What is a national consumption tax? Here's how it differs from income tax.
Consumption tax is a tax on goods or services – what you spend, rather than what you earn. In the U.S., consumption tax comes in the form of retail sales tax and excise tax (tax imposed on certain ...
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Why a Goods and Services Tax Hike Would Shake Up India's Apparel Sector
Temporarily mitigating what has been an unsettling time in the apparel industry in December, the issue of increasing the goods and services tax in India has been rolled over into the new year. Textile ...
Here’s what will get more expensive from 25% tariffs on Mexican and Canadian goods
President Donald Trump said Monday he still intends to move forward with an across-the-board tariff of 25% on Mexican and Canadian goods, though he said those levies would come on February 1 rather ...
Reuters22d
India collects $20.66 bln in goods and services tax in December
NEW DELHI, Jan 1 (Reuters) - India collected 1.77 trillion rupees ($20.66 billion) in goods and services tax in December, 7.3% higher than the same period last year, the government said on Wednesday.
Yahoo Finance20d
Why a Goods and Services Tax Hike Would Shake Up India’s Apparel Sector
Temporarily mitigating what has been an unsettling time in the apparel industry in December, the issue of increasing the goods and services tax in India has been rolled over into the new year.