Foreign funding in local startups is now subject to an ‘owner tax’

credit: 123RF.com Indian startups that raise capital from foreign investors such as Sequoia Capital, SoftBank, Prosus, Tiger Global, Carlyle, KKR and Blackstone will now have to pay an ‘owner tax’, a move that may not only negatively affect financing but also More startups to locate abroad. Announcing the federation’s budget on Tuesday, the finance minister … Read more

Do I need to file a tax return? Who should and should not apply in 2023

Not everyone is required to file taxes, but most Americans are likely to file. Of the 176.2 million singles and married couples who can file a tax return in 2020, about 144.5 million have filed a tax return, according to the nonpartisan Washington-based Tax Policy Center. Whether you need to file your taxes depends mostly … Read more

California Democrats are considering a wealth tax — including for people who have moved out of the state

California lawmakers are pushing legislation that would impose a new tax on the state’s wealthiest residents — even if they have already moved to another part of the country. Assemblyman Alex Lee, a progressive Democrat, last week introduced a bill in the California legislature that would impose an additional annual tax of 1.5% on those … Read more

California Democrats are considering a wealth tax — including for people who have moved out of the state

California lawmakers are pushing legislation that would impose a new tax on the state’s wealthiest residents — even if they have already moved to another part of the country. Assemblyman Alex Lee, a progressive Democrat, last week introduced a bill in the California legislature that would impose an additional annual tax of 1.5% on those … Read more

Here are the federal tax classes for 2023 versus 2022

The income thresholds for the seven federal tax brackets increased by a greater than normal amount for the 2023 tax year to reflect the hyperinflation seen last year. “It’s just the usual changes because of inflation. It’s been more dramatic this year because inflation has been so dramatic as well,” John Witten, of the Institute … Read more

Opinion: The world will plunge into chaos if we don’t tax windfall profits

Editor’s note: Joseph E. Stiglitz is a Nobel Prize winner in economics and a professor at Columbia University, and is the co-chair of the Independent Commission on International Corporate Taxation Reform (ICRICT). The opinions expressed in this comment are his own. View more opinion on CNN. CNN – It happened again. Thousands of supporters of … Read more

Thousands can get tax refunds as the IRS reviews old returns

Federal tax season begins Jan. 23, and getting refunds right away may be easier this year. (AP Photo/Mark Lennihan) Mark Lenihan AP Washington You may be able to get a refund on taxes you inadvertently overpaid three years ago. And 2022 tax refunds may be easier. That’s promising news from the Internal Revenue Service as … Read more

Crypto tax loophole beats America’s Wildlife Restoration Act

Better luck next time, bud.picture: MPH Pictures (stock struggle) A major US wildlife conservation bill with bipartisan support failed in last-minute negotiations in Congress, Because the lawmakers could not agree to close a huge tax loophole that benefits cryptocurrency traders. legislation, known as Restoration of America’s Wildlife Act (RAWA), it would allocate $1.3 billion annually … Read more