Tag: Taxation
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Reeves: Those with Broadest Shoulders Must Pay Their Fair Share in UK Tax Plan
Britain’s Budget Cliffhanger: Reeves Signals Taxation Based on Capacity Chancellor Rachel Reeves has outlined a principle that could steer the UK’s upcoming budget: those with the broadest shoulders should pay their fair share of taxes. Speaking in Washington, DC, on the eve of the autumn budget, Reeves indicated the government will pursue a package of…
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WHO urges Europe to tighten alcohol rules to fight cancer
Overview: WHO calls for tougher alcohol regulations in Europe The World Health Organization’s cancer research arm has released a handbook arguing that stricter alcohol rules would reduce cancer rates in Europe. While the recommendation is clear about the health benefits, it also acknowledges the political difficulty of implementing such measures in a region with strong…
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Australia Reacts to Gaza Peace Deal as Government Signals Defence Reforms and Policy Scrutiny
Australia’s Real-Time Response to a Groundbreaking Gaza Peace Deal Australia’s national news cycle is abuzz as a breakthrough in the Israel-Gaza conflict prompts statements from federal leaders and close watching of global diplomacy. The US-brokered peace deal, credited in part to the leadership of former President Donald Trump, is already drawing mixed assessments across political…
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Prosecution Opened Against Valérie Dittli by Vaud Grand Council
What happened In a pivotal move for Vaud’s political landscape, the Bureau du Grand Conseil vaudois authorized the opening of a criminal prosecution against Valérie Dittli. This decision follows a request from the Procureur Général and concerns allegations of abuse of authority related to the annulment of tax assessments for wealthy taxpayers. The announcement notes…
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GST Reforms Continue: Insights from Prime Minister Modi
Introduction to GST Reforms GST, or Goods and Services Tax, has transformed India’s economic landscape since its implementation. Prime Minister Modi has emphasized the importance of continuing GST reforms to enhance the nation’s growth and self-reliance. As India navigates global challenges, these reforms play a vital role in ensuring economic stability. Historic Changes in Taxation…
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France’s Record Public Debt: An Economic Wake-Up Call
France’s Public Debt Reaches New Heights France has officially recorded a staggering public debt of 3400 billion euros, marking a significant moment in the nation’s economic narrative. This unprecedented level of debt further cements France’s reputation as the “troublesome student” of Europe, raising alarms about the country’s fiscal responsibility and economic future. The Implications of…
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PM Modi’s Address Highlights: Key Changes in GST and More
Introduction to PM Modi’s Address On September 21, 2025, Prime Minister Narendra Modi addressed the nation, raising anticipation and expectations among citizens. This marks the 10th address by PM Modi, and everyone was eager to learn if he would discuss significant changes to the Goods and Services Tax (GST), updates on H1B visas, or other…
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The Possibility of Bringing Petrol and Diesel Under GST
Understanding the Current Taxation on Petrol and Diesel In India, petrol and diesel are currently subjected to a variety of taxes, which include the state excise duty, central excise duty, and VAT. These taxes contribute significantly to the final retail price, which varies widely across states. The burden of these taxes often leads to fluctuations…
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Focus on Cryptocurrency Regulations in Pakistan: Senate Panel Insights
Introduction to the Senate Committee’s Meeting On Wednesday, the Senate Standing Committee on Finance convened to discuss critical issues surrounding cryptocurrency in Pakistan. A focus was placed on the proposed Virtual Assets Bill 2025, which aims to regulate the growing field of digital currencies. With the rise of cryptocurrencies worldwide, lawmakers are increasingly concerned about…
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Impact of GST Rate Reduction on India’s Economy
Introduction The recent reduction of Goods and Services Tax (GST) rates promises substantial advantages for the Indian economy, amounting to a potential boost of ₹1 lakh crore. With the GST reform focusing on slashing rates to just 5% and 18%, consumers will experience lower prices on essential goods. Details of the GST Revision Effective from…