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UAE clarifies new corporate tax rules for free zones: What Businesses need to know now | World News

UAE Free Zones offer tax breaks, full foreign ownership, and sector-specific benefits, playing a key role in the country’s economic growth/ Image: UAE Ministry of Finance The UAE has introduced two new ministerial decisions aimed at clarifying how corporate tax rules apply to Free Zone businesses, providing much-needed precision on qualifying activities and acceptable pricing […]

‘Tariff foreign remote workers’: Is Peter Navarro supporting ‘outsourcing tax’ after ‘profiteering Brahmins’ remark?

Peter Navarro shared Jack Poso’s post calling for imposing tax on foreign remote workers. US President Donald Trump’s trade adviser Peter Navarro has shared a post by Conservative commentator Jack Poso in which Poso called for tariffing foreign remote workers. Navarro is in the middle of a major row owing to his consecutive statements on […]

‘No tax on tips’: Streamers and influencers included in the US Act; mid-level creators benefit

Digital content creators, including streamers and influencers, will be able to claim tax deductions on the tips they earn starting next year. The move comes under Donald Trump’s “no tax on tips” policy, a key campaign promise passed by Congress in July. According to a draft list of eligible jobs, reported by Axios, the policy […]

Saudi Arabia launches new white land tax zones: Up to 10% fee for key areas in Riyadh | World News

Saudi Arabia has introduced a new white land tax system in Riyadh/Image: File Saudi Arabia has introduced a new white land tax system in Riyadh, setting out four geographic zones with varying fee rates to promote balanced urban growth and curb real estate speculation. The initiative is part of a broader strategy to regulate the […]

Company funds used for personal investments: Indian-origin man charged with tax violation in Texas

Indian-origin man, with permanent resident status in the US, charged with tax evasion in Texas. A 43-year-old Indian-origin man, Anil Surabhi, has been charged with a federal tax violation in Texas, the Justice Department said. Anil Surabhi, 43, an Indian citizen with permanent resident status in the United States, was named in an indictment returned […]

$700,000 from US to India: Indian-origin doctor Krishnaswami Sriram sentenced to 34 months in jail for tax evasion, medical fraud

Krishnan Sriram, Indian-origin doctor, sentenced to 34 months in prison for tax evasion and medical fraud in US. Indian-origin Illinois doctor Krishnaswami Sriram has been sentenced to 34 months in prison for medical fraud and tax evasion. According to the Justice Department, he hid his assets and lied to the IRS about his ability to […]

‘Racist’: Trump slams Charlamagne Tha God over low rating of his presidency; radio host critiques tax cuts, Epstein files

Charlamagne on Fox News show hosted by Lara Trump, the US President’s daughter-in-law (Image credits: AP) US President Donald Trump lashed out at radio host Charlamagne Tha God on Sunday, accusing the broadcaster of knowing “nothing” about him or his accomplishments. The backlash came after Charlamagne, whose real name is Lenard McKelvey, offered a critical […]

‘Tax the Rich’: AOC flouted House Rules in 2021 Met Gala, accepted gifts, gave boyfriend free ticket

Alexandria Ocasio-Cortez flouted House rules in her Met Gala 2021 ‘Tax the rich’ appearance. A House Ethics Committee found Rep Alexandria Ocasio-Cortez at fault for his much-discussed 2021 Met Gala appearance, where she wore her headline-making ‘Tax the Rich’ gown. The probe report released Friday revealed that AOC underpaid for costs and will now have […]

UAE’s 2025 tax update: How real estate firms can save on fair-valued assets | World News

The UAE Ministry of Finance’s new rule enables depreciation of fair-valued investment properties, offering firms fresh tax planning flexibility/Representative Image TL;DR: Finance Ministry’s Ministerial Decision No. 173/2025 allows firms to deduct depreciation on investment properties measured at fair value, if they choose the realisation basis, effective from tax periods starting January 1, 2025. Companies can […]

UAE: Sugar levels may now decide the cost of your drinks with new tax rules on sugar-based beverages | World News

Starting in 2026, the UAE will tax sugary drinks based on their sugar content to encourage healthier consumption and reduce sugar intake/ Image: File UAE to tax sugary drinks based on sugar content starting 2026. Flat 50% tax on sweetened drinks will be replaced by a sugar-based tiered system. More sugar = higher tax; less […]