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 […]
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 […]
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 […]
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, […]
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, […]
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 […]
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 […]
Saudi Arabia adopts volumetric tax for sweetened beverages / AI Generated Image Saudi Arabia is set to fundamentally change how it taxes sweet beverages, marking a pivotal step in its public health and economic strategy. Starting January 1, 2026, the Kingdom will replace its current flat-rate tax with a sophisticated tiered volumetric system. Saudi Arabia […]
Lakshmi Mittal is believed to have left UK over higher taxes, a report claimed. Indian-origin steel industry tycoon Lakshmi Mittal has left the UK and now lives in Switzerland, the Sunday Times reported, blaming the inheritance tax of the Labor government for a mass exodus of the richest. Chancellor Rachel Reeves who is expected to […]
Was WhistlinDiesel arrested? YouTuber’s reported arrest sparks big buzz after tax details leak online (Image Via Getty) Cody Shane Detwiler, known everywhere as Cody “WhistlinDiesel,” became the focus of a huge online buzz on November 13, 2025. The automotive YouTuber was reportedly arrested for tax evasion in Williamson County, Tennessee. This news first came from […]
