#tax-policy

#tax-policy

A 2022 change to Serbia's Law on Personal Income Tax allows high-earners to pay up to half of their annual tax obligation into an AIF instead of into the state coffers. The government says that the aim was to stimulate investment. Critics say it significantly reduces the amount of tax paid by wealthy investors.

California will lose its most important taxpayers and net off much worse. Even people who don't expect this initiative to pass are still planning to leave because there will be another one. You're permanently reducing the tax base on an ongoing basis to get a one shot. That's what a junkie does, a one-time shot.

Property taxes around the U.S. have long been a lightning rod for debate, with political leaders perpetually balancing the need to fund their budget priorities against the risk of alienating homeowners and businesses. This week, for example, New York City Mayor Zohran Mamdani sparked an uproar by proposing to close a budget hole by sharply raising property taxes.

Existing policies are complex and expensive, and tweaking them could make a huge difference to people's pockets

If artificial intelligence eliminates millions of jobs, it might make sense to scrap income taxes for the vast majority of Americans and target capital instead, Vinod Khosla says. "AI will transform economies and need a rethink of capitalism & equity," the billionaire venture capitalist wrote in an X post on Monday. "Labor portion of economy (vs capital) will decline sharply. Should we eliminate preferential treatment of capital gains tax and equalize to ordinary income?"

A new report from the Tax Foundation, a nonpartisan think tank, found that the average tariff burden for U.S. households was $1,000 in 2025 and is expected to grow to $1,300 this year, effectively cancelling out any benefit from the tax cut and falling short of paying for them. Tariffs will raise a net $1.9 trillion between 2025 and 2034, the Tax Foundation estimates, but the cuts will reduce revenue by $4.1 trillion.

LDP looks set to secure 316 seats in Japan's 500-member house, marking its best result since its founding in 1955. Japan's Prime Minister Sanae Takaichi has promised to cut taxes and keep her cabinet intact as she celebrated her Liberal Democratic Party's (LDP) landslide victory in Sunday's general election. Takaichi's pledge on Monday came as projections by the NHK broadcaster showed the conservative LDP securing 316 seats in the 500-member National Assembly and winning a historic two-thirds majority in the lower house.

What we don't give credit to [are] these extremely successful entrepreneurs that create hundreds of 1000's of jobs in America...if not millions,

The comment comes as billionaires in the state have made public their intent to relocate elsewhere in the wake of the tax's proposal. Venture capitalist Peter Thiel, tech investor David Sacks, and Google co-founders Larry Page and Sergey Brin have all taken steps to leave. At the same time, billionaires are dishing out piles of cash to fund a campaign against the ballot initiative. Thiel made his biggest political contribution in years, donating $3 million to a California business group leading the fight against the billionaire wealth tax.

Anthropic CEO Dario Amodei has a grave warning for fellow AI titans who dismiss the public's concerns about AI. "You can't just go around saying we're going to create all this abundance, a lot of it is going to go to us, and we're going to be trillionaires, and no one's going to complain about that," Amodei told Axios in an interview. "Look, you're going to get a mob coming for you if you don't do this in the right way."