January 9, 2009
India cuts central sales tax to 2 pct from June 1
NEW DELHI, May 30 - The Indian government on Friday reduced the central sales tax rate to 2.0 percent on inter-state sale of goods from June 1, in line with the finance minister's February budget announcement.
Imagine buying back-to-school goods tax-free
Back-to-school shoppers could skip the sales tax this August, if an idea discussed at the state Capitol becomes law. Up for tax-free status: School supplies, clothing and computers.
July 16 (Bloomberg) -- Lee Kun Hee , the former chairman of Samsung Group, received a suspended sentence for tax evasion and was cleared of charges he oversaw illegal trades to transfer control of South Korea's biggest business empire to his son. Read more hereDisadvantages Of Flat Tax -
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