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Union Budget 2021: Offline retail hard hit by pandemic; seeks relief in taxation, rationalisation of licensing process All eyes are now on how Budget 2021 will address the expectations and challenges faced by the Indian retail sector. Paresh Parekh January 27, 2021 06:19:56 IST A consumer durables store. Image courtesy Metc123/Wikimedia Commons Year 2020 has witnessed huge uncertainties and challenges for nations across the globe including India. Economic activities were...

The policy will help in creating a strong ecosystem for the industry in the country and also attract startups

Heads to washington to appeal for relief in the provision of the 2017 tax law that will hit high tax states like new york. >> tax season is here and so is the reckoning for high tax states. the reduction capped by a law at $10,000, strongly opposed by democrat and republican lawmakers alike from states like new york, new jersey, california, where it means a bigger tax bill for their constituents. governor cuomo says the law hurts blue states. >> what it does, it has created two different tax structures in this country. it has created a preferential tax structure in republican states. >> the ar...

This cap disproportionately hurts their residents in new york and new jersey. taxpayers in new york will pay roughly 14 billion more dollars in federal taxes this year, and that drives people in states like miami from paying the salt tax. so governor cuomo plans to meet with president trump today to discuss removing the cap which disproportionately hits those blue states, and it's a criticism that cuomo and other lawmakers have levied against the tax bill. >> what it does is it has created two different tax structures in this country. and it has created a pref preferential tax structure in

Fuel industry. it's gone on too long and this is why i oppose it. packing up and moving south to florida to escape the repeal of the so-called salt deductions. last week andrew como said this. >> the top 10%, 74% of all the revenue tax the rich, tax the rich, tax the rich. we did. now, god forbid the rich leave. >> he plans to meet with president trump in washington today to talk about removing that cap on salt deductions. >> but to me there is no more vital long-term issue for the state from a financial point of view of salt. what it has done is created to different tax structures in this c...