tax reform
New Trump-Era Tax Law Could Mean Larger Refunds for Many Filers
Americans filing their 2026 tax returns may find larger refunds and new savings opportunities due to the ‘One Big, Beautiful Bill Act,’ signed into law last year by President Donald Trump. Key changes include increased standard deductions, a quadrupled SALT…
Colombia Declares Economic Emergency Amid Congressional Budget Rejection
Colombia declares a 30-day economic emergency after Congress rejects a crucial funding law, aiming to stabilize the economy amid fiscal challenges.
Mark Carney’s First Federal Budget: Deep Cuts, Tax Reform, and Political Uncertainty
Prime Minister Mark Carney’s debut budget brings sweeping spending cuts, tax system changes, and ambitious investments—all under the shadow of a U.S. trade war and tense parliamentary negotiations.
Trump’s ‘No Tax on Tips’ Bill: What It Means for Workers and the Economy
President Donald Trump signed a new bill eliminating federal taxes on tips and overtime pay starting in 2025. While hailed as a relief for tipped workers, the bill has drawn criticism for its limited duration and broader economic trade-offs.
Universal Income Declaration in Armenia: A Critical Examination of Challenges and Implications
Armenia’s expansion of the universal income declaration system, initiated in 2024, represents a bold attempt to enhance transparency and broaden the country’s tax base. By 2025, this system requires a wide array of citizens, from salaried employees to public servants…