Trump retracts from tax cuts in the wake of US recession fears


  As global markets are witnessing a slowdown and ongoing trade war between US and China, on the other hand, changes in US tax policy are expected to contain the damage, which may affect the US economic outlook in the future. After much speculation however on expected changes in the US tax policy front, PresidentContinue reading “Trump retracts from tax cuts in the wake of US recession fears”

Brazil: Annual income to be adjusted automatically by 4.5% for income tax assessment


The individual’s income will be automatically adjusted by 4.5% for one last time to provide for the inflation in Brazilian economy. The adjustment was first put in place in 2007 and was meant to be used until 2010 but it was further extended by the government till 2014 in the provisional measure 528. This taxContinue reading “Brazil: Annual income to be adjusted automatically by 4.5% for income tax assessment”

Australia: Opposition against the federal government’s scrapping of tax break


The federal government of Australia will roll back the tax break that was extended to small businesses from January 1 onwards. Earlier, the small businesses were allowed a $6,500 instant asset write-off which will now be brought down to $1,000 only. The news has been confirmed by Small Business Minister Bruce Billson’s office to whichContinue reading “Australia: Opposition against the federal government’s scrapping of tax break”

The Economist on “Gold Craze” in India


The Economist summed up the reason behind the gold craze of an Indian individual saying: “At the individual level, then, the gold craze makes sense. But in aggregate it is a disaster for India. Imports of bullion impose a massive strain on its balance of payments—amounting to $54 billion in the year to March 2013.”Continue reading “The Economist on “Gold Craze” in India”

Karl Marx rejected Philosophy years ago for World Change


Following is one of the 11 theses that Karl Marx wrote as an Appendix to Engels’ Ludwig Feuerbach and the End of Classical German Philosophy, 1886. You can also read the other theses here. “The philosophers have only interpreted the world, in various ways; the point is to change it.” Source: Critical Theory