tax reforms News

India Set to Leap to 4th Largest Global Economy by 2026 with Robust GDP Growth

India is projected to become the fourth largest global economy by 2026, with a GDP growth of 6.8% in FY25 and 7.7% in FY26. PHDCCI proposes tax reforms and anticipates a rate cut t...

South Korea's FKI Demands Swift Tax Reform to Revive Economy and Enhance Global Competitiveness

South Korea's FKI calls for urgent tax reforms to address the economic downturn, support small businesses, and boost high-tech industries. Legislative delays are causing uncertaint...

2025 Budget Preview: Major Tax Reforms and Exemptions on the Horizon

The 2025 Union Budget is poised to introduce significant tax reforms and exemptions, aiming to simplify the tax system, reduce litigation, and stimulate economic growth. EY India's...

Oil Futures Surge Amid Anticipation of Trump's Policy Overhaul

Oil futures prices climbed as investors anticipated major policy shifts under President-elect Donald Trump, including tariffs, deregulation, and tax reforms. The Fed's hawkish stan...

Elon Musk Advocates for Rethinking Tax Benefits for Nonprofit NGOs

Elon Musk recently suggested that tax advantages for nonprofit NGOs should be reconsidered, responding to a post critical of the sector's growth attributed to tax reforms under Pre...