Articles for Billion Tax

UK to tax private schools in £1.5 bn boost to public education
1 week, 4 days ago

UK to tax private schools in £1.5 bn boost to public education

Hindustan Times  

The UK will end a tax exemption for private schools on Wednesday, the centre-left Labour government has announced, in a move set to raise over £1.5 billion for public education. UK to tax private schools in £1.5 bn boost to public education After years of worsening educational inequalities, from January 1, private schools will have to pay 20 percent value …

Schools Public Education State Private Tuition Fees Private Schools State Schools
Trump IRS pick aggressively pushed tax credit that became 'magnet for fraud': NYT
2 weeks, 1 day ago

Trump IRS pick aggressively pushed tax credit that became 'magnet for fraud': NYT

Raw Story  

Revelations that President-elect Donald Trump’s pick to lead the Internal Revenue Service aggressively promoted an often misused pandemic-era tax credit, which is raising new questions about his motives for the position. Senate Democrats preparing to grill former U.S. Rep. Billy Long of Missouri – who Trump named as his nominee to serve as the commissioner of the IRS – have …

Tax Credit Congress Long Tax Credit Trump Irs
Biden’s unfinished business
2 weeks, 3 days ago

Biden’s unfinished business

Politico  

Biden has acknowledged that his economic agenda is at an inflection point. In a recent op-ed in The American Prospect, the president wrote that “the next four years will determine whether the incoming administration builds on this strength.” Trump’s transition team did not respond to a request for comment, but other Republicans have been unsparing in their assessments of Biden’s …

Biden Build
Outgoing Washington governor suggests ‘wealth tax’ to avoid cuts to education and police
3 weeks, 1 day ago

Outgoing Washington governor suggests ‘wealth tax’ to avoid cuts to education and police

Associated Press  

SEATTLE — Outgoing Washington Gov. The tax would apply to about 3,400 residents — Microsoft founder Bill Gates among them — and bring in $10.3 billion over four years, Inslee, a Democrat, said Tuesday. Lawmakers in several Democratic-led states, including Washington, have in recent years proposed wealth or other taxes on their richest inhabitants, with Massachusetts voters in 2022 approving …

Wealth Taxes Washington State Inslee Walczak Billion Tax
New Mexico’s oil income investments now surpass personal income tax revenue
4 weeks, 2 days ago

New Mexico’s oil income investments now surpass personal income tax revenue

Associated Press  

SANTA FE, N.M. — Efforts by New Mexico to save and invest portions of a financial windfall from local oil production are paying off as state government income on investments surpasses personal income tax collections for the first time, according to a new forecast Monday. General fund income from the state’s two, multibillion-dollar permanent funds and interest on treasury accounts …

Tax Income New Mexico State Billion Oil Production
Volkswagen India unit faces $1.4 billion tax evasion notice for Audi, VW and Skoda car parts: Report
1 month, 1 week ago

Volkswagen India unit faces $1.4 billion tax evasion notice for Audi, VW and Skoda car parts: Report

Live Mint  

India has issued a notice to German automaker Volkswagen for allegedly evading $1.4 billion in taxes by "wilfully" paying lesser import tax on components for its Audi, VW and Skoda cars, a document shows, in what is one of the biggest such demands. A notice dated Sept. 30 says Volkswagen used to import "almost the entire" car in unassembled condition—which …

India Taxes Car Indian Skoda Notice Reuters
Pakistan’s $7 billion IMF deal has run into trouble. Here’s what happens next
1 month, 3 weeks ago

Pakistan’s $7 billion IMF deal has run into trouble. Here’s what happens next

Firstpost  

The chief of the Pakistan mission of the International Monetary Fund, which had agreed to a $7 billion funding agreement for the Pakistan in September, on Tuesday opened unscheduled talks with the country’s top officials, including the finance minister and governor of the State Bank of Pakistan. The International Monetary Fund’s Pakistan mission chief Nathan Porter met Finance Minister Muhammad …

Finance Pakistan Power Mission Minister Cent Imf
UK Treasury chief admits business tax rise could lead to lower than anticipated wages
2 months, 1 week ago

UK Treasury chief admits business tax rise could lead to lower than anticipated wages

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Labour Reeves Uk Treasury Tax Rise
Rachel Reeves Unveils Bold Fiscal Plan: A Manifesto for Britain's Future
2 months, 1 week ago

Rachel Reeves Unveils Bold Fiscal Plan: A Manifesto for Britain's Future

China Daily  

Rachel Reeves, the British government's finance minister, unveiled her fiscal plan, outlining tax rises and spending increases to restore economic stability and turn the page on the Conservative Party's rule. The plan includes a 40 billion-pound tax rise, a record figure for modern times, along with spending increases in healthcare, housing, and education.

London
Reeves uses first Budget to hike taxes, increase borrowing and boost spending
2 months, 1 week ago

Reeves uses first Budget to hike taxes, increase borrowing and boost spending

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. But despite Labour’s promises to protect “working people”, a …

Tax Taxes Budget Spending Public Billion Reeves
At a glance: How will the 2024 Autumn Budget affect me?
2 months, 1 week ago

At a glance: How will the 2024 Autumn Budget affect me?

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} Rachel Reeves announced …

Tax Budget National Income Tax Billion Reeves Increase
Italy making banks help with budget
2 months, 3 weeks ago

Italy making banks help with budget

China Daily  

By EARLE GALE in London | China Daily Global | Updated: 2024-10-17 09:27 Italy's Prime Minister Giorgia Meloni attends a roundtable meeting in Brussels, Belgium Oct 16, 2024. Italy will raise 3.5 billion euros through new levies on domestic banks and insurance companies, in a bid to overcome a 9-billion-euro black hole in its budget, Prime Minister Giorgia Meloni announced …

Italy Tax Billion Its Books
Tariff hike fears send importers scrambling
5 months, 1 week ago

Tariff hike fears send importers scrambling

China Daily  

By HENG WEILI in New York | China Daily Global | Updated: 2024-07-31 09:56 Footwear retailers and other importers in the United States may have to put on their running shoes in a rush to bring in goods before tariffs on China get raised again. Republican presidential nominee Donald Trump, who kicked off the tariff spree on Chinese imports in …

China Trump Footwear Imports Chinese Tariffs Tariff
Michigan lawmakers get final revenue estimates as they push to finalize the state budget
7 months, 3 weeks ago

Michigan lawmakers get final revenue estimates as they push to finalize the state budget

Associated Press  

LANSING, Mich. — State economists delivered their final economic forecast this year for Michigan and indicated that tax revenue will continue to stabilize, which they see as a positive development following years of record surpluses driven by pandemic-related funds. Michigan lawmakers are working to finalize the state budget ahead of their self-imposed July 1 deadline and Friday’s outlook on the …

Budget Michigan Revenue Senate State Billion Final
Federal Budget 2024: Winners and Losers
7 months, 3 weeks ago

Federal Budget 2024: Winners and Losers

ABC  

Treasurer Jim Chalmers has handed down the government's third budget, with a $300 power bill boon for every Australian household, but the purse strings kept tight on other measures. Winner: Housing The federal government will direct $1 billion of its National Housing Infrastructure Facility towards crisis and transitional accommodation for women and children fleeing domestic violence and for youth. They …

Health Support Mental Health Ukraine Medicare Tax International Students
Energy bill relief, rent assistance and cheaper medicines feature in budget aimed at cutting living costs
7 months, 3 weeks ago

Energy bill relief, rent assistance and cheaper medicines feature in budget aimed at cutting living costs

ABC  

In short: Every household will receive $300 in energy bill relief, with Commonwealth rent assistance also set to rise by 10 per cent. Every household will receive $300 in energy bill relief, with Commonwealth rent assistance also set to rise by 10 per cent. A $300 energy bill credit for every household, a 10 per cent increase to Commonwealth rent …

Energy Labor Tax Inflation Budget Relief Commonwealth
Tennessee lawmakers adjourn after finalizing $1.9B tax cut and refund for businesses
8 months, 2 weeks ago

Tennessee lawmakers adjourn after finalizing $1.9B tax cut and refund for businesses

Associated Press  

NASHVILLE, Tenn. — Tennessee’s GOP-controlled General Assembly on Thursday adjourned for the year, concluding months of tense political infighting that doomed Republican Gov. “Unfortunately some really really bad bills ended up passing.” While Lee was unable to find consensus on his voucher pitch — an initiative that he vowed to renew next year — he was able to secure a …

School Democratic Republican State House Public Tennessee
Tennessee Senate advances nearly $2 billion business tax cut, refund to prevent lawsuit
9 months, 2 weeks ago

Tennessee Senate advances nearly $2 billion business tax cut, refund to prevent lawsuit

Associated Press  

NASHVILLE, Tenn. — The Tennessee Senate on Thursday approved a nearly $2 billion tax and refund for businesses, a proposal designed to prevent threats of a potential lawsuit even as critics warned the so-called solution was rushed without being properly vetted and shrouded in mystery. Starting last fall, Republican legislative leaders say a law firm representing a large group of …

Business Senate Republican State House Tennessee Businesses
Georgia is spending more than $1 billion subsidizing moviemaking. Lawmakers want some limits
10 months, 1 week ago

Georgia is spending more than $1 billion subsidizing moviemaking. Lawmakers want some limits

Associated Press  

ATLANTA — Georgia House members are moving to tighten Georgia’s lucrative film tax credit, limiting the value of credits moviemakers can cash in by selling them to others and requiring them to spend more in the state. Thanks in large part to tax breaks, productions including “The Hunger Games,” the Marvel movies, the Fast & Furious installment “Furious 7” and …

Georgia Film Tax Credit Companies Production Companies State
Tennessee governor’s budget plan funds more school vouchers, business tax break, new state parks
11 months ago

Tennessee governor’s budget plan funds more school vouchers, business tax break, new state parks

Associated Press  

NASHVILLE, Tenn. — As Tennessee’s recent boom years fade with slower tax revenues, Gov. Bill Lee is forging ahead on some big-ticket items in his state budget proposal — among them, a dramatic expansion of taxpayer-funded vouchers to help kids attend private schools, a big tax break for businesses, and growth of state parks and natural areas. The Republican’s spending …

Health School Tax Hospitals State Billion Tennessee
Tax revenues of FY24 to be 17.2 pc more than last year
1 year ago

Tax revenues of FY24 to be 17.2 pc more than last year

Deccan Chronicle  

Chennai: Tax revenues of FY24 is expected to be 5 per cent higher than the budget estimate and 17.2 per cent higher than last year’s revenues. India Ratings expects it to reach Rs 24.5 trillion in FY24, five per cent higher than the budgeted Rs 23.3 trillion. However, capital receipts are lagging and were Rs 229.9 billion during April-October 2023 …

Billion Trillion Fy24 Tax Revenues Cent Higher Budgeted
Sri Lanka will get the second tranche of a much-need bailout package from the IMF
1 year ago

Sri Lanka will get the second tranche of a much-need bailout package from the IMF

Associated Press  

COLOMBO, Sri Lanka — The International Monetary Fund executive board approved the release of the second tranche of a $2.9 billion dollar bailout package to help Sri Lanka recover from the worst economic crisis in its history. In a statement, the fund said the decision Tuesday to release $337 million came after Sri Lanka had made “commendable progress” toward debt …

Sri Lanka Debt Billion Lanka Sri
India's Zomato posts first-ever profit earlier than expected
1 year, 5 months ago

India's Zomato posts first-ever profit earlier than expected

The Hindu  

India's Zomato posted its first-ever profit on Thursday, one quarter earlier than expected, helped by a tax gain and strong orders in its food and grocery delivery businesses. Zomato expected to hit this milestone in the September quarter, said Chief Financial Officer Akshant Goyal, adding that they were being conservative with that guidance. Gross order value — the total value …

Quarter Zomato Gov Blinkit
Victorian budget 2023 hits big business and landlords to pay back COVID-19 debt
1 year, 7 months ago

Victorian budget 2023 hits big business and landlords to pay back COVID-19 debt

ABC  

Big businesses, holiday-home owners and landlords will be asked to foot the bill for the Victorian government's COVID-19 debt, as part of a 10-year fiscal repair plan unveiled in the state budget. Key points: The COVID levy will impose increased taxes on big business and property owners over 10 years Net debt is still expected to rise to roughly a …

Business Tax Budget Debt Pay Schools Covid