Welfare Spending Tops Income Tax Receipts as Budget Watchdog Warns of ‘death Spiral’
Full Fact debunks the 'death spiral' claim, noting UK welfare spending has exceeded income tax since 2013, with…
35 Former Judges Urge Miami Federal Court to Probe Trump’s IRS Anti-Weaponization Fund Deal
35 former judges ask a Miami court to reopen Trump's IRS lawsuit, alleging the $1.8 billion settlement fund…
Top Treasury Official Jenny Wilkinson Warns Labor Against Capital Gains Tax Carveouts
Australia’s Treasury Secretary warns against CGT carve-outs, urging consistent tax treatment across all assets to prevent new economic…
India Tightens Foreign Tax Information Sharing from July 1, 2026, Targeting Cross-Border Assets
India will tighten its foreign tax information framework from July 1, 2026, enhancing data sharing and scrutiny of…
Hong Kong Extends Profits Tax Exemptions to Bitcoin for Family Offices and Funds
Hong Kong clarifies Bitcoin tax: individual investment gains remain untaxed, while new exemptions target family offices and funds…
Can’t Pay Taxes After April 15? Choose Between an IRS Payment Plan, Offer in Compromise, or Currently Not Collectible
Learn how to choose between IRS payment plans, Offers in Compromise, and CNC status to manage unpaid 2026…
GIFT City IFSC or Direct Global Investing Under Liberalised Remittance Scheme? What 4 Groups Must Check
A comparison of GIFT City vs. Direct Global Investing for Indian residents and NRIs, focusing on tax efficiency,…
Turkey Approves 20-Year Tax Break with 1% Inheritance Rate on Foreign Income
Turkey approves a 20-year tax break on foreign income and a 1% inheritance tax to attract wealthy new…
Senators Push IRS to Let Health Savings and Flexible Spending Accounts Buy Vitamins
Senators and new 2026 legislation aim to allow HSA/FSA funds to cover vitamins and dietary supplements, potentially lowering…
Competition Commission of India Closes Rapido Case, Cites Motor Vehicles Act
The CCI dismissed an antitrust case against Rapido, ruling that vehicle permit disputes fall under the Motor Vehicles…
Reserve Bank of India Data Shows Rise in Visa-Linked Overseas Transfers Under ₹2.5L LRS
RBI's LRS rules for 2026 impact student visas, EB-5 investments, and tax filings with new TCS rates and…
IRS Sends CP2000 Income Mismatch Notice After Automated Underreporter Flags Return
Understand the IRS CP2000 notice for income mismatches. Learn how to respond to proposed tax corrections and avoid…
Filed Form 1040 Instead of 1040-NR? Visa Holders and Students Need a Correction Checklist
Learn how to correct U.S. tax filing errors using Form 1040-X if you mistakenly filed as a resident…
Assessing Officer Flags Bogus Purchases, but Accepted Sales Can Limit Tax Additions
India's tax authorities target bogus purchases from untraceable suppliers; accepted sales records can limit tax additions to profit…