IRS Removes Sections of Internal Revenue Manual Following Trump's DEI Executive Order
Following President Trump's executive order targeting DEI initiatives, sections of the IRS Internal Revenue Manual (IRM) have been removed, impacting access to information on Offers in Compromise, the Large Business and International division, and programs serving diverse taxpayers, including the Ta...
IRS Removes Sections of Internal Revenue Manual Following Trump's DEI Executive Order
Following President Trump's executive order targeting DEI initiatives, sections of the IRS Internal Revenue Manual (IRM) have been removed, impacting access to information on Offers in Compromise, the Large Business and International division, and programs serving diverse taxpayers, including the Ta...
Progress
32% Bias Score
Senate Confirms Scott Bessent as Treasury Secretary
The U.S. Senate confirmed Scott Bessent as Treasury Secretary on Monday in a 68-29 vote, marking a historic appointment as the first openly gay individual in the role; Bessent's priorities include balancing tax cuts, deficit reduction, tariff policy, and increasing domestic oil production.
Senate Confirms Scott Bessent as Treasury Secretary
The U.S. Senate confirmed Scott Bessent as Treasury Secretary on Monday in a 68-29 vote, marking a historic appointment as the first openly gay individual in the role; Bessent's priorities include balancing tax cuts, deficit reduction, tariff policy, and increasing domestic oil production.
Progress
40% Bias Score
Trump's First Day Actions: Tax and Estate Planning Implications
President Trump's first day back in office (January 20, 2025) saw executive orders impacting tax and estate planning, including a return-to-in-person work mandate, a hiring freeze (excluding the IRS), redefinition of birthright citizenship potentially altering estate tax implications, and withdrawal...
Trump's First Day Actions: Tax and Estate Planning Implications
President Trump's first day back in office (January 20, 2025) saw executive orders impacting tax and estate planning, including a return-to-in-person work mandate, a hiring freeze (excluding the IRS), redefinition of birthright citizenship potentially altering estate tax implications, and withdrawal...
Progress
40% Bias Score
Pressure Mounts on Chancellor to Rule Out Pension Tax Raid
Following the appointment of pensions minister Torsten Bell, who has previously advocated for major pension tax reforms, industry experts are urging Chancellor Rachel Reeves to rule out further tax increases on retirement savings to avoid a repeat of the pre-Budget rush to withdraw funds, leaving ma...
Pressure Mounts on Chancellor to Rule Out Pension Tax Raid
Following the appointment of pensions minister Torsten Bell, who has previously advocated for major pension tax reforms, industry experts are urging Chancellor Rachel Reeves to rule out further tax increases on retirement savings to avoid a repeat of the pre-Budget rush to withdraw funds, leaving ma...
Progress
52% Bias Score
France Plans €30 Billion in Spending Cuts for 2025 Budget
The French government, led by François Bayrou, plans €30 billion in spending cuts for its 2025 budget, avoiding tax increases for middle and lower classes, to reduce the public deficit to 5.4% of GDP and address France's high public debt.
France Plans €30 Billion in Spending Cuts for 2025 Budget
The French government, led by François Bayrou, plans €30 billion in spending cuts for its 2025 budget, avoiding tax increases for middle and lower classes, to reduce the public deficit to 5.4% of GDP and address France's high public debt.
Progress
48% Bias Score
Spain's Ministry of Finance Considers Not Adapting IRPF to SMI Increase
Spain's Ministry of Finance is considering not adapting the personal income tax (IRPF) to the upcoming increase of the minimum interprofessional salary (SMI), which would cause low-income earners to pay over 40% tax on income above €15,876, resulting in additional tax burdens of €233-€300 annually f...
Spain's Ministry of Finance Considers Not Adapting IRPF to SMI Increase
Spain's Ministry of Finance is considering not adapting the personal income tax (IRPF) to the upcoming increase of the minimum interprofessional salary (SMI), which would cause low-income earners to pay over 40% tax on income above €15,876, resulting in additional tax burdens of €233-€300 annually f...
Progress
56% Bias Score
Arnault Threatens to Relocate LVMH from France Over Tax Increase
Following a meeting with Donald Trump at his inauguration, Bernard Arnault, CEO of LVMH, threatened to relocate his company from France if the government proceeds with its planned increase in corporate taxes, citing the US's lower tax rates as an incentive.
Arnault Threatens to Relocate LVMH from France Over Tax Increase
Following a meeting with Donald Trump at his inauguration, Bernard Arnault, CEO of LVMH, threatened to relocate his company from France if the government proceeds with its planned increase in corporate taxes, citing the US's lower tax rates as an incentive.
Progress
48% Bias Score
Labour Eases Non-Dom Crackdown Amid Millionaire Exodus
Facing a £33.8 billion shortfall over five years due to 10,800 millionaires leaving the UK in 2024, Labour's Chancellor Rachel Reeves will amend the Finance Bill to ease the crackdown on non-doms, aiming to attract high-net-worth individuals and boost the economy.
Labour Eases Non-Dom Crackdown Amid Millionaire Exodus
Facing a £33.8 billion shortfall over five years due to 10,800 millionaires leaving the UK in 2024, Labour's Chancellor Rachel Reeves will amend the Finance Bill to ease the crackdown on non-doms, aiming to attract high-net-worth individuals and boost the economy.
Progress
56% Bias Score
LNP Proposes $20,000 Tax Deduction for Business Food and Entertainment
Peter Dutton's LNP announced a $20,000 annual tax deduction for small businesses to spend on food and entertainment at clubs, pubs, and restaurants, a proposal that has been widely criticized by economists and commentators as wasteful and potentially costing billions of dollars.
LNP Proposes $20,000 Tax Deduction for Business Food and Entertainment
Peter Dutton's LNP announced a $20,000 annual tax deduction for small businesses to spend on food and entertainment at clubs, pubs, and restaurants, a proposal that has been widely criticized by economists and commentators as wasteful and potentially costing billions of dollars.
Progress
56% Bias Score
Brazil Revokes Pix Monitoring After Misinformation Campaign
Brazil revoked a measure increasing Pix transaction monitoring over R$5,000 due to misinformation campaigns causing a 15.3% drop in Pix transfers; a new measure will prohibit extra charges for Pix and reinforce bank secrecy.
Brazil Revokes Pix Monitoring After Misinformation Campaign
Brazil revoked a measure increasing Pix transaction monitoring over R$5,000 due to misinformation campaigns causing a 15.3% drop in Pix transfers; a new measure will prohibit extra charges for Pix and reinforce bank secrecy.
Progress
48% Bias Score
Expiring Tax Provisions of 2017 TCJA Prompt Major 2025 Tax Debate
The 2017 Tax Cuts and Jobs Act (TCJA) introduced significant tax changes, many of which are set to expire at the end of 2025, causing uncertainty for taxpayers and prompting a major tax policy debate with potential $4.6 trillion costs over 10 years for full extension.
Expiring Tax Provisions of 2017 TCJA Prompt Major 2025 Tax Debate
The 2017 Tax Cuts and Jobs Act (TCJA) introduced significant tax changes, many of which are set to expire at the end of 2025, causing uncertainty for taxpayers and prompting a major tax policy debate with potential $4.6 trillion costs over 10 years for full extension.
Progress
40% Bias Score
North Dakota Governor Proposes Plan to Eliminate Residential Property Taxes
North Dakota Governor Kelly Armstrong proposed a plan to eliminate residential property taxes using $483 million in state funds and oil tax savings, aiming to provide initial relief of up to $1,550 per homeowner and eventually eliminate property taxes for many within a decade, despite concerns about...
North Dakota Governor Proposes Plan to Eliminate Residential Property Taxes
North Dakota Governor Kelly Armstrong proposed a plan to eliminate residential property taxes using $483 million in state funds and oil tax savings, aiming to provide initial relief of up to $1,550 per homeowner and eventually eliminate property taxes for many within a decade, despite concerns about...
Progress
48% Bias Score