Every presidential election brings with it a renewed debate on taxes: should tax rates be increased or decreased (which in turn forces economists to break out their textbooks to brush up on their Laffer curve definitions)? Traditionally, the question eventually boils down to one thing: what should the tax treatment of the "rich" be: should the wealthy pay more or less in taxes?
Posted by Mark F. Mendelsohn, Paul, Weiss, Rifkind, Wharton & Garrison LLP, on Monday, July 4, 2016 Editor's Note: Mark F. Mendelsohn is a partner at Paul, Weiss, Rifkind, Wharton & Garrison LLP. This post is based on a Paul Weiss client memorandum by Mr.
MUMBAI: Stating that GST will herald an economic integration of India, Finance Minister Arun Jaitley today slammed opposition Congress to stall progress of the country by preventing passage of the Constitution Amendment Bill. "The entire country will become one market and it will be an economic integration of India," Jaitley said launching three social security schemes here. Without naming Congress, he slammed those trying to stall the GST Constitution Amendment Bill in Parliament saying they were attempting to "stop progress of the country".
The success of Canada’s energy industry depends on overcoming challenges associated with environmentally responsible resource extraction and distribution.
The toughest task may not be physical. Highly sophisticated technology and a highly skilled energy-sector labour force are accomplishing things never dreamed of. The toughest challenges today may actually be those associated with gaining sufficient societal approval of necessary transport infrastructure like pipelines. These challenges are not going to go away on their own and must be faced head-on.