Taxation

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    French PM plans new tax on people earning over 250,000 euros a year, Les Echos says

    French PM plans new tax on people earning over 250,000 euros a year, Les Echos says

    French Prime Minister Sebastien Lecornu is proposing new taxes on high-income individuals, those earning over 250,000 euros annually, to secure Socialist support for the 2026 state budget. The plan includes renewing a 'minimum tax' and targeting holding companies used for tax avoidance, aiming to raise 3 billion euros.

    Oman becomes first Gulf state to launch income tax in bid to reduce oil dependence

    Oman becomes first Gulf state to launch income tax in bid to reduce oil dependence

    Oman will introduce a 5% income tax in 2028 on high earners, becoming the first Gulf state to do so. The tax targets individuals with annual incomes exceeding $109,000, impacting roughly the top 1% of earners. This move aims to diversify revenue streams and reduce dependence on oil, potentially influencing other GCC nations to implement similar fiscal reforms.

    Real Estate

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    FHA loan access ends for H-1B visa holders and other non-permanent residents, squeezing them out of US housing market

    FHA loan access ends for H-1B visa holders and other non-permanent residents, squeezing them out of US housing market

    The US government has stopped insuring FHA mortgages for non-permanent residents, including H-1B visa holders, effective May 25. This policy change, aligning with broader immigration restrictions, means only citizens and permanent residents now qualify for these loans. The move significantly reduces non-permanent residents' access to homeownership, impacting entry-level housing markets.

    How Indians can look for their second home in Dubai

    How Indians can look for their second home in Dubai

    Dubai's property market attracts Indian investors. It offers tax-free policies and a secure legal system. The market shows rapid growth. Foreign buyers can gain high returns. Long-term investments are possible. Indians can navigate the market safely. They can secure investments in Dubai. Following the correct steps is important. Consulting licensed professionals is also important. Dubai's real estate is dynamic.

    Money

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    Why transparency in remittances is critical for Indian families funding global education

    Why transparency in remittances is critical for Indian families funding global education

    Indian families are losing millions on overseas education payments due to hidden fees and poor exchange rates. Traditional banks add markups and delays, costing families thousands annually. This money could fund tuition or living expenses. Innovative platforms offer transparency and speed.

    Sitharaman launches foreign currency settlement system in GIFT City

    Sitharaman launches foreign currency settlement system in GIFT City

    Finance Minister Nirmala Sitharaman launched a foreign currency settlement system in GIFT City to facilitate seamless, real-time transactions, boosting international trade and investment. This new infrastructure positions GIFT IFSC among global financial hubs like Hong Kong and Tokyo, enhancing liquidity and operational resilience for entities within the International Financial Services Centre.

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    IndiGo to start flights to Athens, from Mumbai & Delhi, in January next year

    IndiGo to start flights to Athens, from Mumbai & Delhi, in January next year

    IndiGo is launching new direct flights to Athens from Mumbai and Delhi. These services will begin in January next year. IndiGo will be the only Indian airline offering direct flights to Greece. The airline will use its new A321XLR aircraft for these routes. This expansion connects India to a popular European destination.

    More students use AI like ChatGPT to choose study destinations and programmes

    More students use AI like ChatGPT to choose study destinations and programmes

    Students are now using AI tools like ChatGPT to plan their overseas education. More than half of students use AI to choose where and what to study. While AI helps narrow down options, human guidance from counsellors and universities remains crucial for final decisions and applications. Education agents are now validating AI information and supporting students through the process.

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