ITAT Mumbai held that the waiver of differed sales tax liability is a benefit accrued to the assessee arising out of its business hence the sum waived is taxable under section 28(iv) of the Income Tax ...

The Senate and House are fighting over Trump’s ‘One Big Beautiful Bill’ and deficit costs, but chief financial officers tell ...

South Africa is well positioned to take advantage of a tide of goodwill generated by economic reforms, innovation-driven ...

Divisive party politics at the top of the Labour government stand to prevent the Bank of England from making further interest ...

Downing Street has confirmed it is in talks with Labour MPs about possible changes to the government's welfare policies.

Hundreds of thousands of pensioners are facing an unpleasant shock this tax year. A growing number of retirees are being ...

In that context, the year 2024, being an election year, was uniquely significant. The Government set for itself macro-economic targets focused on re-anchoring fiscal and debt sustainability. The ...

A Labour government facing a rebellion over welfare reform is something of a dog-bites-man story – Labour never finds this ...

Senedd members unanimously called for a fairer funding formula for Wales. Rhun ap Iorwerth led a debate calling for the ...

Norway’s economy has shown resilience amid global uncertainty, supported by strong fiscal buffers and credible policy frameworks. Mainland real GDP growth is forecast to increase to 1.5 percent in ...

Central banks sense that their once-bloated balance sheets are closing in on the fabled 'steady state', meaning they can ...

Cruelty is the only explanation for Gov. Greg Abbott’s line-item veto that wiped out $450 million in federal funds dedicated ...