#taxation

#taxation

Ursula von der Leyen proposed new EU taxes on large companies, tobacco, and electronic waste as part of a 2tn budget aimed at addressing Europe's challenges.

Wimbledon will be obliged to operate withholding tax, at a flat rate of 20%, on the prize money that they pay to these stars. However, Jannik Sinner and Iga Swiatek will ultimately be taxed in the UK at the top rate of 45% on their winnings-less any allowable business expenses they can deduct.

According to new analysis and agent testimony, local demand has plummeted since April, when local authorities gained powers to double council tax on second homes.

Taxing all UK citizens on their global income and treating all owners of UK residential property as domiciled in the UK for tax purposes could reduce tax avoidance.

A former new-age traveller who made his money in green energy and has donated to Just Stop Oil, he is part of the Patriotic Millionaires organisation who think it is high time people like them are asked to increase their contributions.

Jim O'Neill stated that without changing some of the big taxes, including welfare and pensions, Labour can’t commit to significant investments and growth initiatives.

Rhode Island's 'Taylor Swift Tax' imposes steep surcharges on luxury second homes valued over $1 million, potentially adding over $100,000 in new property taxes for owners like Swift.

The coalition, initiated by France and Spain, aims to impose taxes on private jets and premium air travel to enhance climate resilience and support international solidarity.

A rather interesting issue that we're starting to see come up more and more in discussions ... about things like wealth taxes and inheritance taxes is that increasingly there is a gap between the perception of wealth and the reality of wealth.

The rise in inflation in May introduces some further uncertainty into the near-term outlook for businesses prices, adding that they need to squeeze out inflation.

Just as a hidden and exceptionally costly Oakland property tax to pay for city employee pensions winds down after 45 years, officials are planning another levy to offset the cost of retirement benefits.

"Under MTD self-employed people and businesses will have to report their taxes quarterly, not annually... Which begs the question, what is the point of MTD?"

HMRC's Wealthy and Mid-Size Business Compliance team is targeting 'rich' UK individuals, impacting business owners making £200k or owning properties worth £2m.

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What was announced was more spending equivalent to an additional £190bn over the parliamentary term.

The Tobacco Taxation Directive overhaul, stalled by Big Tobacco lobbying, is crucial for harmonizing tax regimes and curbing youth uptake of new tobacco products.

"Basically what the tariff revenue is doing, it's being used to finance a huge tax cut for the wealthiest, together with cuts in everyday programs that people rely on like Medicaid and nutrition assistance."

Our state sales tax is already the highest in the country. Sometimes the government has to act like a business, and when demand goes down for mass transit, then operations must be scaled back.

In my book, I suggest a positive future path for the collective of higher education would be for our wealthiest private institutions to share some of that wealth through a system of taxation.

The Trump administration's budget bill, specifically Section 899, enables the imposition of up to 20% taxes on countries considered unfair to American businesses, heightening trade tensions.

"It really does seem to me that the only choice that is available, if we're going to go through all of those things, is some really quite chunky tax increases to pay for it."

It's of course alarming to see the sustained fall in the number of employees on payroll.

April's public finances figures showed that despite the boost from the rise in employers' national insurance (NI) contributions, the fiscal year got off to a poor start.

"The proposed budget includes new annual fees for electric vehicle owners, raising costs significantly for those transitioning to cleaner transportation while exempting larger polluting vehicles."