BIZARRE: 5 - What They Never Told You

AI could wipe $2.2 trillion off the national debt, but there's a catch

A new Brookings/Fed paper finds AI productivity could meaningfully shrink the U.S. deficit — until you count the side effects, which could erase more than half the savings before Washington even cashes the check.

Fortune · Jul 2

Made less than Rs 1.25 lakh LTCG from equities this year, do you need to file ITR?

Even if your long-term capital gains from stocks are under Rs 1.25 lakh, you must still file your Income Tax Return for AY 2026-27. While this amount is tax-exempt, the Income Tax Department requires you to report these gains. Failure to disclose can lead to issues. Learn how to correctly…

The Economic Times · Jul 2

I'm a Real Estate Pro: This Is Why (and How) I'm Deferring My Taxes Until I Die

Real estate investors can use 1031 exchanges and depreciation to defer taxes over a lifetime, before passing assets to heirs tax-free. Here's how it works.

Kiplinger · Jul 1

Husband has to pay income tax on wife’s earnings from FD, gold, shares under clubbing of income in these cases

ITR filing: Transferring investments to your spouse to save taxes is a common misconception. The Income Tax Department scrutinises fund sources and can club income back to the original provider. This applies to FDs, shares, and gold, where income or capital gains from gifted assets are often taxed in the…

The Economic Times · Jun 27

Treasurer responds after budget attack by ex-RBA head

Former Reserve Bank governor Phillip Lowe has described Labor's latest federal budget as a "redistribution agenda".

AAP · Jun 26

King Charles’ tax bombshell reveals monarch has paid more than £30million to HMRC

Buckingham Palace has disclosed the King’s voluntary income tax and capital gains tax payments for the first time, while Prince William has also released details of his own tax contributions as heir to the throne.

BANG Premier · Jun 26

Note 2200 Embargo: William nets income of xxx as he shares tax bill for first time

(Embargoed to 2200 Thursday June 25)Note embargo – check thisThe Prince of Wales received a private income of £xx million from his Duchy of Cornwall estate – a rise/fall of xxxxx, as he revealed his tax bill for the first time.As heir to the throne, William, the 25th Duke of…

Evening Standard · Jun 25

Coalition blames tax reform for social cohesion decline

Measures to scrap negative gearing and pare back capital gains discounts have passed parliament despite strong resistance.

AAP · Jun 25

The government wants to increase home ownership. But life is tough for many new homeowners

On Tuesday, the Albanese government struck a deal with the Greens to allow sweeping changes to negative gearing and the capital gains tax discount to pass parliament.

The Conversation · Jun 24

Capital gains tax changes are already having an impact on wealth inequality – and vested interests are running scared

Weekend house auction results and the official taxation data reveal the arguments from outraged conservatives are hollow

The Guardian - AU · Jun 24