BANGKOK (AP) — How do you persuade a population to have more babies after generations of limiting families to just one? A decade after ending China’s longtime one-child policy, the country’s authorities are pushing a range of ideas and policies to try to encourage more births — tactics that range from cash subsidies to taxing…
Calling the peak for anything is dangerous. So here goes: We’ve reached peak tariffs, as both an economic weapon and almost certainly as a political one. President Donald Trump signaled as much on Sunday when he turned to social media and declared people who oppose tariffs “are FOOLS!” He then offered everyone a tariff “dividend”…
Bill Gates and Warren Buffett ushered in a new Gilded Era of philanthropic giving, likened in influence to the Rockefellers and Carnegies. But charity work is about to look very different as higher taxes are threatened on liberal institutions, and new methods of giving are popularized by women mega-donors. MacKenzie Scott has become a pioneer…
As the EV market enters choppy waters, legacy automakers are pulling back on electrification plans, delaying EV launches, and cutting production at EV plants. That’s not an option for pure-play EV makers like Rivian. Instead, the Irvine, California-based manufacturer has its sights set firmly on the launch next year of its second-generation product: a midsize…
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…
Many Americans could see heftier tax refunds next year when they file their 2025 tax returns, largely due to new provisions enacted through the Republicans’ “one big, beautiful bill” act that are retroactive to the start of the current year, according to an analysis from Oxford Economics. Total taxpayer savings could amount to an additional…
Although the U.S. government remains closed, taxpayers who requested a filing extension from the IRS earlier this year remain on the hook to submit their income tax returns by Oct. 15. “Taxpayers should continue to file, deposit and pay federal income taxes as they normally would,” an IRS spokesman told CBS News. “The lapse in…
How Trump’s new spending law will impact taxes How Trump’s new spending law will impact taxes 04:11 The IRS is adjusting the income limits for its federal income tax brackets to account for the impact of inflation, an annual reset that could provide relief for some Americans when they file their taxes next year. The…
Americans could get some financial relief next year when the IRS adjusts its federal income tax brackets for inflation, a change that could help lower taxes for millions of households. Each fall — typically in October or November — the IRS announces inflation adjustments that affects everything from the tax brackets people are subject to…
Hong Kong is in talks with several Chinese electric-vehicle makers to establish local EV manufacturing, according to people familiar with the matter, as the financial hub looks to advanced industries to diversify its ailing economy. The city’s officials aim to develop an EV assembly base — a relatively complex process requiring advanced skills, the people…