Category: Taxation

‘Tax the Rich,’ French Protesters Cry, as the Wealthy Push Back on Paying More

With a budget crisis looming, a proposal for a tax on ultrahigh-wealth individuals has grass-roots support, but it adds conflict to an already fragmented political landscape.
The Wealth Tax Plan That’s Roiling New York and French Politics

Endorsed by Zohran Mamdani and criticized by business leaders, the idea involves hitting millionaires with a stiff levy.
5 Ways to Protect Your Money When You’re Over 50 and Laid Off

When you’re over 50 and suddenly unemployed, priorities will switch to paying bills over saving for retirement. Here are ways to manage.
Trump Warns of Doom if Tariffs Are Ruled Illegal. Others See a Tax Cut.

Many American companies have had to shoulder at least some of the costs of tariffs, biting into earnings the same way a corporate tax increase would, analysts say.
Why France’s Financial Woes Are Pushing Its Government to the Brink

The French prime minister has proposed drastic spending cuts and tax increases to shore up the country’s accounts, but his plan could backfire.
Americans’ Most Valuable Asset Isn’t Stocks or a Home. It’s Social Security.

For the vast majority of people, the stream of promised retirement checks is worth more than anything else, our columnist says.
After Court Defeat, Trump Warns of Economic Chaos From Loss of Tariffs

The president and his advisers have suggested they will fight a federal appeals court’s ruling that found many of the administration’s tariffs to be illegal.
When Mailing a Letter to the U.S. Becomes a Global Headache

A driver’s license renewal, a box of specialty candy, even early Christmas presents — all are caught up in the confusion caused by a new Trump administration customs rule.
Inflation Sweetener? Denmark Plans Tax Cut on Chocolate and Coffee.

The Scandinavian country has proposed scrapping its tax on chocolate, cake and other sweets, as well as coffee, to help consumers cope with high food prices.
Facing a ‘Reading Crisis,’ Denmark Wants to Make Books Cheaper

The Danish government announced this week that it planned to make books exempt from a 25 percent value-added tax.
The Auctioneer and the Treasury Chief: How Billy Long Fell Short at the I.R.S.

Treasury Secretary Scott Bessent sought total control over the I.R.S., an agency where Mr. Long, the new commissioner, had started to put his own mark on the job.
Staggering U.S. Tariffs Begin as Trump Widens Trade War

The duties, which the president announced last week, took effect for about 90 countries just after midnight.