A regressive tax is one that is assessed at the same rate to everyone, regardless of their income. They are also sometimes ...

Before the latest notification, cigarettes and other tobacco products were taxed under a layered structure combining GST with ...

Washington state will implement a 95% excise tax on all tobacco and nicotine products in 2026, creating significant financial ...

A major overhaul of how gasoline is taxed in Michigan took effect on January 1, 2026. The legislation marks one of the most ...

Indirect taxes are charged on goods and services, not on income or profits. These taxes are collected by businesses, such as retailers or producers, who then pass the payments to the government. The ...

COLORADO SPRINGS — Small gun store owners in Colorado Springs say they are already feeling the impact of a new excise tax in Colorado. More than half of voters passed Proposition KK in November, which ...

"While we are still unsure on the final outcome, if confirmed, this will be a clear negative, as volumes will be impacted and ...

The 1 per cent remittance tax will apply to transfers made using cash, money orders or cashier's checks, affecting many NRIs ...

The new 24% wholesale marijuana tax is applied earlier in the supply chain and comes on top of the 10% excise tax and 6% ...