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The Latest Breaking News from Income Tax

Yr Handy 2 Min Explainer On How The Fk Almost 1/3 Of Big Aus Companies Paid No Tax In 2020/21

More than half of energy, mining & water corporations paid zero income tax.

Pedestrian.tv

Capital Gains Tax Rates 2026: What You Need to Know

Navigating capital gains tax can be complex, but knowing the applicable tax rates and thresholds can help you plan your investments.

Kiplinger

Australia’s largest firms post record tax bill, despite almost a third paying nothing

Australia's largest companies are paying more tax under a government crackdown on avoidance, but almost a third still contributed nothing.

The New Daily

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Rishi Sunak's stealth tax raid set to cost Brits THOUSANDS - how it'll hit you

Rishi Sunak and his Chancellor Jeremy Hunt are looking at extending the freeze on Income Tax and National Insurance thresholds in the upcoming Autumn Statement

Daily Mirror

Almost a third of Australia’s large companies pay no income tax

Tax Office finds more than half major mining, energy and water companies paid nothing in 2020-21, a three-year high

The Guardian - AU

Call for tax cut to help flood-hit businesses

Company executives want the government to help flood-hit entrepreneurs with a corporate income tax reduction, according to a Federation of Thai Industries (FTI) survey of its members.

Bangkok Post

Common ITR form for all taxpayers on anvil, I-T dept invites stakeholder comments

MUMBAI: The finance ministry on Tuesday proposed to come out with a user-friendly common income tax return form for all taxpayers, under which income from virtual digital assets will have to be disclosed under a separate head.

The Times of India

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Confusion over selecting ITR form may end

NEW DELHI: The government may finally end the confusion over which form to select for filing income tax returns. On Tuesday, the Central Board of Direct Taxes (CBDT) woke up to the need to simplify life of taxpayers and floated a draft for public consultations.

The Times of India

Jeremy Hunt's Autumn budget 2022 predictions in full - how it will hit you

What time is the Autumn Budget 2022? Will the state pension increase in 2023, how will income tax thresholds freeze and will Universal Credit and benefits rise? Will PIP be means tested? Here’s everything you need to know about Jeremy Hunt's statement

Daily Mirror

IRS: Growing gap between US income taxes owed and paid

The IRS says the amount of income tax money owed but not paid to the government is projected to grow

The Independent UK

Workers could be clobbered as Rishi Sunak considers 'stealth' income tax rise

The new Prime Minister is said to be looking at extending the freeze on income tax thresholds for two years as his Chancellor draws up plans for an autumn statement

Daily Mirror

Thousands of Irish workers to receive letters from Revenue saying they owe tax - everything you need to know

Revenue has already issued around 275,000 letters, with a further 100,000 expected to be sent in the coming weeks

Irish Mirror

What Rishi Sunak becoming Prime Minister could mean for your money

Some major decisions for pensions, benefits, and tax are on the cards

Wales Online

In fairness to New Zealand’s tax and transfer system

Dodgy statistical work to generate headlines supporting higher taxation risks eroding the credibility of Oxfam’s aid work.

Newsroom.co.nz

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Daily Record

State Pension increase of 10.1% next April could see half a million more people in retirement paying tax

A significant increase in the number of over-65s paying tax is expected in 2023.

ABC News

Malcolm Turnbull, an architect of stage 3 tax cuts, still backs them, despite higher costs

The prime minister who originally introduced the stage three tax cuts to the parliament says you would probably not legislate them today, given their growing cost and the deteriorating budget position.

Wales Online

Liz Truss timeline: 44 days from appointment to resignation

She promised a “bold plan” to cut taxes and grow the economy and “deliver on the energy crisis”

Newslaundry

Delhi High Court seeks response to Newslaundry’s plea against income tax notices

The Delhi High Court has sought a response on a petition filed by Newslaundry against the reassessment notices issued to it under the Income Tax Act for 2017-2018 and 2019-2020. The reassessment notice was issued on grounds that the assessment of income for these years was not done.

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Axios

The new income tax brackets for 2023 likely to boost your paycheck

Here's a breakdown of income and rates for next year.

The Independent UK

IRS ups standard deductions, tax brackets due to inflation

Taxpayers will get fatter standard deductions for 2023 and all seven federal income tax bracket levels will be revised upward as the government allows people to shield more of their money from taxation because of persistently high inflation

Bangkok Post

Tax waiver for foreign actors

The cabinet on Tuesday agreed to a waiver of personal income tax for foreign actors and actresses for five years, aiming to generate more than 3.5 billion baht in revenue from investments in foreign film productions.

The Times of India

Haryana: NIA raid in Ambala, about Rs 1.17 crore cash seized from house

AMBALA: The National Investigation Agency (NIA) conducted a raid at a house in Adarsh Nagar in Baldev Nagar police station area of Ambala City on Tuesday.

Daily Mirror

Join us LIVE as experts explain everything Jeremy Hunt's changes means for your money

Mirror money experts will take you through everything you need to know about money changes coming down the tracks from Chancellor Jeremy Hunt, including more Income Tax and possibly higher energy bills

The Times of India

BCCI’s treasury has swelled to Rs 9629 crores in last 3 years: Arun Dhumal

MUMBAI: The BCCI, already one of the richest sports bodies in the world, just got richer.

Daily Record

How the UK Government’s National Insurance change will affect you from next month

Chancellor Jeremy Hunt scrapped plans to cut the basic rate of income tax from 20% to 19%.

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