Category: Taxation

A Major Moment for the British Economy: What to Watch in the U.K. Budget

Rachel Reeves, the top economic official in an increasingly unpopular government, will appear in Parliament to present tax and spending plans.
Britain’s Most Unpopular Chancellor in Decades Faces Another Big Test

Rachel Reeves, who has had a bruising tenure as the country’s top economic official, is set to announce tax and spending measures that risk stoking more discontent.
Judge Places Hold on IRS Data Sharing With ICE

A judge halted a federal deportation effort Friday, writing that the tax agency had illegally disseminated the data of some migrants.
Is Your College Football Team Short of Cash? Sports Betting Can Help.

Louisiana lawmakers tried a novel strategy for raising revenue, a model that proponents say might work more broadly.
The I.R.S. Tried to Stop This Tax Dodge. Scott Bessent Used It Anyway.

Like many on Wall Street, Treasury Secretary Scott Bessent used a limited partnership to avoid Medicare taxes. Unlike the others, he’s now overseeing the I.R.S.
How the Trump Administration Is Giving Even More Tax Breaks to the Wealthy

The Treasury Department and Internal Revenue Service are issuing rules that provide hundreds of billions of dollars in tax relief to big companies and the ultrarich.
Jamie Dimon of JPMorgan Says He Has Reached Out to Zohran Mamdani

The banking giant’s C.E.O. said he wanted to keep lines of communication open with the mayor-elect of New York.
Wall Street Laments Mamdani’s Victory and Plots Its Next Move

Many financiers are vowing to play nice with Zohran Mamdani, but some are already thinking about how they will blunt the mayor-elect’s most liberal initiatives.
Are Wealth Taxes the Best Way to Tax the Ultra Rich?

Plans for a wealth tax, which is dividing France, have gotten popular around the world as inequality has widened and government debt has risen.
Bessent Taps Social Security Chief to Serve as C.E.O. of I.R.S.

Frank Bisignano, who already leads the Social Security Administration, will also take on the day-to-day duties of the tax collector.
Fears of Economic Turmoil Deepen in France as Another Prime Minister Quits

The surprise resignation of Sébastien Lecornu after less than a month in office intensified concerns that France would be unable to tackle its enormous debt pile.
How Universal Child Care Could Change the Economy

Zohran Mamdani, the Democratic nominee for New York City mayor, has proposed no-cost, universal child care, helping to reignite a national conversation.