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Tax-News.com: Indonesia Increases Airport Tax

Indonesia is to hike its air departure tax for Soekarno-Hatta Airport, by far the country's busiest, from March 1.




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Tax-News.com: OECD Personal Tax Burden Crept Higher Still In 2017

Belgium, Denmark, and Germany have the highest personal income tax burdens, at over 35 percent, among OECD countries, according to the latest OECD Taxing Wages report, which says that just over half of countries made small increases to their average personal tax rates last year.




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Tax-News.com: South Africa To Increase VAT On April 1

On April 1, 2018, South Africa will raise its value-added tax rate to 15 percent from 14 percent.




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Tax-News.com: South Africa Increases VAT Rate To 15 Percent

On April 1, 2018, South Africa increased its value-added tax rate to 15 percent from 14 percent.




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RIL share gains over 4% as Vista Equity Partners to invest Rs 11,367 crore into Jio Platforms

Share price of Reliance Industries gained 4.43% to Rs 1,574 compared to the previous close of Rs 1,507 on BSE. Reliance Industries stock gained 9.11% in the last four days




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Tata Motors share price closes nearly 2% lower after firm cancels Rs 1,000-crore NCDs issue

Share price of Tata Motors slipped 2.36% intra day to Rs 84.85 compared to the previous close of Rs 82.50 on BSE




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Tax-News.com: Switzerland Sends 2019 Taxpayer Data Under CRS

Switzerland's Federal Tax Administration has announced the exchange of information on millions of financial accounts with 75 partner countries.




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ICICI Bank FY20 results: Profit jumps 135% to Rs 7,931 crore; asset quality improves

For the fourth quarter ended March 31, 2020, ICICI Bank reported a 26 per cent rise in net profit at Rs 1,221 crore compared to Rs 969 crore a year ago




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ICICI Bank to raise up to Rs 25,000 crore via debt securities

ICICI Bank's board also approved issuances of bonds/notes/offshore Certificate of Deposits in overseas markets up to $3 billion in single or multiple tranches for a period of one year




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FM Sitharaman says Rs 18,253 crore disbursed under PM-KISAN scheme during lockdown

The FM also said that about three crore farmers with agricultural loans totaling Rs 4,22,113 crore availed the benefit of the 3-month loan moratorium announced by the Reserve Bank of India (RBI) in March




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Rs 411 crore loan defaulters flee country, SBI complains to CBI after 4 years

The CBI had recently booked Ram Dev International and its directors Naresh Kumar, Suresh Kumar and Sangita, for defrauding Rs 414 crore




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Coronavirus outbreak: Credit flow to MSMEs needs to grow 20% from 2% to address growing unemployment

A cluster-based approach to lending is likely to be the best strategy for optimal results in the shortest possible time to accelerate credit flow to the MSME sector




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Coronavirus crisis: Why television industry is bleeding despite record consumption

While marketing and promotional activity is not an immediate priority for advertisers struggling to re-build their own businesses, revenues will remain subdued through the middle of 2021




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Coronavirus crisis: How will Indian auto industry change post COVID-19 lockdown

With most auto-stocks down by nearly 40-70% since February 2020, the post-COVID-19 scenario might see consumers move away from all forms of shared mobility to more personal forms of transport




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Tax-News.com: EC Scrutinizes Tax Breaks For Polish Shipyards

The European Commission has opened an in-depth investigation into a Polish tax scheme for shipyards, which it says could give shipbuilders an unfair competitive advantage over rivals.




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Super expensive BMW launched in India! Luxury car M8 coupe costs Rs 2.15 crore

Both cars come with eight-speed steptronic sport automatic transmission and a host of safety features like six airbags, attentiveness assistance, dynamic stability control, including dynamic traction control, anti-lock braking system and electric parking brake




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Coronavirus lockdown: JK Tyre to resume partial operations across country

The company has also resumed operations at its global research and development hub located in Mysore, Karnataka




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Tax-News.com: CRA Provides Update On Tax Avoidance Crackdown

Canada's Revenue Minister has provided an update on the progress made by the Government in addressing tax evasion and aggressive tax avoidance.




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Franklin Templeton Debt Fund crisis: When and how much money will investors get back

Franklin Templeton: The fund house has not given any clear indication about the possible timeline within which it will liquidate all its investments and return investors' money




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Will RBI's Rs 50,000 crore boost for mutual funds allay investors' fears?

Besides lending against securities held by MFs, banks have been allowed by the RBI to do outright purchase of more than 25 per cent of Hold Till Maturity (HTM) securities in mutual funds portfolios in the absence of liquidity in the secondary market




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Coronavirus lockdown: Cash crunch? Don't sell your mutual funds, take a loan against it!

When you approach a lender for loan against mutual fund, it fixes a loan-to-value (LTV) ratio against it. It varies from one lender to another as per risk involved in the MF scheme and regulatory caps fixed by the RBI




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Tax-News.com: Democrats Introduce US Anti-Offshoring Bills

Three Democratic members of the United States Senate have introduced two tax bills designed to discourage US companies from shifting their operations overseas and establishing arrangements in low-tax jurisdictions.




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Touch-screens That can Sense Hand Movements

Scientists at Microsoft Corporation's lab in the UK have developed a prototype interactive touch-screen that can see and recognize one's hand movements and anything near its surface.




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CRISPR/Cas9 Tool may Help Suppress Malarial Parasites in Mosquitoes

Using CRISPR/Cas9, a gene editing tool gene, the FREP1 gene can be inactivated to reduce mosquitoes vulnerability to Plasmodium parasite, a genus that causes malaria in humans.




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Common Toiletry Antimicrobial Compound Prevents Malarial Spread

Target genes in the malaria parasite can be inhibited by triclosan, an antimicrobial compound used in soap, toothpaste, deodorant and many other products, finds a new study.




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Recent Outbreak of Dengue across Bangladesh

The current outbreak of dengue is spreading fast to the outlying districts paralleling with the people traveling from Dhaka to the different districts on the eve of Eid.




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Dengue Outbreak Cases in UP; Principal Secretary Among Infected

Nearly 433 people have been confirmed to be affected by dengue since January including Navneet Sehgal, principal secretary, Khadi Gram Udyog. Sehgal




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Increase in Dengue Cases, UP

Lucknow, Nov 15 (IANS) Uttar Pradesh has been witnessing a rise in the number of dengue cases in this season. According to official records, 7,598 people




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COVID-19 Pandemic: Simple Ideas to Help Kids Deal with Stress during Coronavirus Crisis

Highlights: Staying indoors during COVID-19 lockdown can wreak havoc on your child's mental health Keeping




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COVID-19 Lockdown: Increase Family Time to Limit Your Child's Screen Time

Highlights: Most kids are being glued to mobile phones due to COVID-19 social distancing Staying indoors a




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Tax-News.com: EU Criticizes France's Inefficient VAT System

The European Commission has released a paper recommending improvements to France's "inefficient" value-added tax system, including that the country do away with broadly applying reduced VAT rates.




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Chronic Use of Corticosteroids Increases Adrenal Gland Inflammation

Synthetic corticosteroid drugs, when used for prolonged duration of time, increase adrenal gland inflammation in response to bacterial infection. Synthetic




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Tax-News.com: IRS Offers Settlement Scheme To Micro-Captives

On September 16, 2019, the United States Internal Revenue Service announced the mailing of a time-limited settlement offer for certain taxpayers under audit who participated in abusive micro-captive insurance transactions.




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Tax-News.com: New Zealand Proposing GST Exemption For Crypto-Assets

New Zealand's Inland Revenue Department has announced the launch of a consultation on potential reforms to improve the goods and services tax regime.




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Tax-News.com: Appleby Says Only Demonstrable Crime Is Of Data Theft

Appleby, the offshore law firm, has spoken out against recent media coverage, which implies but does not allege that there is wrongdoing in the papers recently exposed that include information on its clients' tax affairs.




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Tax-News.com: Malta Backs EU Crackdown On Aggressive Tax Planning

Malta has reiterated its commitment to fighting aggressive tax planning, joining other EU member states who have unanimously agreed to amend the EU's tax information sharing law, the Directive on Administrative Cooperation.




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Tax-News.com: Hong Kong Issues New Guidance On Foreign Tax Credits

Hong Kong's Inland Revenue Department has released new guidance notes on the deduction of foreign taxes.




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Tax-News.com: Hong Kong Announces Tax Credit Handout In 2020 Budget

Hong Kong's 2020 Budget includes plans for a one-off reduction of profits tax, salaries tax, and tax under personal assessment.




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Tax-News.com: Switzerland Sends 2019 Taxpayer Data Under CRS

Switzerland's Federal Tax Administration has announced the exchange of information on millions of financial accounts with 75 partner countries.




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Tax-News.com: Switzerland Announces COVID-19 Plan To Scrap Interest On Tax Arrears

The Swiss Government has announced that it will waive interest on late payments of tax, to allow companies to delay their tax payments.




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Tax-News.com: New Japan-Denmark DTA To Waive Cross-Border Tax

The Japanese and Danish governments announced on October 11 that they had signed a new agreement for the avoidance of double taxation in Tokyo.




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Healthy Lifestyle Increases Life Expectancy

Highlights: Leading a healthy lifestyle could prolong the lifespan of men and women It could also




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Disrupting Glutamine Metabolism Aids to Treat Chemotherapy Resistant Pancreatic Cancer

Highlights : A way to utilize existing chemotherapy in a more efficient manner in treating pancreat




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Slowly Increasing Exercise Intensity is Good for the Heart

Highlights: The American Heart Association has published a statement on exercise and heart health It re




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Gut Bacteria can Secrete Carcinogen: Study

Highlights: A common intestinal bacterium has been identified that secretes a carcinogen The carcinogen produ




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Tax-News.com: Switzerland Announces COVID-19 Plan To Scrap Interest On Tax Arrears

The Swiss Government has announced that it will waive interest on late payments of tax, to allow companies to delay their tax payments.




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Tax-News.com: Democrat Bill Targets GILTI High-Tax Exclusion

Democrats in the United States Senate have introduced a bill that would block proposals to introduce a "high-tax exemption" to the Global Intangible Low-Tax Income regime.




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Tax-News.com: IRS Launches COVID-19 Employee Retention Tax Credit

On March 31, 2020, the United States Treasury Department and the Internal Revenue Service launched the Employee Retention Credit scheme, designed to encourage businesses to keep employees on their payroll amid the COVID-19 crisis.




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Tax-News.com: J5 Reviews Work To Tackle Cross-Border Tax Crimes

On February 19, 2020, the United States Internal Revenue Service announced that the leaders of the Joint Chiefs of Global Tax Enforcement recently gathered in Sydney, Australia, to review their work and to set priorities for the years ahead.