Chambers of commerce
Pakistan's Finance Minister Muhammad Aurangzeb has scheduled a meeting with nationwide chambers and trade associations on July 15, ahead of a planned nationwide strike announced for July 19 by the traders. The meeting aims to address concerns over the government's recent policies and tax reforms. Aurangzeb
Chairpersons
The Pakistan Industrial and Traders Associations Front (PIAF) has strongly opposed recent taxation measures, alleging that they are stifling business activity and undermining trust in the formal economy. The PIAF leadership criticized the introduction of laws that empower the tax authorities to arrest taxpayers on allegations of fraud and disallow
Legislative bills
Congresswoman Marjorie Taylor Greene (GA-14) has introduced a bold proposal to reform the federal tax code by eliminating the capital gains tax on the sale of primary residences. This legislation, the No Tax on Home Sales Act, aims to deliver critical tax relief to homeowners and help increase housing supply
Legislative bills
Congresswoman Marjorie Taylor Greene has introduced the No Tax on Home Sales Act, a proposal to eliminate the federal capital gains tax on the sale of primary residences. This reform aims to deliver critical tax relief to homeowners and increase the housing supply nationwide. The bill addresses the outdated and
Legislative bills
The president signed the "One Big Beautiful Bill Act" into law on July 4, bringing significant changes to the municipal market. The Act includes provisions beneficial to municipal market participants, particularly those related to spaceports and the New Market Tax Credit (NMTC) program. Two new sections will impact
Chairpersons
Ohio Governor Mike DeWine has formed a working group to address property tax increases that have strained many family budgets and challenged the financial security of those on fixed incomes. The working group, co-chaired by former legislators Bill Seitz and Pat Tiberi, will issue concrete recommendations for property tax reforms
Chairpersons
The Chairman of the Federal Board of Revenue (FBR), Rashid Mahmood Langrial, reaffirmed the government's stance on the new legislation that disallows 50% of expenditure for cash sales exceeding Rs200,000 per transaction. This law, implemented from July 1, 2025, as part of the Finance Act 2025, targets
Chairpersons
Katsina State Governor, Dikko Umaru Radda, recently paid a courtesy visit to the Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, at FIRS headquarters in Abuja. The visit underscored the state's strong commitment to Nigeria's evolving tax reforms and its willingness to collaborate closely
Legislative bills
As part of the One Big Beautiful Bill Act signed into law by President Trump on Independence Day, Senator Mitch McConnell's legislation, The Protecting American Farmlands Act, aims to reduce the tax burden on selling farmland, encouraging farmers to keep their land in agricultural production and curbing the
Legislative bills
The Sabah State Legislative Assembly has passed three Bills to tighten the management of state sales tax, degazette forest reserves for development, and introduce new laws to regulate the carbon credit industry. The new laws aim to strengthen fiscal governance, improve tax administration, and ensure continued sustainable revenue for the
Tax law
The Royal Mint in Llantrisant, a small town near Cardiff, is behind a modern-day gold rush, as Britons buy coins to dodge capital gains tax and seek a safe haven from global turmoil. In the first three months of this year, gold coin sales have seen a 329 per cent
Tax law
Dr. Kazeem Kolawole Raji, the Director General of the National Board for Technology Incubation (NBTI), has welcomed the signing of the Tax Reforms Acts 2025 by President Bola Tinubu. The newly assented laws, which include the Nigeria Tax Act (NTA), the Nigeria Tax Administration Act (NTAA), the Nigeria Revenue Service
