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UK’s Reeves should go big on tax increases in November, think tank says
British finance minister Rachel Reeves should raise taxes by a lot in next month’s budget to exit the “Groundhog Day scenario” of…
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Tax
Business
Rachel Reeves says she is looking at tax rises ahead of Budget
Paul SeddonPolitical reporter , Joshua NevettPolitical reporter and Henry ZeffmanChief political correspondent Rachel Reeves has said she…
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GM takes a $1.6 billion hit as EV tax credit ends and it rethinks its strategy
General Motors said on Tuesday it would take a $1.6 billion charge in the third quarter as it reshapes its electric vehicle strategy…
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Newspaper headlines: 'White House anger over UK spy case' and 'Pensions tax raid'
60 minutes ago Share Save Share Save Sign up for our morning newsletter and get BBC News in your inbox. Related Internet Links Daily…
Business
Michigan creates additional marijuana tax to fund Whitmer's plan to 'fix the damn roads'
Michigan Gov. Gretchen Whitmer on Tuesday signed into law a new 24% tax on marijuana sales between producers and dispensaries, creating…
Business
Tesla sales surge to record on rush to snag US tax credit
The deliveries tally offers a preview of the earnings results the company will report Oct 22 Tesla reported a surprise increase in…
Business
The Download: RIP EV tax credits, and OpenAI’s new valuation
1 OpenAI has become the world’s most valuable startup Move aside, SpaceX. (Bloomberg $) + OpenAI is now valued at an eye-watering $500…
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EV tax credits are dead in the US. Now what?
Ultimately, it’s not terribly surprising that there are local effects around these policy changes. “The question is really how long this…
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Don’t Tax Innovation: The Patent ‘Wealth Tax’ Is a Terrible Idea
The administration’s proposed fee based on patent value is not only bad policy; it is unconstitutional. Source link
Business
San Sebastian Creative Investors’ Conference: 7 Takeaways, From U.S. Tax Credit Hell to Europe’s Challenge of Scale and Ways Forward for Latin America
The third edition of San Sebastian’s Creative Investors’ Conference, co-organized with CAA Media Finance, wrapped Wednesday on a spirited…
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IRS says paper checks for tax refunds are being phased out starting next week: Here’s what to know
The Internal Revenue Service (IRS) will start phasing out paper tax refund checks on Tuesday, September 30. This change stems from an…
Business
Thailand to weigh tax on gold trades to slow baht rally
Officials are discussing ways to tax gold bought and sold through various online channels and settled in baht Thai authorities are…
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Who qualifies for the Treasury’s ‘no tax on tips’? The answer is complicated
Trump signed off on the “no tax on tips” deduction as part of his “Big, Beautiful Bill” legislation on July 4. But, while the provision…
Business
South Korea scraps plan to expand tax on stock investments
South Korean President Lee Jae-myung said on Thursday (Sep 11) he would not pursue plan to revise a capital gains tax on stock…
Business
Singapore collects S$88.9 billion in tax revenue in FY2024/25, 10.7% higher than in previous year
The increased collection is driven by robust economic growth and higher consumer spending The Inland Revenue Authority of Singapore (Iras)…
Business
Singapore’s tax revenue up 10.7% at S$88.9 billion in FY2024/25 on robust growth and higher consumption
Corporate tax takings rise 6.7% to S$30.9 billion and remain the largest contributor The Inland Revenue Authority of Singapore (Iras)…
Business
Singapore’s tax revenue up 10.7% at S$88.9 billion in FY2025 on robust growth and higher consumption
Corporate tax takings rise 6.7% to S$30.9 billion and remain the largest contributor The Inland Revenue Authority of Singapore (Iras)…
Business
TelevisaUnivision Warns Viewers YouTube TV May Pull Braodcast Channel From Main Tier, Accusing It of Levying ‘Hispanic Tax’
TelevisaUnivision has accused YouTube TV of “discriminatory” tactics in negotiations amid a dispute between to the two media companies…
Business
Rivian lays off hundreds of employees ahead of the end of EV tax credits
Rivian has laid off about 200 employees as the electric vehicle maker prepares for a U.S. economy with fewer incentives to go green. The…
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The Silent Tax Killing American Productivity
Every unnecessary delay, form, and regulation is a hidden tax on our most precious resource. Source link
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No tax on tips and overtime: Full list of 68 jobs eligible for the write-off under Trump’s Big Beautiful Bill
Tucked away among the 940 pages of President Donald Trump’s massive One Big Beautiful Bill Act (OBBBA) are an array of new tax write-offs,…
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Trump’s ‘no tax on tips’ policy is a win for influencers
What do a yoga instructor, a parking garage attendant, and an influencer have in common? They are all now exempt from paying income tax on…
Business
Angela Rayner at risk of fine over stamp duty, say tax experts
Billy KenberPolitics investigations correspondent Deputy Prime Minister Angela Rayner is at risk of a fine from the tax authorities in…
Business
UK house price growth slows amid property tax calls
Mitchell LabiakBusiness reporter, BBC News House price growth has slowed as calls grow for a reform of property taxes in the Autumn…