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The Latest Breaking News from GST

Michael Johnson to give back alleged $500,000 ‘secret’ payment from Grand Slam Track

Johnson is said to have advanced ‘millions’ while Grand Slam Track confirmed the former Olympic champion will return a disputed $500k ‘reimbursement’

The Independent UK

Michael Johnson was the king of track and field. Now Grand Slam Track’s collapse puts his reputation at stake

Fresh allegations that Johnson paid himself half a million dollars before paying creditors – claims which GST strongly denies – mark the latest ugly turn in a saga that threatens to destroy his integrity

The Independent UK

BBC Sport has no plans to use Michael Johnson on athletics coverage this year after Grand Slam Track disaster

Johnson, a regular studio analyst on the BBC’s athletics programmes, is facing legal action from creditors following the collapse of his Grand Slam Track venture

The Independent UK

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Michael Johnson accused of paying himself $500k amid collapse of his Grand Slam Track project

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The Independent UK

Michael Johnson accused of ‘secretly’ paying himself $500,000 as Grand Slam Track collapsed

A group of unsecured creditors are taking legal action against the athlete’s disastrous Grand Slam Track project

The Independent UK

Michael Johnson accused of taking $500,000 from debt-ridden track league

Michael Johnson has been accused of paying himself $500,000 (£372,000) just eight days before his Grand Slam Track project collapsed before the final event in Los Angeles

The Guardian - UK

World Athletics: 'Unconscionable' for bankrupt Grand Slam Track to look ahead before paying bills

Track and field’s international federation says it will only support future events held by the bankrupt Grand Slam Track league once its debts from the 2025 season are settled

The Independent UK

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The ‘crazy’ impact of Grand Slam Track bankruptcy on emerging US star

Grand Slam Track, an ambitious athletics league spearheaded by Michael Johnson, was declared bankrupt in late 2025

The Independent UK

Michael Johnson’s Grand Slam Track owes Josh Kerr $218,000, court papers reveal

Athletics stars including Kerr, Gabby Thomas and Sydney McLaughlin-Levrone are among Grand Slam Track’s top 20 creditors

The Independent UK

Grand Slam Track denies Michael Johnson earned $2m from scrapped series

Michael Johnson’s GST said it was ‘categorically false’ he had pocketed $2m from the series while his athletes were unpaid – and that he was facing losses

The Guardian - UK

Full pages for GST cheer, crores for newspapers: Tracking a fortnight of Modi-centric ads

A fortnight after the GST Council announced sweeping rate cuts on essentials and consumer durables, India’s top newspapers were awash with “thank you” notes. Full-page spreads and jackets from companies and trade associations crowded the front and back pages, while several ads carried oversized portraits of Prime Minister Narendra Modi…

Newslaundry

Dhanyavaad Modiji, for keeping independent journalism premium with 18% GST

Days after the GST cuts, India’s corporate bigwigs rushed to say thank you.

Newslaundry

If the economics of broadening or lifting Australia’s GST are challenging, the politics are horrendous

Labor is fundamentally opposed to changing the tax on consumption on the basis it hurts poorer Australians. And the worry about fairness is real

The Guardian - AU

Is there any hope for a fairer carve-up of the GST between the states?

When the Western Australian state government handed down its state budget on Thursday, it showed a balance sheet solidly in the black with a A$2.5 billion surplus. But, as it has for seven years, the state has received an outsized boost to its coffers from the federal government.

The Conversation

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The Guardian - AU

Victoria state budget 2025: treasurer uses public service cuts and GST windfall to fund cash splash

Labor’s 2025-26 budget includes more money for health, education and $2.3bn in cost-of-living measures

Dynamite News

Kerala: Three decomposed bodies found at Customs quarters

The deceased have been identified as Manish Vijay, Additional Commissioner of GST, his mother Shakuntala, and his sister Shalini. They were natives of Jharkhand. Read further on Dynamite News:

Newslaundry

Here’s why GST still isn’t ‘good and simple’ tax

The Narendra Modi government introduced the Goods and Services Tax in 2017, hailing it as ‘good and simple tax’. But the GST system remains complex. Eight years later, even the tax rates for essential goods are not simplified. In the 55th GST council meeting, Finance Minister Nirmala Sitharaman announced new…

Newslaundry

Gujarat journalist arrested in ‘GST scam’ case now booked for ‘possession of confidential files’

Mahesh Langa, a senior assistant editor at The Hindu, who has been in judicial custody in a case of alleged GST evasion since October 8, has now been booked for possession of documents related to the Gujarat Maritime Board, Indian Express reported.

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AAP

Doomsday prophecy over GST 'rip-off' fails to come true

Australia's most populous state has kept a key triple-A credit rating, sparing taxpayers the pain of covering potentially higher interest repayments.

The Guardian - AU

Morning Mail: credit rating fears for NSW after GST hit; Bendigo doctor’s supervision order suspended; Ukraine welcomes US aid

State’s treasurer says ‘absurd’ GST revenue split has taken more from NSW’s budget than Covid-19

The Hindu

GST collections up 12.54% in February

India's GST revenue in February 2024 hits ₹1.68 lakh crore, marking 12.54% growth, with 18.4 lakh crore collected this year.

The Hindu

L-G writes to CM Kejriwal for action against GST evasions

Delhi Lieutenant Governor V.K. Saxena wrote a letter to Chief Minister Arvind Kejriwal “advising” him to ask the Finance Minister to hold a detailed enquiry in alleged GST evasions

The Hindu

Tax collection on course to grow 3 times to over ₹19 lakh crore in 10 years of Modi Government

Tax collections likely to exceed ₹19 lakh crore in 10 years of Modi-led Government, providing more leeway for people-friendly tax measures.

The Guardian - UK

Indigenous people and climate justice groups say Cop28 was ‘business as usual’

Developing countries call agreement to transition away from fossil fuels ‘unfair’ and ‘inequitable’

Reason

No Fossil Fuel Phase-Out in COP28 Climate Deal

But perhaps the beginning of the end of era of fossil fuels?

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