Search results
Results from the WOW.Com Content Network
India faces more difficulties in proliferating its income tax than a country like China, who subjects 20% of its population, because there is an emphatically low amount of formal wage earners. [27] Even though India's income tax was instituted in 1922 by the British, their tax history explains their high degree of tax delinquency today. [27]
Map of the world showing national-level sales tax / VAT rates as of October 2019. A comparison of tax rates by countries is difficult and somewhat subjective, as tax laws in most countries are extremely complex and the tax burden falls differently on different groups in each country and sub-national unit.
Council tax is the system of local taxation used in England, [50] Scotland [51] and Wales [52] to part fund the services provided by local government in each country. It was introduced in 1993 by the Local Government Finance Act 1992 , as a successor to the unpopular Community Charge ("poll tax"), which had (briefly) replaced the Rates system.
Council Tax is a local taxation system used in England, Scotland and Wales. It is a tax on domestic property , which was introduced in 1993 by the Local Government Finance Act 1992 , replacing the short-lived Community Charge (also known as "poll tax"), which in turn replaced the domestic rates .
For the higher rate (£31,786–150,000) the 40% tax is split at 10% to the Welsh Government and 30% to the UK Government. [9] On the additional rate of tax (over £150,000), the 45% rate is split 10% to the Welsh Government and 35% to the UK Government. [9] The Wales Act 2014 also permits the creation of new taxes by the Senedd.
A leaflet explaining the Community Charge (the so-called "poll tax"), Department of the Environment, April 1989. The Community Charge, commonly known as the poll tax, was a system of local taxation introduced by Margaret Thatcher's government whereby each taxpayer was taxed the same fixed sum (a "poll tax" or "head tax"), with the precise amount being set by each local authority.
Get AOL Mail for FREE! Manage your email like never before with travel, photo & document views. Personalize your inbox with themes & tabs. You've Got Mail!
The Income Tax Department is the central government's largest revenue generator; total tax revenue increased from ₹ 1,392.26 billion (US$16 billion) in 1997–98 to ₹ 5,889.09 billion (US$67 billion) in 2007–08. [3] [4] In 2018–19, direct tax collections reported by the CBDT were about ₹ 11.17 lakh crore (₹11.17 trillion). [5]