tax policy
60 stories related to this topic, newest first.
leftfootforward.orgHMRC Removes VAT Charge on Certain Business Donations to Charities, Subject to Value Limits
HM Revenue and Customs confirmed that VAT-registered businesses can donate eligible goods to registered charities without incurring additional tax charges. The change removes a prior requirement that companies pay VAT on items they had already reclaimed tax on when donating them.
theconversation.comGreens Threaten to Block NDIS Changes Unless Senate Inquiries into Both NDIS and Tax Bills Are Extended
The Greens have told Labor that rushing the NDIS bill through the Senate in the next sitting fortnight would be a red line. The Coalition and Greens are both seeking extended scrutiny of separate legislation before the 2 July recess.
techjuice.pkIndia Cuts Taxes on Foreign Bond Investments
India reduced taxes on foreign bond purchases to attract capital and support the rupee. The measures target overseas investors in government and corporate debt.
BenzingaSenator Proposes 50% Stock Tax on Largest AI Companies
A senator announced plans to introduce legislation that would impose a one-time 50% tax on stock of the largest AI companies. The measure would create a sovereign wealth fund giving the public an ownership stake and input on AI development.
foxnews.comPortland Subsidized Housing Vacancy Hits 11% as Production Reaches Record Levels and Rents Approach Market Rates
Nearly 2,000 federally subsidized apartments in Portland remain empty while developers offer concessions to attract tenants. The Low-Income Housing Tax Credit, which funds most new affordable units nationwide, sets rents at levels many low-income households cannot reach.
michaelwest.com.auABS Data Shows Illicit Nicotine at 80% of Australian Consumption in 2025 as Legal Tobacco Spending Falls
New wastewater testing shows illegal cigarettes and vapes now dominate the market. Government excise forecasts were cut by nearly half for the next five years.
urbanmilwaukee.comLabor Pushes Negative Gearing, Family Trust and Capital Gains Tax Changes Through Lower House Amid Coalition Opposition and Greens Concerns
The Australian government will move budget legislation through the lower house on Thursday targeting negative gearing, family trusts and capital gains tax. The Coalition plans to split the bill while the Greens seek a Senate inquiry over discretionary powers.
reviewjournal.comABS Data Shows Nicotine Consumption Up 40% Since 2017 as Illegal Tobacco Share Rises to 80%
The Australian Bureau of Statistics reported nicotine use rose 40% from 2017 to 2025 while legal tobacco revenue fell to a 14-year low.
order-order.comTreasury Reports 97 Percent of Tax Filers Received Cuts Totaling $82 Billion
Data released Tuesday showed nearly all filers benefited from the One Big Beautiful Bill Act passed last year. The law prevented a scheduled $5 trillion tax increase that would have followed expiration of the 2017 tax law.
theweek.comMost Unused Pension Pots to Face Inheritance Tax from April 2027, HMRC Publishes Initial Guidance
HM Revenue and Customs issued a technical note detailing how most unused pension pots and death benefits will be included in estate valuations for inheritance tax purposes starting April 6, 2027.
SemaforDR Congo Adds Lithium to Higher-Tax Strategic Minerals List
The Democratic Republic of Congo placed lithium in a higher 10% royalty bracket along with four other minerals. The move targets increased government revenue from mining operations in the southeastern region.
Washington ExaminerSanders Proposes Sovereign Wealth Fund Financed by One-Time Stock Tax on Major AI Companies
Sen. Bernie Sanders outlined a plan for a sovereign wealth fund financed by a one-time 50% tax paid in stock from companies including OpenAI, Anthropic, and xAI. The proposal appeared in a New York Times op-ed published Monday morning.
koreaherald.comBipartisan Bill Proposes $2,000 Tax Credit for Newborns
A bipartisan group of lawmakers introduced the Supporting Newborn Parents Act of 2026, which would create a standalone $2,000 tax credit for families with a newborn. The credit could be received as a lump sum or advance payment and would follow income-based eligibility rules alig…
japantimes.co.jpOfficials Plan Talks With Oil Executives Over Foreign Tax Rules
Government officials have called meetings with oil company executives to discuss proposed changes to tax treatment of foreign operations. The discussions focus on closing certain overseas tax provisions.
The TimesHospitality executives seek reversal of tax increases over youth employment
Business leaders in the hospitality sector have urged officials to reverse recent tax increases, citing concerns about youth employment levels. The request follows a report warning of long-term workforce impacts.
Peter Thiel Purchases Home in Buenos Aires and Enrolls Children in Local Schools
The PayPal and Palantir cofounder met President Javier Milei on April 23. Business Insider reported the moves follow a record 142,000 high-net-worth individuals migrating last year.
techcentral.co.zaPeter Thiel Visits Argentina, Meets Officials During Citizenship Data Review
PayPal co-founder Peter Thiel has spent time in Buenos Aires and met with senior Argentine officials. Treasury data show U.S. citizenship renunciations rose from roughly 200-400 per year before 2009 to about 4,800-5,000 in 2024. Experts say the absolute numbers remain small relat…
swissinfo.chHMRC Urges Married Couples to Check Eligibility for Marriage Allowance
HM Revenue and Customs is encouraging married couples and civil partners in Britain to verify eligibility for the marriage allowance, which can reduce annual tax bills by up to £252. The allowance permits transfer of up to £1,260 of an unused personal allowance between partners.
rnz.co.nzAustralian Government Tax Legislation Reaches Parliament
The government introduced tax changes to parliament this week. A podcast examined the effort to promote the measures along with polling on opposition parties.
citizen.co.zaKenya President Proposes Income Tax Exemption Below KSh30,000
President William Ruto announced plans to exempt Kenyans earning KSh30,000 and below from income tax. The proposal would create an estimated KSh40 billion revenue gap.
nypost.comCalifornia Poll Shows 54% Support for Proposed Billionaire Wealth Tax
A Public Policy Institute of California survey found that 54% of likely voters back a one-time 5% levy on residents with assets above $1 billion. Labor unions say they have collected enough signatures to place the measure on the November ballot.
cnet.comNew York State Approves Tax Increase on Non-Primary Residences Valued at $1 Million or More
State lawmakers enacted a new tax targeting second homes in New York City. The measure applies to non-primary residences assessed at $1 million and above.
Trump Accounts Offer $1,000 Government Deposit for U.S. Children Born 2025-2028
The One Big Beautiful Bill Act created tax-advantaged accounts for families with children born between 2025 and 2028. The accounts include a $1,000 federal deposit and allow annual contributions up to $5,000. An official app launched on May 28, 2026.
thetyee.caReason.com Op-Ed Advocates Ending Senior Property Tax Breaks
An opinion piece published by reason.com argues that property tax exemptions for senior citizens shift costs to other taxpayers unless governments also cut spending on public services.
rove.meNew York State Budget Includes Second-Home Tax and ICE Limits
The $269 billion state budget signed by Gov. Kathy Hochul adds a tax on second homes and places new restrictions on federal immigration enforcement. The measures form part of broader policy changes passed with the spending plan.
Substrate placeholder — needs reviewCalifornia Proposes One-Time 5% Tax on Billionaire Wealth
Voters will decide in November on a measure that would collect roughly $100 billion over five years from about 200 resident billionaires. Most proceeds would offset projected state health-care funding losses tied to federal cuts.
foxnews.comNew York Lawmakers Near Vote on Tax for Secondary Homes Over $5 Million
State legislators plan to vote Wednesday on a measure that would apply a new levy to second homes valued at $5 million or more. The tax is part of the state budget package and could take effect July 1.
Australia to Introduce Capital Gains Tax Legislation Thursday
Labor will introduce legislation on Thursday that replaces the 50 percent CGT discount with an inflation-linked reduction. The government is still consulting on possible carve-outs for startups and biotechnology firms. Industry leaders say the unresolved details have already affe…
ReasonHigh Liquor Taxes and Home Distillation Ban Sustain Black Market Sales
Federal and state alcohol taxes combined with a nationwide ban on home distillation continue to support an illegal market for distilled spirits. Courts may review the distillation restriction, but tax levels remain unchanged.
Washington ExaminerBipartisan Bill Would Create $2,000 Newborn Payment
A bipartisan group of lawmakers introduced the Supporting Newborn Parents Act of 2026 to provide up to $2,000 to parents at the birth of a child. The measure would add an estimated $71 billion in federal spending over ten years.
futurity.orgOpinion Piece Proposes Tax for Citizens Who Skip Military Service
An opinion article published May 26, 2026, argues that people who do not serve in the military should face a financial penalty modeled on Switzerland's compensatory tax system.
Australian Government to Introduce Capital Gains Tax Bill Thursday
The federal government will introduce legislation on Thursday that links capital gains tax changes, negative gearing restrictions, and income tax relief. Labor plans to rely on the Greens to pass the bill in the Senate.
nypost.comJeff Bezos Discusses Taxes and Capitalism in CNBC Interview
Amazon founder Jeff Bezos stated in a CNBC interview that for-profit companies create more societal value than charitable giving. He also proposed eliminating federal income taxes for the bottom half of earners.
dnaindia.comKenya Treasury Official Rejects Claim of New Land Tax in Finance Bill 2026
National Treasury Cabinet Secretary John Mbadi stated that the proposed Finance Bill 2026 does not introduce annual charges on freehold land. He attributed public discussion of the issue to misinformation and urged reliance on official documents.
techcentral.co.zaKenya Treasury Proposes Single 25% Excise Duty on Mobile Phones
Treasury Cabinet Secretary John Mbadi said the government is not introducing a new tax on mobile phones. Officials instead seek to replace multiple existing levies with one consolidated excise duty collected at activation.
Greens open to inquiry on capital gains tax changes
The minor party said it will review draft legislation before deciding whether to support an inquiry. Labor aims to pass the changes by July.
The Sydney Morning HeraldAustralian government tax changes prompt debate over capital gains and small business rules
The government introduced budget measures that alter capital gains tax treatment and address housing costs. Reporting shows mixed early polling results and criticism from the technology sector. Officials have signaled possible adjustments to the proposals.
montrealgazette.comUK Ends Home Working Tax Relief and Rejects £18,000 Personal Allowance Increase
HM Revenue and Customs ended the flat-rate home working tax relief on April 6. The Treasury rejected a petition to raise the personal allowance to £18,000, citing an annual cost exceeding £40 billion.
alternet.orgLeft-Leaning Groups Promote Health Care and Tax Policies in Competitive House Races
Left-leaning organizations are promoting universal health care and higher taxes on the wealthy in several competitive House districts that Democrats aim to win in November. The effort targets voters in Republican-leaning areas.
under30ceo.comReform UK Proposes Tax-Free Overtime Above 40 Hours
Reform UK called for income tax on overtime above a 40-hour week to be scrapped for workers earning under £75,000. The party estimated the measure would cost £5 billion annually and would be funded by welfare cuts.
Australian Government Defends Tax Changes After Young Voters Protest
The Labor government is facing criticism over budget measures that expand the capital gains tax discount to shares and other assets. Ministers have described complaints as scare campaigns while young investors seek clarification on how the rules apply.
The Sydney Morning HeraldAI-Generated Memes Target Australian Tax Policy Changes
Business owners posted AI-altered images of the prime minister after a budget proposal to reduce capital gains tax concessions. The images depict the prime minister as a part-owner of small businesses with a 47 per cent stake.
The Sydney Morning HeraldSydney Townhouse Sells for $2.19 Million at Auction
A three-bedroom fixer-upper in Glebe attracted two bidders and sold for $2.19 million on Saturday. The result followed federal tax changes announced by Treasurer Jim Chalmers that altered incentives for investors and first-home buyers.
FortunePresident speaks on tax law at New York event with Republican congressman
The president addressed tax policy during an appearance in a competitive House district. The event also featured discussion of local tax deductions and voter concerns.
rnz.co.nzUK Chancellor Announces Cuts to Food Tariffs and VAT on Children's Activities
Chancellor Rachel Reeves introduced tariff reductions on about 100 imported food items and lowered VAT to 5 percent on children's meals and summer attractions. The package also includes free summer bus travel for children and a higher tax-free mileage allowance for work-related d…
The DispatchTrump Settles IRS Lawsuit, Creates $1.776 Billion Fund for Alleged Lawfare Victims
President Trump reached a settlement with the IRS over a 2019 tax-return leak. The agreement establishes a Department of Justice fund and bars future IRS audits of Trump, his family, and their businesses.
rnz.co.nzLabour Bill Would Allow Regional Mayors to Levy Up to £300 on Overnight Stays
The Overnight Visitor Levy Bill, introduced in this month's King's Speech, would permit England's regional mayors to impose charges on domestic overnight accommodation. Ten of the fourteen regional mayors are considering or planning to introduce the levy.
thegatewaypundit.comPoll Finds Lower Awareness of Caregiving Tax Credits Among Middle-Income Families
A Bipartisan Policy Center survey shows reduced familiarity with the Child Tax Credit and related benefits among households earning $50,000 to $100,000. The poll links lower uptake to eligibility confusion and complex claiming rules.
Usa TodayCity Collects $9 Million in Fines from Amazon
City officials announced receipt of more than $9 million in idling fines from Amazon. The payment came the same week a public exchange occurred between the mayor and Jeff Bezos over tax policy.
Fox NewsRepublican Candidate Caroline Shinkle Criticizes New York City Mayor Zohran Mamdani's Policies
Republican congressional candidate Caroline Shinkle said Mayor Zohran Mamdani's tax and crime policies are driving businesses and residents from New York City. She is running in the June 23 primary to replace retiring Representative Jerry Nadler in New York's 12th Congressional D…
Trump Campaigns for Tax Law in New York District
President Donald Trump spoke at Rockland Community College in Suffern, New York, on May 22, 2026, to highlight last year’s tax law and the expanded state and local tax deduction. The event featured Rep. Mike Lawler, whose district is one of the most closely watched House races th…
indiatoday.intoday.inPodcast Discusses Massie Primary Loss, Bezos Tax Idea, California Squatter Cases
Robby Soave and Christian Britschgi reviewed recent political and policy developments. They covered Rep. Thomas Massie's primary defeat, Jeff Bezos' comments on income taxes, and property disputes involving squatters in California.
The Sydney Morning HeraldAustralian Budget Targets Asset Owners to Fund Tax Cuts
The federal government presented a May 2026 budget that raises taxes on certain investments while planning future tax cuts for workers. Opposition parties described the measures as unfair and politically motivated.
The Sydney Morning HeraldAustralian Budget Raises Taxes on Capital Gains and Investor Concessions
Labor's 2026 budget includes higher taxes on capital gains and investor concessions. The Coalition has responded with promises of ongoing tax cuts and reduced immigration. Several independents and business founders have raised concerns about effects on startups and housing constr…
Australian Government Announces Budget Measures
The Albanese government encountered criticism after releasing its budget, with opponents highlighting broken promises and changes to capital gains tax rules. Social media activity and statements from business groups amplified objections to the measures.
Treasurer Asked to Release Modeling on Capital Gains Tax Changes
Business groups have called on Treasurer Jim Chalmers to publish modeling on how proposed capital gains tax changes will affect productivity. The government says the changes will support productivity over time by reducing tax-driven investment decisions.
Substrate placeholder — needs reviewFrench Officials Rule Out Tax Increases and Broad Fuel Tax Cuts in 2027 Budget
French officials stated there will be no proposed tax increases in the 2027 budget plan. They also said the government is against broad fuel tax cuts.
morningstaronline.co.ukTurkey Approves Tax Amnesty for Exporters
Turkish lawmakers passed a tax amnesty package aimed at supporting exporters and attracting foreign investment. The measures come as the country faces economic strain linked to ongoing conflicts.
Usa TodayBezos Says Higher Taxes on Him Would Not Help Teachers
Jeff Bezos said raising taxes on high earners would not directly help a nurse or teacher in Queens. Zohran Mamdani replied that the debate should focus on how much more the wealthy should pay.
New York PostJeff Bezos Proposes Zero Federal Income Tax for Bottom Half of Earners
Amazon founder Jeff Bezos said the bottom 50 percent of U.S. earners should pay no federal income tax. He made the remarks in a CNBC interview and said he plans to discuss the idea with President Trump.