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The Latest Breaking News from Income Tax

Income tax rise only way to plug extra £20bn in Budget black hole, economists warn Reeves

Economists say trying to balance the books by raising smaller taxes risks ‘unnecessary amounts of economic damage’

The Independent UK

How Montenegro became the world's fastest-growing hub for millionaires

Montenegro has experienced a 124% increase in the number of millionaires within its borders over the last decade, significantly more than the UAE or the U.S.

Fortune

Taxes must rise but taxes must be fair

THE INDEPENDENT VIEW: Editorial: A tax rise only on the rich will hurt growth and raise too little revenue – a broader rise in income tax would be fairer and more effective

The Independent UK

From analysis to the latest developments in health,
read the most diverse news in one place.

Rachel Reeves under pressure to target high earners in Budget tax raid

Exclusive: The chancellor is being pushed to break Labour’s manifesto pledge on not raising income tax

The Independent UK

Raise £12bn in budget by extending income tax thresholds freeze, says thinktank

Fabian Society says move ‘best available option’ for chancellor as she seeks to offset impact of weaker economic forecasts

The Guardian - UK

Chancellor declines to rule out income tax hike – reports

Raising the basic rate of income tax by 1p could raise around £8 billion, but would break a clear manifesto pledge.

Evening Standard

Rachel Reeves ‘considering breaking Labour manifesto pledge with income tax raid’

Rachel Reeves is reportedly considering raising income tax to help fill an estimated shortfall of between £30bn and £50bn

The Independent UK

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Rachel Reeves 'considering breaking Labour manifesto pledge with income tax rise at Budget'

Treasury discussions to fill estimated £30billion gap include possibly adding 1p to basic rate or raising higher or additional tax rates

Evening Standard

Reeves considers breaking manifesto pledge with income tax rise to fill £30bn gap

Exclusive: Treasury discussions include possibly adding 1p to basic rate or raising higher or additional tax rates

The Guardian - UK

Three Critical Tax Changes Could Boost Your Paycheck in 2026

The IRS predicts these tax breaks may change take-home pay in 2026. Will you get over $1,000 in tax savings?

Kiplinger

Trump 2025 Tax Bill: What’s Changed and How It Affects Your Taxes

From standard deduction amounts to tax brackets and Medicaid cuts, here’s what individual filers need to know about tax changes in Trump's so called "big beautiful bill."

Kiplinger

How Rachel Reeves could balance Britain’s books and lower inequality

Letters: Caitlin Boswell lays out measures that would make taxation fairer and improve lives. Plus letters from Rachel Sharp, Dr Tim Owen and Paul McGilchrist

The Guardian - UK

I Asked ChatGPT Where Retirees Should Live in 2025 for Maximum Savings

If you're retiring in 2025, see where AI thinks your retirement savings will last the longest, thanks to low cost of living and low or no state tax burdens.

GOBankingRates

More than 1.1m people over pension age could pay income tax on savings accounts

Some 1,160,000 people over state pension age are expected to incur an income tax liability on savings, according to data obtained by AJ Bell.

Evening Standard

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The Conversation

Sussan Ley commits to offering income tax cuts at the election

Opposition leader Sussan Ley will commit the opposition to taking a plan to cut personal income tax to the election – despite being unable to foresee what the budgetary and economic circumstances will be by then.

Euronews

Poland's president signs off on new zero income tax law for parents with two children

The bill, presented by Karol Nawrocki in August, removes the income tax obligation on families earning up to 140,000 zloty (€32,973) a year.

Kiplinger

Child Tax Credit, EITC, & More: Three IRS Tax Breaks Getting Bigger Soon

Key family tax breaks are higher for 2026, including the Earned Income Tax Credit and the Adoption Credit. Here's what they're worth.

The Guardian - AU

Millions of lower-income workers in Australia are set to benefit from proposed super changes. Here’s why

Treasury estimates Australians affected by boost will get an average extra $410, and could end up retiring with an extra $15,000 in super

Get all your
news in one place.

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GOBankingRates

I Asked ChatGPT To Find the Best Places To Retire With Zero State Income Tax

ChatGPT reveals the best retirement states with no income tax: Wyoming, Florida and Nevada top the list, plus 6 runners-up with pros and cons for each location.

Evening Standard

We’ve reached our limits around tax in Scotland, says Robison

The Finance Secretary also suggested there are too many public sector bodies in Scotland.

International Business Times

Everything We Know About The New IRS 2026 Federal Income Tax Brackets

The Internal Revenue Service announced changes to over 60 tax provisions that are expected to save Americans more money for the tax year 2026.

International Business Times UK

IRS 2026 Federal Income Tax Brackets Announced: Standard Deduction Raised, New Relief for Seniors

The Internal Revenue Service announced changes to over 60 tax provisions that are expected to save Americans more money for the tax year 2026.

Bangkok Post

Latest 2025 tax rules for foreign workers in Thailand

Foreigners working legally in Thailand face tighter tax regulations as the Thai government moves to align its tax system with international standards.

Kiplinger

New 2026 Income Tax Brackets Are Set: Will Your Rate Change?

The IRS has adjusted federal income tax bracket ranges for the 2026 tax year to account for inflation. Here's what you need to know.

The Independent UK

Budget 2025: Experts reveal which tax increase will have ‘least damaging’ impact

Economic analysis has revealed whether a income tax or VAT increase will be the better option for the economy

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