MCD Tax Collection Jumps 45% with Amnesty Scheme
Delhi's Municipal Corporation reports a 45% increase in property tax revenue, reaching Rs 2,700 crore. The SUNIYO amnesty scheme attracted 1.7 lakh taxpayers, boosting collections significantly.
Category : Search result: California Wealth Tax
Larry Page Buys $170M Florida Estate, Leaves California
Google co-founder Larry Page purchases two Miami properties for over $170 million, moving from California as the state prepares to vote on a billionaire wealth tax.
Budget 2026: Old Tax Regime Phase-Out Likely, Say Experts
Finance Minister Nirmala Sitharaman will present Union Budget 2026 on February 1. Tax experts predict a gradual phase-out of the old income tax regime as the new regime gains popularity.
Friedberg: Billionaire Taxes Won't Solve California's Budget Crisis
Billionaire investor David Friedberg argues that taxing the ultra-wealthy cannot address California's massive funding shortfalls, revealing how billionaires use the 'Buy, Borrow, Die' strategy to avoid taxes.
Newsom Opposes Billionaire Tax, Fears Wealth Exodus
California Governor Gavin Newsom vows to block a proposed billionaire tax, warning it's already driving wealthy residents out of the state and costing billions in lost revenue.
Direct Tax Collections Up 4.1%, Income Tax Growth Slows
India's gross direct tax collections increased 4.1% to Rs 21.5 lakh crore, with sluggish income tax growth offset by stronger corporate tax performance. Net collections rose 8.8% to Rs 18.4 lakh crore.
Direct Tax Collection Grows 8.82% to Rs 18.38 Lakh Crore
India's net direct tax collection rises 8.82% to over Rs 18.38 lakh crore till Jan 11. Refunds drop 17%. Government aims for Rs 25.20 lakh crore target for FY26. Read the full analysis.
Tech Billionaire Exits California Due to Wealth Tax Act
DoorDash co-founder Andy Fang announces exit from California, citing the state's 2026 Billionaire Tax Act. He joins a growing exodus of tech leaders fearing punitive measures on founder-controlled shares.
Google Founders Leave California Before Wealth Tax
Sergey Brin and Larry Page relocate from California, avoiding a proposed wealth tax that could have confiscated 50% of their Alphabet holdings. Experts call it a legal trap for tech founders.
Tax Experts Warn Against Higher Surcharge in Budget
Tax experts caution government against raising income tax surcharge or reintroducing wealth tax in Budget 2026-27, warning of capital flight and impact on investment. Read the full analysis.
California's Billionaire Tax Targets 200+ Tycoons
California's proposed Billionaire Tax Act could impose a one-time 5% levy on over 200 ultra-rich residents from Jan 2026. Will it trigger a capital exodus? Read the full list.
New Income Tax Act 2025: Single 'Tax Year' From April 1
The new Simplified Income Tax Act, 2025, comes into force on April 1, 2026, replacing the old assessment year system with a single 'tax year'. Learn how this major tax reform simplifies compliance for Indian taxpayers.
New Income Tax Act 2025 Effective From April 1
The new Income Tax Act 2025 comes into force on April 1, 2025. Understand the key changes in tax slabs, deductions, and compliance for the upcoming financial year.
Google Founders Reduce California Presence Over Wealth Tax
Google co-founders Sergey Brin and Larry Page are moving business entities out of California, reacting to a proposed wealth tax on billionaires. Read the full analysis of this Silicon Valley shift.
Income Tax Act 2025 Replaces 1961 Law from April 1
The Income Tax Act, 2025, replaces the 64-year-old law from April 1. It simplifies rules, reduces litigation, and incorporates Budget 2026-27 changes. Read the full explainer.
Tax Dept Tightens Compliance with 'Nudge' Campaign
India's income tax department launches a 'Nudge' campaign to boost honest reporting as direct tax growth slows to 8%. Learn about the new compliance focus and collection targets.
Chandigarh MC Sends Bulk Notices to Property Tax Defaulters
Chandigarh Municipal Corporation intensifies property tax recovery, targeting residential & commercial defaulters. Officials aim to maximise revenue before fiscal year-end in March.
3 Minor Quakes Strike San Ramon, California in Minutes
A series of three small earthquakes rattled San Ramon, California, early Friday. The strongest was magnitude 3.0. No damage reported. USGS monitors ongoing seismic swarm.
Gurgaon MCG collects Rs 30 crore tax, seals 55 properties
Gurgaon's MCG accelerates property tax recovery, collecting Rs 30 crore in 1.5 months and sealing 55 properties. The civic body now targets illegal commercial activities in residential areas to boost revenue for city development.
Google Founders Shift Entity from California Before Tax Deadline
Sergey Brin and Larry Page move T-Rex LLC to Delaware as California mulls a 5% billionaire tax. The proposed levy could trigger a capital exodus, warn experts. Read the full story.
40,000 Prayagraj homes face action for unpaid property tax
Prayagraj Municipal Corporation identifies 40,000 properties with 3-year tax dues. Notices issued; failure to pay may lead to property attachment, water cut. Act now to avoid penalties.
MCG Recovers ₹295 Crore in Property Tax from Defaulters
The Municipal Corporation of Gurugram has successfully recovered ₹295 crore in outstanding property tax from defaulters in 2025 through a special recovery drive. Discover how the civic body is boosting its revenue.
Nvidia CEO Huang: 'Perfectly Fine' with Billionaire Tax
Nvidia CEO Jensen Huang says he's 'perfectly fine' with California's proposed billionaire tax, which could cost him over $7.8 billion. He values Silicon Valley's talent over taxes. Read the full story.
Indian-Origin Wealth in UK Jumps £57.7bn in 10 Years
A new study reveals a massive £57.7 billion surge in wealth among Indian-origin adults in the UK over the past decade. Discover the key drivers and what this means for the community's economic influence.
Larry Page Moves Business Out of California Before Wealth Tax
Google co-founder Larry Page relocates key business entities from California to Delaware, ahead of a proposed state wealth tax that could cost him over $12 billion. Read about the tech exodus.
UK Wealth Gap Widens: Indians Gain, Pakistanis Lose
A new LSE report reveals a stark ethnic wealth divide in Britain. Indian and white British groups saw substantial gains, while Pakistani, Bangladeshi, and Black groups lagged far behind. Explore the data and implications.
145+ Nations Agree on Updated Global Minimum Tax Deal
More than 145 countries have solidified a revised global minimum tax agreement, incorporating US concerns. This landmark deal aims to curb corporate tax avoidance worldwide. Read the full details here.
How AI is Reshaping Tax Scrutiny in India
Indian tax authorities deploy generative AI for faster compliance checks and fraud detection. Discover why human oversight remains crucial in this tech-driven shift.
David Sacks: Miami, Austin to Replace NYC, SF as US Hubs
White House AI czar David Sacks predicts Miami will replace New York as America's finance capital and Austin will dethrone San Francisco as the tech hub. Read about the tax exodus driving this shift.
California's DROP Tool: Delete Your Data from Brokers
California launches DROP, a free state-run platform letting residents force 500+ data brokers to delete personal info in 90 days. Fight spam and protect your privacy now.
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