June 27, 2025
Declaration now mandatory for cash over $10,000
CBO sees $2.4tn debt impact in House-passed bill while CFRB says costs could rise to $5 trillion including interest if made permanent
Industry insiders say the proposed 10 percent supplementary duty will throttle the booming OTT platform services
The VAT rate on online product sales commissions has been increased from 5 percent to 15 percent
To boost tax revenue, the budget proposes cutting the number of tax slabs from seven to six
The demand has been made due to a “crisis in faith and trust in him”, they say
The US president discourages Republicans from seeking further carve-outs for state and local tax payments
He blames the previous administration’s “bank looting” for the disintegrating economy
