All articles tagged with #tax reforms
Alan Howard, co-founder of Brevan Howard Asset Management, has become a Swiss resident amid the UK's increasing taxes on the wealthy, joining other billionaires and investors relocating due to tax reforms under the Labour government. His move reflects a broader trend of wealthy individuals leaving the UK for more favorable tax regimes in Switzerland and Monaco.
UK Chancellor Rachel Reeves faces a smaller-than-expected fiscal gap due to strong pay growth, with recommendations from the Resolution Foundation to increase fiscal buffers, implement tax reforms, and address inflation to stabilize public finances ahead of the upcoming budget.
Chinese gold jewelers and smaller firms face significant challenges as new tax rebate policies reduce VAT deductions, leading to increased costs and potential price hikes, especially affecting non-member and non-exchange gold traders, while the role of exchanges and market transparency is expected to strengthen.
President Trump's 'One Big Beautiful Bill' Act introduces tax changes that benefit startup founders and investors by reducing capital gains taxes, expanding small business eligibility, and encouraging earlier exits and acquisitions, potentially boosting capital flow and innovation.
Prime Minister Narendra Modi emphasized the government's commitment to fighting corruption and prioritizing the welfare of vulnerable groups, stating that tax reforms have increased collections and instilled confidence in taxpayers. He highlighted the Niti Aayog report's findings on poverty reduction and interacted with tribal communities, promising power supply to every household and providing job opportunities through welfare schemes. A tribal woman shared her positive experience with various government initiatives.