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The Latest Breaking News from Income Tax

Ask the Editor, October 3: Tax Questions on the Charitable Deduction

In this week's Ask the Editor Q&A, we answer reader questions on the charitable deduction.

Kiplinger

Optus among companies earning billions in Australia but paying no income tax

Latest ATO report reveals string of mostly multinational firms continue to be able to pay no or very little income tax, including Netflix, Apple and Microsoft

The Guardian - AU

Florida Alternatives: 5 States With No Income Tax and Cheaper Homes

One reason people move to Florida is the lack of state income tax. However, if you want to save, check out these no-income-tax states with cheaper housing.

GOBankingRates

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read the most diverse news in one place.

London tax bombshell: 170,000 would be hit by stealth income threshold freeze extension

Rachel Reeves admitted during the Labour Party Conference that she no longer stands by her pledge last year not to raise taxes

Evening Standard

Trump Wants To Eliminate Income Taxes: Here’s How Much Extra You’d Take Home If You Make $250,000 a Year

President Donald Trump has proposed the elimination of the federal income tax. But what would that mean for your take-home pay if you make $250,000.

GOBankingRates

New Tax Rules: Income the IRS Won’t Touch in 2025

From financial gifts to Roth withdrawal rules, here’s what income stays tax-free under the new Trump 2025 tax bill, and some information on what’s changed.

Kiplinger

How income tax could increase anyway despite Reeves U-turn

The prime minister refused to rule out income tax thresholds being frozen – which could lead to people paying more

The Independent UK

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Living and Working in Different States Can Be a Tax Headache

Living in one state and working in another can trigger several tax issues. Here are several key points to consider if you find yourself in this situation.

Kiplinger

Revenues from corporate income tax in Europe: Which countries collect the most?

The share of corporate income tax in total tax revenues and GDP varies widely across Europe, reflecting differences in national tax policies. Euronews Business takes a closer look at the shares, rates, and what they mean.

Euronews

Starmer dismisses ‘personal ambitions’ of Burnham amid leadership speculation

The Manchester mayor proposed a 50p top rate of income tax and a tax cut for lower earners, in interventions widely seen as a leadership pitch.

Evening Standard

Reeves must abandon manifesto tax pledges, think tank says amid £30bn Budget black hole

The chancellor is facing mounting pressure to hike income tax amid an expectation that £30bn worth of tax rises will be needed in the Budget

The Independent UK

I Asked ChatGPT How Much I’d Pay in Taxes If I Retired in Hawaii: Here’s What It Said

ChatGPT's answer seemed convincing at first glance, but I went back to Hawaii's tax code to see if it actually held up.

GOBankingRates

Reeves urged to take 2p off employee NI and add it to income tax in budget

Resolution Foundation says move could raise additional £6bn a year and ‘level the playing field’ on income tax

The Guardian - UK

Income tax hike of 2p to target pensioners and landlords would ‘level playing field’, think tank tells Reeves

Labour chancellor also facing calls to raise levies on lawyers, sugar, salt and longhaul flights in the Budget

The Independent UK

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The Independent UK

Cut national insurance and hike income tax to meet fiscal rules, think tank says

The Resolution Foundation said the move would create a level playing field and protect workers’ pay.

Evening Standard

Rachel Reeves urged to put 2p on income tax and cut employee NI to meet fiscal rules

The Resolution Foundation said the move would create a level playing field and protect workers’ pay

The National (Scotland)

How Scottish public sector workers are being put at risk from tax avoidance schemes

Scottish companies are roping NHS and council workers into veiled tax avoidance schemes that could see them hit with big unexpected tax bills ...

Kiplinger

Ask the Editor, September 19: Tax Questions on Expiring Home Energy Tax Credits

In this week's Ask the Editor Q&A, we answer four questions from readers on expiring tax credits for energy-saving upgrades to your home.

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news in one place.

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The Conversation

Australians are losing more of their income to tax than in decades, new report shows

Australians are now paying the highest average rate of income tax in more than two decades, raising concerns too much of the tax burden may be falling on Australian workers in their prime.

GOBankingRates

‘New Round of Stimulus Checks’ — 7 Changes to 2026 Taxes You Need to Know

A major new tax law may feel like a stimulus check to many Americans. Discover 7 major tax changes in 2026 that could impact your refund, income and benefits.

Dot Esports

Gambling Winnings Tax Canada: What Counts as Income

Here’s what you should know about gambling winnings tax in Canada.

Evening Standard

State pension set to rise by more than £500 next year

Rise means the full state pension is likely to be liable for income tax by 2027

Kiplinger

Five States Without Sales Tax in 2025: What to Know

Is your state’s ban on sales tax actually saving you money? Probably not as much as you might think.

GOBankingRates

I Asked ChatGPT How Much I’d Pay in Taxes If I Retired in Florida — Here’s What It Said

To find out, ChatGPT was asked to break down what taxes retirees face in Florida.

Reason

Here's What Would Happen If We Seized All the Wealth From America's 800 Billionaires

Don't comfort yourself with wishful thinking that millionaires and billionaires could take the entire burden of the deficit off our hands.

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