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Income tax News

Latest conceptually matching events and reports for Income tax.

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Local News

Proposed Inland Revenue Amendments Spark Controversy Over Criminalizing Tax Procedural Errors.

May 17, 2026 at 12:06 AM

Sri Lanka’s proposed Inland Revenue (Amendment) Bill has ignited debate among legal experts and tax professionals over a provision that could turn minor administrative tax failures into criminal offenses, potentially bypassing traditional requirements for proof of fraudulent intent.

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Proposed Inland Revenue Amendments Spark Controversy Over Criminalizing Tax Procedural Errors
Image Credit : ft.lk
Technology
Chevron Seeks Massive Tax Relief in Texas for Dedicated Data Center Power Plant
Image Source : tnonline.com

Chevron Seeks Massive Tax Relief in Texas for Dedicated Data Center Power Plant.

May 11, 2026 at 11:13 AM
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Local News
Sri Lanka Consolidates Financial Sector Levies: Clarifying the 20.5% VAT Update
Image Source : ft.lk

Sri Lanka Consolidates Financial Sector Levies: Clarifying the 20.5% VAT Update.

May 4, 2026 at 9:28 AM
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Finance

Strategic Tax Planning: How High-Net-Worth Individuals Are Preparing for 2026.

Following recent legislative shifts in the US tax code, wealthy investors are pivoting their strategies from estate tax mitigation to aggressive income and capital gains management. Key tactics include long-short tax-loss harvesting and leveraging bonus depreciation.

April 16, 2026 at 1:03 PM
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Mapping the US Tax Burden: Which States Take the Biggest Bite Out of Personal Income?
Image Source : businessinsider.com
Economy•
April 16, 2026 at 12:59 PM

Mapping the US Tax Burden: Which States Take the Biggest Bite Out of Personal Income?.

A recent analysis highlights the disparity in tax burdens across US states, revealing which regions impose the highest and lowest financial obligations relative to personal income.

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Technology

The Tax Uncertainty Looming Over Prediction Market Profits.

April 7, 2026 at 9:07 AM

As prediction markets like Kalshi and Polymarket surge in popularity, traders face a significant challenge: the lack of clear IRS guidance on how to report these earnings, leaving investors to choose between conflicting tax interpretations.

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The Tax Uncertainty Looming Over Prediction Market Profits
Image Credit : defirate.com
Local News
Foreign Investors Urge Comprehensive Tax Reforms in Bangladesh Ahead of Budget
Image Source : unb.com.bd

Foreign Investors Urge Comprehensive Tax Reforms in Bangladesh Ahead of Budget.

April 7, 2026 at 1:16 AM
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Local News
Persistent Tax Burdens Dominate Sri Lankan Business Sentiment
Image Source : abc11.com

Persistent Tax Burdens Dominate Sri Lankan Business Sentiment.

April 3, 2026 at 5:04 AM
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