Finance News – Tax
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Canada Scraps Tax on US Tech Firms to Salvage Trade Talks
Canada’s decision to eliminate tariffs on American technology companies aims to improve economic relations and facilitate the progression of ongoing negotiations between the two co...
Read Full Article →Keep Tax Collectors at Bay with Muni Bond Funds
Investing in municipal bond funds can offer tax-exempt income and help protect purchasing power during inflationary periods, though it remains important to carefully evaluate the a...
Read Full Article →UK disposable income falls at fastest rate since 2023
Despite wage growth earlier in the year, higher taxes and inflation have reduced the amount of money individuals in the UK can spend or save, impacting overall financial stability.
Read Full Article →Canada drops tech tax to restart US trade talks
Canada's decision to pause the new levy targeting technology companies aims to prevent potential tariffs from the United States, impacting cross-border trade and economic relations...
Read Full Article →Canada rescinds Digital Services Tax after Trump cuts off U.S. trade talks
Canada’s decision to withdraw the tax on digital services follows the suspension of trade negotiations by the United States, potentially impacting cross-border economic relations a...
Read Full Article →Rachel Reeves must rethink how tax and spend decisions are made after welfare U-turn | Heather Stewa...
The recent welfare policy reversal highlights the challenges posed by rigid fiscal frameworks and limited flexibility, which significantly influence the timing and effectiveness of...
Read Full Article →What is Canada's digital services tax and why is it infuriating Trump?
Canada’s digital services tax imposes a levy on revenues from certain online businesses, prompting significant diplomatic tensions and contributing to the suspension of trade talks...
Read Full Article →Trump abruptly ends trade talks with Canada over tax on U.S. tech
The sudden halt in negotiations and potential additional tariffs could disrupt cross-border commerce and affect economic stability between the United States and Canada.
Read Full Article →Trump ends all U.S. trade talks with Canada over digital services tax
The cessation of trade discussions between the U.S. and Canada over the new levy on digital services could impact cross-border economic relations and influence future tax policies...
Read Full Article →The Trump administration moves to strip 'revenge tax' from GOP megabill
The administration’s decision to remove the controversial provision aims to alleviate investor concerns and potentially encourage greater foreign capital inflows into the American...
Read Full Article →Ask the Editor, June 27: Tax Questions on Disaster Losses, IRAs
This week’s editorial column addresses various tax-related inquiries, including those about disaster-related financial setbacks, retirement accounts, and specific payment methods,...
Read Full Article →Trump wants Canada's digital services tax gone before trade talks resume
The continuation of trade negotiations between the U.S. and Canada is contingent upon the removal of Canada's levy on digital companies, which is viewed as impacting cross-border e...
Read Full Article →Jeremy Hunt ‘made mistake’ in taxing non doms
The decision to eliminate the special tax status for non-domiciled residents resulted in increased government revenue by billions, impacting both tax policy and contributions from...
Read Full Article →91 millionaires paid no tax, ATO data reveals
In 2022-23, 91 Australians with incomes exceeding one million dollars did not contribute any tax, highlighting notable tax outcomes among the country’s wealthiest residents, partic...
Read Full Article →Indian politician calls for Bitcoin reserve pilot as US embraces BTC
A prominent Indian political figure has advocated for a trial Bitcoin reserve and clearer regulatory guidelines to address the country's current ambiguous taxation and oversight of...
Read Full Article →Sandwich or Confectionery? M&S strawberry sandwich raises VAT questions
The launch of M&S’s strawberry treat has sparked discussion about how it should be classified for tax purposes, potentially affecting the value-added tax applied to similar food it...
Read Full Article →Week in Business: Is the jobs market in crisis?
Rising operational costs and regulatory challenges are coinciding with a decline in entry-level employment and the growing impact of automation on skilled professions, affecting ov...
Read Full Article →'Back to the drawing board': ACT Greens won't support budget's health levy
The rejection of the proposed $250 health levy by the ACT Greens raises uncertainty about the budget’s revenue targets and may necessitate adjustments to funding allocations in hea...
Read Full Article →Have developed countries discovered the ideal corporate tax rate?
Many developed nations appear to have converged on a moderate corporate tax level near 25 percent, reflecting a significant shift toward harmonized fiscal strategies with substanti...
Read Full Article →Higher tax ‘inevitable’ as PM makes defence spending pledge
Increasing defence expenditure to a larger portion of the country’s economic output is likely to require additional revenue generation through taxation, according to economic analy...
Read Full Article →Why global imbalances do matter
Implementing a tax on capital inflows could influence international investment patterns and address disparities in global financial flows, potentially impacting economic stability...
Read Full Article →CRA’s online chat service becomes new source of complaints for Canadians struggling with wait times...
The limited number of trained personnel for the CRA’s new online chat service may impact its efficiency, potentially leading to increased costs associated with handling unresolved...
Read Full Article →India wants 30% of your crypto gains, but that’s not the worst part
India’s proposed 30% tax on cryptocurrency profits represents a substantial financial burden for investors, but additional regulatory complexities and compliance requirements may p...
Read Full Article →Bitcoin and Digital Asset Clarity Is Essential for Our Financial Future
Establishing clear and comprehensive regulations for digital assets is crucial to ensure secure transactions, proper taxation, and effective oversight, which collectively impact th...
Read Full Article →Trump's 'Revenge Tax': Are Jobs and Your Retirement Savings at Risk?
The proposed retaliatory tax targeting foreign investors has raised concerns among experts that it may negatively impact employment opportunities and the stability of retirement fu...
Read Full Article →Tax experts question Reform’s £250K non-dom plan
Financial analysts have expressed concerns that the proposed £250,000 flat tax for non-domiciled residents might lead to substantial reductions in government revenue, potentially r...
Read Full Article →UK services sector in ‘fragile recovery’ as employment fears linger
Despite growth in the UK services sector during June, increased taxes and reduced employment contributed to economic uncertainty, reflecting challenges that may influence business...
Read Full Article →Top private school faces job cuts after Reeves’ tax grab
The introduction of VAT on school fees by the Labour government has created financial challenges for a well-known private institution, potentially leading to reductions in staff to...
Read Full Article →The $1 Million Retirement Question: Are You Being Tax-Smart About Your Pension?
A financial advisor highlights important factors to consider when managing a pension for retirement and suggests four approaches to optimize tax efficiency and maximize long-term f...
Read Full Article →HMRC has ‘lost control’ of small businesses as missing tax hits 40%
A substantial portion of unpaid taxes originates from smaller companies, which represent nearly two-thirds of total outstanding revenue, indicating significant challenges in tax co...
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