LONDON — Prime Minister Boris Johnson once famously said he believed in having his cake and eating it, and during a career of dizzying highs and lows he often got what he wanted while avoided difficult choices.
Mr. Johnson now needs to choose between two emphatic but contradictory pledges: to put more resources into social care, but also to avoid raising taxes.
Companies Lobbying Infrastructure Tax Increase Have Avoided Paying Billions in Taxes
An infrastructure proposal that would raise the corporate tax rate is facing opposition in Congress from companies that have dodged tens of billions of dollars in taxes over the last decade.
Biden's American Jobs Plan would raise the corporate tax rate to 28 percent to help fund projects to rebuild highways and roads, expand high-speed broadband, build and renovate schools, and expand and upgrade power lines.
Want Social Security to Last? Here's How Much Your Taxes Could Go Up.
The 2020 Social Security Trustees' report was just released, and it gives us a close look at the program's financial condition and where it could be heading in the future. To put it mildly, the future doesn't look bright.
The good news is that we still have quite a bit of time before Social Security would be unable to pay its promised benefits, and the program can be fixed. The more quickly Congress acts, the easier the fix will be on Americans' wallets.
State Collected $619 Million More In Taxes In FY21 Than Experts Predicted – KIWARadio.com
Statewide Iowa — The latest tally shows the State of Iowa collected 10-point-six BILLION dollars in taxes and fees during the fiscal year that ended June 30th. That’s 619-million dollars ABOVE the estimate officials made in March.
Jared Dillian: Americans who say they pay taxes are probably lying | TribLIVE.com
What is the right number of people who should be exempt from paying income taxes? Most reasonable people should agree that number is far less than 61%. A household in the 61st percentile of income makes just under $90,000 a year.
This has very little to do with revenue generation (although if the government really was interested in raising more revenue, it would be easier to do it with the middle class than with the rich). It’s the principle that very little is asked of U.S.
Texas Is Underfunding Unemployment To Keep Business Taxes Low. Now It Owes $7 Billion And
The state was slammed with two years worth of unemployment claims in the first two months of the COVID-19 pandemic. The surge quickly drained the state's Unemployment Insurance Trust Fund.
The federal government bailed out Texas and 22 other states. The feds footed some amount of the bill for out-of-work Texans in 10 of the past 18 months, at a cost of $7 billion.
Capital Gains Tax Hike And More May Come Just After Labor Day
For folks who need to raise cash or reposition assets, it may be prudent to sell those assets in the next few days, warns CPA Bob Keebler of Green Bay, Wisconsin in an alert to tax and financial professionals on Leimberg Services.
So the thinking is that tax hikes are going to happen; it's just a matter of which ones and when. "It's like picking the NCAA bracket," says Keebler. "You don't know what the final deal's going to look like when it's carved at 3 in the morning."
Bad situation with city taxes and fiscal court | Opinion | news-graphic.com
For your personal edification, please find the attached pages from the Kentucky League of Cities; City Officials Legal Handbook. Contained therein is a summary of the state statutes governing occupational taxes.
Please bear in mind that the Franklin County Fiscal Court collects no occupational tax inside the city of Frankfort. As well, Clark County collects no occupational tax from employees who work inside the city of Winchester.
Rishi Sunak's fight to raise taxes to reform social care is nothing compared to financial battles
Honorary Research Fellow, City Political Economy Research Centre; Professor of Financial Journalism, 2009-2017, City, University of London
Steve Schifferes does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.
ICS Backs Bunker Carbon Taxes for Shipping - Ship & Bunker
Industry body the International Chamber of Shipping (ICS) has submitted an IMO proposal for global bunker carbon taxation.
On Friday the organisation submitted a proposal calling for a levy for ships over 5,000 GT , per tonne of carbon dioxide they emit, it said in a statement on its website on Monday.
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