Tag

Tax Reform

All articles tagged with #tax reform

business27 days ago•3 min saved

Record DAF Giving Surges as Expiring Tax Breaks and Markets Rally

DAFgiving360 reports a record $9.9 billion granted via donor-advised funds in 2025, up 28% from 2024, driven by strong market returns and expiring tax benefits under the One Big Beautiful Bill Act. About 74% of contributions were non-cash assets, as donors use DAFs to secure upfront tax deductions while they time grants to charities. New tax rules cut top-bracket benefits and cap itemized deductions, potentially slowing future giving and nudging donors away from direct 'checkbook philanthropy'.

via CNBC|

#business #charitable-giving #donor-advised-funds

politics1 month ago•4 min saved

Missouri Eyes Ballot to Phase Out Income Tax with Expanded Sales Tax

Gov. Mike Kehoe proposed placing a statewide ballot question to begin phasing out Missouri’s personal income tax within five years, funded by expanding the sales tax to cover digital and modern services (excluding agriculture, health care, and real estate). The move would require constitutional changes and legislative action, and faces opposition from Democrats who warn it could amount to a large tax increase even as Kehoe argues it would boost growth and provide local tax relief.

via Missouri Independent|

#ballot-measure #income-tax #missouri

politics1 month ago•2 min saved

Ferguson Charts Bold 2026 Agenda: Infrastructure, Tax Reform, and Housing

Gov. Ferguson used his first State of the State to urge bold, bipartisan action in the 2026 session on infrastructure, tax reform (including a millionaires’ tax), and housing, touting past bipartisanship, flood-resilience, and proposals to streamline permitting and FAFSA while promising to return revenue to residents.

via KOMO|

#government #housing #infrastructure

world1 month ago•7 min saved

US Secures Exemptions in Global Corporate Minimum Tax Deal

The OECD's agreement to exempt the US from its Pillar 2 tax reform is criticized for undermining global tax sovereignty and costing countries billions in lost revenue, with the Tax Justice Network highlighting the shift of profits and tax abuses by US multinationals. Meanwhile, UN-led negotiations are advancing a more equitable 'pay-where-you-play' approach, challenging the US and OECD's influence on global tax rules.

via Tax Justice Network|

#oecd #tax-reform #tax-sovereignty

world1 month ago•2 min saved

International Consensus Reached on Global Minimum Tax Framework

The OECD/G20 Inclusive Framework has reached a historic agreement among 147 countries on a comprehensive package to implement a global minimum tax, aiming to enhance tax certainty, reduce compliance burdens, and protect tax bases, especially in developing countries, with plans for implementation support and future simplifications.

via OECD|

#developing-countries #global-minimum-tax #international-tax-cooperation

business2 months ago•1 min saved

Japan Plans Tax Threshold Adjustments to Balance Economy and Defense Spending

Japan plans to raise the tax-free income threshold and expand deductions for middle-income earners as part of a tax reform deal to ease inflation pressures, benefiting about 80% of taxpayers with significant tax reductions, and including measures to boost corporate investment and fund higher defense spending.

via Reuters|

#business #income-threshold #japan

politics3 months ago•2 min saved

New Jersey Gubernatorial Race 2025: Key Insights and Predictions

Jack Ciattarelli advocates for supply-side economic policies in New Jersey, including full funding for special education, creation of new state agencies, and significant budget cuts to reduce the state's structural deficit, positioning himself as a reformer against perceived wasteful spending by opponents.

via Politico|

#cost-cutting #new-jersey #politics

world5 months ago•6 min saved

Greece's Tax Reform Uses Big Data and Drones to Overcome Crisis

Greece has transformed its inefficient tax system into one of Europe's most effective through digital innovation, boosting revenue, achieving a budget surplus, and improving its credit rating, despite ongoing social challenges.

via AP News|

#digitalization #economic-recovery #greece

business6 months ago•3 min saved

Trump’s Big Beautiful Bill Sparks Business Boom and Challenges

The One Big Beautiful Bill, a comprehensive tax reform legislation, is significantly boosting American businesses by increasing cash flow, encouraging investments, and fostering economic growth, with companies like AT&T, Johnson & Johnson, and Northrop Grumman reporting substantial benefits and optimistic outlooks.

via The White House (.gov)|

#american-business #business #cash-flow

business7 months ago•1 min saved

Trump Considers Eliminating Capital Gains Tax on Home Sales to Boost Housing Market

President Trump is considering removing capital-gains taxes on home sales to stimulate the sluggish housing market, aiming to increase supply and benefit buyers and sellers, with support from some Republican lawmakers and proposals like the No Tax on Home Sales Act.

via Barron's|

#business #capital-gains-tax #home-sales

politics7 months ago•4 min saved

Trump Considers Eliminating Capital Gains Tax on Home Sales to Boost Housing Market

President Trump has indicated support for legislation that would eliminate capital gains taxes on home sales, potentially impacting millions of homeowners by allowing them to sell their primary residence without paying taxes on profits exceeding $250,000 for singles or $500,000 for couples. This proposal comes amid ongoing debates about updating outdated tax policies and could significantly influence the housing market and affordability.

via Forbes|

#capital-gains-tax #home-sales #housing-market

business7 months ago•5 min saved

Americans Face Varying Tax Impacts and Political Shifts Under Trump's Policies

The new $3.4 trillion tax law signed by President Trump complicates the tax code by expanding benefits for certain groups like investors and high-income earners, while making effective tax rates vary widely based on earning sources and personal circumstances, moving away from the previous goal of simplification and potentially increasing inequality.

via Bloomberg|

#business #income-inequality #tax-deductions

economy7 months ago•5 min saved

Ray Dalio Warns of US Debt Crisis and Calls for Bipartisan Action

Ray Dalio criticizes the US Congress for passing the 'Big Beautiful Bill,' a costly law that extends tax cuts but significantly increases national debt, warning it could lead to economic crisis due to unsustainable spending and political gridlock.

via TheStreet|

#big-beautiful-bill #economy #fiscal-policy

business7 months ago•3 min saved

Congress Advances Crypto Tax Reforms Amid Bitcoin Surge

Bitcoin has surged towards its all-time high amid anticipation of a new 'groundbreaking' crypto bill introduced by Senator Cynthia Lummis, which aims to ease crypto tax regulations and promote innovation, potentially fueling a significant price boom driven by favorable U.S. policies and increased institutional investment.

via Forbes|

#bitcoin #business #crypto-bill

politics7 months ago•10 min saved

Overview of Key Tax Changes in Trump's 'Big, Beautiful' Bill

The article discusses how the Republican Party, under President Trump's influence, re-engineered the U.S. tax code by blending traditional supply-side economics with populist campaign promises, resulting in a mix of permanent corporate tax cuts, temporary populist measures, and significant cuts to social safety nets, which collectively favor the wealthy and increase economic inequality.

via The New York Times|

#politics #populist-measures #republican-tax-policy