Strategic use of gifting disbursements before one's demise can help to ensure the maximum amount of bequests to one's heirs ...

“US persons" (i.e., US citizens and resident aliens) are subject to gift, estate, and generation-skipping transfer taxes on their worldwide assets. Others who are non-US citizens, first have to ...

While resident Indians will have to pay tax at 12.5% on the profits if the annual premium is above Rs 2.5 lakh, NRIs investing from the GIFT City will be exempt from tax. For residents ...

Designed to thwart the wealthy’s attempts to circumvent the estate tax, which after death gobbles up to 40 percent of one’s assets over $13.99 million, the IRS’s “gift tax” stipulates ...

On the most basic level, artists who may not earn much or any of their income from the sale of their artistic output need to prove to the IRS that they are professionals and not just dilettantes.

Supply Lines is a daily newsletter that tracks global trade. Sign up here. President Donald Trump aims to address what the administration casts as unfair taxation of US firms abroad as he pursues ...

Inheritance tax receipts have soared to £5 billion in the seven months from April to October 2024, according to HMRC ...

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 ...

In 1958 by Parliament of India, the gift tax act was introduced to regulate tax on giving and receiving gifts under certain circumstances. Over the years, the law has evolved and currently income ...

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