#taxation

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uk-economy
www.independent.co.uk
4 days ago
UK news

Next government will be forced to raise taxes for public services, experts warn

The winner of the next general election in the UK will likely need to raise taxes to maintain public services due to limited fiscal headroom for tax cuts. [ more ]
London Business News | Londonlovesbusiness.com
2 months ago
UK news

Scrapping the remittance basis of taxation will damage Franco-British relationships and the economy

Scrapping remittance basis of taxation could deter FDI from French entrepreneurs, affecting the UK economy.
The UK not having a wealth tax and allowing non-doms to shield investments could attract high-net-worth individuals from France. [ more ]
London Business News | Londonlovesbusiness.com
2 months ago
Growth hacking

The country needs a Budget for growth not for votes as 'the economy is flatlining'

The UK economy is 10% smaller than it should be, requiring a Budget for growth not votes.
Chancellor faces limited options, needing significant cuts to public spending or tax increases. [ more ]
moreuk-economy
California
Sacramento Bee
1 week ago
California

California Supreme Court will weigh removal of 'Taxpayer Protection Act' from ballot. Here's why

The California Supreme Court is considering whether to allow a ballot measure requiring voter approval for tax increases.
The 'Taxpayer Protection and Government Accountability Act' faces opposition from Democratic officials and labor leaders.
The initiative aims to make California more business-friendly by implementing stricter tax increase approval processes. [ more ]
Sacramento Bee
2 days ago
California

Gavin Newsom releases $288 billion revised budget for California. How he tackled the big deficit

California Gov. Gavin Newsom reveals a $28 billion budget deficit, proposing cuts without new taxes.
The actual deficit could be higher at around $45 billion due to omissions in the calculation process. [ more ]
Sacramento Bee
2 days ago
California

Gavin Newsom addresses state deficit in revised budget, proposing tackling 2-year budgets going forward

Newsom faces significant deficit in California's budget, aims to address without raising taxes. [ more ]
moreCalifornia
government-spending
ABC7 San Francisco
4 days ago
California

California Supreme Court to weigh pulling measure making it harder to raise taxes from ballot

The California Supreme Court is considering a measure that would make it harder to raise taxes, leading to a legal battle between the governor and business groups. [ more ]
San Jose Inside
2 days ago
California

Will California Supreme Court Knock Anti-tax Measure off November Ballot?

Proposition 13 initiated a perpetual conflict over tax money in California, with public unions pushing for changes while anti-tax groups resist. Recent ballot measures have shown conflicting outcomes. [ more ]
New York Post
1 month ago
NYC politics

NY Republicans betray taxpayers in favor of pricey union pensions

Pension costs in New York increased significantly from under $1 billion in 2000 to nearly $10 billion by 2010.
Creation of new pension tiers in 2010 and 2012, like Tier 6, resulted in substantial taxpayer savings of over $1 billion per year and will exceed $80 billion in total. [ more ]
www.mercurynews.com
2 months ago
Left-wing politics

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. [ more ]
moregovernment-spending
new-york
www.amny.com
2 weeks ago
New York City

New Jersey is telling its telecommuters to appeal their New York tax assessments and Connecticut might soon do the same | amNewYork

Some Connecticut and New Jersey employees question paying personal income tax to New York, leading to potential tax credit offers in home states. [ more ]
WRAL.com
2 weeks ago
NYC politics

New Jersey is motivating telecommuters to appeal their New York tax bills. Connecticut may be next

Employees of New York-based companies who telecommute are questioning paying personal income tax to New York, prompting states like New Jersey to offer tax credit incentives. [ more ]
New York Post
3 weeks ago
NYC politics

Albany's budget deal locks in an uglier future for New York

Gov. Hochul prevented new tax hikes, but the emergency tax remains, alongside a compromised budget deal impacting various sectors negatively. [ more ]
morenew-york
public-services
New York Post
3 weeks ago
NYC politics

New Yorkers get next to nothing for their high state taxes - Albany budget deal won't change that

New York state ranks poorly in economic outlook and services provided despite high taxes. [ more ]
www.independent.co.uk
2 months ago
UK news

Tell us if council tax is value-for-money as annual bills set to rise

Council tax in England set to increase by 4.99% in April, aiming to raise £2bn.
Council tax funds various essential services such as street lamps, libraries, and emergency services. [ more ]
morepublic-services
legislation
Sacramento Bee
1 month ago
California

Californians could receive tax breaks on all wildfire-related settlements under recent bills

Bills introduced to exempt Californians from paying taxes on wildfire settlement money have early support from lawmakers.
The proposed bills aim to provide tax relief for all wildfire victims and for settlements related to any natural disaster, but they face challenges due to the state's financial situation. [ more ]
www.engadget.com
1 month ago
Marketing

The Morning After: TikTok inches closer to a possible US ban

The bill could force a sale or ban on TikTok in the US.
Free speech and digital rights groups object to the bill, advocating for comprehensive privacy laws instead. [ more ]
morelegislation
www.nytimes.com
5 months ago
California

California Faces $68 Billion Deficit Amid Steep Revenue Decline

California is facing a $68 billion budget deficit due to a decline in revenue similar to that seen during the Great Recession and dotcom bust.
The state's reliance on taxation of capital gains and the personal income of high earners, along with the federal government's efforts to control inflation, are contributing factors to the budget deficit. [ more ]
www.mercurynews.com
1 day ago
Left-wing politics

Report: Trump may face a $100 million-plus tax bill if he loses IRS audit fight over Chicago tower

Former President Trump may face a hefty IRS bill of over $100 million due to alleged double-dipping on tax losses related to a Chicago skyscraper. [ more ]
Truthout
4 weeks ago
Left-wing politics

Here Are the 5 Key State Tax Trends to Watch This Year

States are adopting progressive revenue-raising policies to fund essential services and support low- and middle-income taxpayers. [ more ]
www.mercurynews.com
1 month ago
Left-wing politics

Letters: Perpetuating myth

High-income earners unfairly portrayed as overtaxed
Use of cherry-picked data in articles can mislead readers [ more ]
www.mediaite.com
1 month ago
Left-wing politics

Bernie Sanders Spars With Fox's Hillary Vaughn Over Proposed 32 Hr Work Week: Excuse Me!'

Sanders proposes a 32-hour workweek bill without pay reduction
Sanders emphasizes the need for fair taxation on billionaires [ more ]
www.nytimes.com
1 day ago
US Elections

Trump May Owe $100 Million From Double-Dip Tax Breaks, Audit Shows

Former President Trump may face a tax bill of over $100 million due to dubious accounting at his Chicago tower. [ more ]
Austin Monitor
1 week ago
Austin

Democrat-backed candidates sweep first Travis County appraisal election - Austin Monitor

Local Democratic candidates won seats on Travis Central Appraisal District's board, highlighting influence of party support in nonpartisan roles. [ more ]
Boston Condos For Sale Ford Realty
21 hours ago
Boston

Boston Condo Transfer Taxes May Harm Massachusetts Housing, Report Finds Boston Condos For Sale Ford Realty

Local option transfer taxes in Massachusetts may harm housing crisis, new taxes could reduce tax revenue and worsen housing problems. [ more ]
www.nytimes.com
1 week ago
New York City

How a Hidden' $1.4 Billion Tax Will Make N.Y.C. Water Bills Rise

Local governments face financial challenges; NYC plans to charge water board $1.4 billion in rent, leading to potential rate hike and service vulnerabilities. [ more ]
NBC10 Philadelphia
2 weeks ago
New York City

NJ offers telecommuting residents reward to successfully appeal NY income tax

Employees working from home for New York-based companies in New Jersey and Connecticut are questioning New York state tax, leading to state-level actions for tax credits and appeals. [ more ]
www.nytimes.com
2 months ago
New York City

Grown in Oklahoma, Smoked in New York: Illicit Marijuana's Legal Roots

Marijuana from legal Oklahoma farms smuggled to New York illicit market.
Interstate commerce restrictions and high taxes push legal businesses to illegal sales. [ more ]
London Business News | Londonlovesbusiness.com
1 week ago
Business

Labour needs to come clean on its business rates strategy

Labour's business rates strategy lacks clarity and concrete plans, raising concerns. [ more ]
Shopify
1 week ago
JavaScript

How To Get an EIN Number for Your LLC (2024) - Shopify

Forming an LLC offers flexibility and protection, but comes with specific responsibilities like obtaining an Employer Identification Number (EIN) for tax purposes. [ more ]
London Business News | Londonlovesbusiness.com
2 weeks ago
Cars

EV road tax warning, how much will you be paying?

Electric vehicle drivers are advised to prepare for new Vehicle Excise Duty charges starting April 2025. [ more ]
London Business News | Londonlovesbusiness.com
2 months ago
Cars

New car market records strongest month in 20 years

Strongest February in 20 years for new car market
SMMT urges for fairer taxation and easier public charging for EVs [ more ]
WWTI - InformNNY.com
3 weeks ago
NYC politics

New York State lawmakers pass 2024-2025 budget

Passage of 2024-2025 NY state budget with focus on housing, healthcare, and education without raising income taxes. [ more ]
New York Post
3 weeks ago
NYC politics

Hochul to announce preliminary agreement on $237B NY state budget

The New York state budget agreement includes a focus on increasing housing supply and controls on school and Medicaid funding. [ more ]
www.aljazeera.com
3 weeks ago
Canada news

Canada's Trudeau government asks rich to pay more in pitch to Gen Z

Canada proposes higher capital gains taxes and increased spending on education, housing, jobs, and mental health services to address key issues and gain voter support. [ more ]
www.cbc.ca
1 month ago
Canada news

CRA pausing new 'bare trust' reporting requirement just days before filing deadline | CBC News

CRA paused new bare trust reporting requirement days before deadline
Unintended impact on Canadians led to the pause of new reporting requirements for bare trusts. [ more ]
Above the Law
1 month ago
Law

Morning Docket: 03.20.24

Trump claims meeting bond requirement would require selling off real estate at 'fire sale prices.'
Subway franchisees hire lawyers to push back against fresh decor requirements. [ more ]
Above the Law
4 months ago
Law

Finance Docket: Supreme Court Case Could Torpedo A Future Wealth Tax

The Supreme Court case of Moore v. United States, which involves a $15,000 tax liability, could have broad implications for income taxation and the concept of a wealth tax.
The case raises the question of whether income must be 'realized' by a taxpayer before it can be taxed by the government. [ more ]
WSJ
5 months ago
Law

One Supreme Court Case Could Mess Up Chunks of the Tax Code

The Supreme Court will hear arguments in the case of Moore v. U.S., which challenges a provision in the 2017 tax law related to profits accumulated outside the U.S.
This case could have broader implications in defining what Congress can tax under the Constitution. [ more ]
ReadWrite
1 month ago
Cryptocurrency

Biden's tax plan sparks crypto industry backlash

Criticism of Biden's proposed 30% crypto mining tax
Bitcoin's value surge impacting other cryptocurrencies [ more ]
Coindesk
1 month ago
Cryptocurrency

Indonesia's Crypto Market Booms as Transactions Hit $1.92B in February

19 million crypto investors in Indonesia in February
Regulator attributes growth to positive market sentiments and bitcoin's price surge [ more ]
www.theguardian.com
1 month ago
UK politics

Lib Dems to open conference with call to copy Biden's tax on share buybacks

The Liberal Democrats are proposing a 4% tax on share buybacks by big corporations, inspired by Joe Biden's similar policy.
The tax on share buybacks aims to generate around 2bn annually, appealing to critics who view buybacks as inflating share prices at the expense of other investments. [ more ]
www.theguardian.com
2 months ago
UK politics

The Guardian view on the budget: plans to placate backbench critics, not meet the nation's needs | Editorial

Jeremy Hunt's austerity policies are not working, leading to higher taxes for millions and cuts to frontline services.
While appealing to wealthy taxpayers with tax rate reductions, Mr. Hunt's policies result in increased taxes for millions and neglect of essential services. [ more ]
www.theguardian.com
2 months ago
UK politics

Budget 2024: UK taxes head for highest level since 1948 despite Hunt's NI cut

Taxes in Britain at highest level since 1948
Chancellor aims to phase out NICs for employees and self-employed [ more ]
Chicago Sun-Times
2 months ago
Chicago

Chicago's search for new revenue focuses on video gaming, wealth taxes, heliport, downtown digital ads

The City Council subcommittee is considering new revenue ideas like video gaming, expanded helicopter service, and digital advertising. Freshman Ald. William Hall supports taxing salaries over $100,000 and assets of wealthy residents for a fair tax distribution. [ more ]
www.independent.co.uk
2 months ago
UK news

Calls for 10,000 citizen's inheritance' for all 30-year-olds

Proposing a 10,000 citizen's inheritance for 30-year-olds to address wealth inequality shifts between generations
Analysis shows millennials are set to inherit 1.5trn wealth, deepening current inequalities [ more ]
www.independent.co.uk
2 months ago
UK news

Cigarettes and vapes: How much more will the UK pay after the spring Budget?

Vaping products to have dedicated levy
Vaping and tobacco products to become more expensive [ more ]
www.thelocal.fr
2 months ago
France politics

PODCAST: Losing your French citizenship, energy ratings explained and is Monaco just for millionaires?

Mayotte is a major topic in French news this week, while the concept of droit du sol is also being discussed.
The absence of boulangeries in certain areas of France is being examined and possible solutions are being explored.
Monaco and France have a unique relationship, but differ in their approach to taxes. [ more ]
WSJ
5 months ago
Education

Opinion | Are You Sure You Want to Tax Churches?

Churches being taxed could have unintended consequences on public education and care facilities.
The current institutions may not be able to handle the increased load. [ more ]
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