US President Donald Trump is showing Americaâs trading partners no mercy. If they export a lot to the US, it will tariff them backâby half. The âreciprocalâ rates are especially harsh on several developing countries, with Vietnam, India, Thailand and Bangladesh all facing barriers of well over 20%. The costs wonât be felt equally. Tariffs…
In these years, the number of tax filers has gone up from 65 million to 80 million, which is still less than 6% of the population. Of all those filers, barely 25 million pay more than zero tax. Thanks to the recent hike in the exemption ceiling, it is possible that another 8 to 10…
On one hand, there is an âembarrassment of riches,â with rapid growth in both direct and indirect taxes, high and stable economic growth, and moderate inflationâall of which suggest that the economy is in a sweet spot with enormous potential for expansion. Alongside these riches, there are many signs of simmering discontent, as indicated by…
