Stocks nose-dived, government bond prices plummeted, the pound dipped against the dollar, oil prices slumped and cryptocurrencies wobbled on Friday as investors, already worried about rising interest rates and stubbornly […]
Taxation
Trending topics and news from the Taxation category
Back to news homeU.K. Government Goes Full Tilt on Tax Cuts and Free-Market Economics
LONDON — Britain’s new prime minister, Liz Truss, gambled on Friday that a heavy dose of tax cuts, deregulation and free-market economics would reignite her country’s growth — a radical […]
U.K. Announces Windfall Tax on Oil and Gas Profits
LONDON — The British government said it would use a windfall profits tax on oil and gas companies to help raise funds for direct payments to households, totaling about 15 […]
States Turn to Tax Cuts as Inflation Stays Hot
A new report from the Tax Policy Center, a left-leaning think tank, said total state revenues rose by about 17.6 percent last year. State rainy day funds — money that […]
How to Fight Inflation With Lessons From History
Up NorthAnnual spending in the Union reached a staggering 16 times its prewar budget. Despite the need for funds, there was great fear in Congress of increasing taxes because of […]
Using Tech to Optimize Your Social Security Benefits
Benefits are adjusted annually for inflation, and they are not affected by the ups and downs of financial markets. Perhaps most important, benefits are guaranteed for life, which makes Social […]
A Global Deal Aimed at Ending Tax Havens Gains Momentum
People with knowledge of the negotiations said that while the 15 percent rate was essentially a done deal, some of the world’s biggest countries continued to battle for exemptions to […]
In Push to Tax the Rich, White House Spotlights Billionaires’ Tax Rates
WASHINGTON — President Biden is leaning into his push to increase taxes on the rich as he seeks to unify Democrats in the House and Senate behind a $3.5 trillion […]
How Accounting Giants Craft Favorable Tax Rules From Inside Government
This year, Mr. Harter returned to PwC.“I fully complied with Treasury Department conflicts rules by not meeting with PwC representatives” during a two-year “cooling off” period that restricts government officials […]
Janet Yellen Makes Case for Ireland to Join Global Tax Deal
BRUSSELS — The United States is hopeful that Ireland will drop its resistance to joining the global tax agreement that it is brokering, as Treasury Secretary Janet L. Yellen made […]