Latest news with #amendment
Fox News
3 days ago
- General
- Fox News
The Quiz #425
What amendment grants congress the power to levy a federal income tax? Find out with The Quiz! Play. Share. Listen with FOX News Radio Political Anchor Jared Halpern.
Yahoo
25-05-2025
- Politics
- Yahoo
Another fight over majority rule in Ohio? Republican leaders float the idea.
Republican leaders in Columbus are floating the idea of attempting to make it more difficult to amend the state constitution, a proposal that was defeated in 2023 by Ohioans.
RNZ News
07-05-2025
- Politics
- RNZ News
Equal Pay Amendment Bill debated under urgency
In parliament this morning, a controversial Equal Pay Amendment bill is being debated under urgency. The bill scraps all existing pay equity claims. Advocates who've worked for years on claims were blindsided by the government's lightning move yesterday. RNZ Political Editor Jo Moir speaks to Kathryn. Tags: To embed this content on your own webpage, cut and paste the following: See terms of use.
Yahoo
30-04-2025
- Politics
- Yahoo
Seth Meyers Panics at Figuring Out What ‘Trump 2028' Hats Might Actually Refer To
The Trump team is selling hats that read 'Trump 2028' on them, prompting many to worry that the president will try and defy the constitution and secure a third term in office. But Seth Meyers has a guess at what it actually means, which prompted him to panic a bit on Tuesday night. During his monologue on 'The Late Show,' the NBC host first brushed off the hats, specifically because it is illegal for anyone to serve more than two terms as president, consecutively or not. 'That's crazy, he can't run for a third term,' Meyers said. 'That would be — oh no.' At that, a photo of Donald Trump Jr. appeared onscreen, implying that perhaps 'Trump 2028' could actually be referring to the president's son making his first attempt at the office. Of course, Trump's allies have been floating the idea of a third term for months now. Back in March, former Trump advisor Steve Bannon outright said 'we're working on it,' and 'that people will say '[what is] the definition of a term-limit.'' The definition is clearly stated in the 22nd amendment, and in direct terms: 'no person shall be elected to the office of the president more than twice.' When asked directly about it himself this week, in a conversation with The Atlantic, Donald Trump once waffled, saying 'it would be a big shattering' and that 'maybe I'm just trying to shatter,' before also saying 'It's not something that I'm looking to do.' All that said, the actual landing page for the 'Trump 2028' hats has a description that reads 'Rewrite the rules.' And just a month ago, Trump refused to actually rule out attempting to circumvent the law for a third term. The post Seth Meyers Panics at Figuring Out What 'Trump 2028' Hats Might Actually Refer To | Video appeared first on TheWrap.
Business Recorder
22-04-2025
- Business
- Business Recorder
BHC declares: Agri income levy falls under provincial jurisdiction
ISLAMABAD: The Balochistan High Court has declared that agricultural income taxation falls under provincial jurisdiction and any consequences of delayed payments should be governed by provincial laws. The Acting Chief Justice of the Balochistan High Court has ruled in favor of the taxpayer, Khalid Hussain, in a legal dispute regarding the taxability of agricultural income under Section 111 and the exemption provided by Section 41 of the Income Tax Ordinance, 2001. On the behalf of taxpayer, the case was pleaded by Riffat Naeem Jan Advocate High Court, Karachi. Retrospective application from Jan 1: Agri tax will be levied from July 1 The case centered on whether the Federal Board of Revenue (FBR) had the authority to tax agricultural income, given its classification as a provincial matter. The Commissioner Inland Revenue argued that Hussain improperly claimed agricultural income as exempt and failed to pay taxes. Conversely, the taxpayer asserted that agricultural income falls under provincial jurisdiction, especially following the 18th amendment, and should not be taxed by FBR. A key contention involved the validity of notices and assessments. The Commissioner maintained that the notice issued under Section 122(9) sufficed and negated the need for a separate notice under Section 111 after amendments introduced in the 2021 Finance Act. Meanwhile, the taxpayer insisted that FBR cannot override the exemption granted under Section 41. The case originated when the Deputy Commissioner Inland Revenue issued an assessment order, creating a tax demand of Rs. 10,154,812. This order was upheld by the Commissioner Appeal IR but later overturned by the Appellate Tribunal Inland Revenue (ATIR), which ruled in favor of Hussain, emphasizing that agricultural income cannot be taxed by redefining Section The Commissioner then sought judicial review through a high court reference. The Balochistan High Court dismissed the Commissioner's appeal, citing precedents from the Supreme Court (CP 2447-L/2022) and Lahore High Court (ITR No. 61061 of 2022). The ruling reaffirmed that agricultural income taxation falls under provincial jurisdiction, and any consequences of delayed payments should be governed by provincial laws. This decision strengthens the legal position that FBR cannot tax agricultural income and reinforces the provincial government's exclusive authority over such taxation matters. Copyright Business Recorder, 2025
