Rachel Reeves is set to use one of the most pivotal budgets of recent times to call on businesses to pay more tax to help restore the NHS, amid warnings that the health service has been left with a £9bn hole in its finances. The chancellor is expected to stake her reputation on a tax-raising
Social Security imposes taxes on benefits for people who earn above a certain income — and that income threshold hasn’t changed for decades. Many changes are happening to Social Security in 2025. Retirees are getting a cost-of-living adjustment and those who are under full retirement age are allowed to earn a little more money from
The following is a letter sent to House Speaker Ron Mariano and Senate President Karen Spilka. On behalf of the Greater Boston Chamber of Commerce, the Massachusetts Taxpayers Foundation, NAIOP Massachusetts, and the Boston Municipal Research Bureau, we write regarding H.4942, An Act relative to property tax classification in the city of Boston. Our organizations
The EU requires member states to levy a minimum excise duty on beer but the majority of countries actually charge more. ADVERTISEMENT European beer prices are topped up with hefty taxes, apart from the VAT, as the European Union requires member states to charge at least €1.87 per 100 litres (26.4 gallons). The required tax
In anticipation of the upcoming autumn Budget, many front pages splash on reports that Chancellor Rachel Reeves will extend the freeze on income tax bands, introduced by the Conservatives, beyond 2028. The Daily Telegraph believes the move is “manifesto breaking” because Labour promised during the general election campaign not to raise the taxes of working
ELTON, La. (KPLC) – The financial issues involving the town of Elton have taken another turn. This time, it’s affecting town employees. Earlier this week, 7News learned the town of Elton must pay back taxes to the IRS. Interim Mayor Mike Pierrotti confirmed federal payroll taxes were not paid by the town between January 2023
PORT WASHINGTON — After the Common Council approved $33.5 Million to fund the construction of a new public safety building in Port Washington, TMJ4 Lighthouse reporter Ryan Jenkins went to ask neighbors for their opinions on the decision to approve the funding and went for a tour of the current fire department to learn more
Vice President Kamala Harris has proposed a 28% capital gains tax on long-term gains — assets held for more than one year — for those making more than $100 million. The current top rate for long-term capital gains is 20%. Her proposal would also raise the net investment income tax (NIIT) from 3.8% to 5%.
Donald Trump said he’d consider exempting police officers, firefighters, active duty military and veterans from paying taxes, the Republican nominee’s latest campaign trail idea to deliver tax breaks to key groups of supporters. “It’s something I would think about,” Trump said in response to a question about excluding first responders and military members from tax
KUALA LUMPUR, Malaysia — Malaysia will introduce new taxes and revamp gasoline, education and healthcare subsidies next year as part of aggressive reforms to narrow the country’s fiscal deficit, Prime Minister Anwar Ibrahim said Friday as he unveiled a national budget for 2025. Anwar told Parliament that Malaysia spends some 80 billion ringgit ($18 billion)