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The revenue from these tax returns will offer an indication of how badly the pandemic has hit state and city finances. State and municipal governments account for some 36% of all…
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DOI: 10.1108/OXAN-DB261487
ISSN: 2633-304X
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The political and economic significance of GST.
Combined federal, state and local government revenues stood at only an estimated 7.8% of GDP in 2018. With expenditure continually outpacing revenue, and the country's debt burden…
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DOI: 10.1108/OXAN-DB243574
ISSN: 2633-304X
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The agency noted the likelihood of a worsening debt position and that 'challenging political dynamics' limit prospects for fiscal reform. Meanwhile, state governments have raised…
The sweeping tax reform is US President Donald Trump’s first major legislative victory. Although the bill met strong opposition, and criticism from many leading economists, Trump…
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DOI: 10.1108/OXAN-DB227596
ISSN: 2633-304X
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Since the Supreme Court struck down a federal ban on sports gambling in 2018, state governments have been moving to legalise online sports betting in their jurisdictions in hopes…
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DOI: 10.1108/OXAN-DB266920
ISSN: 2633-304X
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The rulings come as the EU advances legislation to increase transparency on corporate tax rulings and after the G20 on October 9 endorsed the new OECD Base Erosion and Profit…
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DOI: 10.1108/OXAN-DB206131
ISSN: 2633-304X
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The case is set to appear before the Supreme Court. If the earlier high court decision is upheld, it would have substantial political and economic implications for the country…
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DOI: 10.1108/OXAN-DB264596
ISSN: 2633-304X
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Geographic
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Relations between the federal government and states in India.
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DOI: 10.1108/OXAN-DB250349
ISSN: 2633-304X
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Geographic
Topical
As the federal government appears likely to meet only the minimum requirements for funding infrastructure, more of the burden is shifting to states. Decades of underfunding and…