KUALA LUMPUR: Malaysia needs tax reforms to raise additional revenues for reducing inequality, according to the World Bank. Its latest report titled "A Fresh Take on Reducing Inequality and Enhancing Mobility in Malaysia" said that the country …

… trader with a state-owned bank. Tax reliefs to boost bank deposits …

… many blaming federal inaction on banking, tax reform, and interstate commerce. Michigan …

The President of Pakistan promulgated the Income Tax (Amendment) Ordinance 2024 to revise the tax rate structure for banks under the advances-to-deposit ratios. The FBR will generate an additional amount of around Rs. 70 billion from banks after the …

The federal cabinet has approved the promulgation of the Income Tax Amendment Ordinance 2024, abolishing the 15% additional tax on profits banks earn from lending to the government while increasing the standard income tax rate for banks from 39% to 44%. …

A dramatic session in parliament ended with the rejection of a contentious proposal by the opposition party AKEL, which aimed to impose an extraordinary 5% solidarity tax on bank interest income for 2024 and 2025. According to a report by Kathimerini's …

… the argument over the contentious ‘bank tax’ bill set to go to … the funds reaped from the bank tax to help vulnerable groups, by …

The new Auditor General, Andreas Papaconstantinou, has warned that a scheme intended to generate revenue through guarantee fees from banks benefiting from deferred tax assets is instead creating a fiscal burden for the state. In a letter to the Finance …

… , a bill imposing a new ‘bank tax’ will go to the House …

… proposing reducing 45 per cent banking tax. Treasurer Ian Ling-Stuckey said …