#tax-revenue

#tax-revenue

The city has been experiencing a structural deficit, projected to peak at nearly $2 million in 2029 or $6 million in 2035 due to growing pension liabilities and unfunded capital projects.

To fulfill the promise of AI, data centers have sprung up around the country, using water, land, and electricity to deliver computing power for the booming tech.

"Suisun City and Rio Vista, both small cities in Solano County, are considering annexing land from California Forever in an effort to broaden their tax bases."

The UK government's new company classification thresholds will cost the Treasury around £20m annually in lost tax revenue due to IR35 non-compliance, impacting thousands.

Nebraska’s efforts to legalize online sports betting, supported by voters and lawmakers, highlight potential revenue benefits and ongoing legislative challenges.

China's national government is facing a decline in tax revenue, impacting its ability to tackle significant economic challenges such as the housing market crash.

HMRC's inheritance tax receipts reached £7 billion, suggestive of continued long-term growth, particularly with rising property values driving more estates into tax liability.

Sir John Armitt emphasized that as revenue from petrol tax diminishes due to the rise of electric vehicles, a public debate on road pricing is essential to replace it, noting that more than 30 billion a year is at stake.