Latest News for: luxury tax

Edit

India says quashing Volkswagen's $1.4 billion tax bill would be 'catastrophic'

Khaleejtimes 23 Mar 2025
India's government has told a court in Mumbai that agreeing to Volkswagen's demand to quash a $1.4 billion tax bill would have "catastrophic consequences" and encourage companies to withhold information and delay inquiries, court documents show.
Edit

India says quashing VW $1.4bn tax bill would be ‘catastrophic’

Business Day 23 Mar 2025
India’s highest-ever demand for back taxes related to import duties came after scrutiny of 12 years of VW shipments and has rekindled foreign investors’ fears over lengthy investigations ... The tax ...
Edit

Packaged dairy producers seek tax rationalisation

Dawn 23 Mar 2025
The PDA has highlighted that Pakistan was the only country in the world with an 18 per cent general sales tax on packaged milk ... The tax was imposed in the current fiscal year, causing a drop of over 20 pc in packaged milk sales.
Edit

Planning to sell your property? Here’s why timing it after April 1 makes financial sense

Hindustan Times 23 Mar 2025
The primary advantage is the deferment of capital gains tax ... The primary advantage is the deferment of capital gains tax ... So, instead of rushing to plan your taxes, you have the luxury of a year to make proper tax planning decisions.
Edit

Young: MLB’s ‘competitive imbalance’ bad for budgeting Braves

Chatanooga Times Free Press 23 Mar 2025
In 2024, the Dodgers, even after paying a hefty $103 million in luxury tax that pushed the payroll to $353 million (according to MLB), earned a profit in the range of $147 million (Forbes listed their revenue at $549 million).
Edit

‘Be the hunter.’ Dodgers focus on dominance, not dynasty, amid renewed title pursuit

The Los Angeles Times 23 Mar 2025
The Dodgers are trying not to squander a roster that boasts a nearly $400 million payroll, the highest in history for luxury tax purposes, and was bolstered by yet another big-money offseason from an ...
Edit

Talking Business with Don Cunningham: Celebrating 30 years of rising economic success in the Lehigh Valley

The Morning Call 23 Mar 2025
Today, we have the luxury to be selective ... When I was a young mayor here during the late ’90s, the Lehigh Valley didn’t have that luxury. We were fighting to recover — to create jobs, new tax base — and to reinvent and save our downtowns ... Easton ... .
Edit

MLB Predictions: Should Red Sox be considered the favorites in wide-open AL?

Boston Herald 23 Mar 2025
Gabrielle Starr ... Mac Cerullo. Great ... GS ... MC ... GS ... MC ... GS ... 158 ... MC ... GS ... MC ... GS ... Now they have more depth than perhaps ever before, and while they went over the luxury tax threshold to sign Bregman, there’s very little money committed to this roster long-term.
Edit

Boston Celtics' $500M Roster Faces NBA’s Harsh Luxury Tax Penalties Under New Ownership

The Times of India 22 Mar 2025
... Could Reshape Boston Celtics’ FutureStarting from the 2025-26 season the NBA's collective bargaining agreement introduces severe financial measures targeting teams which cross the luxury tax limit.
Edit

UAE Property Market’s Institutional Investment Surge

The Arabian Post 22 Mar 2025
The luxury real estate segment, in particular, has garnered significant attention from institutional investors ... This trend reflects a growing recognition of the UAE’s luxury real estate as a viable and profitable investment avenue.
Edit

Celtics owner Wyc Grousbeck makes bold prediction about NBA's second apron after selling team

CBS Sports 22 Mar 2025
Boston is well above the second apron and its roster could cost more than $400 million next year, including luxury-tax payments, even if it doesn't re-sign soon-to-be free agents Al Horford and Luke Kornet.
Edit

The cost of championships

The Manila Times 22 Mar 2025
THE Boston Celtics broke another record recently ... 19 ... For the 2025–2026 season with only 11 players under contract, Boston's payroll and luxury tax are ex-pected to hit over $450 million ... [email protected] ....
Edit

Electric car buyers three times more likely to fall foul of luxury car tax sting ...

The Daily Mail 21 Mar 2025
Drivers buying an electric car rather than a petrol or diesel model will be three times more likely to be hit by luxury car tax under new rules coming into force in just over a week ... luxury car tax.
Edit

Celtics could trade away two All-Stars as part of new-owner effect under Bill Chisholm

Sportingnews 21 Mar 2025
The Celtics have an expensive roster, and thus, an expensive luxury tax bill ... But what about the others?. MORE ... Now to be fair to Chisholm, he may have bought the Celtics to maintain this standard and not mind paying a huge luxury tax bill ... MORE NBA ... .
Edit

Inflation disparity explains South’s prosperity, subnational migration

The Times of India 21 Mar 2025
The South's robust income levels and higher taxes on luxury goods contribute to ...
×