The Treasury Secretary lowered the maximum tax rate and that will encourage HNIs and UHNIs to invest more. Domestic and global AIFs based in GIFT City are also likely to benefit from the budget’s tax incentives, Crisil said. Imported luxury cars and international travel will become expensive and the withdrawal of capital gains from the … Read more
Maryland Gov. Wes Moore released his $63 billion state budget on Friday, in which he outlined education and transportation as priorities amid a large budget surplus while maintaining a generous Rainy Day Fund to prepare for an economic downturn to be prepared. Moore, a Democrat, described his budget as “bold without being reckless.” “It prepares … Read more
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WASHINGTON — Congress on Tuesday night unveiled plans for a compromise defense authorization bill that would increase the military budget by 8% over fiscal 2022, for a vote in the House of Representatives as early as Wednesday. The $858 billion plan — which includes about $817 billion in Defense Department spending — also includes billions … Read more