The Latest Breaking News from Tax Cuts

Bernie Sanders Says Microsoft's Layoffs and Xbox Price Hike Show Tax Cuts 'It Never Trickles Down'

On Monday, Sen. Bernie Sanders (I-Vt.) argued that Microsoft Corp’s (NASDAQ:MSFT) recent layoffs and Xbox price increases undermine claims that large corporate tax cuts ultimately benefit American workers.

Benzinga · Jul 7

Child Tax Credit: Many Families Expected It to Fall to $1,000 in 2026—Here’s What Actually Happened

For months, many parents worried that the federal Child Tax Credit would be cut in half after 2025, dropping from $2,000 to $1,000 per qualifying child. Those concerns stemmed from the scheduled expiration of provisions from the 2017 Tax Cuts and Jobs Act. Instead, Congress took a different path by…

Kids Ain't Cheap · Jul 3

Finance Bill passed 'hurriedly' to give tax benefits to liquor cos: Kerala LoP Vijayan

Leader of Opposition Pinarayi Vijayan accused the UDF government of hastily passing the Finance Bill to benefit liquor companies through tax cuts, disregarding assembly rules. He alleged Chief Minister VD Satheesan was determined to grant these tax benefits, which he believes will lead to increased liquor availability. The Assembly approved…

The Economic Times · Jul 2

Australia's lower house passes bill for biggest overhaul of taxes in decades

Australia's parliament has approved a major tax reform. The government is curbing tax breaks for property investors to boost housing affordability. A capital gains discount is being removed. New tax cuts for workers are also included. The bill now moves to the Senate for further consideration. These changes aim to…

The Economic Times · Jun 4

Govt weighs tax cuts to boost foreign bond inflows: Report

India is set to boost foreign investment soon. The government plans to cut taxes on global funds investing in Indian bonds. Ownership limits on certain bonds may also be removed. These measures aim to attract more capital. The Reserve Bank of India is expected to allow unlimited access to some…

The Economic Times · Jun 3

India Inc sails past fourth-quarter estimates, but oil shock clouds outlook

Indian companies achieved better-than-expected profits in the March quarter. Domestic activity was strong, supported by tax cuts and easy money. However, the ongoing Iran conflict is creating an energy shock. This is expected to impact future company earnings negatively. High oil prices and supply issues pose risks to the economic…

The Economic Times · Jun 2

Wes Streeting backs calls for national insurance cut and North Sea drilling

Labour leadership hopeful says NI reduction for firms could ‘incentivise’ hiring, particularly of younger people

The Guardian - UK · May 31

Texas Seniors Are Finally Seeing the 2023 Property Tax Cuts Show Up on 2026 Bills

For years, many Texas seniors felt like property tax relief was always being promised but never fully felt in their monthly budgets. Even after the...

Saving Advice · May 22

France announces €710 million in new energy aid

French Prime Minister Sébastien Lecornu has announced new support measures to cushion the impact of the energy crisis caused by the war in Iran. The €710 million package includes extending existing support schemes for sectors such as fishing, farming and construction, as well as a new bonus for taxi drivers…

France 24 · May 21

Extension on fuel excise relief kept in play by PM

Fuel excise relief appreciated by Australian motorists may not end in July, as the government promotes other tax cuts due to begin at the same time.

AAP · May 16