#tax-policy

#tax-policy

Parliament's prorogation has halted the proposed tax increase on capital gains, leading to uncertainty regarding taxation for Canadians.

The proposed tax change plans to raise the inclusion rate for capital gains tax from 50% to 67%.

Montana's tax code creates significant disparities in property taxes based on classification, impacting neighboring high-value homes differently.

Kemi Badenoch acted on Dyson's request to address rising corporation tax and its impact on patent box tax benefits.

Norway is leading the global transition to electric vehicles, with nearly 89% of new cars sold in 2024 being fully electric.

Repeated increases in stamp duty have severely affected high-end property sales in London, with transactions falling 42% over the past decade.

The bipartisan support for eliminating tax on tips raises concerns about the federal deficit and income inequality.

Metro's SHS tax, introduced in 2021, has generated $912 million for housing solutions, but proposed rate cuts may hinder efforts against homelessness.

Tax lobbyists are optimistic about potential tax cuts in the new congressional climate, yet remain vigilant due to the complexities of corporate demands and budget constraints.

Sir Keir Starmer plans no new tax rises before the election, yet acknowledges potential unforeseen circumstances could change that.

Labour’s pledges focus on improving living standards and major public investments.

Tax individualisation favors dual-income families over single-income households, creating financial inequity.

New York taxpayers may receive up to $500 refund checks as part of an 'Inflation Refund' proposal by Governor Hochul in 2025.

Scottish ministers are exploring tax increases for wealthier individuals to fund budgetary needs amid pressure for a vote-winning strategy.

Ottawa's two-month GST holiday is expected to cost Ontario $1 billion but aims to assist consumers during the holiday season.

The French government is trying to avoid a political crisis by scrapping proposed electricity tax increases.

Countries are competing to attract wealthy UK non-doms facing tax regime changes.

New York State Democratic Party chairman Jay Jacobs opposes raising taxes on wealthy residents, fearing it will lead to their exodus from the state.

Chancellor Rachel Reeves faces backlash from retailers for tax increases in the recent Budget, hindering recovery efforts.

House Republicans aim to pass a bill granting broad powers to sanction non-profit organizations, raising concerns over civil liberties and political misuse.

Tax rises in the budget have diminished consumer confidence and could lead to reduced growth in private sector pay next year.

Berkeley expands tax breaks for startups, eliminating caps to stimulate local innovation and economic growth.

Lula seeks to tax billionaires to finance global initiatives, including poverty reduction and climate change efforts, amid political resistance and geopolitical challenges.

Americans aged 60-63 will be able to contribute significantly more to their retirement accounts starting next year, enhancing their savings potential.

HMRC's Loan Charge allows contractors to pause settlements pending an independent review, amid concerns of significant financial distress and distressing outcomes for affected individuals.

Council tax rates in England will rise by up to 5% in April 2025, impacting average households significantly amid budget pressures.

UK government is reforming tax responsibilities for PAYE and NICs in umbrella company structures to enhance accountability and compliance.

Kamala Harris's tax concessions to the wealthy may have alienated working-class voters crucial for her electoral success.

The NHS budget prioritization is essential amidst a decade-long funding shortage.