The transition to electric vehicles will be a marathon, not a sprint, says the CEO of Mercedes-Benz.

According to the chief executive officer of Mercedes-Benz in Germany, making the transition to zero-emission mobility should be considered as a marathon, not a sprint.

In an interview with "Squawk Box Europe," Ola Kallenius attempted to draw attention to the significant obstac...

Democrats Consider Their Options Following the Supreme Court's Decision on Trump Taxes

Democrats in Congress faced the onerous chore of analyzing six years of former President Donald Trump's tax returns on Wednesday, as Republicans prepared to reclaim control of the House of Representatives in less than six weeks.

Members of the Democratic-led House Ways and Means Com...

Singapore’s Solution for its Economic Recovery: A Raise in Taxes

The government of Singapore government has decided to raise taxes, which include property taxes along with income taxes for some salary tiers, as it is the aim of the country to generate enough revenue so that it meet the ever-increasing demands like health care and other necessary services.

Countries Around the World Begin Taxing Unvaccinated Individuals

Governments around the world have been taking several measures to urge their citizens to get vaccinated for the Covid-19. Initially, governments promoted vaccines with softer campaigns but now some have even started imposing taxes on those who refuse the jabs.

On Tuesday, Quebec announc...

US TREASURY SECRETARY JANET YELLEN SPEAKS ON DIGITAL TAXES IMPOSED BY OTHER NATIONS

Highlights

• Yellen said she was engaged in very constructive bilateral conversations with the Irish finance minister on the issue

• According to Yellen, she hopes for progress on the tax issue, which is being negotiated under the leadership of the Organization for C...

CAPITAL GAINS FROM CRYPTOCURRENCIES WILL NOW BE TAXABLE IN S. KOREA

Highlights –

• Capital gains from cryptocurrencies will now be taxable in S. Korea.
• The government plans to impose a 20 percent tax on capital gains of virtual assets from 2022.
• Stock and bonds investors will have to pay taxes on capita...

FEDERAL JUDGE RULES IN FAVOR OF IRS; IT CAN NOW DEMAND CUSTOMER INFO. OF CIRCLE

Highlights:

•       Customers with transactions of $20,000 and more are liable to pay taxes

•       The federal judge's authority to IRS to demand customer information from Circle does not mean that...

I PAID MANY MILLIONS OF DOLLARS IN TAXES UNDER-LEVERAGED SAYS US PRESIDENT TRUMP

Highlights

• According to a New York Times report, the US President paid only $750 in federal income taxes in both 2016 and 2017, after reporting heavy losses for years from business enterprise

• The US President made a tweet where we wrote that he paid many millions...

TRUMP SIGNS EXECUTIVE ORDER AND ISSUES STIMULUS PACKAGE AS CONGRESS FAILS TO REACH A CONSENSUS

Highlight:

•        The House and Senates are unable to reach an agreement even after 2 weeks

•        Trump had already stated that unless a decision is reached he shall take one himself

Canadians do not have to pay additional cost for healthcare insurance other than taxes?

His whole day is almost spent in navigating miserable traffic of Toronto, looking for whatever is required for his work. He is a freelancer, as well as, production designer for commercials and films. His work calls for physical labor where having an injury is a daily possibility.

Like a...

Bahrain has been ranked as the country where it’s most easy to pay tax, according to Global PwC study

It is not easy to pay taxes, however, being made to go through numerous reams of paperwork and red tape. Those firms who seek relief from too much tax payment burdens could now consider moving to Bahrain, as suggested by the World Bank, as well as, worldwide professional services company PwC as t...

Some rules for forex trading

As the forex trading gains more popularity and more people are trading in it there are some rules that people should follow to ensure the proper trading standards are maintained and the trading does not cause their own loss due to their lack of education as literally, anyone can trade forex it ha...

Businesses over 50 crore to have an electronic payment mode from November 1: CBDT

On Friday, the Central Board of Direct Taxes announced that businesses with a turnover of more than 50 crore will “mandatorily” have to make arrangements via electronic modes from November 1.

Based on the reports by the income tax department, no bank system shall “impo...