Trump Says Value-Added Taxes Will Be Considered Tariffs: What To Know About His Reciprocal Tariff Plan—And Its Inflation Impact
President Donald Trump said Saturday value-added taxes, taxes levied to goods during each stage of production which are ...
Hosted on MSN14h
Reps pass tax reform bills for second reading
The House of Representatives on Wednesday passed the tax reform bills for a second reading following an extensive and robust debate on the general principles of the legislation by lawmakers.The House ...
What Is the Value-Added Tax That Trump So Despises?
The president says the VAT system used across Europe gives other countries unfair trade advantages. Here’s how the system ...
Congress, not the president, decides on government spending − a constitutional law professor explains how the ‘power of the purse’ works
Congress has the authority to control government expenditures. Donald Trump is the latest president to try to get around that ...
New Income Tax Bill
Substantial reduction in the Act’s volume The review has led to a substantial reduction in the Act’s volume, making it more ...
New Income Tax Bill Promises a S.I.M.P.L.E. System: Here's What It Means
Built on the S.I.M.P.L.E. principles, the Income tax bill 2025 seeks to make taxation easier for individuals and businesses ...
Ray Dalio: We Need to Cut the Budget Deficit Now. Here’s How We Do It
In Ray Dalio's forthcoming book "How Countries Go Broke" he argues that the United States' budget deficit should be cut.
Kiplinger2d
Types of Income the IRS Doesn't Tax: What to Know for 2025
Disability compensation or pension payments from the Department of Veterans Affairs to U.S. military Veterans are tax-free as well. Government-issued bond interest is mostly tax-exempt ...
The Guardian Nigeria3d
Tax reform bills advance amid pushback on phasing out key agencies
After three hours of heated debate, the House of Representatives advanced the Tax Reform Bills to the next stage yesterday, ...
Tax Guru3d
Flat Taxes in India: Oversimplification or need of the hour?
A critical aspect of evaluating the flat tax system in India is understanding its fiscal feasibility and the steps necessary for its implementation. Given that India’s direct tax-to-GDP ratio hovers ...
The Guardian Nigeria5d
Lawyers with frivolous applications should be penalised, says Agbaje
The states went to court challenging the constitutionality of the anti-graft agency, and the Attorneys General were the ones who handled the matter.
Canada6d
Tax rates and income brackets for individuals
The Government of Canada sets the federal income tax rates for individuals. Each province and territory determines their own income tax rates. Provincial or territorial income tax rates apply in ...