Advance tax collections, an important indicator of tax payments made ahead of final assessment, also rise 16.18 per cent to Rs 5.22 lakh crore during the period.

The article outlines Canada's economic strategy focusing on tax reforms and inter-provincial trade barriers. Key recommendations include lowering corporate income taxes to 10% and reducing personal income tax rates, particularly marginal rates, to boost investment and growth. It highlights the need for a unified Canadian economic union to eliminate trade barriers between provinces, which are estimated to cost the economy $50 billion to $130 billion annually. The piece also emphasizes the importance of attracting foreign investment by streamlining regulations and project approvals. Ireland's success with corporate tax cuts is cited as a model. Additionally, the article mentions Ottawa's efforts to diversify trade by increasing non-U.S. exports. The analysis underscores the urgency of these reforms to address slow per-capita income growth in the G7 and enhance Canada's competitiveness globally.

New Australian Bureau of Statistics data reveals a sharp decline in investor loans, down 8.6 per cent in the June quarter, marking the largest drop since September 2022. This retreat follows recent tax reforms targeting negative gearing and capital gains discounts, which were intended to shift market dynamics toward first-home buyers. However, experts suggest this is more of an early reaction to policy changes rather than a permanent exodus. Independent researcher Cameron Kusher notes that investor behavior has shifted towards properties with strong rental yields and lower entry points, rather than focusing solely on capital growth. While the government claims these reforms are working as intended, data shows first-home buyer loans have only fallen 2.9 per cent, indicating they haven't fully replaced investors. Analysts caution that the market may still adjust further as the full impact of tax changes takes effect in July 2027. The potential for tighter rental markets and rising rents remains a concern, though immediate effects are yet to materialize. Overall, the housing landscape is evolving with both investors and first-home buyers adopting more cautious approaches.

The Australian government has introduced a nine-step self-valuation process for investors and small businesses seeking to avoid paying hefty fees under the new capital gains tax (CGT) regime. This complex formula, part of Treasurer Jim Chalmers' draft legislation released in late June 2026, aims to streamline asset valuations but risks resulting in higher tax liabilities for many. The reforms, which include changes to negative gearing provisions, have faced criticism from both investors and industry experts who argue the DIY approach lacks clarity and may inadvertently increase compliance costs. The Treasury's explanatory memorandums outline the technical details of the valuation methodology, but analysts warn that without professional guidance, individuals might miscalculate their tax obligations. This could lead to unexpected financial burdens, particularly for those with complex investment portfolios. The policy shift reflects ongoing debates about balancing fiscal responsibility with investor protection in Australia's evolving taxation landscape.

Officials say ending the £135 exemption could raise compliance costs, tighten parcel oversight and reshape online sales into Britain

Analysis of Pakistan's Budget 2026-27, tax relief, documentation reforms, and challenges in broadening the tax base.

Le baromètre Ifop-Welfaire révèle que 60 % des indépendants sont optimistes pour leur boîte mais pessimistes pour la France, entre ras-le-bol fiscal...

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Rising fuel levies expose Pakistan’s tax inequality, burdening citizens while structural reforms remain limited.

Pakistan’s IMF-backed reforms expose deep tax and debt flaws, with fragile gains masking structural weaknesses and urgent need for lasting fiscal change

Pakistan’s IMF-backed reforms expose deep tax and debt flaws, with fragile gains masking structural weaknesses and urgent need for lasting fiscal change

Draft income tax rule 2026: Higher tax hit on company cars explained