#taxation

#taxation

Only four months after the government took office, satisfaction with the ruling coalition of the center-right Christian Democrats and Christian Social Union (CDU/CSU) and center-left Social Democrats (SPD) has fallen to a record low: In a monthly opinion poll, only 22% of eligible voters said they were satisfied with Chancellor Friedrich Merz's government. The Cabinet ministers are now meeting for a closed-door session at Villa Borsig in Berlin to talk about several hot potato issues.

According to this Redditor, their father has approximately $250,000 in retirement savings at 65 years of age. On the plus side, the dad is mostly debt-free and has both his and his widow's Social Security/401(k) to collect, as well as being an overall frugal individual. On the downside, the $250,000 is about all that is available to live on during retirement, minus a potential inheritance from a family member that may or may not materialize someday.

Keir Starmer is tightening his grip on economic policy by beefing up a committee that will help shape the 26 November budget. Pensions minister Torsten Bell and Starmer's new chief economic adviser, Minouche Shafik, will co-chair the budget board, that will meet weekly to discuss the details of the statement. Government sources said the meetings were aimed at ensuring No 10 and No 11 were aligned and that there was not a repeat of the backlash from businesses that followed Rachel Reeves's maiden budget.

There is something rotten at the core of our economy when banks can extract €5bn in profits and pay essentially no tax.

The Bay Area Rapid Transit system, originally designed to showcase futuristic capabilities, now faces a significant financial crisis driven by soaring operational costs, primarily labor expenses.

The issue is affordability. Do you know how many working families are chased out of New York City every day because they can't afford housing, they can't afford groceries, they can't afford child care?

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.

"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?"

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.

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.