Tax Policy
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Bipartisan Film Tax Credit Proposal Faces Scrutiny Over Projected Billion-Dollar Price Tag
A bipartisan bill would introduce a federal film tax credit, but critics estimate the 10-year cost could reach $50 billion with limited net job growth.
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Sir Jim Ratcliffe Claims UK Is ‘On the Slide’ Amid Tax and Immigration Concerns
Manchester United owner Sir Jim Ratcliffe warns that high taxes and immigration are driving wealth out of the UK, calling for tougher political leadership.
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Record Diesel Refining Margins Prompt Congressional Proposal to Soften On-Road Fuel Rules
As U.S. diesel refining margins hit a record $102 per barrel, Congress introduced H.R. 10104 to allow cheaper dyed diesel on roads to curb trucking costs.
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US Treasury Secretary Bessent Visits Iowa to Review Working Families Tax Cuts
US Treasury Secretary Scott Bessent visited Des Moines to assess the impact of the Working Families Tax Cuts, which officially launched new children’s savings accounts.
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Missouri Voters Reject Amendment 5, Blocking Potential Tax Shift Favoring Wealthy
Missouri voters rejected Amendment 5, preventing lawmakers from potentially raising sales taxes to fund significant income tax cuts for the wealthiest residents. The.
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Denmark: EVs Account for Over 80% of New Car Registrations in July
Electric vehicles captured 80.2% of Denmark’s new car market in July, with private buyers opting for EVs in 97% of cases, according to Mobility Denmark.
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House Ways and Means Committee Probes Nonprofit Hospital Tax Exemptions
Lawmakers are scrutinizing nonprofit hospital tax exemptions, citing concerns that billions in subsidies are not yielding sufficient community benefits.
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Bernie Sanders Targets Microsoft Over Layoffs and Tax Policy
Senator Bernie Sanders criticized Microsoft’s recent layoffs and price hikes as evidence that corporate tax cuts fail to benefit American workers.
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Australian Treasurer Jim Chalmers Faces Backlash Over R&D Tax Policy and Administrative Failures
Australian Treasurer Jim Chalmers is under fire from the biotech sector over R&D tax changes and a high-profile administrative error involving a midwife’s refund.
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UK Tax Reform Proposals Signal Potential Shifts in Inheritance and Capital Gains
New UK tax proposals targeting inheritance and capital gains, including a controversial ‘exit tax,’ spark fears of capital flight and economic instability.
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HMRC Data Reveals UK Property Market Stagnation Amidst Regulatory and Economic Headwinds
Latest HMRC data shows a 3% decline in residential property transactions as the UK housing market faces structural delays, inflationary pressure, and impending tax changes.
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Global Capital Gains Tax Shifts Signal New Era for Investors
Governments worldwide are tightening capital gains tax policies to address fiscal needs, creating complex compliance hurdles for international investors.
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UK Budget 2026 Looms: Chancellor to Detail Key Economic Plans
The UK Chancellor of the Exchequer is set to present the 2026 Budget to Parliament on March 5, outlining expected tax changes, public spending, and economic forecasts.
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Mitt Romney’s Surprising Push to Tax the Rich: Debt Crisis Sparks GOP Debate
Former Senator Mitt Romney has called on the GOP to embrace higher taxes for wealthy Americans, marking a significant departure from his previous positions. His proposal aims to address the mounting national debt and looming threats to Social Security, sparking…
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IFS Accuses UK Budget of ‘Fiscal Fiction’ Amidst Backloaded Tax Rises and Spending Restraint
The Institute for Fiscal Studies has issued a stark warning over Chancellor Rachel Reeves’ latest Budget, describing its tax rises and spending plans as ‘fiscal fiction’ reliant on ambitious restraint and delayed pain until just before the next general election.