tax
By Nidhi Jacob A viral WhatsApp forward claiming that all Indian citizens must obtain an Income Tax Clearance Certificate (ITCC) before travelling abroad starting October 1, 2024, is misleading. BOOM found that the Central Board of Direct Taxes (CBDT) clarified that under Section 230 of the Income-Tax Act, 1961, not everyone is required to obtain an Income Tax Clearance Certificate (ITCC). Only individuals involved in serious financial irregularities or those with direct tax arrears exceeding Rs. 10 lakh are required to obtain an ITCC, and this is only after the Income Tax officials specifical...
BOOM Live
France's outgoing Prime Minister, Gabriel Attal, has proposed a change to national income tax in a letter entitled "action plan for the French people", according to Le Monde. Attal, a member of the Renaissance party led by President Emmanuel Macron, has suggested that taxpayers should be able to send a portion of their contributions towards a "freely chosen mission within the state budget". This policy, sometimes referred to as participatory budgeting, was already suggested by the socialist politician Christine Pirès Beaune last year. In an amendment, then rejected by the presidential majority...
Euronews (English)
Zwei Führungskräfte des Internationalen Währungsfonds (IWF) warnen, dass eine Erhöhung der durchschnittlichen Krypto-Mining-Stromkosten weltweit um bis zu 85 % durch Steuern eine große Delle in die Kohlenstoffemissionen schlagen könnte. Eine Steuer von 0,047 US-Dollar pro Kilowattstunde „würde die Krypto-Mining-Branche dazu bringen, ihre Emissionen im Einklang mit den globalen Zielen zu reduzieren“, schrieben der stellvertretende Abteilungsleiter Shafik Hebous und der Ökonom Nate Vernon-Lin von der Abteilung Klimapolitik des IWF am 15. August. Wenn man die lokalen Auswirkungen des Minings auf ...
Cointelegraph DE
Dos ejecutivos del Fondo Monetario Internacional (FMI) afirman que aumentar los costos promedio de electricidad para la minería de criptomonedas a nivel mundial en hasta un 85% mediante impuestos podría reducir significativamente las emisiones de carbono. Un impuesto de USD 0.047 por kilovatio hora “llevaría a la industria de la minería de criptomonedas a reducir sus emisiones en línea con los objetivos globales”, escribieron el jefe adjunto de la división de Asuntos Fiscales del FMI, Shafik Hebous, y el economista de la división de política climática, Nate Vernon-Lin, en un artículo del 15 de...
Cointelegraph ES
国際通貨基金(IMF)の専門家は、税金を通じて仮想通貨のマイニングにかかる電力コストを世界的に85%...
Cointelegraph JP
Two executives from the International Monetary Fund (IMF) say increasing the average crypto mining electricity costs globally by as much as 85% through taxes could put a huge dent in carbon emissions. A tax of $0.047 per kilowatt hour “would drive the crypto mining industry to curb its emissions in line with global goals,” the IMF Fiscal Affairs Department’s deputy division chief Shafik Hebous and climate policy division economist Nate Vernon-Lin wrote on Aug. 15. If accounting for miners’ local impact on health, the tax would rise to $0.089 per kilowatt hour, the pair said. Hebous and Vernon-...
Cointelegraph
Washington (AFP) - Donald Trump and Kamala Harris agree on very little, but the two presidential rivals have found common ground in calling for the elimination of taxes on tips -- a populist move that many criticize as economically irresponsible. Trump was the first to announce his plan earlier this summer, while Harris surprised supporters with a similar policy this past week. It's no coincidence that both candidates made their pledges in Nevada –- a crucial battleground state which has the highest relative number of waiting staff in the United States, according to the US Labor Department. Ti...
AFP
However, experts say there’s a reason Congress hasn’t made such a change already. It would be complicated, not to mention enormously costly to the federal government, to enact. It would encourage many higher-paid workers to restructure their compensation to classify some of it as “tips” and thereby avoid taxes. And, in the end, it likely wouldn’t help millions of low-income workers. “There’s no way that it wouldn’t be a mess,” said James Hines Jr., a professor of law and economics and the research director of the Office of Tax Policy Research at the University of Michigan’s Ross School of Busi...
Euronews (English)
More than a dozen listed Chinese companies say they were slapped with millions of dollars in back taxes in a renewed effort to fix local finances that have been wrecked by a downturn in the property market that hit sales of land leases, a main source of revenues. Policies issued after a recent planning meeting of top Communist Party officials called for expanding local tax resources and said localities should expand their “tax management authority and improve their debt management." Local government debt is estimated at up to $11 trillion, including what's owed by local government financing en...
Euronews (English)
Five times larger than the Titanic, the Icon of the Seas was unveiled at the start of 2024 as the world’s biggest cruise ship. It highlights a spiralling trend in the industry: the largest cruises have more than doubled in size since the year 2000. If this trajectory continues, ships could grow to a whopping eight times the size of the Titanic by 2050. They’d make the 10-deck, 269-metre-long ship from 1912 “look like a fishing boat”, according to a new report titled ‘Cruisezillas: How much bigger can cruise ships get?’ released by Transport & Environment (T&E) today. In the report, T&E calls f...
Euronews (English)
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