(NEW ORLEANS (WGNO) — Louisiana taxpayers are filing under a new income tax system for the first time this year, and state leaders say many families could see the difference when refunds arrive. The changes were passed during a 2024 special legislative session and include a lower flat tax rate and a larger standard deduction….
Rachel Reeves is reportedly considering raising income tax in November’s budget, as well as a new mansion tax on properties worth over £2m. Economists have suggested the chancellor will need to find between £20bn and £50bn to meet her goal of balancing day-to-day spending with tax receipts in 2029/30, and at least maintaining a buffer…
Rachel Reeves raised taxes by £40bn in last October’s Budget, and now she is hinting at even further increases – Jordan Pettitt/AFP Sir Keir Starmer, to his party faithful in Liverpool for last week’s annual conference, said: “A Labour party that cannot control spending is a Labour Government that cannot govern. “This is why the…
By Angeliki Koutantou and Renee Maltezou ATHENS (Reuters) -Greek Prime Minister Kyriakos Mitsotakis ruled out a snap election on Sunday and said that a string of tax cuts planned for 2026 were aimed at boosting a tumbling birth rate and stemming a protracted cost of living crisis. Mitsotakis, who was re-elected in 2023 but whose…
By Marco Aquino LIMA (Reuters) -Peru hopes to increase agricultural investment with a significant reduction in income tax for large export companies, the sector’s minister told Reuters on Monday. The Peruvian Congress last week passed a law that reduces income tax to 15% from the current 29.5% for large agricultural exporters over the next 10…
By Andy Sullivan WASHINGTON (Reuters) -U.S. President Donald Trump‘s sweeping tax-cut legislation would effectively transfer wealth from younger Americans to older generations, nonpartisan analysts say. Though the bill contains tax breaks for parents, newborns, private-school students and other younger Americans, those benefits would be outweighed by the trillions of dollars it would add to the…
Hong Kong’s tax revenue increased by about 10 per cent in the past financial year, driven in part by an influx of talent and a boost in property transactions, authorities have said. Commissioner of Inland Revenue Benjamin Chan Sze-wai on Friday also predicted a 7 per cent rise in overall collections for the 2025-26 financial…