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Four major Australian business organisations called on parliament to reject the first tranche of capital gains tax reforms during a two-day parliamentary inquiry that began this week. The Economics Legislation Committee is due to report by June 19.
Treasurer Jim Chalmers addressed One Nation's polling gains and defended proposed changes to negative gearing and capital gains tax at a Labor policy forum in Sydney.
Viral social media posts used AI images to criticize proposed changes to capital gains tax rules. Officials said the posts oversimplified the reforms and confirmed further consultation with start-up businesses.
washingtonpost.comThe federal government has introduced tax reforms limiting negative gearing on existing properties to new builds, adjusting the capital gains tax concession and applying a 30 per cent minimum tax rate to capital gains and family trusts. The measures, announced in the budget on Tu…
GB NewsWealthy families in Britain are increasingly withdrawing pension savings to transfer to adult children amid upcoming inheritance tax reforms. Financial advisers note a surge in requests driven by the changes set for April 2027, which will subject unused pensions to inheritance ta…
President Trump spoke to seniors at The Villages in Florida, emphasizing his administration's tax cuts and benefits for older Americans. He highlighted policies like no taxes on Social Security and reduced prescription drug costs. The speech included crowd interaction and critici…
Substrate placeholder — needs reviewThe UK Department for Work and Pensions has rejected a petition with over 30,000 signatures calling to halt planned tax changes to the Motability Scheme starting July 1, 2026. The reforms will require users to pay Insurance Premium Tax and VAT on new leased vehicles, increasing c…
Substrate placeholder — needs reviewJo Bamford, heir to the JCB manufacturing empire, stated that the company could relocate its base to the United States due to Labour's inheritance tax changes. He described the policies as a risk to family-owned businesses. The reforms limit full relief on business assets to £2.5…
Substrate placeholder — needs reviewTreasury Secretary Scott Bessent stated that nearly 30 million Americans have utilized tax deductions for tipped wages and overtime pay under the Trump administration's policies. The deductions were implemented as part of recent tax reforms. Bessent made the comments during a pub…