The president says the VAT system used across Europe gives other countries unfair trade advantages. Here’s how the system ...

The GST Council, led by Finance Minister Nirmala Sitharaman, plans to simplify and lower tax rates as the review nears ...

Indirect taxes are charged on goods and services, not on income or profits. These taxes are collected by businesses, such as ...

The Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman presented the Union Budget 2024-25 in Parliament, today i.e. February 02, 2025. Majorly the changes were earlier ...

Lawmakers will consider a bill to increase the state excise tax and wipe out the state income tax for most residents.

In recent months, tariffs have become a significant concern for businesses importing goods, particularly in relation to trade ...

Dozens of states have a general sales tax. In Illinois, the tax covers consumer goods, but not services. That's a mistake, ...

By applying the sales tax only to goods and a small number of services, Illinois is missing the ability to tax much of the ...