Category: Taxation

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.
‘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.