A 2022 change to Serbia's Law on Personal Income Tax allows high-earners to pay up to half of their annual tax obligation into an AIF instead of into the state coffers. The government says that the aim was to stimulate investment. Critics say it significantly reduces the amount of tax paid by wealthy investors.
Property taxes around the U.S. have long been a lightning rod for debate, with political leaders perpetually balancing the need to fund their budget priorities against the risk of alienating homeowners and businesses. This week, for example, New York City Mayor Zohran Mamdani sparked an uproar by proposing to close a budget hole by sharply raising property taxes.
If artificial intelligence eliminates millions of jobs, it might make sense to scrap income taxes for the vast majority of Americans and target capital instead, Vinod Khosla says. "AI will transform economies and need a rethink of capitalism & equity," the billionaire venture capitalist wrote in an X post on Monday. "Labor portion of economy (vs capital) will decline sharply. Should we eliminate preferential treatment of capital gains tax and equalize to ordinary income?"
A new report from the Tax Foundation, a nonpartisan think tank, found that the average tariff burden for U.S. households was $1,000 in 2025 and is expected to grow to $1,300 this year, effectively cancelling out any benefit from the tax cut and falling short of paying for them. Tariffs will raise a net $1.9 trillion between 2025 and 2034, the Tax Foundation estimates, but the cuts will reduce revenue by $4.1 trillion.
LDP looks set to secure 316 seats in Japan's 500-member house, marking its best result since its founding in 1955. Japan's Prime Minister Sanae Takaichi has promised to cut taxes and keep her cabinet intact as she celebrated her Liberal Democratic Party's (LDP) landslide victory in Sunday's general election. Takaichi's pledge on Monday came as projections by the NHK broadcaster showed the conservative LDP securing 316 seats in the 500-member National Assembly and winning a historic two-thirds majority in the lower house.
What we don't give credit to [are] these extremely successful entrepreneurs that create hundreds of 1000's of jobs in America...if not millions,
The comment comes as billionaires in the state have made public their intent to relocate elsewhere in the wake of the tax's proposal. Venture capitalist Peter Thiel, tech investor David Sacks, and Google co-founders Larry Page and Sergey Brin have all taken steps to leave. At the same time, billionaires are dishing out piles of cash to fund a campaign against the ballot initiative. Thiel made his biggest political contribution in years, donating $3 million to a California business group leading the fight against the billionaire wealth tax.
Anthropic CEO Dario Amodei has a grave warning for fellow AI titans who dismiss the public's concerns about AI. "You can't just go around saying we're going to create all this abundance, a lot of it is going to go to us, and we're going to be trillionaires, and no one's going to complain about that," Amodei told Axios in an interview. "Look, you're going to get a mob coming for you if you don't do this in the right way."
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"ICE is engaged in a reign of terror across the country and they plan to grow their attacks on California," Haney told Bay Area News Group. "We have to be ready, and this is a way we can undermine their ability to operate here."
including seeing membership of the Congressional Real Estate Caucus, a bipartisan group working to tackle housing supply and affordability, grow to 100 members; having over 1000 grants, programs and initiatives funded to advance pro-housing policies and elect legislators focused on housing at the state and local level; defeating 11 harmful tax proposals over the past decade, which NAR said prevented $1.3 trillion in new taxes on real estate;
The governor's budget proposal, the first step in hammering out a new spending deal with the state Legislature by April 1, includes plans to provide free childcare to children aged two and over in New York City and children aged four and up throughout the rest of New York State, pledging $4.5 billion to expand free childcare statewide. That investment represents a $1.7 billion increase compared to the 2025 state budget.
Mayor Zohran Mamdani used his Martin Luther King Jr. Day speech at the Brooklyn Academy of Music (BAM) on Monday to push back against warnings that his plan for higher taxes on wealthy New Yorkers would drive them out of the city, arguing that city leaders have ignored what he described as a more concrete and damaging population loss. When I speak about how the wealthiest in this city should pay a little bit more in taxes, I am often told about a potential exodus, Mamdani said.
Over the summer, the Trump administration held an unusual Independence Day celebration at the White House. A live band warmed the crowd with renditions of Chaka Khan's "Ain't Nobody" and Pharrell Williams's "Happy" before the president emerged from the first-floor balcony of the executive residence. Supporters sporting red MAGA caps looked on as he signed the Big Beautiful Bill into law beneath the South Portico's white columns.
Gov. Gavin Newsom is taking aim at institutional investors making purchases in the residential market. Following a similar announcement by President Donald Trump, Newsom is planning to work with local legislators to prevent private equity and hedge fund investors and other corporate entities from purchasing homes in California, the Mercury News reported, citing communications with the governor's office. The fact is that large investors are purchasing homes faster than families can buy them, the governor's office said.
