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The Latest Breaking News from Income Tax

'Record-Shattering': Warren Buffett’s Berkshire Hathaway Has Now Paid $101 Billion in Cumulative Federal Income Tax

Berkshire Hathaway’s cumulative $101 billion in federal income tax payments under Warren Buffett’s leadership underscores the company’s extraordinary economic impact and the scale of its contribution to public services in the United States.

Barchart

Warren Buffett’s Berkshire Hathaway Now Pays 5% of All Corporate Income Taxes in America

Berkshire Hathaway's $26.8 billion tax payment in 2024 accounted for 5% of all U.S. corporate income tax, marking a dramatic reversal from its tax-free history six decades ago.

Barchart

2025 Virginia Tax Rebate Checks Are Arriving: What to Know

Given a historic 2025 gubernatorial race, tax policy will remain a key issue for Virginians, while the current governor announces rebates.

Kiplinger

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Author Dame Pat Barker thought honours letter was income tax bill

Dame Pat, 82, was first honoured with a CBE in 2000 for her services to literature, and on Friday received her damehood.

The Independent UK

Uganda’s tax system is a drain on small businesses: how to set them free

Uganda is one of the countries most exposed to recent cuts in international aid, particularly with the dissolution of the US Agency for International Development (USAID). In 2023, about 5% of gross national income – a measure of a country’s total income, including income from foreign sources – was received…

The Conversation

NHL's state income tax debate heats up with the Florida Panthers back in the Stanley Cup Final

The Florida Panthers are two wins away from being the fifth Stanley Cup champion in the past six years to based in a U.S. state with no income tax

The Independent UK

What pensioners need to know about income tax

Tax on income you receive from a pension is calculated in the same way as earnings from employment

The Independent UK

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Australia is in the firing line of Trump’s looming ‘revenge tax’. It’s a fight we’re unlikely to win

The Australian Labor Party just won an election victory for the ages. Now, it may be forced to walk back one of the key achievements of its first term.

The Conversation

Labour Under Pressure as Income Tax Freeze Extension Appears Increasingly Likely

The Chancellor, Rachel Reeves, is under growing pressure to break Labour’s manifesto pledge not to raise the so-called “big three” taxes—income tax, National

The Fashion Central

Where in Europe are workers losing ground as taxes rise faster than wages?

While most European countries experienced higher real post-tax incomes in 2024, some saw a decline, as rises in personal average tax rates outpaced real wage growth.

Euronews

Ask the Editor, May 30: Questions on the One Big Beautiful Bill

In this week's Ask the Editor Q&A, we answer tax questions from readers on the House-passed “One Big Beautiful Bill.”

Kiplinger

Inside India’s shadow wealth: Just 3 lakh crorepatis in a nation of 1.4 billion

India’s wealthy elite love their cash – not just for convenience, but for what it hides. Despite a surge in digital payments, stacks of unaccounted currency still fuel real estate deals and many economic activities in the informal part of the economy, leading to tax dodging and funding of election…

Newslaundry

Fact check: More people are paying higher rate income tax than five years ago

The number of people paying the 40% rate has increased from 4.4 million to 7.4 million in the last five years.

Evening Standard

How Gujarat Samachar fell out of Modi’s favour

Facing backlash amid the 2002 Gujarat riots, then Chief Minister Narendra Modi wrote a letter to a prominent Gujarati newspaper, reportedly appreciating its coverage of the incident. The same coverage had been termed as a “clear violation of all accepted norms of media ethics” by an Editors Guild of India…

Newslaundry

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Kiplinger

Eight Ways to Financially Plan Your Way Through Challenging Times

A chief wealth strategist makes some suggestions about how to better position yourself financially while coping with economic uncertainty.

Mic

Senate Passes 'No Tax on Tips' Act in Unanimous Vote

The U.S. Senate has approved the 'No Tax on Tips' Act, aiming to eliminate federal income tax on tips, with bipartisan support.

The Independent UK

Two reasons why millions of pensioners are paying higher income tax rates

IN FULL

The Independent UK

Millions of pensioners ‘dragged’ into paying higher tax rates

“The nation has fallen victim to the effects of fiscal drag” says one expert

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Evening Standard

Around 1m pensioners paying income tax at 40% or above

The number of people at state pension age or older who are paying the tax at 40% or above has doubled in four years, according to HMRC figures.

Kiplinger

Think a Repeal of the Estate Tax Wouldn't Affect You? Wrong

The wording of any law that repeals or otherwise changes the federal estate tax could have an impact on all of us. Here's what you need to know, courtesy of an estate planning and tax attorney.

Euronews

Personal average tax rates in Europe: Which countries saw the biggest rise in 2024?

The tax burden on workers, composed of income tax and social security contributions, varies widely across Europe. In 2024, this burden changed significantly in some countries, with notable rises and falls.

Kiplinger

Missouri Leads Capital Gains Tax Repeal: Will Your State Follow?

As one state becomes a test case, policymakers and taxpayers across the U.S. will be watching closely to see what happens next.

Newslaundry

I-T sleuths search at least 24 premises linked to Gujarat Samachar, owner’s family

Income tax searches are being conducted on at least 24 premises linked to Gujarat Samachar and the family that owns it in Gujarat’s Ahmedabad, Newslaundry has learnt.

Euronews

Inside the European centres favoured for cross-border tax planning

Euronews takes a closer look at the favoured corporate tax centres across Europe and its overseas territories.

Fortune

Donald Trump shows good instincts with his tax plan—he just needs to go bigger

Freeing Americans from income tax for their first 25 years in the workforce would transform lives—and the nation.

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