PepsiCo Inc. should have included its snack food subsidiary Frito-Lay’s income on its Illinois tax returns because the latter ...

The Educational Choice for Children Act of 2025 would ostensibly provide a tax break on charitable donations to organizations ...

Some people have been driven to the brink of bankruptcy by large unexpected tax bills. It's also been linked to 10 suicides.

The 2025 tax season has already begun, and millions of individual and business taxpayers will soon file their returns, hoping to owe as little as possible. Unfortunately, this can be a stressful ...

Using detailed financial reports from thousands of firms, the researchers found that in 2018, U.S. multinationals shifted about $20-25 billion to tax havens — far lower than prior estimates of about ...

No tax is required to be deducted at source under Sec. 195, if the amount paid by resident Indian end-users to non-resident, ...

South Africa has seen a surge in the number of millionaires paying taxes in the country, but even more are flying under the ...

The Income-tax Bill 2025 grants tax officers power to access digital spaces, including social media and bank accounts, to combat tax evasion, with safeguards to protect privacy and ensure compliance w ...

India has robust legal provisions to distinguish between tax avoidance and evasion: 1. Income Tax Act, 1961: Sections 139 and 271 prescribe penalties for non-disclosure of income. 2. General ...

Tax avoidance is a legal method of lowering your taxable income by structuring your affairs to take advantage of eligible tax deductions. The other is tax evasion, where you lie about your income ...

The Prime Minister remained tight-lipped on a commitment not to extend the freeze on income tax thresholds ahead of next week ...