#tax-reform

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Why the ultra wealthy are renouncing their U.S. citizenship

Accidental Americans face surprising tax liabilities despite living abroad and seeking to disconnect from burdensome U.S. tax obligations.

Prop. M: SF voters asked to revamp the city's business taxes

Proposed tax reform in San Francisco aims to stimulate recovery by adjusting tax structures for businesses, favoring smaller businesses and large employers while challenging midsize companies.
#economic-policy
from Fortune
5 days ago
US Elections

'Sheriff of Wall Street' praises Kamala Harris as a 'fierce warrior' with the 'courage to take on the big banks'

Warren and Harris align on key issues like affordable housing, capital access, and taxing the wealthy more effectively.

Investment group calls on the Chancellor to introduce a 'tax lock in the Budget' for pensions - London Business News | Londonlovesbusiness.com

Concerns over potential pension tax changes are leading to significant shifts in saving behavior among customers.

How Wall St. Is Subtly Shaping the Harris Economic Agenda

Kamala Harris is adapting her economic policies based on feedback from Wall Street executives, emphasizing tax breaks for employee ownership.

But We're Dealing With the Real World Here': 60 Minutes' Bill Whitaker Presses Kamala Harris on Her Economic Plan

Kamala Harris plans to reform tax policies to ensure the wealthy pay their fair share, supporting middle-class economic growth.

How Trump Could Upend Taxation in America

Trump proposes a radical shift from income taxes to tariffs as U.S. tax revenue source.

How Trump Could Upend Taxation in America

Trump proposes a major overhaul of US tax system focusing on tariffs instead of income taxes.

'Sheriff of Wall Street' praises Kamala Harris as a 'fierce warrior' with the 'courage to take on the big banks'

Warren and Harris align on key issues like affordable housing, capital access, and taxing the wealthy more effectively.

Investment group calls on the Chancellor to introduce a 'tax lock in the Budget' for pensions - London Business News | Londonlovesbusiness.com

Concerns over potential pension tax changes are leading to significant shifts in saving behavior among customers.

How Wall St. Is Subtly Shaping the Harris Economic Agenda

Kamala Harris is adapting her economic policies based on feedback from Wall Street executives, emphasizing tax breaks for employee ownership.

But We're Dealing With the Real World Here': 60 Minutes' Bill Whitaker Presses Kamala Harris on Her Economic Plan

Kamala Harris plans to reform tax policies to ensure the wealthy pay their fair share, supporting middle-class economic growth.

How Trump Could Upend Taxation in America

Trump proposes a radical shift from income taxes to tariffs as U.S. tax revenue source.

How Trump Could Upend Taxation in America

Trump proposes a major overhaul of US tax system focusing on tariffs instead of income taxes.
moreeconomic-policy
#economic-policies
from www.theguardian.com
6 days ago
US Elections

Where do Trump and Harris stand on housing, taxes and other policies?

The economy will significantly influence voter decisions in the upcoming presidential election as candidates present contrasting economic proposals.

LGBTQ+ ally and billionaire Mark Cuban on why Harris is far and away better for the U.S. economy

Trump's economic speech lacked clarity and credibility, failing to offer feasible solutions.

Where do Trump and Harris stand on housing, taxes and other policies?

The economy will significantly influence voter decisions in the upcoming presidential election as candidates present contrasting economic proposals.

LGBTQ+ ally and billionaire Mark Cuban on why Harris is far and away better for the U.S. economy

Trump's economic speech lacked clarity and credibility, failing to offer feasible solutions.
moreeconomic-policies

UK R&D tax Budget stagnates over a decade - London Business News | Londonlovesbusiness.com

The UK needs to enhance its R&D tax credit scheme to remain competitive globally, as its budget growth is significantly lower than many OECD countries.

As Japan Election Looms, Political Parties Emphasize Need to Reform Crypto Tax Regulations

Japan's political parties are advocating for reform in crypto tax regulation leading to significant potential changes before the national elections.

Intuit asked us to delete part of this Decoder episode

Intuit's success is largely attributed to its strategic acquisitions and focus on software interoperability.
CEO Sasan Goodarzi defends the company's lobbying efforts to maintain U.S. tax complexity for business advantages.

Murphy Joins Cuomo, Brown to Condemn GOP Tax Plan

The GOP tax plan poses significant financial risks to high tax states by removing most of the SALT deduction, prompting strong opposition from Democratic governors.
#fiscal-policy

The Chancellor 'will raise 900 million' by 'doubling remote gambiling duty to 42%' - London Business News | Londonlovesbusiness.com

The report advocates for doubling the Remote Gaming Duty from 21% to 42% to generate significant revenue and address gambling-related harm.

Think tank urges Labour to consider inheritance and road pricing in budget proposals

The Resolution Foundation advocates major tax changes to tackle fiscal challenges, proposing increases to inheritance and capital gains taxes.

The Chancellor 'will raise 900 million' by 'doubling remote gambiling duty to 42%' - London Business News | Londonlovesbusiness.com

The report advocates for doubling the Remote Gaming Duty from 21% to 42% to generate significant revenue and address gambling-related harm.

Think tank urges Labour to consider inheritance and road pricing in budget proposals

The Resolution Foundation advocates major tax changes to tackle fiscal challenges, proposing increases to inheritance and capital gains taxes.
morefiscal-policy

Calls grow for Rachel Reeves to reform inheritance tax system to raise billions

Labour's shadow chancellor is urged to reform inheritance and capital gains taxes to address the UK's fiscal deficit.

Tax wealth and value public assets: how Reeves can solve her biggest budget challenges | James Smith

Chancellor Rachel Reeves faces a critical challenge to balance budgetary constraints with the goal of avoiding austerity.
#kamala-harris
from www.theguardian.com
4 weeks ago
US Elections

Kamala Harris faces 60 Minutes grilling over economic plans and whether Netanyahu is an ally'

Kamala Harris defended her economic strategies, asserting that raising taxes on billionaires is crucial for funding her initiatives.

Jamie Dimon has now been floated for a Treasury role by both parties

Kamala Harris is considering Jamie Dimon for a Treasury position, emphasizing the need for economic growth and fair taxation.

Kamala Harris faces 60 Minutes grilling over economic plans and whether Netanyahu is an ally'

Kamala Harris defended her economic strategies, asserting that raising taxes on billionaires is crucial for funding her initiatives.

Jamie Dimon has now been floated for a Treasury role by both parties

Kamala Harris is considering Jamie Dimon for a Treasury position, emphasizing the need for economic growth and fair taxation.
morekamala-harris
#donald-trump

Trump and Dems pound SALT deduction - but it did no harm to NY taxpayers

Trump's promise to restore the SALT deduction reflects a shift aimed at enhancing voter support in the upcoming elections.

Trump plan to nix taxes on tips concretely shows he's pro-working class

Donald Trump plans to stop taxing tips, benefiting service industry workers and making tax filing easier.

Trump and Dems pound SALT deduction - but it did no harm to NY taxpayers

Trump's promise to restore the SALT deduction reflects a shift aimed at enhancing voter support in the upcoming elections.

Trump plan to nix taxes on tips concretely shows he's pro-working class

Donald Trump plans to stop taxing tips, benefiting service industry workers and making tax filing easier.
moredonald-trump

Seven things we didn't know were coming before Budget 25 speeches

The Government introduced a mansion tax affecting homes over €1.5 million and various tax reliefs and reductions to improve fiscal efficiency and encourage economic growth.

What are the four candidates' pitches to become next Tory leader?

The Conservative Party's leadership race showcases candidates' diverse views on immigration and tax policies following the party's recent electoral defeat.
#rachel-reeves

Rachel Reeves could scrap non-dom tax raid, reports suggest

Concerns over tax reform plans for non-doms may lead to a significant overhaul before the 30 October budget.

Reeves could raise 10bn a year by reducing pension tax relief, report says

Radical pension tax relief reforms could raise £10bn annually and address public finance shortfalls, according to the Fabian Society.

Rachel Reeves could scrap non-dom tax raid, reports suggest

Concerns over tax reform plans for non-doms may lead to a significant overhaul before the 30 October budget.

Reeves could raise 10bn a year by reducing pension tax relief, report says

Radical pension tax relief reforms could raise £10bn annually and address public finance shortfalls, according to the Fabian Society.
morerachel-reeves

How a chance call from Lego was the building block that StoryToys needed

Irish digital sector needs innovative tax reform for sustainable growth.
Resilience is key for navigating the ups and downs of the digital industry.

Bill Gates says the rich would be a lot poorer if he set taxes - but banning billionaires isn't on his agenda

Bill Gates would make the wealthy about two-thirds poorer through tax reforms, yet he does not support outlawing billionaires like Bernie Sanders advocates.

E.U. Court Rules Against Apple in Case Over $14.4 Billion in Taxes Ireland Never Collected

The European Union's court ruling against Apple reinforces its stance on tax regulations and state aid, directly impacting multinational corporations.

Japans Financial Regulator Mulls Taxing Crypto as a Financial Asset

Japan's Financial Services Agency is considering taxing cryptocurrencies as financial assets rather than as ordinary income to potentially lower tax rates for high-earners.

Non-dom tax reforms could cost labour 1bn, warns Oxford Economics

Labour's non-dom tax reform could decrease UK tax revenue significantly as many high-net-worth individuals contemplate leaving the country.

UK electric car drivers should be charged per mile, say campaigners

Campaigners urge implementation of a pay-per-mile road charging scheme for electric cars to address a projected £5 billion tax revenue shortfall.

Billionaire Bill Ackman has an idea for getting the ultra-wealthy to finally pay a fair share of taxes

Bill Ackman proposes a tax on borrowing against stock for the ultrawealthy to address income inequality without stifling entrepreneurship.

Roseanne Barr, Kanye West, 16 Other Random Presidential Candidates In History

Bo Gritz's 1992 presidential campaign focused on creating a Christian nation and abolishing federal income tax, resonating with voters in conservative states.

It's Hard to Be a Leftist Leader in Colombia

President Gustavo Petro's presidency has been marked by ambitious reforms and notable challenges, highlighting the complexities of leftist leadership in Colombia.

Enforced disappearances' send a chill through Kenya's protests

Nationwide protests in Kenya against tax hikes have led to widespread violence, enforced disappearances, and significant civilian casualties, highlighting the struggle for fundamental rights.

What the US Can Learn From the French Left

France's New Popular Front (NFP) is a left-wing coalition pushing back against far-right nationalism with a comprehensive program aiming to improve public services and address economic disparities.

Dem lawfare erodes US credibility, everyone's taxes headed up and other commentary

Most Americans face tax hikes in 2026 due to 2017 Tax Cuts and Jobs Act expiration.

Business groups walk back claim about share of Canadians hit by capital gains changes | CBC News

Prominent business groups retract claim on capital gains taxation impact on Canadians.

Chicago Set To Vote on 'Mansion Tax'-and It Could Dent Demand in Ultrarich Neighborhoods

Chicago voters to consider 'mansion tax' for real estate deals above $1 million to combat homelessness.
Similar to LA, Chicago's proposed measure to reform real estate tax could impact commercial transactions and rental costs.

Biden's 2024 State of the Union: Letters to the Editor - March 11, 2024

President Biden delivered expected messaging in State of the Union speech, pointing fingers at previous administration and advocating for tax reform.
Republicans expressed outrage at specific incidents but criticized for lack of consistent outrage.

California State Controller Malia Cohen Wants Cap On Contract Deferrals Amid Concern Over Future Revenue

Shohei Ohtani's contract with the Dodgers includes unprecedented deferrals, with only $20 million paid over the 10-year deal.
The Dodgers used the savings from Ohtani's contract to sign other players, angering fans from other teams who believe it gives them an unfair advantage.

Biden Short-Circuits in Debate and Declares, We Finally Beat Medicare'

President Biden stumbled discussing national debt & tax reform during debate with former President Trump.

Ballot Measure to Overturn ULA Struck Down by Court

California Supreme Court blocked a measure overturning Los Angeles' tiered transfer taxes, affecting Measure ULA and multiple other initiatives in the state.

Why is Trump cozying up to America's most powerful business leaders? | Robert Reich

The Business Roundtable plans to invest heavily in protecting and strengthening tax reform initiated by Donald Trump's 2017 tax cuts.
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