The Download: RIP EV tax credits, and OpenAI’s new valuation
1 OpenAI has become the world’s most valuable startup Move aside, SpaceX. (Bloomberg $) + OpenAI is now valued at an eye-watering $500 billion. (FT $) + The valuation came after workers…
Tag
Tax
EV tax credits are dead in the US. Now what?
Ultimately, it’s not terribly surprising that there are local effects around these policy changes. “The question is really how long this decline will last, and how slowly any recovery in…
Don’t Tax Innovation: The Patent ‘Wealth Tax’ Is a Terrible Idea
The administration’s proposed fee based on patent value is not only bad policy; it is unconstitutional. Source link
San Sebastian Creative Investors’ Conference: 7 Takeaways, From U.S. Tax Credit Hell to Europe’s Challenge of Scale and Ways Forward for Latin America
The third edition of San Sebastian’s Creative Investors’ Conference, co-organized with CAA Media Finance, wrapped Wednesday on a spirited note with a mano a mano between CAA Media…
Thailand to weigh tax on gold trades to slow baht rally
Officials are discussing ways to tax gold bought and sold through various online channels and settled in baht Thai authorities are reported to be considering a tax on physical gold trading…
Who qualifies for the Treasury’s ‘no tax on tips’? The answer is complicated
Trump signed off on the “no tax on tips” deduction as part of his “Big, Beautiful Bill” legislation on July 4. But, while the provision had bipartisan support, experts say not all workers…
South Korea scraps plan to expand tax on stock investments
South Korean President Lee Jae-myung said on Thursday (Sep 11) he would not pursue plan to revise a capital gains tax on stock investments, conceding that the move risked undermining the…
Singapore’s tax revenue up 10.7% at S$88.9 billion in FY2024/25 on robust growth and higher consumption
Corporate tax takings rise 6.7% to S$30.9 billion and remain the largest contributor The Inland Revenue Authority of Singapore (Iras) collected S$88.9 billion in tax revenue for the…
Singapore’s tax revenue up 10.7% at S$88.9 billion in FY2025 on robust growth and higher consumption
Corporate tax takings rise 6.7% to S$30.9 billion and remain the largest contributor The Inland Revenue Authority of Singapore (Iras) collected S$88.9 billion in tax revenue for the…
Rivian lays off hundreds of employees ahead of the end of EV tax credits
Rivian has laid off about 200 employees as the electric vehicle maker prepares for a U.S. economy with fewer incentives to go green. The electric truck and sport-utility vehicle…
The Silent Tax Killing American Productivity
Every unnecessary delay, form, and regulation is a hidden tax on our most precious resource. Source link
No tax on tips and overtime: Full list of 68 jobs eligible for the write-off under Trump’s Big Beautiful Bill
Tucked away among the 940 pages of President Donald Trump’s massive One Big Beautiful Bill Act (OBBBA) are an array of new tax write-offs, exemptions that Trump promised to enact while…
Vice President Vance touts tax cuts, manufacturing subsidies of Trump's rebranded law in Wisconsin
Vice President J.D. Vance on Thursday touted President Trump's massive tax cut, immigration enforcement and spending package at a steel-fabricating plant. Source link
Republican Town Hall Goes Sideways as Hundreds Chant “Tax the Rich”
Constituents at Ohio Representative Warren Davidson’s town hall drowned him out with boos, jeers, and chants of “tax the rich” on Wednesday night. Attendees were particularly upset about…
VP Vance heralds Trump tax cuts in Georgia, calls Democratic Sen. Jon Ossoff 'far-left liberal'
Vice President J.D. Vance traveled to Georgia on Thursday to promote the tax cuts that President Trump signed into law. Source link
Trump’s bill kills clean energy tax credits. Here’s exactly how much money Big Oil gave to Republican backers
The oil industry was a major donor to Donald Trump’s presidential campaign, and it’s gotten a return on that investment. Trump’s “One Big Beautiful Bill Act” kills clean energy incentives,…
Georgia Republicans, against backdrop of 2026 election, push to eliminate state income tax
As the 2026 election looms, Georgia Republicans seeking higher office met Tuesday to begin exploring plans for Georgia to eliminate the state's personal income tax. Source link
Using Tax Incentives to Improve Our Economic Statistics
Higher participation rates, as well as more timely and accurate responses, are necessary to improve the performance of our economic surveys. Source link
You’ll Never Guess What Trump’s ICE Used Your Tax Dollars For
Immigration and Customs Enforcement is so desperate to look cool, they’ve gone full Pimp My Ride—at the taxpayer’s expense. A cringey recruitment video released Thursday by the Department…
A Tax Law for Manufacturers, but a Trade Policy Against Them
While the OBBBA tries to buoy manufacturing, President Trump’s tariffs are an anvil dragging the sector down. Source link
EV sales are surging ahead of tax credits ending. What to know if you’re one of the buyers swarming dealerships now
The clock is ticking on tax credits for electric vehicles—and that’s pushing a lot of people who were debating whether or not to get one off of the fence. Sales are surging at dealerships…
How Trump’s new tax rate on college endowments is threatening university jobs and financial aid
A big increase in the tax on university endowments is adding to financial uncertainty for the wealthiest colleges in the U.S., leading several already to lay off staff or implement hiring…
Wealth firms are preparing richest Australians for pension tax fallout
A looming pensions tax on rich Australians is sparking a flurry of behind-the-scenes planning by the nation’s wealth managers, who say clients are actively exploring strategies to shield…
China’s policy banks rush to issue bonds before tax deadline
China’s policy banks have embarked on a bond-issuance spree in an effort to lock in lower yields before the reinstatement of a value-added tax (VAT) on interest income later this week.…