#tax-revenue

#tax-revenue

Changes to company size classifications will lead to an estimated £20m annual tax loss for the Treasury due to IR35 non-compliance.

Microsoft is continuing its investment in a North San Jose data center despite a pause on other plans, indicating confidence in the project's potential.

The data center is anticipated to produce significant tax revenues and impact fees, benefiting city infrastructure and public services.

IRS staff cuts could lead to significant losses in taxpayer revenue.

Cutting IRS staff may incentivize tax evasion among taxpayers.

Inheritance tax receipts are rising significantly, indicating more estates are becoming liable as housing prices increase.

Current thresholds for inheritance tax have remained unchanged, leading to more estates facing taxation.

Effective estate planning is becoming complex due to shrinking reliefs and rising asset values.

Pennsylvania leads the U.S. in casino gaming tax revenue with $2.3 billion in 2023.

New York's cannabis sales are predicted to surpass $1 billion by year-end after experiencing significant growth amid regulatory changes and law enforcement initiatives.

Britain needs to adopt road pricing to offset a projected £35 billion tax revenue shortfall from the transition to electric vehicles.

The fragmented legal status of cannabis in the U.S. prioritizes tax revenue over public health, necessitating a unified health response.

Reeves is using public finance data to justify a stringent budget amid rising borrowing and spending concerns. Significant fiscal caution is warranted.

24% of parents/grandparents consider moving children from private to state schools if 20% VAT imposed on fees.