Taxes are indispensable for the functioning of a state as it provides essential services and acts as a source of provision of necessary public goods. State power also manifests itself through taxes. Therefore, the state should extract and collect taxes from all social classes. However, it is relative easier to collect taxes from the masses while powerful lobbies and groups get away with them.
An unpredictable, whimsical and disruptive tariffs policy of US President Donald Trump could be counterproductive for US consumers and its geopolitical and geostrategic interests as unpredictability spawns uncertainty, which stymies investment and hiring. According to The Economist, Trump announced and then postponed 25% punitive tariffs on goods from Canada and Mexico. The US president was usi
Yes, although not fully implemented except during the tenure of former Finance Minister Miftah Ismail, there are strong reasons to believe that reducing taxes on salaried individuals could generate enough political support to tilt election outcomes in favour of policymakers. Ultimately, isn't that what they aim for? Last week, India's Finance Minister, Nirmala Sitharaman, unveiled the country's
CAPITAL markets offer various investment options tailored to different financial goals and risk profiles, mainly through the debt and equity markets. The debt market provides stable returns with lower risk, making it ideal for conservative investors. In contrast, the equity market offers higher return potential but with greater volatility. Investors can participate in these markets directly throug
WEEKS after the Chinese startup DeekSeek took the global artificial intelligence (AI) industry by storm with the launch of its low-cost, high-quality chatbot, American politicians still seem to be struggling to come to grips with the ‘shock of the century’. As expected, the US lawmakers have brought forth in the House of Representatives a bill to ban DeepSeek — which shook the lead American tec