The Income Tax Appellate Tribunal (ITAT) has ruled that additions under Section 68 of the Income-tax Act cannot be sustained ...

This past Monday was the 250th anniversary of the publication of Adam Smith’s profoundly impactful book, An Inquiry into the Nature and Causes of the Wealth of Nations. It’s too bad its brilliant—and ...

The Senate Committee on Ways and Means on Wednesday approved “in principle” the proposals allowing President Ferdinand “Bongbong” Marcos Jr. to suspend or reduce excise tax on fuel amid escalating ...

Explore Nigeria’s 2025 tax reforms, digital asset taxation, and NRS income-tracking powers under data protection laws, with ...

The Finance Ordinance for FY 2025-26, in many cases, effectively raised the tax burden on regular taxpayers by 10–25 percent. Consequently, since July 2025, many employees have experienced lower ...

Neither the US nor the UK, where the tax systems are among the oldest in the world—are similar in some ways, but in others they differ significantly. The tax systems of the US and the UK have much in ...

Captive service providers operate with limited risk and must be benchmarked differently from entrepreneurial companies. The analysis explains why TNMM and cost-plus returns are the appropriate ...

California's proposed wealth tax has become one of the most closely watched fiscal policy experiments in American history.

A Frederick County business owner says he's moving about 80% of his company across the state line to Berkeley County, West Virginia, after a dispute with the county treasurer's office ...

Sections 4, 5, and 14, together provides the legislative framework for imposing the income tax, identifying the extent of taxable income, and categorizing income into various heads for computational ...

Discover how a new Supreme Court case about Arizona’s DtC wine shipping laws could reshape Dormant Commerce Clause alcohol ...

The model pioneered by Health Savings Accounts can help families attain the dream of home ownership. Terry Schilling is the ...