The Latest Breaking News from Income Tax

Mark Drakeford accused Plaid leader of misrepresenting how government finances work

Congressional Democrats last year showered the IRS with $80 billion in new funding in an effort to close an estimated $600 billion “tax gap,” the difference between income taxes actually owed and those actually collected. This was supposed to help pay for the Biden administration’s ongoing spendapalooza that has run…

Richard Tice rules out 2019-style deal with Conservatives even if they back some of his party’s policies

The freeze on income tax thresholds could see some people paying more tax on their salary.

THE UK Government is being urged to make 2023 the year they levy a wealth tax against the super-rich and use the revenue to support those…

Close to 30 organizations are calling upon the Kentucky General Assembly to put a pause on further reductions in the state income tax rate. It fell a half percentage point January first. On day one of the legislative session, speakers expressed concerns that future scheduled cuts could mean less state…

Yearly changes made by the IRS can have a significant impact in the era of high inflation.

The Department of Social Protection budget allocation is €23.4 billion in 2023

WASHINGTON — Massive losses and large tax deductions in Donald Trump’s returns reveal how the former president was able to use the tax code to minimize his income tax payments.