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Senate's Unpleasant Surprise Hurts Tax Breaks for Tech, Others

One of the last-minute, late-night changes Senate Republican made to their tax-overhaul plan may intend higher taxes for corporations, including technology conglomerates, than the bill’s drafters proposed, experts say. 943 more words

GST Tip - 411

As per Section 171 of the CGST Act, any reduction in the tax rate or additional benefit of the input tax credit has to be passed to the recipient under Anti-Profiteering.

CMA Bhogavalli Mallikarjuna Gupta

How to Pay GST on Exchanging Currency

Ever thought about what your currency changer gets from converting your foreign currency? And what tax liability falls after the onset of the GST regime? Read on. 386 more words

Under this proposed tax cut, big small businesses benefit most


The corporate tax rate is not the only important tax cut affecting businesses that’s being considered in the Republican tax bills. The pass-through tax rate affects millions of small businesses, and has been a point of debate and dealing. 20 more words

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YOUR TAX RATE

Every year, the IRS adjusts more than 40 tax provisions for inflation. This is done to prevent what is called “bracket creep.” This is the phenomenon by which people are pushed into higher income tax brackets or have reduced value from credits or deductions due to inflation, instead of an increase in real income. 296 more words

InWorks Tax

SALT—More press nonsense on tax reform

The elimination of State and Local Tax (SALT) deductions from the proposed tax reforms working their way through Congress has become a hot topic. Fine, but please keep the discussion honest. 940 more words

Debt

Will you pay less or more? House GOP to introduce 'tax calculator' next week

Pictured: Rep. Chris Collins, R-N.Y.

ㅤ”We are convinced middle-income people whether from New York or Alabama, are going to save money,’ said Rep. Chris Collins, R-N.Y. 80 more words

Politics