International Taxation
“Isolate U.S.A.”: China, Japan, and South Korea Unite to Counter U.S. Tariffs
In a landmark agreement, China, Japan, and South Korea have decided to jointly address the tariffs imposed by the United States during the Trump...
US Border Agents Seize More Illegal Eggs Than Fentanyl Amid Rising Poultry Smuggling
The United States is experiencing a surge in egg smuggling, with U.S. Customs and Border Protection (CBP) agents seizing more illegal eggs than fentanyl...
Trump Slams India’s 100% Tariffs, Announces Reciprocal Tariffs from 2 April 2025
In a fiery address to a joint session of the U.S. Congress, President Donald Trump took a strong stance against what he called "unfair...
Child Tax Credit: All You Need To Know
The Child Tax Credit (CTC) is a tax benefit provided to families with dependent children to help reduce their tax liability. It’s intended to...
Input Tax Deduction Allowable On Destroyed Goods: Pakistan Supreme Court
The Pakistan Supreme Court has held that input tax adjustments are allowed even on destroyed goods.The bench of Justices Yahya Afridi, Syed Hasan Azhar...
US Tax Court Imposes Fraud Penalty For Tax Evasion On Unreported Income
The US Tax Court has imposed the fraud penalty for tax evasion on unreported income.The bench of Justice Goeke has observed that he fraudulently...
IT Software Rentals Constitute ‘Royalty’, Rules Pakistan Supreme Court
Unlike Indian scenarios and rulings on taxability of IT software rentals, the Supreme Court of Pakistan has held that the IT software rentals constitute...
Switzerland Suspends Unilateral Application Of MFN Clause With India under DTAA; Indian companies To Face Higher Tax
Switzerland has suspended the unilateral application of Most Favoured Nation (MFN) clause with India under Double Tax Avoidance Agreement (DTAA), consequently Indian companies in...