special tax of 70% on retail alcohol purchases to deter large gatherings at stores as authorities ease a six-week lockdown imposed to slow the spread of coronavirus.

Taxes on alcohol are a key contributor to the revenue of many of India’s 36 states and federal territories, most of which are running short of funds because of the lengthy disruption in economic activity caused by the virus.

We're happy to have guest blogger Thorsten Dworzak, Principal Consultant at Verilab GmbH, describe how he added Specman/e syntax to Sublime Text 3:

According to the 2018 StackOverflow Developer Survey, the popularity of development environments (IDEs, Text Editors) among software developers shows the following ranking:

1. Visual Studio Code 34.9%
2. Visual Studio 34.3%
3. Notepad++ 34.2%
4. Sublime Text 28.9%
5. Vim 25.8%
6. IntelliJ 24.9%
7. Android Studio 19.3%
8. (DVT) Eclipse 18.9%
9. …

15. Emacs 4.1%

Of these, only Vim, (DVT) Eclipse, and Emacs support editing in e-language (at least, last time I checked). Kate, which comes with KDE and also has a Specman mode, is not on this list.

I started using Sublime Text 3 some time ago. It offers packages that support a number of programming languages.

Though there is an e-language syntax available from Tsvi Mostovicz, it is unfinished work, and there are many syntactic constructs are missing. So, I created a fork of his project and finished it (it will eventually be merged back here).

It is a never-ending task because my code base for testing is limited and e is still undergoing development. The project is available through ST3's Package Control and you can contribute to it via Github.

I am eagerly waiting for your pull requests and/or comments and contributions!

On top of EU access, an impressive quality of life, talented labour and a thriving tourism sector, Madeira offers a white-listed preferential tax regime that is conducive to long-term, productive investments. Sebastian Shehadi reports.

Iowa economic development officials are tentatively endorsing a tax credit for battery storage to complement the state’s wind and solar generation.

Oil companies, automakers and consumer products manufacturers will unleash a campaign for a U.S. tax on carbon dioxide emissions even though it may lead to higher prices for their products.

Iowa economic development officials are tentatively endorsing a tax credit for battery storage to complement the state’s wind and solar generation.

An effort to put a tax on carbon dioxide emissions just won an unlikely underwriter: a top producer of oil and gas.

On Thursday, US Congressman from Pennsylvania Mike Doyle introduced a bill that would establish a federal investment tax credit (ITC) for energy storage. The legislation would allow energy storage project developers, both commercial and residential, to receive a 30 percent tax credit for large-scale, commercial-scale and residential-scale storage projects through 2021.

Oil companies, automakers and consumer products manufacturers will unleash a campaign for a U.S. tax on carbon dioxide emissions even though it may lead to higher prices for their products.

Iowa economic development officials are tentatively endorsing a tax credit for battery storage to complement the state’s wind and solar generation.

For many years, and particularly since the Energy Policy Act of 2005, U.S. federal income tax policy has served a dual function as both tax and renewable energy policy. However, last month House Ways and Means Chairman David Camp (R-MI) released an expansive tax reform proposal in which a number of credits and deductions for renewable energy technology were recommended for repeal, effectively rewriting renewable energy policy by a proposed elimination of renewable energy from the federal tax code.

The renewable energy industry has come a long way in relatively little time. The costs of renewable technologies continue to go down, while renewable capacities at many utilities continue to go up. Although, in many cases, renewable technology is mature and ready for utility-scale deployment, state and federal production and investment tax policies appear less evolved.

Oil companies, automakers and consumer products manufacturers will unleash a campaign for a U.S. tax on carbon dioxide emissions even though it may lead to higher prices for their products.

Iowa economic development officials are tentatively endorsing a tax credit for battery storage to complement the state’s wind and solar generation.

The European Union will review German discounts on environmental taxes amid concerns the aid to companies that consume high volumes of energy may be illegal, but newly re-elected Chancellor Angela Merkel warned the measures are needed to keep Europe's biggest economy competitive.

For those clamoring for (and against) the year-end-expiring legislation, and anyone in favor of some tax-code simplification, today the government has offered an early holiday present: proposed reform for some key areas including the production tax credit (PTC) and investment tax credit (ITC).

On 25 March, HMRC published a briefing on the tax treatment of payments of trail commission which is rebated to investors in collective investment schemes and other investment products such as life insurance policies. The briefing relates to any reb...

In our previous briefing we reported on HMRC’s recent briefing on the tax treatment of payments of trail commission rebated to...

The extent to which payments in lieu of notice (PILONs) may attract tax has for a long time been a complex issue and one which has not always received consistent treatment by HM Revenue and Customs. The issue is straightforward if the payment is ma...

New draft legislation may adversely impact on commercial arrangements which have been put in place by employers to reward and/or incentivise employees or which employers may wish to use in the future. The new legislation relates to 'Disguised Remune...

On 2 April 2019, the European Commission issued a press release regarding its State aid investigation into aspects of the UK controlled foreign company (CFC) rules. This press release explains that certain aspects of the CFC rules under investigatio...

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In its concern to block tax avoidance, HMRC is planning to make Stamp Duty Land Tax (SDLT) ever more complicated, as two recent consultations show. Residential properties held by companies The first consultation proposes the imposition of SDLT on ...

The VAT tribunal has decided that the sale of a 'future property rental business' qualified as a transfer of a going concern. If the sale of a property rental business satisfies the conditions that apply to sales of businesses as going concerns, th...

The 'option to tax', or 'election to waive exemption' is a facility that allows property owners to charge VAT on sales and lettings, rather than exempting them. This means that they can recover VAT they incur on construction and other costs. Various...

The Carbon Tax Act No. 15 of 2019 | Effective as of 1 June 2019 “Reducing the impacts of climate change through facilitating a viable and fair transition to a low-carbon economy is essential to ensure an environmentally sustainable economic gr...

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The Government introduced tax reliefs and extended deadlines The Government decided on the tax reliefs previously announced, postponing the deadlines in connection with the annual report to 30 September. The payment of health services contribution b...

A number of measures have been introduced in Ireland in recent weeks in light of the impact of the Covid-19 pandemic. Irish Revenue has also published a number of welcome guidelines and confirmations in an attempt to mitigate any detrimental effects...

In Brief: According to the 2020 budget draft law n°7500, published on 14 October 2019 (the “Bill”), the validity of advance tax agreements (“ATAs”) granted prior to 1 January 2015 should now be limited to five years. Sinc...

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With the delivery of the Medium Term Budget Policy Statement on 30 October 2019, updated and amended draft tax bills have been released highlighting the latest proposed amendments to the relevant tax acts.  The amended bills contain the le...

    With the deadline for individuals (who are not provisional taxpayers) fast approaching for submitting their tax returns, a question that is worth asking is whether full disclosure has been made in the relevant tax return. A taxpayer ha...

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  Summary On 1 November HMRC published its much anticipated guidance on the taxation of cryptoassets for businesses. The guidance sets out HMRC’s view on the taxation of transactions involving cryptoasset exchange tokens (such as Bitcoin)...

Italian Digital Service Tax        The Italian 2020 Budget Law (re-)introduced a unilateral Digital Services Tax (“DST”), effective as of January 1st, 2020, that is simi...

  What’s new? On 20 December 2019, HMRC published an updated version of its guidance on the taxation of cryptoassets for individuals. The guidance was updated to include a new section in respect of the location (situs) of exchange tokens ...

Introduction On 31 January 2020, the OECD issued a further update on its work on the taxation of the digital economy. The catchily titled “Statement by the OECD/G20 Inclusive Framework on BEPS on the Two-Pillar Approach to Address the Tax Chal...

In a difficult economic climate, Minister Tito Mboweni delivered a budget speech, which on the face of it appears to provide a number of positive outcomes, including the provision of personal income tax relief through an above inflation increase in ...

  German Finance Ministry Offers Protective Shield and Other Special Tax MeasuresMarch 13, 2020 The German Finance Ministry announced an unlimited protective shield for all companies in Germany. Pro...

The UK government announced at the March Budget that they intend to introduce a requirement for large businesses to notify HMRC where they adopt an “uncertain tax treatment”.  The proposal is designed to improve HMRC’s ability...

Corona tax deferrals in the light of the applicable law Since the publication of the guideline from the German Federal Ministry of Finance ("Bundesfinanzministerium", BMF) published 19 March 2020 (cf. our ...

The main support measures proposed by the government that affect the payment of taxes, fines and penalties On March 31, 2020, the State Duma and the Federation Council of the Russian Federation approved the Draft of Federal Law No. 862653-7, which i...

No support in the Corona crisis... The measures already initiated by the German Federal Government and the EU Commission to support and secure liquidity in the Corona crisis are focused on the industries directly affected by Corona/ COVID 19. They ...

Tax relief for volunteers and donations in the Corona crisis The Corona crisis poses enormous challenges for the whole society. In order to mitigate the spread of the pandemic, a wave of helpfulness and solidarity has been raised to assist the fello...

Where do I lay my hat? Tax residence and permanent establishments in the time of Covid-19 Read the article here > This article was first published in Taxation on 9 April 2020....