Los Angeles, June 1 (IANS) The Beatles legend Sir Paul McCartney doesn’t have the confidence that the UK government could run the nation. The Beatles frontman doesn’t think the government “know how to” make the UK run efficiently, reports ‘Female First UK’.The 82-year-old Beatles legend was quizzed on what he would change if he was elected Prime Minister and he is keen to see taxpayers money put to good use so people can see a difference in their lives.Speaking during a TikTok Live, he sai…
Latest Taxation News & Updates
New Delhi, May 31 (IANS) The latest proposal from Pakistan’s Federal Board of Revenue (FBR) seeks to tax YouTubers based on the number of views they receive, a move that has triggered a major controversy over its coherence, legality, and alignment with the realities of online monetisation, according to a report in Maldives Insight. At the centre of the controversy is the prospect of taxation reaching as high as 66 per cent for certain overseas Pakistani content creators.The figure reflects not m…
New Delhi, May 20 (IANS) Rajya Sabha MP Sasmit Patra met Finance Minister Nirmala Sitharaman on Wednesday and submitted a detailed representation urging the initiation of structured national deliberations on the inclusion of petrol and diesel under the Goods and Services Tax (GST) framework. In his representation, Patra emphasised that the constitutional framework under Article 279A(5) already envisages the eventual inclusion of petroleum products within GST through the recommendation of the GST…
New Delhi, May 17 (IANS) Pakistan’s upcoming federal budget is likely to reflect an economy constrained by prolonged stabilisation policies, weak revenue generation and growing dependence on externally driven reforms, according to a recent economic analysis that warns the country risks slipping into a low-growth equilibrium without major structural recalibration.According to the analysis by Sakib Berjees, the country’s economic model has become heavily centred on stabilisation measures, with…
New Delhi, May 12 (IANS) Although foreign banks have been in China for decades, they have failed to grow and currently account for a mere 5 per cent of the country’s total banking assets, according to a media article.When China’s accession to the World Trade Organisation in December 2001 was finalised, the promise extended to foreign financial institutions was one of gradual, meaningful integration. However, this has not taken place, the article by Dr Shalini Kumar in the UK’s Asian Lite new…
New Delhi, May 10 (IANS) As Pakistan prepares for the national budget for fiscal year 2026-27, business chambers and industry stakeholders are once again pushing for structural tax reforms, arguing that the country can no longer rely on short-term taxation measures and annual fiscal adjustments to revive economic growth and investor confidence, a report has said.Among the key voices is the Overseas Investors Chamber of Commerce and Industry (OICCI), which has submitted a fresh set of taxation pr…
New Delhi, April 6 (IANS) Pakistan’s decision to raise petrol prices to Rs 458.40 per litre, with a petroleum levy of Rs 161 per litre, risks “a structural shock on an already fragile economy,” a new report has said.The report from Business Recorder said that the hike necessary under the constraints of the IMF programme will pass through supply chains, inflating input costs, compressing margins, and ultimately dampening output.The hike also aims to mobilise revenue after the administration mis…
New Delhi, April 4 (IANS) As many as 40 public grievances were formally registered and taken up for redressal by different departments at New Delhi Municipal Council’s (NDMC) Suvidha Camp organised on Saturday, an official said. “The issues taken up at the camp, held at the New Delhi City Centre (NDCC) Convention Centre on Jai Singh Road, primarily related to Personnel, Civil Engineering, Horticulture, Public Health, Enforcement, Commercial, Taxation, and Estate matters,” the official said in a …
Washington, March 26 (IANS) US President Donald Trump has projected confidence of a strong Republican showing in the midterm elections, attacking Democrats sharply while highlighting his administration’s economic, military, and border policies. Addressing a House Republican dinner at Union Station here on Wednesday (Local time), Trump said his administration had delivered major results and would “defy history” in the upcoming elections.“With your help this November, we’ll defeat the ra…
New Delhi, March 24 (IANS) Naveen Jindal, Member of Parliament from Kurukshetra in Haryana, strongly endorsed the Finance Bill, 2026 in the Lok Sabha on Tuesday, describing it as a transformative and forward-looking roadmap that will shape the future of 140 crore Indians.He emphasised that India’s growth story is being powered by the combined strength of its taxpayers and the private sector — both of whom are indispensable partners in nation-building.Highlighting the critical role of the pri…