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The Latest Breaking News from Tax Cuts

Reform hits out at IFS analysis of Scottish tax plans

The IFS said the party’s tax plans were ‘not credible’.

Evening Standard

Europe's response to the relentless surge in energy and fuel costs from the war in Iran

Brent crude topped €100 a barrel after the Strait of Hormuz was closed. With no unified EU response from Brussels, capitals are opting for tax cuts, price caps or simply delaying concrete action.

Euronews

Spain unveils €5 billion energy package with tax cuts to offset Iran war costs

The Spanish government has approved a package of 80 measures to tackle rising energy prices and mitigate the broader economic impact of the war in the Middle East.

Euronews

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Nato relocates personnel from Iraq mission to Europe amid conflict in Middle East – as it happened

Announcement follows Poland’s confirmation of troop withdrawal because of ‘worsening security situation’

The Guardian - UK

The $38.9 trillion national debt is costing you thousands of extra dollars per year on your mortgage. Here’s how it adds up

“The consistent pattern of deficit spending that has been the norm in the United States for many years has driven up costs for families."

Fortune

Tax cut could help more drivers dodge petrol price hike

More Australians could turn to electric vehicles to avoid rising fuel costs if governments keep tax cuts for their purchase and consider new incentives.

AAP

Ted Cruz Urges Scott Bessent to Go Around Congress and Enact $200B Tax Cuts

Republican Sens. Ted Cruz and Tim Scott formally urged Treasury Secretary Scott Bessent to enact roughly $200 billion in tax cuts without the approval of Congress.

International Business Times

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2 Reasons Middle-Class Tax Refunds Might Feel More Like Stealth Stimulus Checks This Year

Some middle‑class tax refunds may be bigger this year, thanks to tax cuts and inflation adjustments. Here’s why your refund might feel like extra cash.

GOBankingRates

Health care spending is surging just as Trump’s tax cuts cripple its funding

Health spending is eating up a growing share of the government’s shrinking budget.

Fortune

Can IFAD’s “First Mile” revolution secure Africa’s food future?{Business Africa}

We find out how IFAD is transforming farm losses into bankable opportunities for rural youth and local markets and ECOWAS promised cheaper regional flights after aviation tax cuts — but high fares and conflicting national policies are stalling reforms.

Euronews

Finally fixing capital gains tax is good – but linking it to another tax cut for Australia’s rich is bollocks

Undoing bad policy does not require rewarding those who have benefited from it

The Guardian - AU

Trump vs. 5 Presidents Who Raised Taxes the Most and 5 That Lowered Them

Understanding how different administrations shape U.S. tax policy is key to making sense of today's economic unrest. Over the past several decades, presidents from both political parties have...

GOBankingRates

How The SALT Deduction Caps Squeezed Many Middle-Income Taxpayers

A single number — $10,000 — redrew the financial map for millions of households. When Congress passed the Tax Cuts and Jobs Act in late 2017, lawmakers lowered tax rates, nearly doubled the standard deduction, and promised broad relief. Yet one provision quietly shifted the ground under middle-income families in…

The Free Financial Advisor

Georgia Tax Proposal: Senate Leaders Push Long-Term Plan to Phase Out Income Tax

Checking your pay stub can feel like watching money drain through a crack in the floor. You work hard and do everything right, yet a chunk of your earnings disappears before it ever reaches your hands. It is no wonder so many Georgians feel squeezed by the rising cost of…

Budget and the Bees

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Fortune

Trump’s tariffs cancel out what he claims is ‘the largest tax cut in American history’: The average person will lose $300 even after refunds

“If the tariffs were out of the picture, it would be real relief for American workers and businesses,” the Tax Foundation’s Erica York told Fortune.

GOBankingRates

Working Families Tax Cuts Act Kicks In Next Year: 5 Moves To Make Before the Rules Shift

Working Families Tax Cuts Act takes effect 2026 with retroactive provisions. Make these strategic moves now for tips, overtime, car loans, HSAs and refunds.

The Guardian - UK

Japanese shares hit record high as Sanae Takaichi wins landslide election victory

Prime minister’s Liberal Democratic party to be pressed on promised tax cuts and fiscal stimulus plans

Thousandaire

The 2026 Tax Law Change That Could Cost You Thousands — Unless You Do This Now

For the last eight years, tax season was deceptively simple for most Americans. Thanks to the 2017 Tax Cuts and Jobs Act (TCJA), the Standard Deduction was so high, nearly $30,000 for couples, that 90% of taxpayers stopped tracking receipts. You didn’t need to log your charitable donations, medical bills,…

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International Business Times UK

Trump's One Big Beautiful Bill Boosts $1000 Refund Rush – Treasury Braces for Record Payouts

US taxpayers face a record-breaking refund season as Trump's retroactive tax cuts trigger an £80 billion windfall, though a reduced IRS workforce struggles to cope.

GOBankingRates

I Asked ChatGPT for Trump Policy Impacts in 2026 — 3 Predictions for Middle Class

Trump’s tariffs, tax cuts and Medicaid reductions could raise costs and offer limited middle‑class relief, increasing inflation and financial strain.

Times Life

₹92 per Dollar Isn’t Just a Number: Why a Weak Currency Makes Life Costlier in India

A weak rupee does not stay in currency markets. It quietly shows up in household budgets. When the rupee moves toward levels like 90 or beyond against the dollar, India starts paying more for fuel, food, education, healthcare, travel, and essential imports. Life does not feel expensive overnight. It feels…

Euronews

Japan's central bank holds rates steady after bond sell-off and ahead of elections

The Bank of Japan announced this Friday that its policy interest rate remains unchanged at 0.75%. The decision comes after a huge sell-off in Japanese bonds this week, triggered by Prime Minister Takaichi's call for snap elections, and unfunded tax cuts that fuelled inflation fears.

GOBankingRates

Trump’s $2K Dividend Explained: Tax Cuts, Refunds or Direct Payments?

Sources say they would be similar to tax refund checks.

Euronews

Greece introduces 2026 tax cuts aimed at families and young workers

Athens has lowered most income tax rates by two points and rolled out extra breaks tied to children and for younger workers, including zero income tax for under-25s earning up to €20,000.

Barchart

Dollar Climbs With T-Note Yields

The dollar index (DXY00 ) today is up by +0.27%. The dollar is stronger today as higher T-note yields strengthened the dollar's interest rate differentials. Also, comments today from Richmond Fed President Tom Barkin were supportive of the dollar when he said he expects tax cuts and deregulation to lift...

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