tax – 9xm News

Indian-origin judge accused of forcing Trump admin to ‘hand over tax dollars’ for alleged daycare fraud; Elon Musk calls it ‘problematic’

A row erupted after an Indian-origin federal judge blocked the Trump administration from freezing billions of dollars in child care and social services funding, with MAGA base accusing the judge of forcing taxpayers to keep paying money tied to “fraud.“Tesla boss Elon Musk weighed in and attacked US District Judge Arun Subramanian, calling the situation […]

China’s baby steps: Ageing Beijing to tax condoms, contraceptives; here’s why

(AI image generated using ChatGPT) China has begun taxing condoms and other contraceptives, ending a three-decade exemption as the government intensifies efforts to reverse a deepening demographic decline. From January 1, condoms and contraceptive pills are subject to a 13% value-added tax, the standard rate applied to most consumer goods, according to Reuters.The move marks […]

Nationwide protest threat: Pakistani traders announce strike if POS machines are enforced; government urged to reconsider tax policies

Pakistan traders threaten countrywide shutdown over mandatory billing machines ISLAMABAD: Traders across Pakistan have threatened a nationwide shutdown on January 16 if the government does not withdraw its decision to make the installation of Point of Sale (POS) machines mandatory, warning that the move would further burden small businesses and open new avenues for harassment […]

Saudi Arabia introduces four-tier excise tax on sweetened beverages based on sugar content from January 1, 2026 | World News

Starting January 1, 2026, Saudi Arabia taxes sweetened beverages by sugar content, using four-tier system/Representative Image Imagine reaching for your favorite soda next week and noticing the price is higher than usual. That’s because Saudi Arabia is introducing a new four-tier excise tax on sweetened beverages starting January 1, replacing the old flat 50 percent […]

‘I will miss them very much’: Ro Khanna mocks Peter Thiel, Larry Page as they consider leaving California over ‘Billionaire tax’

Indian-origin Democratic Congressman Ro Khanna who represents part of Silicon Valley doubled down on the proposed wealthy tax or billionaire tax and mocked reports that Peter Thiel, Larry Page would move out of California if they have to pay extra money. “I will miss them very much,” Khanna said mockingly, echoing President Franklin Roosevelt. The […]

California’s tech exodus: Entrepreneur warns of a deeper political crisis as tax losses ‘hit $200 billion’ | World News

Entrepreneur and investor Chamath Palihapitiya has warned that California is facing a deepening political and fiscal crisis as major founders and companies continue to leave the state. In a widely circulated post, Palihapitiya argued that the departures have already cost California tens of billions of dollars in lost tax revenue, with the total potentially rising […]

How Canada’s Indian Act tax rules are confusing shoppers: ‘Indigenous people should be proud to get tax exemption’

Canadian resident Ethan Macleod was Christmas shopping in Gatineau, Quebec. He was more than 500 kilometres from his home in the Cree Nation of Mistissini and he was hoping to find good holiday deals.But he discovered that not all stores honoured the Indian Act tax exemptions for Indigenous shoppers.Under section 87 of the Indian Act, […]

UAE introduces amendments to corporate tax, VAT, and company laws | World News

The UAE approved amendments to corporate tax, VAT, and company laws, clarifying tax credits, easing VAT rules, and updating corporate structures/Representative Image The UAE has introduced a set of significant legislative changes covering corporate tax, value added tax (VAT), and the Commercial Companies Law. These amendments aim to make business operations simpler, reduce regulatory ambiguities, […]

Tim Walz accused in $1bn ‘massive fraud’: Minnesota tax used for terrorism? Probe launched

A powerful US House committee and the treasury department have opened parallel investigations into allegations that more than $1 billion was siphoned from Minnesota’s pandemic-era food aid and other state programs – with some of the money allegedly ending up with Al-Shabaab.House oversight committee chairman James Comer told The New York Post that his panel […]

Swiss vote on compulsory civic duty, climate tax for super-rich

GENEVA: Switzerland votes Sunday on whether to replace the current men-only military conscription with a compulsory civic duty for men and women alike and on taxing the super-rich to fund the climate fight.Neither initiative is expected to pass, according to recent polls, but they have generated significant discussion in the wealthy Alpine nation. Under Switzerland’s […]