Tag: tax policy
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Industry Welcomes VAT at 6% and Calls for Clarity on Ongoing Processes
Industry Welcomes VAT at 6% as a Growth Engine The sector-wide response to the proposed VAT reduction to 6% has been broadly positive, with business leaders pointing to a potentially powerful boost for demand, investment, and job creation. In comments echoed by many associations, the measure is seen as a fundamental instrument to stimulate activity…
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Sector Applauds 6% VAT Rate and Urges Interpretative Guidelines for Ongoing Cases
The sector applauds the 6% VAT measure and calls for interpretative standards The industry sector has welcomed the move to set the value‑added tax (VAT) at 6% for targeted goods and services, describing it as a fundamental measure and an important market incentive. The announcement is viewed as a much‑needed boost to competitiveness, helping to…
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Electric Vehicles Tax Plan Sparks Protests in Switzerland
Context: Forta funds under pressure The Forta fund, which finances Switzerland’s national roads and urban traffic, is funded by the gasoline tax. As electric vehicles become more common and fuel revenues shrink, Forta’s reserves have begun to tighten. Officials report that for the first time the reserves fell from CHF 3.83 billion in 2023 to…
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Valérie Dittli Under Scrutiny in Paychère Report
Background: The Paychère report and Vaud’s finances The Paychère report, published in late August and authored by François Paychère, a former president of the Geneva Court of Audit, centers on the handling of the Vaud canton’s tax policy. It highlights that the Vaud “bouclier fiscal” shield was not applied in a manner fully compliant with…
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Govt Scraps Asset Valuation Requirement from Tax Returns
Introduction In a significant shift, the government of Pakistan has decided to eliminate the asset valuation column from the income tax return form for the year 2025. This decision, made under the directive of Prime Minister Shehbaz Sharif, comes on the heels of mounting criticism from various stakeholders, including tax practitioners and legal experts. Background…
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GST Reforms and India’s Economic Future
Understanding the Impact of GST Reforms on India In recent years, Goods and Services Tax (GST) reforms have been a focal point in India’s economic landscape, significantly altering how taxes are applied and managed. Prime Minister Modi emphasized the importance of evolving with global standards while ensuring that India remains a self-reliant nation. GST Before…
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FBR’s Ambitious Plan to Boost Tax-to-GDP Ratio to 18%
Introduction The Federal Board of Revenue (FBR) of Pakistan has recently unveiled a comprehensive transformation plan intended to significantly increase the country’s tax-to-GDP ratio from 10.24% to 18%. This ambitious initiative aims not only to enhance fiscal stability but also to bolster economic growth in the region. Understanding the Tax-to-GDP Ratio The tax-to-GDP ratio is…
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FBR’s Plan to Enhance Pakistan’s Tax-to-GDP Ratio
Introduction The Federal Board of Revenue (FBR) of Pakistan has initiated a transformative plan aimed at significantly increasing the country’s tax-to-GDP ratio from the current 10.24% to 18%. This ambitious target, presented in a briefing to prominent business leaders in Islamabad, seeks to bolster the nation’s economic stability and foster sustainable growth. The Current Tax…
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Reevaluating Labour’s Tax Promises: A Call for Change
The Importance of Tax Policy in Economic Growth Tax policy is a critical element in shaping a country’s economic landscape. As Labour looks to reboot its manifesto ahead of the next election, it is essential for Rachel Reeves to reconsider the party’s commitments on taxation. The government currently in power has emphasized stability and long-term…
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Reassessing Labour’s Tax Promises: A Call for Change
The Current Economic Landscape As the UK continues to navigate a complex and evolving economic environment, the effectiveness of political promises becomes increasingly critical. Rachel Reeves, as the shadow chancellor, is in a pivotal position to influence Labour’s approach to tax policy. Given the recent governmental shifts and challenges, it’s essential now more than ever…