#tax-breaks

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#consumer-spending

Start of GST/HST holiday gets mixed reception from GTA shoppers, businesses | CBC News

The GST/HST holiday may not significantly boost consumer spending, despite hopes from the food industry.

As GST break approaches, small businesses prepare for a tax holiday headache | CBC News

Small retailers are preparing for a chaotic GST holiday, balancing potential sales boosts against the complexities of tax compliance.

Start of GST/HST holiday gets mixed reception from GTA shoppers, businesses | CBC News

The GST/HST holiday may not significantly boost consumer spending, despite hopes from the food industry.

As GST break approaches, small businesses prepare for a tax holiday headache | CBC News

Small retailers are preparing for a chaotic GST holiday, balancing potential sales boosts against the complexities of tax compliance.
moreconsumer-spending
from Los Angeles Times
1 week ago

After reducing deficit, Newsom proposals bring extra costs to California

California is facing potential budget challenges despite recent higher-than-expected tax revenue and higher spending proposals from Governor Newsom.
#job-creation

The Daily Dirt: Real estate's Grim REAPer

Tax breaks like REAP require thorough evaluation of effectiveness before renewal to ensure they induce necessary investment or job creation.

Louisiana's LNG terminals cost taxpayers $7 million for every person they employ

LNG terminals' tax breaks lead to community health issues and significant economic losses.

The Daily Dirt: Real estate's Grim REAPer

Tax breaks like REAP require thorough evaluation of effectiveness before renewal to ensure they induce necessary investment or job creation.

Louisiana's LNG terminals cost taxpayers $7 million for every person they employ

LNG terminals' tax breaks lead to community health issues and significant economic losses.
morejob-creation
#puerto-rico

See inside this 6-bedroom seaside mansion in Puerto Rico that just sold for $20 million

Puerto Rico's luxury real estate market is thriving due to an influx of wealthy mainlanders attracted by significant tax incentives.

The crypto founder who didn't save Puerto Rico after all | TechCrunch

Tax breaks in Puerto Rico aimed at attracting crypto entrepreneurs had little impact on the economy.

See inside this 6-bedroom seaside mansion in Puerto Rico that just sold for $20 million

Puerto Rico's luxury real estate market is thriving due to an influx of wealthy mainlanders attracted by significant tax incentives.

The crypto founder who didn't save Puerto Rico after all | TechCrunch

Tax breaks in Puerto Rico aimed at attracting crypto entrepreneurs had little impact on the economy.
morepuerto-rico
#portugal

How Europe is fighting brain drain as talent goes north

Portugal's government aims to retain young talent with proposed tax breaks and housing assistance, but skepticism remains about their effectiveness.

Portugal proposes decade of tax breaks for the young to stem brain drain

Portugal proposes a progressive tax break for young workers to reduce brain drain and encourage them to stay.

How Europe is fighting brain drain as talent goes north

Portugal's government aims to retain young talent with proposed tax breaks and housing assistance, but skepticism remains about their effectiveness.

Portugal proposes decade of tax breaks for the young to stem brain drain

Portugal proposes a progressive tax break for young workers to reduce brain drain and encourage them to stay.
moreportugal
#kamala-harris

Harris to unveil economic agenda that would crack down on 'price gouging' on food, groceries

Kamala Harris is promoting economic proposals aimed at reducing costs for Americans, including tax breaks and measures to combat price inflation.

Here's what a Kamala Harris administration could mean for your wallet

Taxes and federal budget deficit key issues for Kamala Harris' platform.

Harris fires back against Trump's economic attacks with proposals for tax cuts and populist policies

Harris proposes economic policies to lower living costs and provide financial relief to voters, countering criticism from Republicans.

Harris, pressed on how she'd get economic plan through Congress, suggests there might be a path

Kamala Harris believes she can pass her economic policies even with Republican opposition.

Harris to unveil economic agenda that would crack down on 'price gouging' on food, groceries

Kamala Harris is promoting economic proposals aimed at reducing costs for Americans, including tax breaks and measures to combat price inflation.

Here's what a Kamala Harris administration could mean for your wallet

Taxes and federal budget deficit key issues for Kamala Harris' platform.

Harris fires back against Trump's economic attacks with proposals for tax cuts and populist policies

Harris proposes economic policies to lower living costs and provide financial relief to voters, countering criticism from Republicans.

Harris, pressed on how she'd get economic plan through Congress, suggests there might be a path

Kamala Harris believes she can pass her economic policies even with Republican opposition.
morekamala-harris

Nassau IDA awards tax breaks to revive Woodbury office

Nassau County awarded tax breaks to revitalize a vacant Woodbury office building as a response to remote work trends impacting occupancy rates.
from www.nytimes.com
2 months ago

Trump Pitches New American Industrialism' and Luring Foreign Manufacturing

Trump aims to revitalize U.S. manufacturing with tax breaks, low regulatory barriers, and incentives to attract international companies back to America.

Data centers demand a massive amount of energy. Here's how some states are tackling the industry's impact.

Data center industry growth threatens Washington's carbon emissions goals, sparking energy grid concerns in various states.

This is F*cking Idiotic': Dave Portnoy Slams Moron' JD Vance for Comment About Parents Paying Lower Taxes

Founder Dave Portnoy criticizes JD Vance's tax breaks for families, calling him a moron.
#donald-trump

"He ripped off the tax system": IRS audit could cost Trump more than $100 million

Former President Trump used questionable accounting methods to claim tax breaks, potentially facing over $100 million in taxes.

Alleged deal' offer from Trump to big oil could save industry $110bn, study finds

Big oil companies stand to save $110bn in tax breaks if Trump returns to office.

"He ripped off the tax system": IRS audit could cost Trump more than $100 million

Former President Trump used questionable accounting methods to claim tax breaks, potentially facing over $100 million in taxes.

Alleged deal' offer from Trump to big oil could save industry $110bn, study finds

Big oil companies stand to save $110bn in tax breaks if Trump returns to office.
moredonald-trump

States rethink data centers as electricity hogs' strain the grid

State Senator reevaluates tax breaks for data centers impacting clean energy supply, considering implications for climate goals and electricity demand.

New York Local News Orgs to Get Tax Break, First in Nation

Local news organizations in New York are set to receive tax breaks to support the employment of journalists, highlighting the importance of independent journalism for democracy.

NYC pols urge Albany to OK tax break for 'green' mandate that could cost co-op, condo owners $20K

Co-op and condo owners are urging for tax breaks over new 'green' mandates.
The mandate aims to curb greenhouse gas emissions by a significant percentage by 2050.
#deficit-reduction

Biden's budget includes tax breaks for families, hikes for the wealthy

Biden released a budget proposal focusing on tax breaks, lower health costs, smaller deficits, and higher taxes on the wealthy. The proposal aims at potential future changes post-election if Democrats win.

Biden's budget proposal for a second term offers tax breaks for families and lower health care costs

Biden's budget proposal includes tax breaks for families and increased taxes on the wealthy and corporations.
Deficits could be reduced by $3 trillion over a decade, with $4.9 trillion in tax revenue increases and $1.9 trillion funding various programs.

Biden's budget includes tax breaks for families, hikes for the wealthy

Biden released a budget proposal focusing on tax breaks, lower health costs, smaller deficits, and higher taxes on the wealthy. The proposal aims at potential future changes post-election if Democrats win.

Biden's budget proposal for a second term offers tax breaks for families and lower health care costs

Biden's budget proposal includes tax breaks for families and increased taxes on the wealthy and corporations.
Deficits could be reduced by $3 trillion over a decade, with $4.9 trillion in tax revenue increases and $1.9 trillion funding various programs.
moredeficit-reduction
#protest

Columns of tractors gather in Berlin for the climax of a week of protests by farmers

Farmers in Germany are protesting against a plan to scrap tax breaks on diesel used in tractors.
The protests have tapped into wider discontent with the German government's handling of various issues.

Photos: Greek farmers drive tractors to parliament to demand financial help

Farmers in Greece protest against high production costs, demand tax-free fuel, debt forgiveness, and compensation for damage from natural disasters.
Protesters in Athens with brightly colored tractors demand substantial reductions in electricity costs and criticize substantial markups in shelf prices.

Columns of tractors gather in Berlin for the climax of a week of protests by farmers

Farmers in Germany are protesting against a plan to scrap tax breaks on diesel used in tractors.
The protests have tapped into wider discontent with the German government's handling of various issues.

Photos: Greek farmers drive tractors to parliament to demand financial help

Farmers in Greece protest against high production costs, demand tax-free fuel, debt forgiveness, and compensation for damage from natural disasters.
Protesters in Athens with brightly colored tractors demand substantial reductions in electricity costs and criticize substantial markups in shelf prices.
moreprotest

Tax Break Scandal Leads to $5 Million Fine for N.J. Energy Company

Holtec International, a business tied to George Norcross III, has agreed to pay a $5 million penalty after a criminal investigation into tax breaks the company was awarded.
The fine allows Holtec officials to defer criminal charges linked to a fraudulent 2018 application for tax credits.
New Jersey's attorney general emphasized that the state will hold businesses accountable for lying for financial gain.
#new-york-city

Hochul demands lawmakers sign off on Adams' housing plan: 'Let them build!'

Gov. Kathy Hochul is pushing for the approval of a plan to build 500,000 new homes and apartments in New York City to address the housing shortage.
Hochul's plan includes reviving a tax break program for developers, creating a similar program for office tower conversions, repealing a state law on building height, and streamlining environmental reviews for housing projects.

Do Housing Developers Need a (Tax) Break?

The 421a program, which provided tax breaks for developers, expired in 2022, leading to a fight over its replacement.
The program was important for the construction of rental buildings in New York City, but now the focus is on building affordable apartments for moderate- and lower-income residents.

Hochul demands lawmakers sign off on Adams' housing plan: 'Let them build!'

Gov. Kathy Hochul is pushing for the approval of a plan to build 500,000 new homes and apartments in New York City to address the housing shortage.
Hochul's plan includes reviving a tax break program for developers, creating a similar program for office tower conversions, repealing a state law on building height, and streamlining environmental reviews for housing projects.

Do Housing Developers Need a (Tax) Break?

The 421a program, which provided tax breaks for developers, expired in 2022, leading to a fight over its replacement.
The program was important for the construction of rental buildings in New York City, but now the focus is on building affordable apartments for moderate- and lower-income residents.
morenew-york-city

What's in the New Tax Deal?

Bipartisan tax legislation is being debated in Congress, offering an opportunity for both parties to claim wins.
The legislation aims to expand the child tax credit, making it more generous and refundable for qualifying families.

German tractors clog Berlin as farmer protests reach climax DW 01/15/2024

Thousands of German farmers protested in Berlin against plans to end tax breaks on diesel fuel for the agricultural sector.
Central to the dispute is the government's plan to phase out tax relief on agricultural diesel rather than abolishing them all at once as initially planned.

Labour considers non-dom tax plan that would raise 1bn less than initial pledge

Labour's plans to scrap non-dom tax breaks would raise about a billion pounds less than previously claimed.
Labour is considering a four-year grace period for those with non-dom status before they pay full UK tax.

To Lure FIFA, France Floats the Promise of a Tax-Free Home

French lawmakers are voting on a plan to offer tax benefits to international sports bodies that relocate to France
The tax breaks are seen as an attempt to lure FIFA, the world soccer governing body, to move its headquarters from Switzerland to France

Charitable tax breaks: How London businesses benefit from donations - London Business News | Londonlovesbusiness.com

London businesses can benefit from tax breaks by making charitable donations.

Portugal brings back tax breaks for foreigners in bid to woo digital nomads

Portugal plans to reintroduce tax breaks for foreign workers, aiming to attract skilled individuals and stimulate the economy.
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