Donald Trump, who won in part due to inflation that peaked two years ago, campaigned on a policy of making everything from vegetables to televisions more expensive, suggesting a plurality of voters either did not understand tariffs — and the rippling economic impact of raising taxes on imported goods — or simply did not believe the Republican candidate would follow …
Sri Lanka slapped a new 18 percent value added tax on fuel, mobile phones and computers from Monday to raise desperately needed revenue ahead of a foreign debt restructuring. An earlier VAT of 15 percent on other consumer goods was also increased to 18 percent as the government sought to shore up its finances while Sri Lanka emerges from its …
Sen. Rick Scott, the wealthiest lawmaker in the Senate, recently proposed an 11-point plan to "rescue America." That would mean U.S. households that currently are not required to pay income tax would have to send something more to the government in addition to the taxes they already pay for Social Security and Medicare, as well as local sales and property …
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