IMF urges Japan to keep raising rates, avoid reducing sales tax
With inflation exceeding its 2% target for nearly four years, the BOJ has signalled its readiness to keep hiking rates The International Monetary Fund (IMF) urged Japan to keep…
Tag
Tax
New tax rules are in effect this season—and many filers don’t know about them
Tax filing season is in full swing, and while preparing your taxes can often be filled with stress, misplaced documents, and worries about proper filing, this year, there may be a silver…
California wealth tax would cause rich to flee, governor Newsom warns
At least six billionaires have already left the state ahead of the Jan 1 residency cut-off California governor Gavin Newsom warned that a proposed one-time tax on billionaires…
Taxpayers may face issues this 2026 tax season after IRS layoffs and new laws, a watchdog warns
The national taxpayer advocate is cautioning that the 2026 tax filing season is likely to present challenges for taxpayers who encounter problems with filing their taxes given the exodus…
Tax transparency and trust in the business ecosystem
Transparency has evolved into a defining pillar of good governance and public accountability MULTINATIONAL corporations worldwide are navigating a profound shift, compelled by new rules to…
Treasury Department cancels contracts with Booz Allen Hamilton after Trump tax leak
The U.S. Treasury Department has cut its contracts with Booz Allen Hamilton, after a former contractor who worked for the firm was charged and subsequently imprisoned for leaking tax…
After UK’s pubs U-turn, hotels and cafes warn of tax ‘nightmare’
Higher levies come on top of an increase in the minimum wage, national insurance contributions – a payroll tax – rental and energy costs, and a tourism tax for hotels WHEN his food chain…
How Iowa Can Defend Property Rights Through Property Tax Reform
Governor Reynolds understands that the only way to protect homeowners is to limit local governments’ spending. Source link
California crypto startup moves to South Dakota as debate over proposed wealth tax heats up
California cryptocurrency startup BitGo has moved to South Dakota ahead of its initial public offering and amid a heated debate about a proposed ballot measure to tax billionaires. The…
Reshaping tax management in the AI age
The reporting landscape is being reshaped by seamless digital integration and sophisticated regulatory analytics FOR Singapore’s corporate leaders, the annual tax filing is diminishing as…
Explaining California's billionaire tax: The proposals, the backlash and the exodus
The battle over a new tax on California’s billionaires is set to heat up in the coming months as citizens spar over whether the state should squeeze its ultra-rich to better serve its…
This billionaire tax proposal has tech titans threatening to leave California
A proposed billionaires’ tax in California has ignited a political uproar in Silicon Valley, with tech titans threatening to leave the state while Democratic Gov. Gavin Newsom maneuvers to…
Proactive tax strategy in a shifting global landscape
As OECD rules redefine the game, Singapore’s tax and business leaders are pivoting from compliance to strategic foresight THE global tax landscape is undergoing its most significant…
China battery shares drop on plan to cut export tax rebates
From April, discounts on 22 battery-related goods will be cut from 9% to 6%, with a complete removal planned from 2027 Chinese battery shares fell after Beijing unveiled a plan to reduce…
Silicon Valley Billionaires Panic Over California’s Proposed Wealth Tax
Did California lose Larry Page? The Google and Alphabet cofounder, who left day-to-day operations in 2019, has seen his net worth soar in the years since—from around $50 billion at the…
IRS will accept 2025 tax returns starting Jan. 26
Jan. 26 marks the official start date of the 2026 tax filing season, when the IRS will begin accepting and processing 2025 tax returns. April 15 is the filing deadline. Tax experts,…
What to Do with California’s Billionaire Tax Proceeds
A health-care union’s ‘one-time fix’ for federal Medicaid cuts could easily become permanent. Source link
Expand eligible investments as part of SFO tax framework tweak, industry observers say
Market players say that it is timely to include digital assets, precious minerals, insurance and family businesses Expanding the types of investments eligible for tax incentives is a key…
CNMC Goldmine shares fall 7.3% on extra tax, penalty in Malaysia
A Malaysian unit of CNMC Goldmine is facing additional income tax and a penalty worth RM29.6 million Shares of Catalist-listed CNMC Goldmine fell as much as 7.3 per cent on Monday (Dec 22)…
CNMC Goldmine shares fall 1.8% on extra tax, penalty in Malaysia
Shares of Catalist-listed CNMC Goldmine fell as much as 7.3 per cent on Monday (Dec 22) as investors reacted to its Malaysian unit facing additional income tax assessments. The counter…
States are divided on whether to follow Trump’s tax breaks on tips, overtime, and more
To tax tips or not? That is a question that will confront lawmakers in states across the U.S. as they convene for work next year. President Donald Trump’s administration is urging states…
CNMC plans to appeal against additional tax assessment of RM29.6 million imposed on Malaysian unit
The notices were raised in relation to the disallowance of management fee expenses paid by the subsidiary to the gold-mining company A Malaysian unit of CNMC Goldmine has been slapped with…
Colombia Boosts Tax Incentive CINA to Record Amount for 2026
After a bumper year that saw major projects shooting in Colombia, including Seasons 2 of BBC/AMC’s “The Night Manager” and Netflix’s mega epic series “One Hundred Years of Solitude,”…
Illinois Approves Significant Increases to State Production Tax Credits
Illinois Governor JB Pritzker has signed SB 1911, which expands and enhances the Prairie State’s film production tax credit. The bill is part of a larger economic development package and…