tax-revenues

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www.thelocal.fr
2 days ago
France politics

OPINION: France been in denial for decades about its 'magic money tree' spending

Free medical transport services in France are significant and costly, benefiting many patients, especially in rural areas.
French state deficit grew due to reduced tax revenues, impacting President Macron's promises and plans for the budget.
New York Post
4 weeks ago
NYC politics

Hochul demands Google, Meta stop promoting illegal NY pot shops

Tech companies urged to stop promoting illicit weed dealers on their platforms
Licensed cannabis industry calls for crackdown on unlicensed marijuana shops promoted online
www.aljazeera.com
1 month ago
Black Lives Matter

Norway to help transfer tax funds frozen by Israel to Palestinian Authority

Norway to help transfer tax revenues to PA
Israel froze funds meant for Palestinians in Gaza
California
San Jose Inside
3 months ago
California

Economic Reality Bites as Newsom Faces Big California Budget Problem

California's tax revenues are running behind expectations, creating a budget problem for the state.
The economic downturn and rising unemployment are contributing to the fiscal challenges in California.
ABC7 San Francisco
3 months ago
California

California's nonpartisan legislative analyst says state faces record $68 billion budget deficit

California is facing a $68 billion budget deficit due to lower than expected tax revenues.
The deficit comes from lower tax revenues caused by delayed tax filings and economic factors like inflation and layoffs in the tech sector.
The Sacramento Bee
3 months ago
California

California's nonpartisan legislative analyst says state faces record $68 billion budget deficit

California is facing a $68 billion budget deficit due to lower than expected tax revenues.
The state may have to cut spending on education and use money from its savings account to balance the budget.
moreCalifornia
Chicago Tribune
9 months ago
Chicago

Editorial: Walking Man deserves justice, not the usual slow walk

"The Walking Man," real name Joseph Kromelis, became a beloved symbol of Chicago simply by walking around downtown streets, minding his own business.With his mop of hair, bushy mustache and worn-out but sharp attire, he inspired urban legends about his origins.Eccentric billionaire?Famous musician?
Chicago Tribune
9 months ago
Chicago

Op-ed: Tax increases may be coming to Illinois by 2025

Gov. J.B. Pritzker and state lawmakers have recently been trumpeting the great financial shape of Illinois.Balderdash.And they know it.There will almost certainly be state tax increases by 2025.As a longtime student of Illinois budgets, I'll explain why, what should be done and what likely will be done.
Chicago Tribune
1 year ago
Chicago

4 things driving up Chicago property tax bills

Tax bills are landing in mailboxes across Cook County - you can also find yours online - meaning home and business owners will finally know how much of the county's $16.7 billion bill they'll be picking up.That overall figure is about 4% higher than last year.In its annual analysis of all 1.8 million bills, Treasurer Maria Pappas' office - the one that sends those bills out - sought to identify what was driving those taxes up.
www.mercurynews.com
10 months ago
San Francisco

S.F. and Oakland are eyeing big deficits. Why not San Jose?

Some of the Bay Area's largest cities are facing truly eye-popping budget deficits.San Francisco is projecting a $290 million shortfall.Oakland, short by $177 million, isn't faring much better.But down south, the outlook is a bit sunnier.San Jose is reporting a $35.3 million surplus.Why such a divergence?
the Guardian
1 year ago
World news

Market response to Australia's new Labor government will be 'muted', economists say

Labor's incoming government faces a number of economic problems from rising inflation to slowing economic growth, but economists and ratings agencies say those potential storms can be weathered and markets will take it in their stride.
www.independent.co.uk
1 year ago
UK news

Incoming first minister set immediate priorities by Reform Scotland

Scotland's incoming first minister must take urgent action on the economy, education, net-zero and health, a leading think tank has said.Reform Scotland has set out four immediate priorities for Nicola Sturgeon's replacement, as the SNP leadership race draws to a close.Humza Yousaf, Kate Forbes or Ash Regan will officially take up the post on Tuesday.
www.theguardian.com
1 year ago
UK politics

The Guardian view on Britain's missing workers: they may never come back | Editorial

As the UK sidles gingerly past the pandemic, a big mystery looms.Where have all the employees gone?Unemployment is around its lowest level since 1974 and well over a million positions are vacant.There are plenty of jobs to help offset those eye-watering fuel and grocery bills yet, since Covid hit these shores, 565,000 Britons have dropped out of the workforce.
www.thelocal.de
1 year ago
Public health

Record sick leave' cost Germany billions of euros in 2022

To combat the steep cost of care, the German Health Ministry is planning to increase monthly contributions to the care insurance fund, according to media reports.Published: 24 February 2023 12:26 CET According to a draft law seen by DPA and reported on by other media outlets on Friday, contributions could increase by 0.35 percent as of July 1st, 2023.
www.cbc.ca
1 year ago
Toronto

Health-care system 'hasn't been delivering' as it should, Trudeau says ahead of funding talks | CBC News

Updated story here: The prime minister as presented the premiers with a $196B health care plan with $46B in new spending Prime Minister Justin Trudeau said Tuesday he recognizes the strained health-care system needs a cash injection to help it overcome staffing issues, surgery backlogs and an acute shortage of family doctors.
www.theguardian.com
1 year ago
UK politics

Hunt appears to reject claims mini-budget cannot be blamed for financial turmoil

Jeremy Hunt has appeared to reject suggestions by his predecessor that the black hole in Britain's finances cannot be blamed on the short-lived Truss administration.In his first interview since he was sacked by Liz Truss, Kwasi Kwarteng revealed he had told the former prime minister to slow down with their 45bn programme of tax cuts.
www.theguardian.com
1 year ago
UK politics

UK government borrowing jumps to 20bn in September

Jeremy Hunt said he would do whatever necessary to bring down national debt as the latest official figures showed government borrowing jumped in September and debt interest payments hit a record high.
www.independent.co.uk
1 year ago
UK news

Liz Truss refuses to apologise for tax cut debacle at 7 minute press conference

Liz Truss has refused to apologise for problems created by her economic policies, after U-turning on yet more of her budget.
BBC News
1 year ago
UK politics

Tory leadership race: Tax cut pledges are unrealistic, says IFS

By Noor Nanji Business reporter, BBC News
The Institute for Fiscal Studies (IFS) said large, permanent tax cuts could add to pressures on the public purse as the economic outlook deteriorates.
BBC News
1 year ago
UK politics

Keir Starmer calls for extra tax on oil and gas producers

By Becky Morton Business reporter, BBC News
The cap - the maximum amount suppliers can charge for average use - is forecast to hit £3,582 in October and £4,266 in January.
www.theguardian.com
1 year ago
UK politics

Scotland may have to rethink free university places pledge, analysis shows

The Scottish government could be forced to reconsider spending pledges to provide free university places and free personal care for older people in light of a squeeze on payments from the UK Treasury over the next two years, according to analysis by the Institute for Fiscal Studies.The thinktank said the Scottish National party administration would face difficult trade-offs if it pursued plans to increase health spending and meet net zero climate targets from a budget adjusted for inflation that is on course to shrink.
www.theguardian.com
1 year ago
UK politics

The Tories' fiscal black hole' is a statistical fiction let's have a reality check | James Meadway

Today the new chancellor, Jeremy Hunt, will present a set of spending cuts that are widely expected to be a return to the grim days of George Osborne's reign.Eye-watering spending cuts and tax rises have been heavily trailed in the media.The chancellor, his government and their media outriders have justified this renewed attack on public services and economic prosperity by pointing at a huge and terrifying new celestial body: the fiscal black hole  which is alleged to have emerged in the public finances in the last month, and perhaps be as big as 60bn.
www.independent.co.uk
1 year ago
UK news

Deeply disappointing' gender pay gap has hardly changed, leading charity says

It is deeply disappointing the gender pay gap has scarcely narrowed in recent years, the UK's leading gender equality charity has warned.Fawcett Society, who analysed the latest data from the Office for National Statistics, said the mean hourly gender pay gap for full-time workers is currently 11.3 per cent, while it was 11.9 per cent last year, and 10.6 per cent in 2020.
www.theguardian.com
1 year ago
UK politics

Jeremy Hunt may still have to find 40bn of cuts as chancellor, say experts

Liz Truss's new chancellor, Jeremy Hunt, may still have to draw up spending cuts worth up to 40bn to convince markets the government can balance the books, experts warned after Friday's humiliating U-turn.
BBC News
1 year ago
UK politics

'Big and painful' cuts needed to fix budget, says IFS

With a weaker economy and promised tax cuts, there will be a large shortfall in revenue, the IFS predicts.
It calculates the government would have to spend £60bn a year less by 2026-27.
BBC News
1 year ago
UK politics

Welsh Secretary Robert Buckland switches his support from Sunak to Truss

Writing in the Daily Telegraph, Sir Robert said Ms Truss was the "right person to take the country forward".
www.cbc.ca
1 year ago
Toronto

Are you ready for Toronto's new vacant home tax? Deadline to declare is Feb. 2 | CBC News

Toronto residents who own an empty home will soon be taxed for it, as the city pushes forward with a fee it says will help increase housing supply and raise as much as $66 million a year.City hall's new vacant home tax will start in the new year and the deadline for all property owners in the city to declare whether their home is vacant or not is Feb. 2. The lone councillor who voted against the tax says he's already receiving complaints about the "heavy-handed" notices issued by the city to alert homeowners to the need to make a declaration.
www.independent.co.uk
1 year ago
UK news

UK tax revenues jumped by 85bn as Covid reliefs phased out OECD

UK tax revenues rose by 85.1 billion over the last financial year, according to figures from the Organisation for Economic Co-operation and Development (OECD).The global economic body found that total revenue from taxes across the UK rebounded to 775.6 billion over the year to March 2022, from 690.5 billion a year earlier.
The Independent
2 years ago
UK news

Nearly half of children living below 'acceptable standard' by April - report

Nearly half of children are expected to be living in families forced to "make sacrifices on essentials" by the start of the new financial year, new analysis suggests.
www.theguardian.com
1 year ago
UK politics

Hunt's budget is a big bang for the City, a damp squib for the country

Thursday's budget proved to be a red letter day for the City of London.In the moments after Jeremy Hunt delivered his perfumed message to the Square Mile, shares in all the big players, from HSBC to Legal & General, climbed back to where they had been before September's disastrous mini-budget.Bankers, fearing the worst for their bonuses in the days before the fifth financial statement of the year, could look forward to filling their savings accounts once again.
BBC News
1 year ago
UK politics

Bank of England warns the UK will fall into recession this year

But make no mistake, a forecast such as this, would mean a wrecking ball to the forecasts for government borrowing.Tax revenues would plummet, and spending would increase naturally.
the Guardian
2 years ago
UK politics

Looking for a giveaway from Sunak this week? Don't hold your breath...

oor old Rishi Sunak.Covid hit within weeks of him becoming chancellor.
amNewYork
1 year ago
Brooklyn

Across-the-board cuts will save NYC taxpayers $2.5 billion, help city ride out possible recession: Mayor Adams | amNewYork

Bracing for a possible recession in the years ahead, Mayor Eric Adams' administration announced Tuesday that its November Financial Plan will save the city a projected $2.5 billion over Fiscal Years 2023 and 2024 thanks to an array of agency cutbacks.Tuesday's cuts which impacted virtually every agency, first became public in September, when Adams' Budget Director Jacques Jiha sent a memo to each city agency head that instructed each of them to draw up plans for cutting  their Fiscal Year 2023 - the current fiscal year - budgets by 3% and for each of the next three years by 4.75%.
www.independent.co.uk
1 year ago
UK news

Warning to Kwarteng - delay in releasing plans could mean mortgage pain for millions

Delay in spelling out the goverment's tax-and-spend plans could pile hundreds of pounds onto millions of people's housing costs by making higher interest rates more likely, a senior Conservative MP has warned chancellor Kwasi Kwarteng.
Chicago Tribune
1 year ago
Chicago

Editorial: The great Illinois pension reckoning is drawing closer

Like many individual investors, public pension funds enjoyed a stretch of good returns over the last decade.
www.theguardian.com
1 year ago
Europe politics

Ireland has raked in billions from tech giants. But what if the golden goose flies the nest? | John Naughton

In 1958, a young Irish civil servant named Kenneth Whitaker surprised his political masters in Dublin with a 250-page document on which he and some of his colleagues in the department of finance had been covertly working for months.Its title, Economic Development, may have been deceptively bland, but its message was blindingly clear.
www.theguardian.com
1 year ago
Europe politics

Taking back control? It's the markets that are sovereign over Brexit Britain

If I had been a member of the Conservative and Brexit party eligible to vote in its leadership election  which thank the Lord I was not, sir  I should have marked my ballot paper none of the above.In a variation on Mark Antony's observation that the evil that men do lives after them, Boris Johnson and his Brexit have wreaked so much damage on the Conservative party that only Brexiters stood a chance of being elected.
the Guardian
2 years ago
Europe politics

Brexit didn't just cost us money: it deprived us of solidarity in a crisis

rexit was always going to be a geopolitical and economic disaster - a once-proud nation cutting off its nose to spite its face.
Boston.com
1 year ago
Boston

State to begin sending out billions in tax refunds this week

Local Taxpayers will receive their refunds over a six-week period beginning Tuesday.Many Massachusetts residents will soon have some extra cash in their bank accounts.The state is set to begin sending nearly $3 billion in excess tax revenue back to taxpayers this week, officials said.The rebates will be sent through direct deposit payments and physical checks starting on Tuesday, The Boston Globe reported.
www.cbc.ca
1 year ago
Canada news

What's behind the dramatic fiscal turnaround for most provincial governments? | CBC News

Canadians are feeling the pinch of higher prices these days.
But that isn't the case with provincial budgets.
hotair.com
1 year ago
San Francisco

San Francisco's sky high business taxes are a problem in the era of remote work

It's hard to feel much pity for the city of San Francisco but this SF Standard story suggests the city may be in some real trouble thanks to its high level of business taxes.
the Guardian
1 year ago
Education

The UN wants to educate children - it will succeed only if it feeds them first | Kevin Watkins

ore than 100 years have passed since social reformer Margaret McMillan fought for - and won - free school meals in Britain.
Washington Post
1 year ago
Business

Analysis | What Is the 'Special Debt' China Uses to Spur Its Economy?

China's government is cash-strapped with Covid-19, tax breaks and a property downturn pulling down income while spending keeps rising to pay for economic stimulus and containing virus outbreaks.
Bitcoin News
1 year ago
Business

Report: Pakistan Can Generate $90 Million Annually if It Introduces a 15% Tax on Crypto Transactions - Emerging Markets Bitcoin News

15% Crypto Tax
Cointelegraph
1 year ago
Business

Brain drain: India's crypto tax forces budding crypto projects to move

India's 30% crypto tax came into law on March 31 and was effective April 1, despite warnings from several stakeholders about its possible ill impact on the budding crypto industry.
The Berlin Spectator
1 year ago
Germany news

Germany: Bundesrat Approves 9 Euro Ticket, Sales to Start Tomorrow

Sofia, Bulgaria, May 20th, 2022 (The Berlin Spectator) - The 9 Euro Ticket is good news for tens of millions of Germans and residents of the Federal Republic with other citizenships.
Los Angeles Times
1 year ago
Los Angeles

Abortion, inflation and crime: How Newsom would spend record-setting California surplus

Gov. Gavin Newsom's $300.6-billion state budget proposal was sent to the California Legislature on Friday, a far-reaching plan to use a historic tax surplus to boost both government services and the size of the state's cash reserves.
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