Labour Party puts pressure on Reeves to raise capital gains tax
The Labour Party could increase capital gains tax in its first budget Rachel Reeves is facing pressure from members of her shadow cabinet to raise capital gains tax in her first autumn budget if Labour is elected on July 4….
A grim budget in sight, likely tax increases and spending cuts
Remember the “grim economic legacy” that the new government keeps talking about? Earlier in the summer Rachel Reeves She produced a document suggesting that the state of the UK economy and public finances was so dire – so much worse…
Taxes from the British financial sector cover the country’s entire education budget
“Financial and related professional services are a significant and consistent source of tax revenue for the government,” said Miles Celic, chief executive of TheCityUK. The British financial sector generated record tax revenues for the government last year, underlining the sector’s…
German tax revenues fell by 7.9 percent in July
By Maria Martinez BERLIN (Reuters) – Tax revenues of the German federal and state governments fell sharply in July compared to the same month last year. The reason for this was significantly lower revenues from sales tax, the Finance Ministry…
How many people actually pay income tax in India? What impact does this have on the economy?
The number of taxpayers in India is reportedly 1.46 crore, the Central Board of Direct Taxes confirmed in a tweet. This is a small number considering the total population of 130 crore. The CBDT further clarified that one crore taxpayers…
13 Nebraska senators reiterate their stance against mobile gambling as tax debate continues
LINCOLN, Nebraska (WOWT) – Following the legalization of casinos in Nebraska and with gambling becoming increasingly important in the sports and entertainment industries, some lawmakers say it’s time to hit the brakes in the Cornhusker State. A special session dealing…
Georgia’s net tax revenues rise 2.7% in July despite income tax decline of $5.2 million
Georgia Governor Brian Kemp’s office announced Tuesday that the state’s net tax revenue increased to $2.56 billion in July. According to the state, net sales increased 2.7% in the first month of fiscal year 2025, up $66.3 million from the…
Business owners in East Moline are demanding that the city fulfill its tax revenue promises
EAST MOLINE, Ill. (KWQC) – East Moline’s 1.5 percent food and beverage tax is causing frustration among local business owners who feel the city has failed to keep its promises. The tax was introduced to finance new hiring and performance…
