States will be able to force more people to pay sales tax when they make online purchases under a Supreme Court decision Thursday that will leave shoppers with lighter wallets but is a big financial win for states. Consumers can expect to see sales tax charged on more online purchases — likely over the next year and potentially before the Christmas shopping season — as states and retailers react to the court's decision, said one attorney involved in the case. The Supreme Court's 5-4 opinion Thursday overruled a pair of decades-old decisions that states said cost them billions of dollars in lost revenue annually. The decisions made it more difficult for states to collect sales tax on certain online purchases, and more than 40 states had asked the high court for action. Five st...
At 92 years of age, Britain's beloved Queen Elizabeth is in a league of her own when it comes to income. Her earnings add up to 2,660.4 times the per capita GDP of the United Kingdom. Sounds like a lot, but if the queen's salary were equally distributed across Great Britain and Northern Ireland, each citizen would only get £1.16, or $ 1.62 at current exchange rates, apiece.Sources: IG Group, Google/World BankLet's block ads! (Why?) Financial Advisor Hub
NEW DELHI: In a relief to over 44 lakh current and retired government employees and their families covered under the Central Government Health Scheme, the Supreme Court said on Friday that reimbursement cannot be denied to them even if they received treatment in a hospital not empanelled under the plan. The SC bench said “no fetters” could be placed on the rights of a government employee during his lifetime to get the best medical treatment and it was wrong to reimburse bills on the basis of rates fixed under CGHS in case the employee got treatment from a hospital which is not empanelled. “The right to medical claim cannot be denied merely because the name of the hospital is not included in the government order,” the bench said. “The real test must be the factum of treatment. Before any me
NEW DELHI: In a first of its kind order, the Supreme Court on Wednesday directed Unitech to pay litigation cost to home buyers who have succeeded before the grievance redressal commission in their lawsuit against the real estate major.A bench of Chief Justice Dipak Misra, Justice A.M. Khanwilkar and Justice D.Y. Chandrachud directed the real estate major to pay Rs 80,000 each as litigation cost to 39 flat buyers in one of the developer's projects.The court directed Unitech to pay the amount of the litigation costs within four weeks to buyers who have succeeded before the National Consumer Disputes Redressal Commission (NCDRC) in getting their principal amount and interest.Let's block ads! (Why?) Personal Finance News-Wealth-The Economic Times