Tag #Taxation

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china.org.cn

🌐 85% Global Worthiness

Jul 29, 07:15

China's Economic Growth Driven by Tax Cuts and Increased Foreign Investment

China's economy thrived during the 2021-2025 Five-Year Plan, with total tax revenue exceeding 85 trillion yuan, driven by tax cuts, high-tech growth, and increased foreign investment; the number of tax-paying entities surpassed 100 million.

China's Economic Growth Driven by Tax Cuts and Increased Foreign Investment

China's economy thrived during the 2021-2025 Five-Year Plan, with total tax revenue exceeding 85 trillion yuan, driven by tax cuts, high-tech growth, and increased foreign investment; the number of tax-paying entities surpassed 100 million.

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How have tax and fee reduction policies contributed to China's economic growth, and which sectors have benefited most?

China's economic progress is fueled by extensive tax and fee reduction policies, benefiting the private sector (7.2 trillion yuan) and SMEs (6.3 trillion yuan). High-tech industries show robust growth (13.9 percent annually), and the private sector's contribution to total sales reached 71.7 percent in the first half of 2025. This growth is coupled with a green transition, with clean energy sales revenue growing 13.1 percent annually.

nrc.nl

🌐 65% Global Worthiness

Jul 29, 04:12

VVD Prioritizes Economy, Security in New Election Program

The Dutch VVD party's new election program emphasizes economic growth and security, proposing significant changes to healthcare and social security systems, continuing their traditional policy focus.

VVD Prioritizes Economy, Security in New Election Program

The Dutch VVD party's new election program emphasizes economic growth and security, proposing significant changes to healthcare and social security systems, continuing their traditional policy focus.

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What are the immediate implications of the VVD's proposed healthcare and social security interventions?

The VVD's new election program prioritizes economy and security, planning interventions in healthcare and social security. This reflects a continuation of their traditional platform, focusing on established policy areas.

forbes.com

🌐 75% Global Worthiness

Jul 27, 13:13

OBBBA Provides Tax Deduction for Seniors, Highlights Tax Disparity for NRAs

The One Big Beautiful Bill Act (OBBBA), signed July 4, 2025, introduces a temporary tax deduction of up to \$6,000 (\$12,000 jointly) for taxpayers aged 65 or older, from 2025-2028, reducing taxable income but not eliminating taxes on Social Security benefits; this contrasts with the 30% withholding...

OBBBA Provides Tax Deduction for Seniors, Highlights Tax Disparity for NRAs

The One Big Beautiful Bill Act (OBBBA), signed July 4, 2025, introduces a temporary tax deduction of up to \$6,000 (\$12,000 jointly) for taxpayers aged 65 or older, from 2025-2028, reducing taxable income but not eliminating taxes on Social Security benefits; this contrasts with the 30% withholding...

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What specific tax relief does the One Big Beautiful Bill Act provide to American seniors, and how does it impact their Social Security tax liability?

The One Big Beautiful Bill Act (OBBBA) grants a temporary tax deduction of up to \$6,000 for single filers (\$12,000 for joint filers) aged 65 or older, reducing taxable income but not eliminating Social Security taxes. This applies to tax years 2025-2028 and phases out based on income. The Social Security Administration initially misrepresented this deduction's impact, stating it would eliminate taxes for most recipients, a claim later corrected.

elpais.com

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Jul 26, 10:09

EU Concedes to US Trade Pressure, Raising Concerns About Long-Term Economic and Political Influence

The European Union made significant concessions to the United States to avoid trade protectionism, including forgoing revenue from the "Google tax" and accepting the US's withdrawal from a global minimum corporate tax agreement, highlighting a pattern of deference towards the US that has long-term e...

EU Concedes to US Trade Pressure, Raising Concerns About Long-Term Economic and Political Influence

The European Union made significant concessions to the United States to avoid trade protectionism, including forgoing revenue from the "Google tax" and accepting the US's withdrawal from a global minimum corporate tax agreement, highlighting a pattern of deference towards the US that has long-term e...

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What specific economic and political concessions did the EU make to the US, and what were the immediate consequences for the EU's trade balance and global standing?

The EU's negotiators, prioritizing pragmatism over confrontation, made concessions to the US to avoid trade protectionism, safeguarding the EU's trade surplus and global trade openness. These concessions included forgoing a share of the "Google tax" and accepting Washington's withdrawal from the OECD's minimum corporate tax agreement.

elpais.com

🌐 75% Global Worthiness

Jul 24, 13:15

Spain to Reform Autonomous Community Financing Model

A 2024 agreement between ERC and PSC initiates a new financing model for Spain's autonomous communities, aiming to correct funding issues and establish a more federal system by redistributing tax bases and progressively transferring IRPF management to regions.

Spain to Reform Autonomous Community Financing Model

A 2024 agreement between ERC and PSC initiates a new financing model for Spain's autonomous communities, aiming to correct funding issues and establish a more federal system by redistributing tax bases and progressively transferring IRPF management to regions.

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What are the key changes proposed in the new financing model for Spain's autonomous communities, and what immediate impacts will they have on regional budgets and services?

A new financing model for Spain's autonomous communities is underway, stemming from a 2024 agreement between ERC and PSC. This agreement addresses long-standing issues of insufficient funding, limited fiscal responsibility, and inequitable financing disparities among the regions.

mk.ru

🌐 75% Global Worthiness

Jul 22, 19:15

Russia Raises Minimum Wage to 27,093 Rubles in 2025

Russia raised its minimum wage to 27,093 rubles in 2025, aiming for 35,000 by 2030 to combat poverty, increase tax revenue, and stimulate domestic demand, despite concerns about inflation and challenges for small businesses.

Russia Raises Minimum Wage to 27,093 Rubles in 2025

Russia raised its minimum wage to 27,093 rubles in 2025, aiming for 35,000 by 2030 to combat poverty, increase tax revenue, and stimulate domestic demand, despite concerns about inflation and challenges for small businesses.

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How does the increase in the minimum wage relate to the Russian government's broader fiscal and economic policy goals?

The Russian government's MRO increase aims to stimulate formal employment and increase tax revenue by reducing the informal economy. This strategy connects social support for low-income earners with macroeconomic goals, such as bolstering domestic demand.

dailymail.co.uk

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Jul 29, 04:12

Trump Urges Starmer to Cut Taxes, Curb Immigration

During a Scottish press conference, Donald Trump advised UK Labour leader Keir Starmer to cut taxes and reduce immigration to counter Nigel Farage, citing almost 20,000 illegal Channel crossings in the first half of 2025 (a 50% increase from 2024) and Labour's record tax hikes as obstacles to electo...

Trump Urges Starmer to Cut Taxes, Curb Immigration

During a Scottish press conference, Donald Trump advised UK Labour leader Keir Starmer to cut taxes and reduce immigration to counter Nigel Farage, citing almost 20,000 illegal Channel crossings in the first half of 2025 (a 50% increase from 2024) and Labour's record tax hikes as obstacles to electo...

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How do Donald Trump's comments on immigration and taxation reflect broader global political trends?

Trump's advice connects to broader patterns in populist politics, emphasizing economic nationalism and immigration control as key electoral strategies. His comments reflect a global trend of right-wing parties capitalizing on anxieties about immigration and economic fairness. The high number of illegal Channel crossings (almost 20,000 in the first half of the year, a 50% increase from 2024) provides specific evidence supporting Trump's concern about immigration.

dailymail.co.uk

🌐 85% Global Worthiness

Jul 28, 04:11

Pension Savings Plummet 20% Amid Rising Costs in Britain

Britain's average monthly pension contribution has fallen 20 percent since December to £53.40, while average monthly household spending surged 12 percent to £1,564, impacting retirement savings amid criticism of Labour's tax policies.

Pension Savings Plummet 20% Amid Rising Costs in Britain

Britain's average monthly pension contribution has fallen 20 percent since December to £53.40, while average monthly household spending surged 12 percent to £1,564, impacting retirement savings amid criticism of Labour's tax policies.

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How do the increased costs of living and government tax policies contribute to the observed decrease in pension savings?

The decline in pension contributions reflects a broader economic trend of increased cost of living and reduced disposable income among Britons. Higher taxes and inflation, partly attributed to the government's policies, are squeezing household budgets, making it difficult for individuals to save for retirement. The consequence is a potential 'pension poverty time bomb' with long-term implications for retirement security.

dailymail.co.uk

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Jul 26, 19:12

Rayner Announces Sweeping Tax Hikes to Avoid Austerity

UK Prime Minister Angela Rayner announced unprecedented tax increases on high earners, substantial bank accounts, and property values to fund public services and avoid austerity measures, following a financial crisis triggered by previous government policies and a loss of investor confidence.

Rayner Announces Sweeping Tax Hikes to Avoid Austerity

UK Prime Minister Angela Rayner announced unprecedented tax increases on high earners, substantial bank accounts, and property values to fund public services and avoid austerity measures, following a financial crisis triggered by previous government policies and a loss of investor confidence.

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How did the previous Labour government's actions contribute to the current economic crisis?

Rayner's policy is a response to a financial crisis exacerbated by the previous Labour government's inability to cut spending and the subsequent loss of investor confidence in the UK economy. Her actions aim to redistribute wealth and avoid cuts impacting working-class individuals, although this approach has already triggered a downward economic spiral.

dailymail.co.uk

🌐 85% Global Worthiness

Jul 25, 19:13

IMF Warns of Drastic UK Spending Cuts Unless Taxes Rise

The IMF warns that UK Chancellor Rachel Reeves must raise taxes or cut spending drastically to address a £30 billion budget deficit, potentially impacting pensions and NHS services; this follows the government's recent policy reversal on benefit reforms.

IMF Warns of Drastic UK Spending Cuts Unless Taxes Rise

The IMF warns that UK Chancellor Rachel Reeves must raise taxes or cut spending drastically to address a £30 billion budget deficit, potentially impacting pensions and NHS services; this follows the government's recent policy reversal on benefit reforms.

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What immediate actions must Rachel Reeves take to resolve the £30 billion budget deficit, given the IMF's assessment?

The IMF warns that Rachel Reeves must reconsider her pledge against raising taxes on working people or implement drastic spending cuts to address a £30 billion budget deficit. Failure to increase revenue could necessitate eliminating the pensions triple lock or introducing means testing for NHS services. This follows a recent government policy reversal on benefit reforms, further highlighting the fiscal challenges faced.

fr.allafrica.com

🌐 75% Global Worthiness

Jul 23, 19:11

Mauritius' Finance Bill 2025-26: Pension Reform, Tax Hikes, and Digital Modernization

Mauritius' Finance (Miscellaneous Provisions) Bill 2025-26, presented July 25th, raises the retirement age to 65 with a Rs 10,000 monthly support, introduces a 15% tax on incomes over Rs 12 million and a 5% surtax on corporate profits over Rs 24 million, and modernizes digital commerce and administr...

Mauritius' Finance Bill 2025-26: Pension Reform, Tax Hikes, and Digital Modernization

Mauritius' Finance (Miscellaneous Provisions) Bill 2025-26, presented July 25th, raises the retirement age to 65 with a Rs 10,000 monthly support, introduces a 15% tax on incomes over Rs 12 million and a 5% surtax on corporate profits over Rs 24 million, and modernizes digital commerce and administr...

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How does the bill aim to achieve fiscal redistribution, and what sectors will be most affected by the new tax measures?

This bill modifies over 100 legal provisions across 66 laws, including the Income Tax Act, National Pensions Act, and VAT Act. Key changes include increased regulatory powers for agencies like the Mauritius Revenue Authority and the introduction of legally binding electronic bills of exchange. These measures aim for fiscal redistribution and administrative modernization.

dailymail.co.uk

🌐 75% Global Worthiness

Jul 21, 13:15

UK Chancellor Considers Pension Tax Relief Cuts Amid Budget Crisis

Facing a £30 billion budget shortfall, UK Chancellor Rachel Reeves is considering reducing pension tax relief as an alternative to a wealth tax, which faces internal opposition, despite backbench pressure; this could raise £15 billion but may negatively impact retirement savings.

UK Chancellor Considers Pension Tax Relief Cuts Amid Budget Crisis

Facing a £30 billion budget shortfall, UK Chancellor Rachel Reeves is considering reducing pension tax relief as an alternative to a wealth tax, which faces internal opposition, despite backbench pressure; this could raise £15 billion but may negatively impact retirement savings.

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How does the political opposition to a wealth tax influence the Chancellor's decision-making process regarding alternative revenue-raising measures?

Reeves's potential reduction of pension tax relief is linked to the larger economic context of a £30 billion budget deficit and rising inflation. This measure, while unpopular, is seen as a more politically palatable alternative to a wealth tax, which faces strong opposition from within the government. The government is also considering extending the tax threshold freeze, further increasing tax revenue.

Showing 49 to 60 of 280 results