Jump in aviation levies could hamper industry's net zero goals, warns IATA
(The Center Square) – Illinois legislators continue to consider tax increases on businesses heading into the final nine days of scheduled session. Conversations also continue about zeroing out Illinois’ grocery tax and whether local governments will get state taxpayer funds to offset losses to local coffers. Last week, Gov. J.B. Pritzker’s office told state agencies his proposed $1 billion in tax increases aren’t popular and to prepare for $800 million in cuts. Monday, Pritzker...
Based on a report by the National Post, Canada’s Revenue Agency (CRA) is actively searching for uncollected taxes on cryptocurrencies. The agency estimates that there is nearly $40 million in undeclared taxes related to digital currencies. Concurrently, Prime Minister Justin Trudeau is proposing an increase in capital gains taxes from 50% to 66% for any […]
Chautauqua County officials have announced tax foreclosure proceedings and the upcoming tax auction have been postponed until further notice. Officials said recent retroactive changes to tax foreclosure laws implemented by New York State are prompting a thorough review of existing legislation and necessitated adjustments to internal policies within the county government. As a result, property […]
Some 1.5 million workers, pensioners and welfare recipients must complete and submit their pre-filled tax return forms by 7 May.
Australian Tax Office seeks data from 1.2M crypto users for tax compliance. Cryptocurrencies are classified as taxable assets in Australia and capital gains tax applies. Global crackdown on crypto tax evasion has gained momentum, especially in Canada, Turkey, and the U.S. In a move aimed at enforcing tax compliance within the burgeoning crypto market, the […]
President Joe Biden's top economic advisor Lael Brainard is calling for higher taxes on the ultra-wealthy and corporations to pay for middle-class tax breaks.
Oil - A Global Tax Authored by Robert Burrows via BondVigilantes.com, Few commodities wield as much influence in the intricate web of global economics as oil. Oil is pivotal in driving economic growth and development as the primary energy source for transportation, manufacturing, and countless other sectors. However, beneath its surface lies a hidden truth: oil can act as a tax on growth, imposing significant costs on economies worldwide. The Economic Impact of Oil Prices Oil...
Democrats will use a misleading Congressional Budget Office report earlier this month to argue against extending 2017 tax cuts that jump-started the economy. Congressional Republicans would be wise to push back. Former Vice President Mike Pence is urging them to do just that, writing that failure to renew the tax cuts “would be disastrous for […]
Not since the 1935 earthquake has Helena, the home of state and federal government in Montana, been shaken quite this way. Every school levy on last Tuesday’s ballot was soundly rejected by voters. Why? Not because they don’t support education — but because our insanely high property taxes have left homeowners tapped out. Of course More
NEW YORK (AP) — The average taxpayer is getting a $2,852 refund, $75 more than last year, based on the most recent IRS data. So what should you do with that money? Experts generally advise putting it toward debt and savings, but, for many people, that’s unrealistic. A tax refund is typically the “biggest extra […]
The chancellor will accuse Labour opposite number Rachel Reeves of planning tax hikes to cover spending pledges