Tag #Capital Gains Tax

theglobeandmail.com
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Freeland Reverses Capital Gains Tax Increase Amidst Leadership Bid

Chrystia Freeland reversed her support for a capital gains tax increase, a key policy in her 2024 budget, due to global economic changes and political considerations, less than a year after advocating for it to fund social programs and tax fairness.

Progress

52% Bias Score

Reduced Inequality
theglobeandmail.com
🌐 85% Global Worthiness
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Unpassed Tax Changes Create Uncertainty for Canadian Asset Managers

Canadian asset managers face uncertainty in filing 2024 tax returns for investment funds due to unpassed federal capital gains tax changes proposed in the 2024 budget, potentially requiring re-filing and amended tax slips if the changes don't pass.

Progress

52% Bias Score

Reduced Inequality
taz.de
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German Health Insurance Faces Funding Crisis Amidst Rising Costs and Stagnant Growth

Germany's statutory health insurance faces a funding crisis due to rising costs from aging and medical advancements, coupled with stagnant economic growth. Contribution rates have surged to 42.3 percent, exceeding a 2019 promise, sparking debate over solutions like taxing capital gains or implementi...

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36% Bias Score

Good Health and Well-being
zeit.de
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Habeck's Proposal to Include Capital Gains in German Social Security Sparks Debate

Germany's Green Party chancellor candidate, Robert Habeck, proposed including capital gains in social security contributions, sparking immediate criticism from CSU, FDP, and SPD, while receiving support from the SoVD, leading to a debate on fair taxation and social security funding.

Progress

48% Bias Score

Reduced Inequality
theglobeandmail.com
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Canadian Capital Gains Tax Hike Uncertain After Parliament Prorogation

Canada's planned capital gains tax hike, projected to generate $19.4 billion in federal revenue over five years, is uncertain due to Parliament's prorogation, creating financial risks for both federal and provincial governments and leaving the CRA administering the tax based on an unpassed motion.

Progress

40% Bias Score

Reduced Inequality
smh.com.au
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Australian Inheritance Tax and Share Transfers

In Australia, inheriting shares usually avoids capital gains tax for the recipient, but the deceased estate might still face tax on asset sales to cover debts; this exemption impacts wealth distribution and estate planning.

Progress

48% Bias Score

Reduced Inequality
forbes.com
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Capital Gains Tax Cut Urged to Boost Economy and Increase Revenue

This article advocates for a significant reduction in the capital gains tax rate, arguing that the current rate of almost 24% stifles economic growth and investment. It cites historical examples where tax cuts led to increased revenue and suggests the elimination of the tax would be optimal.

Progress

56% Bias Score

Reduced Inequality
welt.de
🌐 85% Global Worthiness
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Habeck's Capital Gains Tax Proposal Sparks Outrage in Germany

Robert Habeck, Germany's Green Party chancellor candidate, proposed taxing capital gains with social security contributions, sparking controversy due to concerns about impacting average savers. The Greens clarified the proposal targets high-income individuals with substantial capital gains, not aver...

Progress

52% Bias Score

Reduced Inequality
welt.de
🌐 85% Global Worthiness
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Debate over Including Private Health Insurance in Germany's Social System

German Health Minister Karl Lauterbach proposed including privately insured individuals in the social health insurance system, sparking criticism from the CSU and FDP who argue against taxing savings, while proponents highlight the need for broader financing to alleviate the burden on low and middle...

Progress

52% Bias Score

Reduced Inequality
theglobeandmail.com
🌐 85% Global Worthiness
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Unpassed Capital Gains Tax Rules Create Uncertainty for Canadian Taxpayers Amidst Economic Recession

Canada's proposed capital gains tax increase, though not passed into law, is being enforced by the CRA, creating uncertainty for taxpayers and potentially harming the economy as it faces six consecutive quarters of declining real GDP per capita. The political instability adds to the complexity.

Progress

60% Bias Score

Decent Work and Economic Growth
jpost.com
🌐 75% Global Worthiness
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Year-End Tax Planning: Using Losses to Offset Gains

High stock market returns are prompting some investors to sell, raising capital gains tax concerns; however, tax-loss harvesting offers a viable strategy to reduce tax burdens, necessitating professional financial and tax advice.

Progress

44% Bias Score

Reduced Inequality