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REGRESSIVE TAX CUTS
Observe and shock absorb: To ride out this oil crisis, focus should be on well-targeted support, not broad price suppressionIndia is navigating a critical oil import challenge. The government's approach of keeping fuel prices steady faces fiscal and equity questi...- ADB warns Asian economies against broad fuel subsidies, tax cuts amid oil price risksThe Asian Development Bank advised Asian economies to avoid broad fuel subsidies and excise duty cuts, warning they could strain public fin...
- No income tax? This US state proposal ignites hype and serious budget fearsNo income tax states US: South Carolina is set to gradually eliminate personal income tax. This move promises a simpler tax system but rais...
- GST on mobile phones after reforms: Will your next phone get cheaper?India's GST revamp, effective September 22, simplifies tax slabs to boost spending, but mobile phones remain taxed at 18%, despite industry...
- Trump's tariffs are making money. That may make them hard to quitPresident Trump's tariffs have significantly increased federal revenue, potentially becoming an addictive source for policymakers grappling...
- A tax-slasher's Bill of not-quite rightsDonald Trump's tax bill, OBBB, clears the US House. Senate approval is awaited. The bill is likely to be regressive and inflationary. Bond ...
- How Italy's tax system got rigged for the richItaly's tax system disproportionately benefits the wealthiest 7%, resulting in a regressive tax structure that exacerbates inequality and c...
- What are the costs behind Trump's economic proposals?Former President Donald Trump is considering imposing tariffs on all US imports, potentially costing consumers $500 billion annually. His p...
- Indian government panel backs higher carbon tax on coal importsCoal is among India's top five commodity imports by value. Despite surging domestic production, mainly of low-quality coal with high ash co...
- Budget 2024: A likely fuel tax cut will support India's consumptionUnion Budget 2024: The cut in excise duty on petrol/ diesel that the government had done last year was mainly in response to the spike in g...
- Six months before COVID struck, this move protected India Inc from pandemic, says RBIIn a bid to improve overall economic growth in the country, the Union Government had announced a hefty reduction in corporate tax rates fro...
- Incremental hikes are better, smarterThe tax structure is regressive, serving neither the interest of the vulnerable nor addressing the externalities of fossil fuel. It is high...
- View: Tax cuts are good news but not enough to reverse slowdownIndia has the highest rate of corporate tax in the world: 48.3% before the latest reform.
- Focus on fiscal deficit can kick in a virtuous cycle: Ajit Ranade, Aditya Birla GroupRanade, who is group chief economist of the company, shared his assessment of the Union Budget proposals in an interaction with ET’s Gayatr...
- Union Budget 2015 misses opportunity to meet people's expectations: AAPIt added that although the Finance Minister has gone out of way to "appease" the corporate sector, the fundamental nature of taxation is st...
- Sensitive to 'growth', but not at the cost of high inflation: RBI Governor D SubbaraoIf people thought that he was an inflation warrior to imply that he was targeting inflation, then that would be misreading of RBI's policy,...
- Some economic policy proposals need to be refined and even reversedNow that reforms have returned to the policy agenda, we may ask which reforms should receive priority during the remaining tenure of the pr...
- Fiscal policy can help check carbon emissionsGreen taxes would ensure that the social cost of production does not exceed the private cost.
- Half-way solutionStates must reduce tax on aviation turbine fuel.
- Service tax may not be raisedThe government’s move to usher in a uniform tax rate for goods and services is likely to gather momentum only in 2008-09.
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