Finance News – Taxes
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Charities ‘penalised’ by Rachel Reeves’ taxes
The increase in employers' national insurance contributions has raised operational costs for many charities, potentially reducing their available resources and affecting staff comp...
Read Full Article →Here’s when no taxes on overtime and tips, and other parts of Trump’s big bill, will kick in
Key provisions of the recent GOP tax and spending legislation will gradually take effect, impacting overtime earnings, tips, and other financial aspects for Americans over a schedu...
Read Full Article →Downing Street flirts with wealth tax despite exodus fears
The potential introduction of a wealth tax in the UK may impact high-net-worth individuals’ financial decisions, possibly increasing tax revenues while raising concerns about accel...
Read Full Article →Russia rolls out crypto mining equipment registry amid crackdown on illegal miners: report
The introduction of a registry for crypto mining devices aims to enhance regulatory oversight and improve tax collection from miners operating within the country.
Read Full Article →Reeves warns ministers tax rises are coming after loss of ‘low hanging fruit’
Chancellor Rachel Reeves indicated that increasing revenue through higher taxes may be necessary due to limited alternatives following policy reversals impacting government funding...
Read Full Article →Taxpayers on the hook for at least £1bn after Lindsey oil refinery closure
The closure of the Lindsey oil refinery may result in over £1 billion in financial liabilities for taxpayers, including substantial unpaid taxes and potentially significant decommi...
Read Full Article →One year in, Labour is at a low ebb. From now on, let its priority be honesty, honesty, honesty | Po...
Labour’s fiscal approach, emphasizing transparent tax increases over austerity, plays a crucial role in maintaining investor confidence and stabilizing bond markets amid political...
Read Full Article →Consumer spending drives ‘healthy pickup’ for UK businesses
Increased expenditure by households and companies has contributed positively to commercial performance, highlighting economic resilience even as rising costs and taxation continue...
Read Full Article →Currys boss urges government not to raise taxes on retailers
The Currys chief executive highlighted that higher taxes on retail businesses could hinder investment and contribute to additional price increases amid the company’s substantial pr...
Read Full Article →WHO calls for steep taxes on alcohol and sugary drinks globally by 2035
Implementing substantial global taxes on alcoholic beverages, tobacco products, and sugary drinks could generate up to $1 trillion in revenue by the year 2035, according to health...
Read Full Article →Eminem, AI and me: why artists need new laws in the digital age | Alexander Hurst
The inability to legally quote song lyrics highlights challenges for creators and consumers, while financial risks tied to speculative trading underscore the need for clearer regul...
Read Full Article →Senator Seeks to Waive U.S. Taxes on Small-Scale Crypto Activity in Big Budget Bill
Senator Cynthia Lummis has proposed an amendment within a major budget bill that could alleviate tax obligations for minor cryptocurrency transactions, potentially impacting fiscal...
Read Full Article →Health inequality is linked to gross disparities in wealth | Letters
Significant differences in financial resources contribute to varying health outcomes, indicating that addressing economic inequality is essential for improving overall public healt...
Read Full Article →Clean energy stocks fall as Trump bill taxes components from China, phases out credits
The recent legislation introduces tariffs on imported parts and gradually reduces incentives, significantly impacting the clean energy sector's market value while creating potentia...
Read Full Article →UK households hit by squeeze on living standards despite fastest growth in G7
Despite the UK economy expanding more rapidly than other G7 nations, increased taxes and inflation led to lower real disposable income per household, reducing overall financial res...
Read Full Article →Despite tariffs, taxes and global turmoil, you shouldn’t stop investing in the U.S.
Maintaining a consistent investment strategy in the U.S. market can lead to potential growth, as markets typically recover from economic challenges and continue to evolve over exte...
Read Full Article →Here are the 2 big things we're watching in the stock market in the week ahead
Investors are closely monitoring upcoming employment reports and governmental decisions on trade policies and taxation, which could significantly influence market trends and econom...
Read Full Article →Veteran strategist says a recession is coming that will hit ‘cup entirely full’ stock market
An experienced market analyst warns that an anticipated economic downturn could significantly impact the currently optimistic stock market, where investors have largely dismissed c...
Read Full Article →Paychex CEO's advice to policymakers: 'Let's bring some more clarity to the situation'
The CEO of Paychex emphasized the importance of clearer guidance from policymakers to help businesses better navigate financial planning and mitigate uncertainties related to taxat...
Read Full Article →The 2026 Tax Season Could See Significant Delays After DOGE Cuts, Warns IRS Watchdog
The IRS watchdog has indicated that reductions related to DOGE may lead to longer processing times during the 2026 tax filing period, potentially impacting taxpayers and overall fi...
Read Full Article →Don't Have an Estate Plan? Six Things That Could Go Very Wrong
Without a proper estate plan, individuals may face substantial tax burdens, potential legal complications, and family disputes, highlighting the importance of careful financial and...
Read Full Article →Reeves may need to raise taxes by £20bn in autumn after UK borrowing rises
The rising government borrowing and a substantial budget shortfall in May have prompted concerns that increased revenue measures might be necessary to manage fiscal targets effecti...
Read Full Article →Crypto for Advisors: Digital Asset Tax Preparation
Effective management of digital currency tax obligations can help financial advisors streamline reporting processes and reduce the likelihood of costly errors throughout the fiscal...
Read Full Article →Fewer Agents, Fewer Audits: How IRS Staff Cuts Are Changing Enforcement
Decreases in IRS personnel have led to more audits ending without adjustments, which may contribute to a growing disparity between owed taxes and actual payments.
Read Full Article →St James’ Place: Labour’s dividend tax plans could backfire
Increasing the highest dividend tax rate could reduce overall government income by discouraging investment, potentially undermining expected revenue gains from forthcoming fiscal p...
Read Full Article →Tories: Labour desperate to use bookies tax to bail out Rachel Reeves
The proposed changes to gambling taxes have raised concerns about their potential impact on betting shops and horse racing, highlighting debates over government revenue strategies...
Read Full Article →Trump Tariffs and Taxes: Waiting to See What Happens Is Not a Strategy
Frequent changes in trade policies and tax regulations linked to election cycles create uncertainty, making it important to proactively manage finances rather than delay decisions...
Read Full Article →The Hidden Cost That's Ruining Vacation Home Dreams
Increasing fees for homeowners associations, along with higher insurance and tax expenses, are significantly raising the overall costs of maintaining a vacation property, impacting...
Read Full Article →Republicans stick to July 4 deadline to pass Trump's megabill
Lawmakers are working to finalize a comprehensive fiscal plan by early July, with significant attention being given to tax provisions that could impact government revenue and econo...
Read Full Article →Timing Is Everything for Roth Conversions: An Expert's Guide to the Right Strategy
Carefully planning when to convert funds to a Roth account can optimize tax outcomes and potentially reduce your overall financial burden during retirement.
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