Stories tagged “Taxes.”
28 stories
The late owner of streaming platform OnlyFans, Leonid Radvinsky, was paid more than $700m in dividends before his death from cancer earlier this year. The company made $714m in profit before tax last year, an increase of 5% from 2024.
Fuel prices in Pakistan include a significant amount of taxes, levies, margins, and other charges that add to the final cost paid by consumers. Petrol carries an additional burden of Rs. 130.75 per litre through various charges beyond its underlying price.
LDP members worry about two-year tax cut’s impact on 2028 poll
Liberal Democratic Party members are concerned that Prime Minister Sanae Takaichi's plan to cut the consumption tax rate on food could negatively affect the ruling party's performance in the 2028 House of Councilors election.
Most states do not tax Social Security benefits, but eight states do. The federal government also taxes some benefits, depending on income level.
The Federal Board of Revenue (FBR) has surpassed its tax collection target for July 2026, collecting a net revenue of Rs820 billion against the assigned target of Rs780 billion.
Several Trump-affiliated companies have distanced themselves from a tax settlement deal between President Trump and the IRS after Senate Democrats launched an investigation into the agreement.
Takaichi finalizing plan to cut consumption tax rate on food products
Prime Minister Sanae Takaichi is finalizing a plan to temporarily cut Japan's consumption tax on food products from 8% to 1% for two years starting next April. This stopgap measure, aimed at low- and middle-income households, faces opposition over how to fund the lost tax…
Prime Minister Andy Burnham has announced a series of new measures to address the cost of living, but a major think tank has warned that he will have to raise taxes or cut spending to meet his pledges.
Capital gains can reshape your tax picture, from your marginal bracket to Medicare premiums, ACA subsidies, and more. Short-term gains are taxed as ordinary income and can push you into a higher marginal bracket, while long-term gains get lower rates but still raise AGI, …
Florida's no state income tax saves Social Security retirees up to $1,000 annually compared to states charging even a modest 4% benefit tax rate. However, the state's cost of living sits above the national average, and homeowners insurance premiums rank among the highest …
New PM cuts business rates for UK pubs in latest cost-of-living measure
British Prime Minister Andy Burnham announced a 20% cut to business rates for pubs, clubs, and live music venues in England, his third major cost-of-living measure in three days.
Former head of Japanese barbecue chain arrested over tax evasion
The former president of New Look, a Japanese yakiniku barbecue restaurant chain, was arrested on suspicion of evading ¥367 million in income tax by concealing ¥2.276 billion in income in 2023.
The Digital Chamber is suing the State of Illinois over a 0.2% tax on crypto transactions expected to go into effect in 2027, alleging it discriminates against people who transact in digital assets.
Democratic senators accuse the Social Security Administration of sending an email with 'misleading information' and 'partisan, politicized messaging'. They claim the email overstated the impact of the Republicans' One Big Beautiful Bill Act on retirees' taxes.
The Inland Revenue Authority of Singapore (IRAS) has taken action against eight nightclubs since 2021 and imposed over S$6.8 million in taxes and penalties for improper tax declarations of flower garland sales.
The U.S. Census Bureau data highlights the variation in retirement account balances across states, with Maryland, New Jersey, and Washington having the highest median savings, while Louisiana, New Mexico, Alabama, Oklahoma, and Mississippi have the lowest.
Nigerian President Bola Ahmed Tinubu has signed an executive order to address the fragmentation of digital asset regulation. The order establishes a virtual asset council and updates tax policies on digital assets.
Retirees with $500,000 in a traditional IRA who delay Social Security to 70 can collect roughly $259,200 more over 20 years than those who claim at 62. Claiming Social Security at 62 permanently cuts benefits by up to 30%, while waiting until 70 grows them to $2,480 versu…
The article compares two top short-term bond ETFs, VGSH and SMB, highlighting their differences in terms of costs, yields, and tax implications. VGSH offers lower costs and higher historical yields, while SMB provides tax-exempt income through short-duration municipal bonds.
The UK government has announced a change in tax policy regarding capital gains on certain cryptocurrencies. Starting April 6, 2027, the government will treat disposals involving crypto loans and liquidity pools as transactions that defer capital gains requirements.
RV owners can deduct mortgage interest on their loan if their RV has sleeping, cooking, and toilet facilities, and the loan is secured by the RV. Many owners don't claim this deduction due to lack of knowledge or because their lender doesn't send a Form 1098.
Silver prices have dropped 4% since Monday, with the current price at $59.83 per ounce. The decline is attributed to the renewed conflict between the US and Iran, which has sent oil prices higher and inflation concerns back to the front page.
Retirees who realize a large capital gain from a property sale can face thousands of dollars in Medicare surcharges two years later due to the Income-Related Monthly Adjustment Amount (IRMAA) and its two-year lookback rule.
Taxpayers have until September 30 to file their tax returns or face a fine of Rs. 25,000.
A coalition of crypto lobby groups is urging Congress to pass the Tax Clarity for Mining and Staking Act without amendments, aiming to provide clear tax rules for crypto rewards.
Retirees with tax-advantaged accounts like IRAs and 401(k)s must take Required Minimum Distributions (RMDs) starting at age 73. Failing to do so incurs a 25% penalty. Strategies exist to minimize the tax impact of RMDs.
Summer is a good time to review estate plans due to slower pace and recent tax completion.
Children's meals to be cheaper under Isle of Man VAT cut
The Isle of Man will cut VAT on some family spending this summer, including children's meals and attraction tickets, to ease living costs.