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Why Adam Smith Would Hate the Remittance Tax
A government secure in its liberty and confident in its citizens does not tax generosity. Source link
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Tax
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This new tax deduction in Trump’s Big Beautiful Bill lets people cash in on charitable donations up to $2,000. Here’s what to know
President Donald Trump’s “One Big Beautiful Bill,” which was recently signed into law, offers Americans a number of of tax benefits. It…
News
Vance touts tax breaks in Pennsylvania as he makes White House's first big pitch on Trump's new law
Vice President J.D. Vance on Wednesday made the Trump administration's first big pitch to sell the public on President Trump's sweeping…
News
Bipartisan support helps foundations avoid tax increase in new Trump legislation
Two Republican senators and a broad bipartisan coalition of funders and nonprofits prevented a 600% increase in taxes levied on the…
Fashion
TikTok’s Chinese workers seek tax compensation for US relocation
Some of TikTok’s Chinese employees are requesting company compensation for additional taxes incurred due to their relocation to the US,…
News
Will the new tax break for car loans boost sales? What to know
Millions of people receive a federal tax deduction for the interest they pay on home loans. Under President Donald Trump’s new tax-cut…
Business
Rachel Reeves autumn Budget will see significant tax rises
Two very different reports have reignited UK economic gloom over the past four days. Friday's economic figures showed a further monthly…
News
National Trust blames tax rises as it cuts 550 jobs
The National Trust has announced plans to cut 6% of its current workforce, about 550 jobs, partly blaming an inflated pay bill and tax…
News
There’s a new tax deduction for car loans in Trump’s Big Beautiful Bill. Here’s who’s eligible—and what’s the catch
While the “No Tax on Tips” provision in President Donald Trump’s One Big Beautiful Bill Act has been making headlines for its tax…
News
‘No Tax on Tips’ is now the law: What workers should know about timeline, how paychecks will be impacted
The “No Tax on Tips” provision, passed and signed into law on July 4 as part of President Donald Trump’s One Big Beautiful Bill Act,…
News
A Social Security email praised Trump’s tax bill—but experts say it lied
Trump’s “big, beautiful bill” has a lot of moving parts, but one thing it won’t do is end taxes on Social Security benefits, as he has…
News
Wind and solar companies are racing to build before their tax credits disappear
A proposed solar farm in New Mexico aims to finish construction by 2029 or 2030. But the developer that hopes to build it now plans to buy…
Business
Newspaper headlines: 'Reeves fears tax turmoil' and 'Oasis back together'
32 minutes ago Share Save Share Save Sign up for our morning newsletter and get BBC News in your inbox. Related Internet Links Daily…
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Trump plans to sign his tax and spending cut bill at the White House July 4 picnic
President Donald Trump plans to sign his package of tax breaks and spending cuts into law Friday after his cajoling produced almost…
News
Thinking of buying an EV? Your tax credit window is closing
Buying or leasing an electric vehicle (EV) will no longer come with a federal tax credit. On Thursday, Congress approved legislation,…
News
Big, beautiful wins: Passage of sweeping tax cut legislation caps summer of victories for Trump
His critics said President Trump would find it impossible to pass his tax cut mega-bill through Congress, let alone get it done before the…
News
AOC Exposes Catch in “No Tax on Tips” Rule in Trump’s Budget
The no tax on tips provision of Donald Trump’s budget cannot be the pro-labor gift that the president has made it out to be while the rest…
News
France, Spain, and 6 other countries pledge to tax premium fliers
Flying comes with a lot of carbon emissions, but not all plane seats are environmentally equal. Seats that take up more space, like…
News
Chipmakers win bigger tax credit under bill passed by Senate
Sweeping tax legislation passed by the Senate on Tuesday (Jul 1) would make it cheaper for semiconductor manufacturers to build plants in…
News
No tax on tips or overtime, with a catch: What to know as Trump’s ‘big, beautiful bill’ passes the Senate
On Tuesday, the Senate narrowly passed President Donald Trump’s One Big Beautiful Bill Act with a 50-50 vote—with Vice President JD Vance…
Business
US: S&P 500, Nasdaq dip from record highs with Trump tax bill in focus
S&P 500 and Nasdaq indexes opened lower on Tuesday (Jul 1), after touching record highs a day earlier, as investors monitored US trade…
Culture
Eight-country coalition aims to tax luxury air travel
[SEVILLE, Spain] Countries including France, Kenya, Barbados and Spain on Monday launched a coalition to push for taxes on wealthy air…
News
Canada caves on tech tax, eyes deal during Trump's July trade scramble
Canada bowed to White House demands and decided not to collect a tax on U.S. tech companies as planned Monday, a sign that President…