Finance News – Tax Hike
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Solar and wind industry faces up to $7 billion tax hike under Trump's big bill, trade group says
The proposed domestic spending legislation includes provisions that could significantly increase tax liabilities for renewable energy companies, potentially impacting their financi...
Read Full Article →Reeves promised oil industry ‘quid pro quo’ over windfall tax in private meeting
The chancellor indicated in a private discussion that increased taxation on energy firms would be balanced by government support through carbon capture and storage incentives.
Read Full Article →Sports betting stocks slide after Illinois lawmakers approve tax hike
Shares of companies involved in online sports wagering declined on Monday following the approval of increased taxation by Illinois legislators, impacting investor confidence in the...
Read Full Article →Trump eyes tax hike on wealthy—here’s how a 39.6% top rate compares to historic levels
A proposed increase in the top tax rate to 39.6% would impact high earners and could influence government revenue by aligning with or exceeding previous tax policies on the wealthy...
Read Full Article →Trump backs tax hike on rich, but says GOP 'should probably not do it'
Trump’s support for increasing taxes on wealthy individuals signals a departure from usual party views, potentially impacting legislative negotiations and financial policy decision...
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