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.
Browsing: tax reform
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.