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UK's Unemployment Rate Rises To Nearly A Four-Year High
Britain's unemployment rate climbed to 4.7 percent in the three months to the end of May, the highest level since June 2021. That compared with 4.6 percent in the February-April period.
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Trump Signs 'Big, Beautiful Bill' Into Law. What's Inside
US President Donald Trump signed into law his "One Big Beautiful Bill" at the White House on Friday, "keeping" his campaign promises of extending tax cuts from his first term and boosting military spending.
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What Is In Trump's Big Bill: Tax Cuts, Money For Deportations, Golden Dome
Trump told Republicans, to deliver the bill by July 4. Senators were working through the weekend to pass the bill and send it back to the House for a final vote.
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Trump Ends Trade Talks With Canada Over Tax On US Tech Firms
President Donald Trump said Friday that he is calling off trade negotiations with Canada in retaliation for taxes impacting major US tech firms, adding that Ottawa will learn of their tariff rate within a week.
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"Difficult Country": Trump Calls Off Trade Talks With Canada
US President Donald Trump said on Friday that he is calling off trade negotiations with Canada immediately, citing its digital services tax and adding that Ottawa will learn of their tariff rate within a week.
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Trump Tariffs Q&A: How Soon Will Prices Rise, Are Other Countries Taxing US
President Donald Trump followed through on his tariff threats by declaring a 10% baseline tax on imports from all countries and higher tariff rates on dozens of nations that run trade surpluses with the United States.
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Amid Trump Tariff Threats, India Cuts Import Duty On American Bikes, Cars In Boost To Harley And Tesla
India has significantly slashed customs duties on high-end motorcycles, cars and smartphone parts, a move that seems to give a boost to American companies like Harley-Davidson, Tesla and Apple.
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Japan’s Financial Regulator May Cut Crypto Tax, Encourage Investors to Engage with VDAs
In Japan, crypto-generated earnings are currently taxed between 15 and 55 percent. However, authorities are considering reducing this tax rate to a flat 30 percent for corporate investors and 20 percent for individual investors in FY 2025.
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Rupee Slips To Record Low After Government Raises Tax On Capital Gains
The Indian rupee, teetering at an all-time low, slipped further against the US dollar on Tuesday, pressured by the drop in local equities after the government in the Budget proposed raising the tax rate on capital gains.
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Curbing Crypto Wash Sales, Spiking Capital Gains Among Biden’s Budget Proposal: Report
US President Joe Biden could be zeroing-in on clamping down crypto wash sales as part of his upcoming Budget speech. Biden’s budget could further explore the idea of doubling the capital gains tax rate for investors. Both of these ideas are aimed at bringing in more flow of capital in the US market, that is currently struggling with inflation.
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India, 135 Other Nations Agree On Landmark Global Corporate Tax Deal
A group of 136 countries on Friday set a minimum global tax rate of 15 per cent for big companies and sought to make it harder for them to avoid taxation in a landmark deal that US President Joe Biden said levelled the playing field.
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EU Pauses Digital Tax Plan After US Push, but Ireland Sticks to Its Guns
The European Union agreed to delay a corporate tax plan for the bloc following pressure from the US administration and in a bid to facilitate a broader global tax deal, but EU member Ireland reiterated its criticisms of the wider reform.
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Amazon May Prove Exception to Minimum Global Tax Rate Rules
The Group of Seven wealthy nations may have endorsed a plan to ensure the world's biggest companies pay a minimum global tax rate, but US tech behemoth Amazon may escape it.
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Big Tech Said to Support Global Corporate Tax, but Wants Digital Services Levies Axed
US tech giants could benefit from the agreement of the Group of Seven rich countries' agreement to create a global minimum 15 percent corporate tax rate if the final deal also scraps increasingly popular digital services taxes, according to industry lobbyists.
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Opinion: No Disguising The Economic Slowdown Now. Take A Look
Only last spring, as the country was gearing up for elections, we were hearing about a growth rate of 7 per cent, the highest in the world. Various new statistics were trotted out to suggest that the growth rate since 2014 had been higher than that under the previous regime. Those of us who looked at other economic indicators such as the unemployme...
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UK's Unemployment Rate Rises To Nearly A Four-Year High
Britain's unemployment rate climbed to 4.7 percent in the three months to the end of May, the highest level since June 2021. That compared with 4.6 percent in the February-April period.
-
Trump Signs 'Big, Beautiful Bill' Into Law. What's Inside
US President Donald Trump signed into law his "One Big Beautiful Bill" at the White House on Friday, "keeping" his campaign promises of extending tax cuts from his first term and boosting military spending.
-
What Is In Trump's Big Bill: Tax Cuts, Money For Deportations, Golden Dome
Trump told Republicans, to deliver the bill by July 4. Senators were working through the weekend to pass the bill and send it back to the House for a final vote.
-
Trump Ends Trade Talks With Canada Over Tax On US Tech Firms
President Donald Trump said Friday that he is calling off trade negotiations with Canada in retaliation for taxes impacting major US tech firms, adding that Ottawa will learn of their tariff rate within a week.
-
"Difficult Country": Trump Calls Off Trade Talks With Canada
US President Donald Trump said on Friday that he is calling off trade negotiations with Canada immediately, citing its digital services tax and adding that Ottawa will learn of their tariff rate within a week.
-
Trump Tariffs Q&A: How Soon Will Prices Rise, Are Other Countries Taxing US
President Donald Trump followed through on his tariff threats by declaring a 10% baseline tax on imports from all countries and higher tariff rates on dozens of nations that run trade surpluses with the United States.
-
Amid Trump Tariff Threats, India Cuts Import Duty On American Bikes, Cars In Boost To Harley And Tesla
India has significantly slashed customs duties on high-end motorcycles, cars and smartphone parts, a move that seems to give a boost to American companies like Harley-Davidson, Tesla and Apple.
-
Japan’s Financial Regulator May Cut Crypto Tax, Encourage Investors to Engage with VDAs
In Japan, crypto-generated earnings are currently taxed between 15 and 55 percent. However, authorities are considering reducing this tax rate to a flat 30 percent for corporate investors and 20 percent for individual investors in FY 2025.
-
Rupee Slips To Record Low After Government Raises Tax On Capital Gains
The Indian rupee, teetering at an all-time low, slipped further against the US dollar on Tuesday, pressured by the drop in local equities after the government in the Budget proposed raising the tax rate on capital gains.
-
Curbing Crypto Wash Sales, Spiking Capital Gains Among Biden’s Budget Proposal: Report
US President Joe Biden could be zeroing-in on clamping down crypto wash sales as part of his upcoming Budget speech. Biden’s budget could further explore the idea of doubling the capital gains tax rate for investors. Both of these ideas are aimed at bringing in more flow of capital in the US market, that is currently struggling with inflation.
-
India, 135 Other Nations Agree On Landmark Global Corporate Tax Deal
A group of 136 countries on Friday set a minimum global tax rate of 15 per cent for big companies and sought to make it harder for them to avoid taxation in a landmark deal that US President Joe Biden said levelled the playing field.
-
EU Pauses Digital Tax Plan After US Push, but Ireland Sticks to Its Guns
The European Union agreed to delay a corporate tax plan for the bloc following pressure from the US administration and in a bid to facilitate a broader global tax deal, but EU member Ireland reiterated its criticisms of the wider reform.
-
Amazon May Prove Exception to Minimum Global Tax Rate Rules
The Group of Seven wealthy nations may have endorsed a plan to ensure the world's biggest companies pay a minimum global tax rate, but US tech behemoth Amazon may escape it.
-
Big Tech Said to Support Global Corporate Tax, but Wants Digital Services Levies Axed
US tech giants could benefit from the agreement of the Group of Seven rich countries' agreement to create a global minimum 15 percent corporate tax rate if the final deal also scraps increasingly popular digital services taxes, according to industry lobbyists.
-
Opinion: No Disguising The Economic Slowdown Now. Take A Look
Only last spring, as the country was gearing up for elections, we were hearing about a growth rate of 7 per cent, the highest in the world. Various new statistics were trotted out to suggest that the growth rate since 2014 had been higher than that under the previous regime. Those of us who looked at other economic indicators such as the unemployme...
