Switzerland will suspend a key tax provision with India from 2025, impacting dividend income for Indian companies operating there. This follows an Indian Supreme Court ruling on the most favoured nation clause, potentially increasing withholding tax from 5% to 10%.…
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India’s Chief Economic Adviser, V Anantha Nageswaran, cautioned against a “billionaire tax,” arguing it could deter investment. He emphasized equality of access and opportunity over outcome equality, citing India’s poverty reduction success. Nageswaran questioned economist Thomas Piketty’s findings on wealth…
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French economist Thomas Piketty advocated for a global wealth tax to fund climate reparations, especially for countries like India significantly impacted by climate change. He urged India to lead this effort and address inequality through progressive taxation and policy changes,…
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The Goods and Services Tax (GST) collections have gone up by 9.3 per cent so far in the current fiscal 2024-25 to Rs 14.56 lakh crore. In the April-November period of last year, the tax mop-up was Rs 13.32 lakh…
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Outlining the priorities of the economy for the next decade, Sitharaman said the industry should work with small and medium enterprises to explore how they can support large units, while equally contributing to job creation.
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India’s urban middle class is curbing spending due to job scarcity and inflation, impacting the consumer goods sector. While rural demand holds strong, it’s unlikely to fully offset the urban decline without policy intervention. FMCG companies face margin pressures, and…
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