from Expert Zone:

Why traditional insurance plans will beat ULIPs during the tax-saving season

By Deepak Yohannan
November 12, 2014

(Any opinions expressed here are those of the author and not of Thomson Reuters)

Most ULIPs (unit-linked insurance plans) are far better compared to traditional insurance plans. They are more flexible, more transparent and have the potential to generate bigger returns. But insurance sales do not necessarily follow simple logic. There are a variety of reasons why traditional plans are likely to fare better.

from India Insight:

Budget 2014: Give Indians tax breaks, more ways to invest – experts

July 9, 2014

Arun Jaitley's first budget as India's finance minister should allow individual taxpayers to invest more money in vehicles such as government savings bonds, mutual funds and employee savings plans, and provide them with tax credits that would bolster their savings and boost economic growth, tax experts say.

from The Great Debate:

The lost promise of progressive taxes

By Ajay K. Mehrotra
April 15, 2014

By midnight on April 15, roughly 140 million Americans will have filed their federal income tax returns and breathed a sigh of relief. Politicians from both parties, however, will spend most of the day criticizing our current tax system.

from India Insight:

Revised India tax code proposal targets foreign companies, wealthy people

April 1, 2014

Companies with as little as 20 percent of their global assets in India could find themselves facing tax bills in deals involving their domestic units under changes to the tax code that the government proposed on Tuesday.

from The Great Debate:

States act on tax reform

By Grover G. Norquist and Mark Green
April 1, 2014

The United States needs tax reform -- and soon. Our corporate tax rate is 35 percent, while the European average is 25 percent. We are not competitive. Our individual tax code has rates too high and too many politically driven tax credits and deductions. All true. But it’s also likely that no real tax reform will move in Washington for the next three years.

from The Great Debate:

IRS at 100: How income taxation built the middle class

By John Buenker and Sam Pizzigati
October 2, 2013

Exactly a century ago, on October 3, 1913, President Woodrow Wilson signed the first modern federal income tax into law. The sky did not fall.

from Expert Zone:

Tying up loose ends after filing your income tax returns

By Kuldip Kumar
August 22, 2013

(Any opinions expressed here are those of the author and not of Thomson Reuters)

There was a record increase in tax returns filed electronically this year after new rules made it mandatory for taxpayers with a taxable income of more than 500,000 rupees to file returns online. This change added to the last-minute rush, with the government extending the deadline by five days to Aug. 5.

from India Insight:

Taxing times for reporters on the Chidambaram beat

March 14, 2013

(Any opinions expressed here are those of the author and not necessarily of Thomson Reuters)

from The Great Debate:

Jindal’s model for tax reform

By Grover G. Norquist and Patrick Gleason
March 14, 2013

With dueling budgets being introduced on Capitol Hill this week, the possibility of tax reform is the talk of Washington. As we predicted before last November’s elections, tax reform will be on the agenda in 2013 – but has its best chances in the states. We are seeing that demonstrated Thursday by Louisiana’s Republican governor, Bobby Jindal.

from Expert Zone:

Time for a shift in the tax incentive regime?

By Pranav Raval and Riddhi Doshi
February 15, 2013

(Any opinions expressed here are those of the authors and not of Reuters)

The Indian economy is currently on the path of reform with the government liberalising FDI policy and relaxing overseas debt funding. And with the union budget just around the corner, investors are hoping for incentives on the tax front as well.