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PF interest rate: Tax on PF interest wil...

The proposed Contingency Fund interest tax came like a thunderclap for high earners and HNIs who send huge sums of money to this tax-free paradise. Although the tax only applies to contributions above Rs 2.5 lakh per year and will only apply to employee contributions, many provident fund subscribers are unhappy. This is not the […]

The flat tax plan would have bipartisan ...

Arizona’s tax system is structurally unbalanced as the demand for government spending continues to far exceed tax revenue collected. Prior to this Covid recession, there was a bipartisan agreement that additional funds were needed for education, housing, infrastructure, health care, public safety and state government. However, the budget has never been big enough to meet […]

EPF interest rate: The tax on EPF intere...

Budget 2021 proposed to levy income tax on interest earned on employee contributions to the Employee Provident Fund (EPF), but not everyone will be affected by this proposal. Only the accrued interest on the part of the annual contribution which exceeds Rs 2.5 lakh will attract income tax. Granted, people with high base salaries will […]

Tourism industry seeks to cut GST rate a...

Major players in the country’s travel and tourism industry on Thursday presented the government with a proposal including a package of measures needed to revive the besieged sector. Led by the policy advocacy organization Federation of Associations in Indian Tourism & Hospitality (FAITH), a group of leading hospitality industry associations have demanded a reduction in […]

Low interest rate, tax reform to attract...

(File photo) MANILA – The low interest rate environment in the Philippines and the continued approval of tax reform measures should remedy the outflow of foreign portfolio investment from the country, an economist from Rizal Commercial Banking Corp said on Friday. (RCBC). Data released Thursday by the Bangko Sentral ng Pilipinas (BSP) showed that registered […]

Residents Sound Alarm As Emerald Isle Wa...

EMERALD ISLAND – Some residents of Emerald Isle have complained about water bills that have doubled or tripled recently; meanwhile, the executive director of Bogue Banks Water Corp. said usage and availability necessitated pricing changes. In a statement responding to customer complaints, BBWC’s Seola Hill cited revenue needs that triggered a rate hike; increased costs […]

Some thoughts on late fees and default i...

In mortgage loan transactions, lenders usually charge a fee for late payments and additional interest (or default) in the event of default. Late fees are often a percentage (for example, five percent) of the unpaid payment and is intended to compensate the lender for its administrative costs of processing and processing the overdue payment and […]

Chinese central bank says it will improv...

FILE PHOTO: The headquarters of the People’s Bank of China, the central bank, is pictured in Beijing, China as the country is hit by an outbreak of the novel coronavirus on February 3, 2020. REUTERS / Jason Lee BEIJING / SHANGHAI (Reuters) – China’s central bank on Monday said it would make deposit-taking institutions (DRs) […]