Articles for Treasury Officials

The IRS is at risk of losing $20 billion in funding without legislative intervention
3 weeks, 6 days ago

The IRS is at risk of losing $20 billion in funding without legislative intervention

Associated Press  

WEST PALM BEACH, Fla. — Already bracing for funding cuts under a new Trump administration, U.S. Treasury officials are calling on Congress to unlock $20 billion in IRS enforcement money that is tied up in legislative language that has effectively rendered the money frozen. ”If they don’t get that $20 billion that is at risk they would run out of …

Tax Congress Trump Treasury Billion Irs Agency
Reeves softens plans for crackdown on non-doms
2 months, 4 weeks ago

Reeves softens plans for crackdown on non-doms

The Telegraph  

Rachel Reeves is considering abandoning her pledge to abolish non-dom status over fears it may fail to raise any money. Labour included a pledge to end the tax perk for wealthy residents who are domiciled overseas in its manifesto, hoping the policy would raise £1 billion a year. The Chancellor had hoped that ending non-dom status would raise at least …

Treasury Officials Reeves Softens
Labour raids 10MILLION pensioners... and tax hikes ARE coming: Reeves strips most OAPs of winter fuel payments and flags 'difficult decisions' in Budget as she blames Tories for £22bn hole in public f
4 months, 3 weeks ago

Labour raids 10MILLION pensioners... and tax hikes ARE coming: Reeves strips most OAPs of winter fuel payments and flags 'difficult decisions' in Budget as she blames Tories for £22bn hole in public f

Daily Mail  

Rachel Reeves raided pensioners and signalled tax hikes are coming today as she claimed there is a £22billion hole in the public finances. Speaking at a press conference tonight, Rachel Reeves defended limiting winter fuel payments to only those on benefits while hiking junior doctors pay The Chancellor said she had no choice but to strip all pensioners who do …

Government Winter Tax Labour Credit Payments Budget
Labour's tax trick: Rachel Reeves will unveil doomsday claim about £20bn hole in public finances TODAY as she slashes road projects and paves the way to hike the burden on Brits - but will still sign
4 months, 3 weeks ago

Labour's tax trick: Rachel Reeves will unveil doomsday claim about £20bn hole in public finances TODAY as she slashes road projects and paves the way to hike the burden on Brits - but will still sign

Daily Mail  

Rachel Reeves is unveiling doomsday claims about a £20billion hole in the public finances today as she paves the way for tax hikes. And despite the dire warnings Ms Reeves has been making clear she is giving the green light for an inflation-busting 5.5 per cent pay rise for public sector workers - estimated to cost £8billion. Ms Reeves pictured …

Tax Labour Income Tax Treasury Public Reeves Cut
Australia's housing crisis in 10 graphs, from the federal budget
7 months, 1 week ago

Australia's housing crisis in 10 graphs, from the federal budget

ABC  

The Albanese government knows Australia has a housing problem. "Australia's housing system has been unable to build enough new housing stock to keep up with the needs of our population," it warns. Australia's housing supply is low by international standards The government has pointed out that Australia has fewer dwellings per 1,000 people than the OECD average. Supply shortages contribute …

Social Housing Supply Social Housing New Housing Budget Stock
Treasury Officials to Help Pensioners Clear Technical Glitches
1 year, 4 months ago

Treasury Officials to Help Pensioners Clear Technical Glitches

Deccan Chronicle  

VIJAYAWADA: The AP government would contact the government service pensioners who failed to get their biometric fingerprints and iris scan done or failed to submit their life certificates to avail pension. AP has nearly 3.61 lakh pensioners or retired government employees and their dependent family members availing service pension and family pension. Nearly, 3.51 lakh pensioners submitted their life certificate …

Pension Pensioners Treasury Submit Certificate Treasury Officials
G7 tightens sanctions against Russia: Will they be effective?
1 year, 7 months ago

G7 tightens sanctions against Russia: Will they be effective?

Firstpost  

The US and other Group of Seven nations rolled out a new wave of global sanctions against Russia over its invasion of Ukraine as they met Friday during a summit in Japan. The purpose is to “fully map holdings of Russia’s sovereign assets that will remain immobilised in G7 jurisdictions until Russia pays for the damage it has caused to …

War Ukraine Russia Japan Sanctions Russian Kremlin
Here come more sanctions: How effective are they are stopping Russia’s invasion of Ukraine?
1 year, 7 months ago

Here come more sanctions: How effective are they are stopping Russia’s invasion of Ukraine?

Associated Press  

WASHINGTON — The U.S. and other Group of Seven nations rolled out a new wave of global sanctions against Russia over its invasion of Ukraine as they met Friday during a summit in Japan. Treasury Secretary Janet Yellen said the newest sanctions will tighten the grip on Russian President Vladimir Putin’s “ability to wage his barbaric invasion and will advance …

War Ukraine Russia Sanctions Treasury Russian Kremlin
The federal budget's forecasts have relied on dodgy assumptions for years
3 years, 7 months ago

The federal budget's forecasts have relied on dodgy assumptions for years

ABC  

The federal government will release its budget this week. However, when you thumb through past budget papers, you'll notice Treasury officials have consistently been assuming that annual wages growth will rise to 3.5 per cent "in a few years". These were Mr Frydenberg's forecasts for the unemployment rate, in his 2019-20 budget: Treasurer Josh Frydenberg was expecting the unemployment rate …

Employment Growth Budget Unemployment Treasury Wages Cent