Who Really Pockets India’s Russian Oil Windfall? India’s Russian oil imports tell a striking story in numbers. Over the past two years, India has been importing crude oil at discounts ranging from 25% to 50%, amounting to US$5–USUS$30 per barrel bel...

Who really pockets #India’s #RussianOil windfall?

Despite #oil being #deregulated on paper, RetailPrices are effectively administered

Govts prefer #HighPrices to secure steady #TaxRevenues, while OMCs justify margins by citing past under-recoveries on #LPGsubsidies
www.moneylife.in/article/who-...

Japan’s tax revenues likely hit record in fiscal 2024, Nikkei reports TOKYO (Reuters) -Japan’s tax revenues likely hit a record for a fifth straight year in the fiscal year that ended in March due to robust corporate profits and rising inflation, the Nikkei newspaper reported on Tuesday. The increase is likely to heighten calls among lawmakers to ramp up spending or cut tax ahead of an upper house election on July 20. Tax revenues for fiscal 2024 will likely total 75.2 trillion yen ($522.51 billion), up from 72 trillion yen in the previous year, the Nikkei said without citing sources. The amount exceeds an estimate made last November by 1.8 trillion yen, which is not enough to pay for about 3.5 trillion yen needed to fund the ruling coalition’s proposal to deliver blanket cash payouts. ($1 = 143.9200 yen)

Click Subscribe. #Japan #TaxRevenues #Fiscal2024 #EconomicGrowth #Nikkei

Newsom projects Trump tariffs will tear $16B from California budget The Newsom administration plans to lay blame for the budget morass at the president's feet.

#Tarriffs will cost the 4th largest #economy in the world #16Billion$ in tax revenue.

“These #factors had a #DirectNegativeImpact on #California #TaxRevenues beginning in 2025 & reversed the positive cash trends seen to date. Together, they result in a $16 billion #reduction in #EstimatedRevenue.”

Ireland anticipates lower corporate tax revenues in 2025 Investing.com -- Ireland’s corporate tax revenues for this year are predicted to be just under 28 billion euros ($31.8 billion), excluding back taxes related to Apple (NASDAQ:AAPL). This figure is lower than the nearly 30 billion euros projected in October of last year, according to a senior official on Tuesday. John McCarthy, Chief Economist at the Finance Ministry, informed a news conference that Ireland’s tax office, Revenue, has reported that several firms will be making smaller payments to the state this year on a one-off basis. In addition, the Finance Ministry has reduced its forecast for corporate tax revenues for 2026. The new estimate is 28.1 billion euros, down from the 30.3 billion euros predicted six months prior. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. Which stock should you buy in your very next trade? AI computing powers are changing the stock market. Investing.com's ProPicks AI includes 6 winning stock portfolios chosen by our advanced AI. In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. Which stock will be the next to soar?

Click Subscribe #Ireland #CorporateTax #TaxRevenues #Economy #Investing

Report: Federal funds for Idaho Medicaid expansion spurs $1.5 billion in economic output • Idaho Capital Sun As Idaho legislators consider Medicaid expansion repeal, extra federal funds supporting the program generated an economic ripple effect.

Federal funds for #Idaho #MedicaidExpansion spurs $1.5 billion in economic output, which in turn, boosted Idaho’s #TaxRevenues by almost $47 million. But Idaho #UnfreedomFoundation works tirelessly to ditch Medicaid Expansion.

World Bank expects India's fiscal deficit to shrink further amid rising tax revenues - Yes Punjab News India's fiscal deficit is set to shrink due to growing tax revenues, with strong GDP growth forecast. The World Bank report highlights economic resilience and fiscal stability.

World Bank expects India's fiscal deficit to shrink further amid rising tax revenues yespunjab.com?p=84315

#IndiaFiscalDeficit #WorldBank #TaxRevenues #EconomicGrowth #IndiaEconomy #FiscalPolicy #IndiaFinance #GlobalEconomy #TaxReforms #EconomicUpdates

Sour Real Estate Market Hits Paris Tax Revenues for 200 Million Euros France’s dismal real estate market has cost the city of Paris close to 200 million euros in lost revenues from property transfer taxes this year.

#France ’s dismal real estate market has cost the city of #Paris ~ 200m euros ($214.2 million) so far in 2023 in lost revenues from #property transfer #taxes , and the drop could reach as much as 300m euros for the full year.
#realestate #taxrevenues
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