Politics
House Republican Breaks Ranks and Shreds Trump’s “Debt Bomb” Tax Bill
While Republicans managed to pass their budget bill through the House Thursday morning, one GOP representative was not happy, calling it a…
Tag
Tax
Politics
Republicans Sneak Massive Medicare Cuts Into Their Horrid Tax Bill
House Democrats immediately pounced. At a House Rules Committee meeting early Wednesday morning, ranking member Jim McGovern asked…
Business
US: Wall Street opens lower with focus on Trump's tax Bill
Wall Street’s main indexes opened lower on Wednesday (May 21), as investors awaited the outcome of a pivotal debate around US President…
Politics
Senate passes 'no tax on tips' bill by unanimous consent, pushed by Nevada Democrat
The Senate on Tuesday stumbled into quiet passage of a bill to fulfill President Trump's campaign pledge of "no tax on tips." Source link
Business
F&N H1 net profit rises 0.3% to S$84.1 million as tax incentive expires
Fraser and Neave (F&N) posted a 0.3 per cent rise in net profit to S$84.1 million for its first half ended Mar 31, from S$83.8 million a…
Business
Frasers Property H1 profit rises 147.6% to S$142.2 million on tax reversal
Frasers Property posted a 147.6 per cent jump in net profit to S$142.2 million for the first half ended Mar 31, 2025, from S$57.4 million…
Politics
Trump floats creating new tax bracket for wealthiest Americans: Reports
President Donald Trump this week told House Republicans to raise taxes on the richest Americans as part of their sprawling budget bill,…
Politics
Mexico cruise tax compromise is good news for cruisers, port towns
The cruise industry’s efforts to stop a $42 per-passenger cruise tax proposed by the Mexican government seems to have been successful.…
Business
Credit Suisse to pay US$511 million as part of agreement with US DOJ in tax evasion case
A CREDIT Suisse unit on Monday pleaded guilty to US charges of helping ultra-wealthy Americans evade taxes and will pay a fine of more…
Politics
An overwhelming majority of Americans don't want Trump tax cuts to expire
A majority of Americans don't support raising taxes, according to a new poll, which also bodes well for support of President Trump's plans…
Politics
There’s No Way to Replace the Income Tax with Tariffs
Even if it could raise enough revenue (which it can’t), it would undercut Trump’s other tariff goals. Source link
Politics
Congress Should Decide Harvard’s Tax Exemption
The Supreme Court should never have made the president the arbiter of the community’s conscience in deciding when colleges must be taxed.…
Politics
Trump Says He’s ‘Taking Away’ Harvard’s Tax Exempt Status
President Trump said on Friday that Harvard would lose its tax-exempt status, repeating his intent to enlist the Internal Revenue Service…
Politics
Republicans Wrestle With Trump’s Demands for Tax Cuts
It was easy to miss, but last weekend President Trump floated a fundamental rewrite of the American tax code. In a social media post, and…
Politics
The Tax Code Should Not Be a Game of Hide-and-Seek
Lawmakers should push against efforts to lift the SALT cap, and they should keep an eye toward bringing additional transparency to the tax…
Business
How a U.S. Tax Loophole Supercharged China’s Exports
When Congress raised the threshold for imported goods to enter the United States tax-free to $800 from $200 nearly a decade ago, it threw…
News
Student Loans: What resumption of payments means for taxes, Social Security
In less than a week, millions of student loan borrowers who have not been keeping up with their payments will face forced collections,…
Business
UOI Q1 profit before tax dips 3% to S$7.8 million on lower non-underwriting income
The fall is attributed to lower non-underwriting income, which dropped 12% to S$3.7 million United Overseas Insurance (UOI), the general…
Politics
ANC U-turn over tax that threatened South Africa's government
The party of South Africa's President Cyril Ramaphosa has reversed a controversial proposed value-added-tax (VAT) rise that had threatened…
Politics
Trump warns that a tax hike on the wealthiest Americans would drive them out of the country
President Trump said a tax on millionaires would be "disruptive" and drive them from the United States Source link
Politics
Trump’s Tariffs Tax Hike Not So Coincidentally Spares the Rich
Donald Trump’s tariffs will end up hurting most Americans, acting as a tax increase for nearly every income group, with a minimal impact…
Politics
Congress Must Prevent a Massive Tax Hike
If we fail to act, taxes will increase substantially and hundreds of thousands of jobs will be placed at risk at a time when the American…
Business
Local media report taken out of context in misleading posts about crude palm oil tax
Malaysia has no plans to implement a tax on crude palm oil in the near future, its finance ministry told AFP, rebutting social media posts…
Politics
Trump hints other nonprofits' tax status could be investigated after Harvard
President Trump hinted Thursday that nonprofit organizations other than Harvard University could face investigations of their tax-exempt…