Tax

UK government makes tax cut U-turn after market turmoil
Chancellor Kwasi Kwarteng says controversial proposal to slash top rate of income tax had ‘become a distraction’.
Published On 3 Oct 2022
BoE says monitoring markets ‘very closely’ after pound plunges
The central bank statement came towards the end of a day of turmoil for Britain’s currency and debt.
Published On 26 Sep 2022
Trump executive Weisselberg pleads guilty to tax fraud
Weissellberg has spent decades at the Trump Organization, his plea deal may compel him totestify against the company.
Published On 18 Aug 2022
Biden team pushes to allay concerns about tax enforcement funds
US Treasury secretary directs IRS chief against using new resources to audit more households making less than $400,000.
Published On 11 Aug 2022

James Comey and Andrew McCabe, former FBI officials fired by Donald Trump, were targeted by intensive tax audits.

India’s moves come when world is grappling with tight gasoline, diesel supplies as sanctions have hit Russian exports.

Frustration has grown in recent months as Ghanaians bear the brunt of rampant inflation and the rising costs of living.

Hungary opposes setting a minimum corporate tax of 15 percent on big multinationals, preventing an EU deal.

The crisis-hit country’s inflation rose to 39.1 percent in May, its statistics office said on Tuesday.

Intuit will pay US customers who were deceived by misleading promises of free tax-filing services.

India’s anti-money laundering agency took control of the bank accounts of Xiaomi Technology India, it said.

The Billionaire Minimum Income Tax would end ‘sheltering of income for decades or generations,’ the White House says.

The US budget plan also calls for more money for police and greater funding for education, public health and housing.

Small-business owners, contractors and entrepreneurs are facing a raft of ever-changing rules and regulations.

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