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Economist Dr. Indira Sagewan says the current Property Tax Amendment Bill 2024 proposed by the Finance Minister is impractical and should be withdrawn.<br/><br/>Dr. Sagewan was speaking with Tv6 on Monday<br/><br/>More from Nicole M Romany.
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Signing of PPP Code IRR highlights gov’t’s vow to develop more high-quality infra projects, boost economy
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The Finance Minister says there has been no suspension of the Property Tax Act.<br/><br/>He says notices that stated so at Board of Inland Revenue offices on Thursday were the result of actions of public servants with apparent good intentions but without authorization, after they became aware of the provisions in the new amendment to the Property Tax Act.<br/><br/><br/>The measures include a reduction of in the rate of residential Property Tax from 3% to 2%.<br/><br/>Juhel Browne reports.
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The IRS issued Revenue Ruling 2023-2, which had a substantial impact on estate planning, particularly where an irrevocable trust is involved. In the last decade or so, more families have begun utilizing irrevocable trusts to protect their assets from spend-down in order to qualify for government benefits, such as Medicaid and VA Aid and Attendance.<br/><br/>Prior to the issuance of this ruling, it was unclear whether assets passing to beneficiaries through an irrevocable trust would receive a step-up in basis, thereby eliminating any capital gains taxes that would otherwise be owed. Historically, assets that are disposed of during an individual’s lifetime are subject to capital gains taxes on the increase in value of that asset over time. The amount of capital gains owed is determined largely by the difference between the value at the time of purchase and the value at the time of transfer.
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Petaling Jaya Mayor Mohamad Zahri Samingon launched this year’s Ramadan Bazaar themed “Digital & Clean 2024” at Jalan SS6/1, Kelana Jaya on Friday (March 15), which the Petaling Jaya City Council (MBPJ) requires all micro-enterprises to attach proof of a QR code when applying for their business licence. <br/><br/>Mohamad Zahri said this move is in line with the Selangor state government’s drive towards the digitisation of the micro sector. <br/><br/>WATCH MORE: https://thestartv.com/c/news<br/>SUBSCRIBE: https://cutt.ly/TheStar<br/>LIKE: https://fb.com/TheStarOnline
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Apple is in talks with Google to license Gemini, Google's suite of generative AI tools, to power new features coming to the iPhone later this year. Gemini includes tools like chatbots and coding assistants that use AI, and Apple wants to integrate some of these tools into future iOS releases. The two companies are in \
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Your 401(k) can be a bridge from retirement to a higher monthly income.
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Short-term holiday rental market leaders Airbnb and Stayz have agreed to support a NSW government plan for a tourism tax to fund social and affordable housing but want other holiday accommodation like hotels to pay too.
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Song Yao, who never misses a beat in punishing scumbags, encounters the fake prince of Chengtian Group. Caught in a Smiths-like battle, the \
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Use our guide to decide which assets belong in a taxable account and which go into a tax-advantaged account.
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Jonathan Reynolds says he welcomes last month’s drop in inflation but insists people are ‘still worse off after 14 years of Conservative government’. Speaking on the day the Office for National Statistics confirmed inflation fell to 3.4% in February, the shadow business secretary also suggested a cut in interest rates was unlikely, due to ongoing ‘uncertainty, particularly around the Red Sea’. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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Song Yao, who never misses a beat in punishing scumbags, encounters the fake prince of Chengtian Group. Caught in a Smiths-like battle, the \
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