Tag

Taxation

All articles tagged with #taxation

business14 days ago•2 min saved

Global Crypto Tax Enforcement Tightens Ahead of 2026 CARF Rollout

The UK has implemented new regulations requiring cryptocurrency users to share account details with HMRC to ensure proper tax compliance, including capital gains tax, with exchanges now responsible for automatically reporting user earnings to prevent tax evasion. The move aims to recover an estimated £300 million in unpaid taxes over five years and aligns with international efforts to regulate the crypto industry more effectively.

via BBC|

#business #cryptocurrency #hmrc

business25 days ago

House Lawmakers Propose Crypto Tax Clarity and Stablecoin Safeguards

A bipartisan group of House lawmakers has introduced a new crypto tax framework that includes provisions for a stablecoin safe harbor and staking deferral, aiming to clarify tax rules for digital assets.

via The Block|

#business #cryptocurrency #legislation

economy1 month ago•3 min saved

UBS: Governments to Boost Private Wealth to Prevent Debt Crisis

Governments are looking to mobilize private wealth, including incentives like tax-free bonds and potential wealth taxes, to address their soaring debt levels, especially amid the upcoming $80-124 trillion wealth transfer over the next 20 years, raising concerns about private sector investment access and fiscal sustainability.

via Fortune|

#economy #government-debt #private-wealth

jurisprudence2 months ago•7 min saved

Supreme Court's Ruling Could Challenge Trump's Tariffs

The Supreme Court examined challenges to Trump's 'Liberation Day' tariffs, revealing that these tariffs are essentially a tax on Americans and highlighting the economic and constitutional issues involved, including the president's broad power to impose tariffs under the IEEPA and the economic misconceptions surrounding trade deficits.

via Slate|

#international-emergency-economic-powers-act #jurisprudence #supreme-court

business3 months ago•8 min saved

Social Security 2026: Changes, Delays, and Shutdown Impacts

In 2026, Social Security will see several significant changes including a 2.7% cost-of-living adjustment, an increase in the full retirement age to 67, higher income tax caps for high earners, and the elimination of rules that previously reduced benefits for public sector workers. Additionally, the program faces a long-term funding crisis with depletion projected by 2034, requiring potential reforms.

via AOL.com|

#2026-changes #business #cola-adjustment

politics4 months ago•5 min saved

Elon Musk and the Rise of Trillionaire Entrepreneurs

The article criticizes the growing wealth inequality, highlighting the absurdity of trillionaires existing while ordinary workers struggle, and advocates for increased taxes on the wealthy, emphasizing that the time for redistribution is now, not in some distant future.

via Jacobin|

#cnn #economic-justice #politics

politics4 months ago•5 min saved

Norway's Tight Election Focuses on Wealth Tax and Poverty Concerns

Norway is holding a closely contested election between the Labour-led government and a center-right coalition, with key issues including taxation, wealth tax, and EU membership, amid international concerns over foreign policy and ethical investments.

via BBC|

#center-right #eu-membership #labour-party

sports4 months ago•2 min saved

Tommy Fleetwood's $10 Million Win at the Tour Championship

Tommy Fleetwood won his first PGA Tour title at the Tour Championship, earning $10 million, but due to US and UK tax laws, he could lose over half of his prize money through withholding taxes and income tax, leaving him with approximately £2.3 million after taxes.

via SPORTbible|

#golf #prize-money #sports

economy6 months ago•7 min saved

2026 Social Security Changes and Their Impact on Retirees

In 2026, Social Security beneficiaries can expect several significant changes, including a 2.6% cost-of-living adjustment, higher taxes for high earners, increased maximum payouts, expanded tax benefits for low- and middle-income seniors, higher income thresholds for early and disability benefits, stricter qualification criteria, and West Virginia's complete phase-out of state income tax on Social Security benefits.

via The Motley Fool|

#2026-changes #benefits #cola

world6 months ago•54 min saved

Spain and Brazil Lead Global Effort to Tax the Super-Rich and Reduce Inequality

Spain and Brazil are advocating for global measures to tax the super-rich in order to reduce inequality, emphasizing that taxing wealth rather than work could stimulate economies and address societal disparities, though critics argue such measures may be insufficient or counterproductive.

via Hacker News|

#economic-policy #inequality #super-rich

world6 months ago•2 min saved

Spain and Brazil Lead Global Effort to Tax the Super-Rich and Reduce Inequality

Spain and Brazil are advocating for a more equitable global tax system to address inequality, emphasizing increased transparency, data sharing, and potential creation of a global wealth registry, as part of efforts to ensure the ultra-rich contribute fairly and to meet sustainable development goals.

via UN News|

#global-tax-reform #inequality #taxation

law7 months ago•1 min saved

Supreme Court Rules in Favor of Catholic Charities on Religious Tax Exemptions

The Supreme Court unanimously ruled that Wisconsin unlawfully denied religious tax exemptions to Catholic-affiliated charitable groups, emphasizing the importance of government neutrality in religious matters under the First Amendment.

via NBC News|

#catholic-church #first-amendment #law

economy1 year ago•4 min saved

Tax-Dodging Billionaires Hinder Funding for Universal Public Goods

A report by Americans for Tax Fairness highlights how wealthy heirs, dubbed "billionaire nepo babies," exploit tax loopholes to preserve their fortunes, contributing little to public goods. These families, including those of Timothy Mellon and Wyatt Koch, use their wealth to influence politics, securing tax cuts that benefit them further. The report suggests reforms like the Ultra Millionaire Tax Act to address wealth concentration and fund public services, arguing that such measures would not significantly impact the ultra-wealthy but could reduce inequality.

via Common Dreams|

#billionaires #economy #political-influence

politics1 year ago•6 min saved

Trump's Social Security and Retirement Plans: What to Expect

President-elect Donald Trump aims to eliminate the taxation of Social Security benefits, a move popular among seniors but facing significant challenges. Despite Republican control of Congress, removing this tax would cut a crucial income source for Social Security, potentially hastening its financial shortfall. Additionally, achieving the necessary bipartisan support in the Senate seems unlikely, making changes to Social Security taxation improbable in 2025.

via The Motley Fool|

#donald-trump #politics #republicans

finance1 year ago•3 min saved

Key Social Security Updates for Retirees in 2025

In 2025, Social Security benefits will increase by 2.5% due to a cost of living adjustment (COLA), and the maximum monthly benefit will rise to $5,108. The income subject to Social Security taxation will increase to $176,100. Earnings limits for those below full retirement age will also rise, affecting how much can be earned before benefits are withheld. Disability and survivor benefits will see increases, and Medicare Part B premiums are expected to rise. These changes are crucial for retirees to consider in their financial planning.

via The Motley Fool|

#cola #finance #medicare