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The Latest Breaking News from Income Tax

Scottish budget: John Swinney moves on income tax and business rates while scrapping indyref2 fund

Statement delayed due to tax plan leak to the BBC

Insider UK

Scottish budget as taxes to rise - how much you will pay under new rates

Deputy First Minister of Scotland John Swinney will today increase devolved income tax for those earning over £43,000 annually - in a bid to boost public sector pay.

Edinburgh Live

Scottish Budget: Middle and higher income Scots hit with rise in taxes

The higher and top rates of income taxes will increase by 1p in a bid to shore up public services across the country.

Daily Record

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Billionaire Ken Griffin sues IRS over leaked tax records

Multibillionaire Ken Griffin filed a lawsuit against the IRS Tuesday alleging the agency violated his right to privacy after investigative journalism outlet ProPublica reported in April on the tax records of the Republican megadonor and former Chicagoan.

Chicago Tribune

Govt allows non-resident taxpayers to manually file Form 10F till March 31 for claiming TDS benefit

NEW DELHI: The income tax department has allowed non-resident taxpayers not having PAN to file Form 10F manually till March 31, 2023, a move which would ease their compliance burden and enable them to claim lower TDS rate.

The Times of India

Earned income credit backers aim to keep expansion on the radar - Roll Call

Outside groups are urging Congress to bolster a key tax benefit for low-income workers in a year-end legislative package.

Roll Call

Scottish Government will continue 'progressive taxation model' says Social Justice Secretary

Shona Robison's comments come after the Record revealed the Government is considering raising income tax rates.

Daily Record

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Billionaires had an extra $1 trillion to influence the midterm elections. Save American democracy by taxing extreme wealth

Billionaire spending in the 2022 midterm elections was up 44% compared to 2018–but a minimum income tax on billionaires is gaining support in Congress.

Fortune

Scottish Government considering income tax rate rises for middle and top earners

EXCLUSIVE: It is understood tax rates could rise in the Scottish Budget in order to address funding challenges

Daily Record

Low-Tax States for 'Middle-Class' Families in 2026

Here are the best states for families with middle incomes (due to low tax burdens).

Kiplinger

Kentucky’s income tax will go down in 2023. Who does it help?

WEKU

Scottish Government 'could raise half a billion pounds' by taxing the wealthy

The research, published on the eve of the Scottish Government's Budget, was carried out by the IPPR Scotland think tank

Daily Record

Texas lawmakers have a $27 billion surplus, but a spending cap complicates their goal of lowering property taxes

Texas homeowners have some of the highest property tax bills in the nation, a byproduct of the state’s reliance on such taxes to help pay for public schools and the state’s lack of an income tax.

The Texas Tribune

‘Bereft of merit’: Delhi court dismisses income tax complaint against Newslaundry

Calling the charges “bereft of merit”, a Delhi court has dismissed a complaint by the income tax department against Newslaundry, its CEO Abhinandan Sekhri, and others.

Newslaundry

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Bangkok Post

One-stop centre to spur FDI in the offing

The government is establishing a new one-stop service centre to stimulate foreign direct investment and outlays on international headquarters and regional offices.

The Times of India

Budget should focus on job creation, steps to broaden tax base: India Inc to finance minister

NEW DELHI: The budget should focus on measures to accelerate job creation and broaden the tax base by rationalising GST and personal income tax slabs to boost consumption, industry bodies said in their pre-Budget meeting with finance minister Nirmala Sitharaman on Monday.

Evening Standard

Emily Sheffield: A bad hand played well still leaves Jeremy Hunt with a mountain to climb

Make no mistake, the contents of this financial statement are hitting the ‘just about managing’ middle classes devastatingly hard. No jam in sight anywhere for the JAMs… By freezing the basic and higher rate income tax thresholds until 2028, the Treasury hopes to raise £6 billion, as this stealth tax…

Daily Mirror

Spain is looking to launch a new visa for 'digital nomads' next year

Spain's digital nomad visa will offer remote workers a big income tax rate cut and the chance to stay in the country for years, so long as their employer is based elsewhere

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The Orange County Register

Editorial: California’s eternal poverty problem demands more than government checks

Fewer people were in poverty in California in 2021 than in 2019. That’s the good news. The bad news is that this was due only to government relief payments, not to an improving economy or more job opportunities.

The Guardian - UK

How the autumn statement will impact households, from single mums to married pensioners

Freezing of thresholds means those receiving a wage rise will pay more tax, while benefits increase by the rate of inflation

Liverpool Echo

Thousands of taxpayers to see £1,200 disappear from bank accounts

Chancellor Jeremy Hunt has confirmed some income tax bands are being moved

AAP

Tax bracket creep could repair budget

Tax bracket creep can reduce government debt but comes at the expense of tax efficiency and fairness, the Parliamentary Budget Office says.

Manchester Evening News

The 'stealth' tax hikes announced in Jeremy Hunt's budget and how they affect you

The chancellor had warned that everyone would be paying more tax from next year - here's how his tax hikes will affect you and your wallet

Daily Mirror

Autumn Budget: What it means for your money - from energy bills to pensions and wages

Jeremy Hunt has delivered his Autumn Statement in the House of Commons today, with changes to Income Tax, National Insurance and increases to benefits like Universal Credit

The Guardian - UK

What Jeremy Hunt’s autumn statement means for you

From income tax changes to help with the cost of living crisis, all you need to know about the chancellor’s changes

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