The US has recently passed a new taxation act. Here are the highlights and review of the same. The last month of the first quarter of 2021 has witnessed the introduction of a new tax scheme in the USA. Named "Ultra-Millionaire Tax Act", it certifies itself by levying massive taxes on mega-millionaires of the country. Following are the slabs fixed for the new tax act: For households of net worth above $50 million but below $1 billion - 2% annually For households of net worth a

Are you looking for the effects of new taxation and financial reforms introduced in the budget 2021-22? Here's the analysis. The theme for the Indian budget of 2021-22 was AtmaNirbhar Bharat - The six pillars of the economy, and the six pillars are - Health and well being Physical and capital infrastructure Inclusive development for aspirational India Re-invigorating human capital Innovation and Research & Development Minimum government and maximum governance Financial and Fi