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The Latest Breaking News from Income Tax

Give gun owners a tax break for getting rid of their weapons

The tax code should be amended so those who legally own a firearm can turn it in and receive a tax deduction on their federal income tax return.

Chicago Sun-Times

GOP wants to impose 30% US sales tax

The bill would also eliminate corporate income taxes and abolish the IRS

Salon

Weaker economic growth costing Scottish Government almost £700m

Scottish Fiscal Commission says differences in tax policy between Scotland and the rest of the UK are also to blame

Insider UK

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Justices weigh effort to balance Washington state's tax code

An effort to balance what is considered the nation’s most regressive state tax code is coming before the Washington state Supreme Court

The Independent UK

Three in court accused of 'cheating public revenue' out of thousands of pounds

Jamie Fenwick, Beverley Allcock and Dawn Parker were alleged to have committed the offences while living in Jarrow, in South Tyneside

Chronicle Live

GOP congressman says to not ‘buy a boat’ when asked about plan to hike sales tax

Democrats have criticised the proposal from the Georgia Republican to eliminate the income tax in favor of a national sales tax

The Independent UK

Tax deduction period extended for health foundation donations

The cabinet has extended the double tax deduction period for another two years for contributions made to 13 public health foundations via E-donation.

Bangkok Post

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Kansas Gov. Kelly warns against politics in classrooms, renews calls for medical marijuana

TOPEKA, Kansas — Kansas Gov. Laura Kelly in her State of State address on Tuesday night warned the Republican-controlled Legislature that she would oppose “irresponsible tax proposals” and education measures that pit “parents against teachers,” even as the Democratic governor seeks GOP support for her agenda.

Tribune News Service

Mayoral candidate Brandon Johnson unveils tax-the-rich plan to bankroll social services

Johnson wants to “make the suburbs, airlines and ultra-rich pay their fair share” to generate $800 million in new revenue. His plan includes a Metra “city surcharge” to raise $40 million from the suburbs.

Chicago Sun-Times

Korn's party pushes tax cuts for lower-income bracket

The Chartpattanakla Party has proposed a tax restructuring under which people earning 40,000 baht or less a month as a salary or for freelance work would enjoy an income tax cut.

Bangkok Post

Record number of Britons are now dependent on the state

Analysis showed that 83 per cent of all income tax is paid by just 40 per cent of British adults

Wales Online

Joseph Stiglitz: tax high earners at 70% to tackle widening inequality

Nobel prize-winning economist calls for new top rate of income tax and 2-3% wealth tax on fortunes

The Guardian - UK

Tax cheat 'family man' spared jail as court told of cocaine habit

Justin Barker failed to pay up more than £70k in tax and VAT

Manchester Evening News

Tax cheat dad, 49, said coke habit 'destroyed marriage'

The court heard Justin Barker was "once wealthy" and failed to pay up over £70K

Liverpool Echo

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The Independent UK

W.Va. House passes bill to cut personal income tax by half

West Virginia’s Republican-dominated House of Delegates has passed a historic 50 percent reduction of the state’s personal income tax

The Independent UK

Eamonn Holmes in challenge to tax tribunal ruling over ’employee’ status at ITV

The broadcaster previously brought a case against HMRC over the income tax and national insurance the body said was due.

WEKU

Today’s Interview: Tax Foundation analyst reviews HB1, which would further reduce Kentucky’s inc

Today’s Interview: Tax Foundation analyst reviews HB1, which would further reduce Kentucky’s income tax

Los Angeles Times

IRS gives drenched Californians an extra month to file tax returns

The Internal Revenue Service offered a lifeboat of sorts Tuesday to California residents and businesses floundering in the atmospheric river: More time to pay their income taxes.

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Wales Online

Plaid Cymru accuses Mark Drakeford of lacking the will to give nurses a pay rise

Mark Drakeford accused Plaid leader of misrepresenting how government finances work

Tribune News Service

Editorial: IRS gets financial windfall, but keeps same old stripes

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…

Bangkok Post

Tax incentives to encourage reduction in plastic usage

The Industry and Finance ministries are using a new corporate income tax reduction programme to encourage businesses to use more biodegradable plastic products, in a move to reduce waste.

Reason

In 2022, the IRS Went After the Very Poorest Taxpayers

Despite $80 billion in new funding, the agency is living up to its reputation of hassling low-income taxpayers over rich people.

WEKU

Plan to cut income tax again advances out of Kentucky House

WEKU

Tax cuts, maybe medical cannabis: what’s in store for the 2023 Ky. General Assembly

The Guardian - UK

Reform UK to field candidate against every Tory at next election, says leader

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

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