Britain’s opposition Labour Party hinted that it would impose new taxes on the wealthy, including shareholders and landlords, if it comes to power at the next election. In an interview, Labour’s would-be finance minister Rachel Reeves said, “I do think… Read More ›
wealthy
No change in personal tax slabs in UK, other than for the wealthy
According to a report from the Sunday Times, British Prime Minister Boris Johnson and Finance Minister Rishi Sunak are likely to trim personal taxes rates before the next election. Sunak has the challenging task of telling voters and lawmakers on… Read More ›
U.S. President Donald Trump clears significant hurdle for U.S. tax code overhaul
The tax-cut strategy calls for a reduction of corporate taxes from its existing 35% down to 20%. In a significant development, U.S President Donald Trump’s push to overhaul the U.S. tax code cleared a significantly hurdle with the Senate approving… Read More ›