Present indirect taxation system complete mess: Arun Jaitley

Last Updated: Friday, September 11, 2015, 00:02

Union Finance Minister Arun Jaitley Thursday said the present indirect taxation system is in a "complete mess" and sought support of political parties and state governments for implementation of Goods and Service Tax reform.

GST to enable voluntary tax compliance: Mani

Last Updated: Friday, June 5, 2015, 18:24

The country is slowly moving towards Goods and Services Tax (GST) regime which will enable voluntary tax compliance, facilitate simple and transparent tax administration, said K.M. Mani, who headed the Empowered Committee of State Finance Ministers on GST, on Friday.

Jaitley urges India Inc to build public opinion for GST bill

Last Updated: Saturday, December 20, 2014, 15:29

The United Progressive Alliance (UPA) government had introduced a Constitution Amendment Bill in the Lok Sabha towards the introduction of the GST in 2011.

Google wants rational tax system following criticism

Last Updated: Thursday, May 23, 2013, 19:33

The move comes after Labour Party leader Ed Miliband targeted his rebuke towards Schmidt at the Google Big Tent Conference, the Guardian reports.

Rangarajan pitches for higher taxes for super rich

Last Updated: Saturday, January 5, 2013, 19:37

India taxes income at three rates - 10 percent, 20 percent and 30 percent.

Shiv Sena to oppose new property tax system

Last Updated: Tuesday, August 14, 2012, 18:15

The ruling Shiv Sena-BJP alliance in Thane Municipal Corporation (TMC) opposed the proposal by the civic chief to revise the property tax structure.

ICC, BIAC write to Pranab on retrospective ta amendment issue

Last Updated: Monday, April 9, 2012, 15:45

Concerned over the impact of the government's decision to amend the Income Tax Act with retrospective affect, International Chamber of Commerce (ICC) and another industry body BIAC want to engage with the Finance Ministry to work out a solution to the issue.

Plug loopholes to boost tax revenue: Pranab

Last Updated: Sunday, April 8, 2012, 21:27

Finance Minister Pranab Mukherjee Sunday advised experts to plug loopholes in the taxation laws to ensure that the government got its due share of revenue and to curb avoidance.

Obama urges Congress to pass 'Buffett Rule' for higher tax on rich

Last Updated: Sunday, April 1, 2012, 10:16

The "Buffett Rule" plan, scheduled for a Senate vote on April 16, was proposed by Obama last September to reform the nation's tax system.

UK cuts tax rate to make wealthiest citizens pay more

Last Updated: Wednesday, March 21, 2012, 22:38

Britain's finance minister has cut the rate of tax the country's wealthiest citizens will pay but insisted the rich will pay more through a raft of measures to prevent tax avoidance and a punitive new charge on expensive property sales.