Trump’s new tax law introduces significant changes set to reshape both personal and business finances. With updated tax brackets and deductions, these key provisions take effect next tax year, revolutionizing how Americans approach their taxes
Browsing: tax reform
The tax and spending bill proposed by former President Trump is set to take effect in early 2025, pending Congressional approval. This bold legislation aims to reshape fiscal policy dramatically, just in time for the crucial midterm elections
Japan is sending shockwaves through the crypto world with a bold proposal to redefine cryptocurrencies. This groundbreaking move could unlock the door for crypto ETFs and dramatically cut tax rates for investors, igniting fresh growth and attracting a wave of new participants to the market
Italy is dramatically cutting the VAT on art sales to a mere 5%-the lowest rate in the entire EU-in a bold move to spark new life into the cultural sector. This “momentous” decision is set to ignite growth in the art market and celebrate creativity throughout the nation
Friedrich Merz unveils a bold €46bn corporate tax cut plan aimed at turbocharging Germany’s economy. This ambitious strategy is set to spark fresh investment and fast-track growth amid a sluggish recovery, igniting vibrant debates on fiscal responsibility and the country’s competitive future
Germany is reportedly gearing up to introduce a 10% digital tax aimed at tech giants like Alphabet and Meta, seeking to boost revenue from their massive online activities within the country, sources reveal
In a bold move, a recent proposal in France aims to scrap the 10% tax allowance for retirees, a change that could significantly affect the financial well-being of countless seniors. Supporters of the measure argue that it promotes fairness within the tax system, but critics warn it could add further strain on retirees who are already grappling with escalating living expenses.
In a historic move, Senate Republicans have broken longstanding norms to expedite Donald Trump’s tax cut agenda. The decision, aimed at boosting economic growth, has drawn criticism from Democrats who argue it exacerbates income inequality.
Canada has officially canceled its proposed increase in the capital gains tax, a decision met with mixed reactions. Critics argued it could stifle investment, while supporters claimed it was necessary for equitable taxation. The government aims to focus on economic stability.
Brazil is set to implement a new tax on overseas profits and high incomes as part of a strategy to balance a larger tax exemption. This move aims to enhance fiscal stability while addressing income inequality, according to sources close to the government.