A new UBS Global Wealth Report predicts a decline in the number of dollar millionaires in Britain by 2028, while the US and Taiwan are set to see significant increases. The report attributes the shift to factors like tax policies, global wealth trends, and the booming microchip industry in Taiwan.
Petrol pumps across Pakistan have shut down in a nationwide strike called by the Pakistan Petroleum Dealers Association (PPDA) over a new turnover tax introduced in the recent budget. The strike, which began on [Date], is a result of the PPDA’s dissatisfaction with the government’s response to their concerns about double taxation. Despite discussions with high-ranking officials, including the Chairman of the Federal Board of Revenue and the petroleum secretary, the government has not met the dealers’ demands. The PPDA chairman, Abdul Sami Khan, has stated that the strike will continue until the unjust turnover tax is withdrawn.
Online food delivery platform Zomato has been hit with another GST demand notice, this time for Rs 9.45 crore from the Karnataka tax authorities. This comes after similar notices from Delhi in recent months, raising concerns about the company’s tax compliance. Zomato, however, maintains its stance, claiming a strong case and plans to appeal the order.
