Mexico Imposes New Taxes on Digital Services and Asian Textiles
Effective 2025, Mexico mandates RFC registration and tax payments for foreign digital service providers such as Amazon and Uber, alongside a 35% tariff on Asian textiles (excluding free trade partners) implemented in December 2024 and lasting until 2026, aimed at leveling the economic playing field.
Mexico Imposes New Taxes on Digital Services and Asian Textiles
Effective 2025, Mexico mandates RFC registration and tax payments for foreign digital service providers such as Amazon and Uber, alongside a 35% tariff on Asian textiles (excluding free trade partners) implemented in December 2024 and lasting until 2026, aimed at leveling the economic playing field.
Progress
36% Bias Score
Gold IRAs: A Smart Investment Strategy for 2025
High inflation (2.7%) and stock market volatility make gold IRAs an attractive investment in 2025, offering inflation protection, portfolio diversification, and tax benefits.
Gold IRAs: A Smart Investment Strategy for 2025
High inflation (2.7%) and stock market volatility make gold IRAs an attractive investment in 2025, offering inflation protection, portfolio diversification, and tax benefits.
Progress
52% Bias Score
Chelyabinsk Faces Economic Changes in 2025
Chelyabinsk will see a minimum wage increase to 25,806 rubles, a 4% rise in budget sector salaries, changes to electricity tariffs based on consumption, increased public transport fares to 40 rubles, a new simplified tax system for micro-businesses, and higher train ticket prices.
Chelyabinsk Faces Economic Changes in 2025
Chelyabinsk will see a minimum wage increase to 25,806 rubles, a 4% rise in budget sector salaries, changes to electricity tariffs based on consumption, increased public transport fares to 40 rubles, a new simplified tax system for micro-businesses, and higher train ticket prices.
Progress
36% Bias Score
Turkey Caps 2024 Fuel Excise Tax Increase at 6 Percent
Turkey capped its 2024 fuel excise tax (ÖTV) increase at 6 percent, despite a 7.12 percent Yİ-ÜFE increase over five months, to support disinflation and consumers; this will cost the government roughly 12 billion lira in revenue and is expected to increase fuel prices by about 1 percent.
Turkey Caps 2024 Fuel Excise Tax Increase at 6 Percent
Turkey capped its 2024 fuel excise tax (ÖTV) increase at 6 percent, despite a 7.12 percent Yİ-ÜFE increase over five months, to support disinflation and consumers; this will cost the government roughly 12 billion lira in revenue and is expected to increase fuel prices by about 1 percent.
Progress
40% Bias Score
Mega Millions Jackpot Reaches \$1.15 Billion, But Taxes Significantly Reduce Winnings
The Mega Millions jackpot has reached \$1.15 billion, the fifth largest in history; however, taxes significantly reduce the actual amount a winner receives, which depends on the payout option and their state of residence and purchase.
Mega Millions Jackpot Reaches \$1.15 Billion, But Taxes Significantly Reduce Winnings
The Mega Millions jackpot has reached \$1.15 billion, the fifth largest in history; however, taxes significantly reduce the actual amount a winner receives, which depends on the payout option and their state of residence and purchase.
Progress
40% Bias Score
Spousal Inheritance: Navigating Financial Implications and Estate Planning
The death of a spouse triggers complex financial implications, including asset transfer rules, tax adjustments (like step-up in basis), and Social Security survivor benefits; proactive estate planning and professional guidance are crucial for a smooth transition.
Spousal Inheritance: Navigating Financial Implications and Estate Planning
The death of a spouse triggers complex financial implications, including asset transfer rules, tax adjustments (like step-up in basis), and Social Security survivor benefits; proactive estate planning and professional guidance are crucial for a smooth transition.
Progress
8% Bias Score
Mexico Postpones Cruise Ship Tax Until 2025
The Mexican government postponed a $42 per-passenger tax on cruise ships arriving at Mexican ports until July 1, 2025, due to pressure from tourism groups worried about the economic impact on the sector; the tax was expected to generate millions but could negatively affect the millions of tourists v...
Mexico Postpones Cruise Ship Tax Until 2025
The Mexican government postponed a $42 per-passenger tax on cruise ships arriving at Mexican ports until July 1, 2025, due to pressure from tourism groups worried about the economic impact on the sector; the tax was expected to generate millions but could negatively affect the millions of tourists v...
Progress
40% Bias Score
Russia's New Year Brings Sweeping Economic and Social Changes
Russia's new year brings significant changes: the minimum wage increases to 22,440 rubles, pensions rise by 7.3%, traffic fines are 1.5 times higher, and new taxes on high earners and tourists are introduced, along with stricter migrant integration rules and blogger registration.
Russia's New Year Brings Sweeping Economic and Social Changes
Russia's new year brings significant changes: the minimum wage increases to 22,440 rubles, pensions rise by 7.3%, traffic fines are 1.5 times higher, and new taxes on high earners and tourists are introduced, along with stricter migrant integration rules and blogger registration.
Progress
56% Bias Score
Mexico to Increase IEPS Tax by 4.5%, Raising Prices on Goods"
Mexico's IEPS tax will rise 4.5% from January 1, 2025, increasing prices of gasoline, diesel, soft drinks, and cigarettes; this follows 4.55% inflation in November 2024 (INEGI), and tax breaks on food and energy will end.
Mexico to Increase IEPS Tax by 4.5%, Raising Prices on Goods"
Mexico's IEPS tax will rise 4.5% from January 1, 2025, increasing prices of gasoline, diesel, soft drinks, and cigarettes; this follows 4.55% inflation in November 2024 (INEGI), and tax breaks on food and energy will end.
Progress
36% Bias Score
Russia Boosts Social Support in 2025 with Wage Hikes and Benefit Expansions
Starting January 1st, 2025, Russia increases its minimum wage to ₽22,440, impacting 4.2 million workers and several social benefits; pensions for working pensioners will be indexed; benefits for spouses of deceased military personnel will expand; and tax deductions for children and GTO fitness progr...
Russia Boosts Social Support in 2025 with Wage Hikes and Benefit Expansions
Starting January 1st, 2025, Russia increases its minimum wage to ₽22,440, impacting 4.2 million workers and several social benefits; pensions for working pensioners will be indexed; benefits for spouses of deceased military personnel will expand; and tax deductions for children and GTO fitness progr...
Progress
36% Bias Score
Trump Threatens Panama Canal Seizure Over Taxes
Before his presidency, Donald Trump threatened to seize the Panama Canal due to high taxes on US ships, prompting outrage from Panama's president who stated that Panamanian sovereignty is non-negotiable; the canal is crucial for global trade, significantly reducing shipping distances and costs.
Trump Threatens Panama Canal Seizure Over Taxes
Before his presidency, Donald Trump threatened to seize the Panama Canal due to high taxes on US ships, prompting outrage from Panama's president who stated that Panamanian sovereignty is non-negotiable; the canal is crucial for global trade, significantly reducing shipping distances and costs.
Progress
44% Bias Score
Canadian Small Business Tax Relief Measures Stalled in Parliament
Proposed Canadian tax relief measures for small businesses, including a higher lifetime capital gains exemption and the Canadian Entrepreneurs' Incentive, remain stalled in Parliament, creating uncertainty for business owners planning sales and causing financial stress.
Canadian Small Business Tax Relief Measures Stalled in Parliament
Proposed Canadian tax relief measures for small businesses, including a higher lifetime capital gains exemption and the Canadian Entrepreneurs' Incentive, remain stalled in Parliament, creating uncertainty for business owners planning sales and causing financial stress.
Progress
32% Bias Score