Tweaking property investor taxes could save the federal budget billions and boost home ownership, even with exemptions for those operating under the old rules, analysis commissioned by two senators suggests. Independent senators David Pocock and Jacqui Lambie want changes to capital gains tax and negative gearing back on the agenda, commissioning an analysis on the […]
A bill that could ban TikTok is now all but certain to become law. The Senate approved a measure that requires ByteDance to sell TikTok or face a ban, in a vote of 79 - 18. The “Protecting Americans from Foreign Adversary Controlled Applications Act,” will next head to President Joe Biden, who has said he would sign the bill into law. While it’s far from the first effort to force a ban or divestment of the social media app, the bill managed to draw far more support than previous attempts. The...
Businesses consider several factors when deciding where to invest, and it’s no secret that one of the most important considerations is taxes.
The Senate approved a measure that will require ByteDance to sell TikTok or face a ban, in a vote of 79 to 18. The Protecting Americans from Foreign Adversary Controlled Applications Act next goes to President Biden. The president has already said he’ll sign the bill into law. (Yes, as predicted, I'm writing about this again.) TikTok has faced the ire of US politicians for a few years now, but this bill has picked up support across both political parties. It sailed through the House of...
What, they didn’t like ‘Who TF Did I Marry?’
The Arizona Senate passed a repeal of the state’s near-total ban on abortion Wednesday, capping a weekslong legislative scramble to respond to the state Supreme Court’s bombshell ruling that upheld the law from 1864. The bill, which the state House approved last week, will soon head to Democratic Gov. Katie Hobbs. She is expected to sign it into law Thursday afternoon. Two Republicans — Shawnna Bolick and T.J. Shope — joined all 14 Democrats in the narrowly divided Senate in approving a repeal...
The Senate passed a bill giving the social media platform's Chinese parent
In a 79-18 vote, the U.S. Senate voted to pass a package that included Ukraine aid, Israel aid, and other items even as the America's ever-expanding national debt is over $34 trillion. Two Democrats, independent Sen. Bernie Sanders, and 15 Republicans voted against passage, according to the Washington Post.The package now heads to President Joe Biden, who plans to sign it. — (@) Senate Majority Leader Chuck Schumer described the package as "one of the...
The bill gives Bytedance nine months to force a sale with a 90-day extension, which is effectively a year to complete the deal. © 2024 TechCrunch. All rights reserved. For personal use only.
In a new book, historian Andrew W Kahrl looks at the many systemic ways that prejudicial and harmful practices have affected financial stabilityProperty value assessment may not sound like the most thrilling of topics, but according to historian Andrew W Kahrl’s new book The Black Tax, it represents a hugely important piece of structural inequality in the US, one that implicates a wide range of topics, including the process of gentrification, the quality of public schools and other amenities,...
Togo's parliament has given final approval to a new constitution extending
By tying a potential TikTok ban to a bipartisan foreign aid deal, the bill