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Local News

Sri Lanka Parliament Resumes: Tax Amendment Bill and Economic Review Top Agenda.

May 19, 2026 at 2:25 AM

Parliament resumes its sessions from May 19 to 22, prioritizing the Inland Revenue (Amendment) Bill and the Central Bank's 2025 Economic Review, alongside debates on import-export controls.

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Sri Lanka Parliament Resumes: Tax Amendment Bill and Economic Review Top Agenda
Image Credit : newsfirst.lk
Local News
Sri Lanka’s Inland Revenue Amendment Bill: Supreme Court Ruling Prompts Possible Legislative Adjustments
Image Source : ft.lk

Sri Lanka’s Inland Revenue Amendment Bill: Supreme Court Ruling Prompts Possible Legislative Adjustments.

May 18, 2026 at 4:00 AM
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Local News
Proposed Inland Revenue Amendments Spark Controversy Over Criminalizing Tax Procedural Errors
Image Source : ft.lk

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

May 17, 2026 at 12:06 AM
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Economy
Malaysia Presses Ahead with Fuel Subsidy Reforms Amid Election Speculation
Image Source : thevibes.com

Malaysia Presses Ahead with Fuel Subsidy Reforms Amid Election Speculation.

May 12, 2026 at 4:54 AM
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Chevron Seeks Massive Tax Relief in Texas for Dedicated Data Center Power Plant
Image Source : tnonline.com
Technology•
May 11, 2026 at 11:13 AM

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

Chevron is seeking a multi-million dollar tax abatement in Texas for a gas-fired power plant dedicated to a data center, potentially linked to Microsoft. The proposal has sparked debate over corporate incentives and infrastructure costs.

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United States

New York State Faces Complex Hurdles in Crafting Controversial Luxury Property Tax.

May 8, 2026 at 6:33 PM

New York Governor Kathy Hochul’s proposal for a 'pied-à-terre' tax on multi-million dollar second homes in NYC is encountering significant design and political challenges as officials struggle to resolve its implementation details.

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New York State Faces Complex Hurdles in Crafting Controversial Luxury Property Tax
Image Credit : theatlantic.com
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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Local News
Reflecting on the Premadasa Economic Model Amidst Current Fiscal Realities
Image Source : sundaytimes.lk

Reflecting on the Premadasa Economic Model Amidst Current Fiscal Realities.

April 30, 2026 at 6:55 PM
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Economy
Fiscal Stability Achieved: Revenue Expansion Powers Primary Surplus to 5.4%
Image Source : investopedia.com

Fiscal Stability Achieved: Revenue Expansion Powers Primary Surplus to 5.4%.

April 28, 2026 at 8:45 PM
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Sri Lanka’s New Fiscal Landscape: A Transformation in Public Financial Management
Image Source : nz.news.yahoo.com
Local News•
April 23, 2026 at 8:34 PM

Sri Lanka’s New Fiscal Landscape: A Transformation in Public Financial Management.

Sri Lanka has initiated a major shift in fiscal governance through the enactment of the Public Financial Management Act and the Public Debt Management Act of 2024, focusing on transparency and rule-based accountability.

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Economy

Kenya Adjusts Fiscal Strategy: Lower Tax Targets and Increased Borrowing Plans.

April 20, 2026 at 10:18 AM

Kenya has revised its fiscal outlook for the current year, reducing its tax collection targets while significantly increasing its domestic borrowing plans to bridge the funding gap.

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Kenya Adjusts Fiscal Strategy: Lower Tax Targets and Increased Borrowing Plans
Image Credit : swalanyeti.co.ke
Economy
Navigating Sri Lanka's Economic Recovery: Beyond Taxation and Import Controls
Image Source : lankanewsweb.net

Navigating Sri Lanka's Economic Recovery: Beyond Taxation and Import Controls.

April 18, 2026 at 10:23 PM
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Economy
Citigroup Analysis: South Africa Holds Capacity for Additional Fuel Subsidy Extension
Image Source : harveyorganblog.com

Citigroup Analysis: South Africa Holds Capacity for Additional Fuel Subsidy Extension.

April 16, 2026 at 3:12 PM
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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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Finance

Strategic Use of Tax Refunds: Why More Americans Are Prioritizing Debt Reduction.

April 16, 2026 at 10:36 AM

As tax season arrives, many Americans are shifting their focus from spending to financial stability, with a significant number using their tax refunds to tackle high-interest debt and improve long-term financial health.

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Strategic Use of Tax Refunds: Why More Americans Are Prioritizing Debt Reduction
Image Credit : gobankingrates.com
Business
Hong Kong Introduces Strategic Tax Incentives to Become a Global Commodity Trading Powerhouse
Image Source : discoveryalert.com.au

Hong Kong Introduces Strategic Tax Incentives to Become a Global Commodity Trading Powerhouse.

April 16, 2026 at 8:24 AM
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United States
Tax Refund Discrepancies: Why Higher Average Payouts Aren't Resonating with Americans
Image Source : apnews.com

Tax Refund Discrepancies: Why Higher Average Payouts Aren't Resonating with Americans.

April 15, 2026 at 9:10 PM
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Local News
Sri Lanka’s Inland Revenue Department Achieves Record-Breaking Tax Collection in Q1 2026
Image Source : onlanka.com

Sri Lanka’s Inland Revenue Department Achieves Record-Breaking Tax Collection in Q1 2026.

April 10, 2026 at 8:07 AM
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Sri Lanka Approves Tax Exemptions for New Telecommunication Towers to Boost Connectivity
Image Source : island.lk
Local News•
April 7, 2026 at 8:48 PM

Sri Lanka Approves Tax Exemptions for New Telecommunication Towers to Boost Connectivity.

The Cabinet of Ministers has approved amendments to the Finance Act No. 35 of 2018 to exempt newly constructed telecommunication towers from the annual tax for a five-year period starting January 1, 2026.

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