#fiscal-risk
#fiscal-risk
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fromLondon Business News | Londonlovesbusiness.com
1 month agoThe top 1% pay a third of income tax and capital gains tax - London Business News | Londonlovesbusiness.com
The top 1% of taxpayers are responsible for around a third of the total paid in Income Tax and Capital Gains Tax (CGT), new data from Wealth Club, the UK's largest non-advisory investment service for tax-efficient and private market investments, shows. Its Freedom of Information request to HMRC found 500,000 individuals paid £93.828 billion in income tax and CGT in the 2023/24 tax year equivalent to 33% of the total £288.5 billion raised.
UK politics
fromReal Estate News & Insights | realtor.com
1 month agoFederal Debt Will Drive Mortgage Rates Up Unless AI Productivity Saves the Day, Larry Summers Says
One scenario is that growth continues more or less as it has for the last 20 years. If so, the current federal fiscal trajectory is unsustainable,
US politics
US politics
fromLondon Business News | Londonlovesbusiness.com
1 month agoDow Jones faces short-term correction - London Business News | Londonlovesbusiness.com
Market caution from the U.S. government shutdown and delayed economic data is weakening investor conviction and pressuring the Dow amid uncertain Fed policy.
Los Angeles
fromLos Angeles Times
2 months agoL.A. backs $2.6 billion Convention Center expansion, amid major warnings about the cost
Los Angeles City Council approved a $2.6 billion Convention Center expansion to spur downtown revival despite advisers' warnings about long-term fiscal and timing risks.
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