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The responsibility for reining in high prices has in recent decades been relegated to a single body: the Federal Reserve. Since May 2022, the Fed has raised interest rates to [...]

This article examines two central points for multinational enterprises as they grapple with the complexities and novelties of Pillar Two. We first address nuanced interpretations of various points of guidance [...]

Rachel Reeves has been warned that she is putting small businesses at risk following her Budget tax changes. The chancellor unveiled a range of tax hikes and allowance tweaks during [...]

Oregon's universal basic income measure failed, with 78.8% of voters opposing the policy. The measure proposed giving $1,600 annually to state residents, funded by a corporate tax increase. Basic income [...]

Markets are rallying as betting odds favor Trump, boosting the Trump trade on election night. The Trump trade involves corporate tax cuts, deficit spending, and hawkish trade policies. US Treasury [...]

In a major shift affecting family-owned businesses, the Chancellor has announced that Business Property Relief (BPR) will be reduced to 50% from April 2026, exposing thousands of family firms to [...]

The company is reaffirming its expectation that 2024 Adjusted EBITDA with Tax Attributes will come in the upper half of the range of $3.55B-$3.950B, driven by new renewables. The company [...]

Across Europe fiscal policy is causing headaches. The governments of Britain and France are both raising tax rates sharply. Germany is hobbled by a self-imposed debt brake. Meanwhile, Italy's profligate [...]

Accountants are calling on the new Labour government to provide more support for UK small businesses by introducing legislative reforms and simplifying tax laws, according to new research by accounting [...]

More than 1,500 UK entrepreneurs and business leaders have signed a letter to Chancellor Rachel Reeves, urging her to reconsider proposed changes to business asset disposal relief (previously known as [...]

Byline: Laura Husband Ahead of the UK’s Autumn Budget on 30 October, reports have emerged suggesting the UK’s chancellor could hike business taxes for online retailers with a so-called “Amazon [...]

The November election is less than 15 days away, and Vice President Harris and former President Trump have discussed taxes extensively on the campaign trail. Weve seen proposals on everything [...]

In This Issue From the editor... Andrew Van Sickle (mailto:editor@moneyweek.com) editor@moneyweek.com Test cricket, someone once unkindly remarked, is the jazz of sports: it never seems to start, and it never [...]

Consultancy Elixirr reported its data reveals that over a fifth (22 percent) of business leaders and visionaries have pivoted their business over the past 12 months to seize new revenue [...]

New data reveals that the UK is increasingly reliant on a small number of top-rate taxpayers to generate a significant portion of its income tax revenue. According to HM Revenue [...]

As the U.S. presidential election approaches, major industries, including airlines, banks, electric vehicle manufacturers, health care companies, media firms, restaurants, and tech giants, are bracing for potential shifts in regulations, [...]

Ukraine approved a wartime tax increase on Thursday. The new law will raise war tax from 1.5% to 5% for residents. It comes as Ukraine seeks to bolster its finances [...]

Harris has proposed expanding the small business tax credit from $5,000 to $50,000. Experts told BI the proposal would shift the timing of deductions and isn't all that pricey. If [...]

Sonnet BioTherapeutics has received preliminary approval for a tax credit from the New Jersey Technology Business Tax Certificate Transfer Program administered by the New Jersey Economic Development Authority. Sonnet received [...]

A Trump win would benefit energy and financial stocks the most, RBC analysts say. They point to Trump's proposed corporate tax cuts and lighter regulation of oil and gas firms. [...]

Ocean Power Technologies has been notified of a $1.1M preliminary award under the New Jersey Economic Development Authority 2024 Technology Business Tax Certificate Transfer Program, commonly known as the Net [...]

Oregon residents will soon vote on a corporate tax increase to give them a universal basic income. Businesses have spent millions to oppose the 3% tax on corporate sales over [...]

HMRC has reported a significant 21% drop in research and development (R&D) tax credit claims for the 2022/23 tax year, with the number of claims falling to 65,690 from 83,240 [...]

Blick Rothenberg, a leading audit, tax, and business advisory firm, is urging the UK government to reintroduce VAT-free shopping relief for international tourists in support of the country’s fashion industry. [...]

Byline: Isatou Ndure The findings released in the BRC’s Budget submission show UK retail contributes 7.4% of all business taxes, despite making up just 5% of GDP - a rate [...]

Mario Draghi released his https://www.economist.com/leaders/2024/09/10/mario-draghis-best-ideas-are-those-europe-finds-least-comfortable regarding European growth and competitiveness. Mr Draghi, who has been president of the European Central Bank and prime minister of Italy, focused on boosting innovation, [...]

UK R&D tax relief enables companies undertaking innovative activities and qualifying R&D projects to claim corporation tax relief and/or tax credits on qualifying R&D expenditure. The purpose being to encourage [...]

Tax cuts are taking center stage in the presidential campaign particularly given the debate between the Republican nominee former President Donald Trump and Vice President Kamala Harris, the Democratic nominee. [...]

We expect Russia to continue to run a fiscal deficit, forecast at 1.2% of GDP in 2024. This is less optimistic than the projections of the Ministry of Finance, which [...]

From 2021 to mid-2023 robust corporate tax receipts consistently outperformed government projections and were the major factor in lifting the public finances from a deficit to a surplus of 1.5% [...]

Luxembourg's international relations are largely determined by its small size, its landlocked location between the regional powers of France and Germany, and its status as a leading international financial centre. [...]

The fiscal deficit will widen marginally to 3.6% of GDP in 2024, from 3.5% of GDP in 2023. We expect higher corporate tax receipts, due to increased manufacturing production and [...]

INVESTING Investment bonds Some investors may also have been attracted to investment bonds, yet strictly speaking these aren’t bonds. They are a tax-effective savings and investment structure. Investment bonds can [...]

The new 15 percent global corporate tax rate will have a big impact in countries across the world, but arguably nowhere more so than in Ireland's small FDI-reliant economy. Three [...]

In a particularly engaging session at TEI's Annual Conference and 75th Anniversary Celebration, panelists discussed the dynamic developments that have resulted in what corporate tax professionals are calling "a new [...]

In an informative session on the first day of the 75th Anniversary Celebration and Annual Conference in October, experts addressed the topic "SALT Tax Policy: As Deficits Turn, Will the [...]

I. Introduction Canada is the second largest trading partner of the United States and accounts for over 15% of U.S. trade with all foreign countries. (1) At the same time, [...]

The Biden Administration's 2025 budget was released on March 11, 2024, well late of the usual February deadline. However, since, Congress did not complete its work on appropriations for the [...]

The Power to Destroy: How the Antitax Movement Hijacked America By Michael J. Graetz Princeton University Press When Ronald Reagan accepted the Republican presidential nomination in 1980, he presented himself [...]

HM Revenue & Customs (HMRC) is actively investigating 791 of the UK’s largest companies for suspected tax underpayments, a figure that represents nearly 40% of the country’s biggest businesses. According [...]