Claims that taxing the rich in California, New York City and Illinois will “only hit billionaires” don’t hold water. That’s just not how economics works.

UAE businesses face a major digital overhaul in 2026-2027 with a new e-invoicing system. Starting July 2026, companies will ...

When the NBR introduced the online VAT refund module, it said businesses would be able to apply digitally and receive reimbursements directly into their bank accounts with ease, drawing praise for the ...

China's latest reform of the value-added tax system for gold trading is expected to bring greater clarity and order to the market of the precious metal, as regulators aim to distinguish investment ...

The recent adoption of a law on value-added tax by China's top legislature marks major progress in the country's tax system reform. China began to pilot VAT collection in selected regions and ...

Earnings before interest and taxes (EBIT) indicate a company's profitability and are calculated as revenue minus expenses, excluding taxes and interest expenses.

Both sales tax and GST are indirect taxes, meaning they are charged on transactions (purchases) instead of income, and the cost is ultimately paid by the person who buys the final product. The ...

A study from the Potsdam Institute for Climate Impact Research (PIK) in Nature Food analyses the ecological “footprint” from diets – and policy options to counteract through price signals. EU-wide, 23 ...

The full implementation of Nigeria’s Tax Reform Acts ushers in a new era with serious implications for the private and public sectors. This analysis by OLUWAKEMI ABIMBOLA details the operational ...

Do you live in a state that has a high sales tax? A state that imposes no sales tax at all? Consumption tax, the category that includes sales tax, is often a footnote at the end of a receipt, but it ...

Terms apply to American Express benefits and offers. Visit americanexpress.com to learn more. The idea of a value-added tax (VAT) is a foreign concept to most Americans. That puts us in the minority, ...

After two years of robust growth fueled by military spending on the war in Ukraine, Russia’s economy is slowing. Oil revenues are down, the budget deficit is up and defense spending has leveled off.