Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: cpt :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: due date for vat payment :: TDS :: empanelment :: Central Excise rule to resale the machines to a new company :: TAX RATES - GOODS TAXABLE @ 4% :: articles on VAT and GST in India :: ARTICLES ON INPUT TAX CREDIT IN VAT :: VAT Audit :: ACCOUNTING STANDARDS :: ACCOUNTING STANDARD :: VAT RATES :: form 3cd :: list of goods taxed at 4%
 
 
« News Headlines »
 Have you missed the due date of filing your Tax Returns?
 What you should know about income tax refunds
 Income tax scrutiny to remain limited despite surge in returns filed
 Regarding Filing of online return for first quarter of 2017-18 extension upto 01-09-2017
 Deadline to file returns extended to 28 August for biz with transitional
 GST input tax credit form
  How to rectify income tax returns
 Govt extends tax exemption for industry in North East, hilly states
 Should you file revised Income Tax returns; find out here
 Tax Deducted at Source (TDS) in Goods & Services Tax (GST)
 10 companies that blamed GST for soft June quarter

India comes out merciful on tax misery index
May, 15th 2007
For all the whining over taxes in the country, Indian taxpayers are far better off than their counterparts in countries like France, Belgium and even China when it comes to the total tax levied.
 
According to business magazine Forbess Tax Misery and Reform Index for 2007, India is ranked number 13 in terms of the lowest tax misery score, which is a sum of taxes levied at the highest marginal percentage in each jurisdiction.
 
The top three economies on this count are the tax-free enclaves of the United Arab Emirates, Qatar and Hong Kong, in that order. 

TAXING HIGHS AND LOWS
(2007 Forbes Tax Misery & Reform Index)
The 5 economies with the lowest tax misery The 5 economies with the highest tax misery
United Arab Emirates 18.00 France 166.80
Qatar 35.00 Belgium 156.40
Hong Kong 43.50 China 152.00
Cyprus 73.30 Sweden 150.40
Singapore 79.50 Italy 148.00
 
Indias position is unchanged over 2006 mainly because corporation and personal income tax levels remained unchanged. Neighbouring Pakistan leads Asian economies on tax reforms, trimming a hefty 10 points off its individual income tax.
 
France leads the list of the economies with the highest tax misery, followed by Belgium and China. The Communist state remains the worst Asian economy on the index. However, it is one of the top reformers this year, knocking eight points off its total score.
 
The index evaluates whether a jurisdictions tax policy attracts or repels capital and talent. It also tracks tax reforms. Jurisdictions at the top of the index impose the harshest taxes, while the most tax-friendly are at the bottom. Fifty jurisdictions were surveyed including three new entrants, Vietnam, Bulgaria and Qatar.
 
Most Asian jurisdictions continue to have a more tax-friendly environment than other parts of the world. Besides Hong Kong, Singapore, Taiwan, Thailand and Malaysia have fared well on the list., besides Hong Kong.
 
The survey shows that outside of China and Japan, Asia continues to enjoy stable, low-tax advantage.
 
Singapore, which attracts high-tech companies from Europe and affluent entrepreneurs fleeing misery, however, adjusted tax rates this year and in so doing worsened the overall hit. Other than Singapore, the Philippines is the only Asian country to increase its score, with consumers now paying more value-added tax.
 
Chinas improvement is a result of the announced reform to bring the corporate tax rates down to 25 per cent and to apply these rates to all domestic and foreign companies, which may mean a decrease for some and an increase for others on special low-tax or tax holiday dispensations.
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Achievements

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions