Tax Centre News

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  UK's Brown: G20 should consider bank tax urgently

  - Reuters - Sat 07 Nov, 05:00 PM

  ST ANDREWS, Scotland (Reuters) - A tax on financial transactions to fund future bank bailouts should be considered with urgency, British Prime Minister Gordon Brown said on Saturday, a significant departure from London's line to...
• No VAT on Cars/bikes to be purchased by army personnel

  - HT - Sat 07 Nov, 12:53 PM

  The State Government has decided to exempt cars and motorbikes/scooters from levy of the Value Added Tax (VAT) in case vehicles are purchased by serving and ex- army men. The State Cabinet took a decision to this effect last week and now the...
• Another UBS client gets reduced tax fraud sentence

  - Reuters - Sat 07 Nov, 06:10 AM

  FORT LAUDERDALE, Fla. (Reuters) - A British-born Florida yacht broker and former client of Swiss bank UBS AG received a reduced, two-month prison sentence for tax fraud on Friday because he cooperated with a U.S. investigation into the...
• Nath keen to rope in LLPs for highways
  

  - Indian Express - Sat 07 Nov, 03:24 AM

  Faced with the challenge of awarding road projects worth Rs 1 lakh crore over the coming year, surface transport minister Kamal Nath is exploring a new funding mechanism for the cash-starved highways sector roping in limited liability partnerships...
• Finmin: 3% deficit only by FY15
  

  - Indian Express - Sat 07 Nov, 03:22 AM

  Setting a new timeline for consolidation, the finance ministry has projected that it would be able to wipe out the revenue deficit and rein in the fiscal deficit at 3% of GDP only by 2014-15. The estimates bank significantly on the economy staging a...
• Dispute resolution panels face delay as CBDT works on new norms
  

  - Indian Express - Fri 06 Nov, 04:30 AM

  Despite promising a slew of measures to tackle cross-border tax troubles in the Union Budget 2009-10, Central Board of Direct Taxes (CBDT) is yet to take any action on two key proposals of setting up dispute resolution panels across the country and...

EARLIER HEADLINES

• Finmin to review tax code proposals on salaried individuals, property
  
  - Indian Express - Fri 06 Nov, 04:06 AM
• Key financial Bills to set reforms ball rolling in Winter Session
  
  - Indian Express - Fri 06 Nov, 03:40 AM
• SEZ exports in H1 double despite trade contraction
  
  - Indian Express - Fri 06 Nov, 03:28 AM
• FACTBOX - Jobless, homebuyer aid clears Congress
  - Reuters - Fri 06 Nov, 01:50 AM
• Aid for jobless, homebuyers clears U.S. Congress
  - Reuters - Fri 06 Nov, 01:50 AM