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The Latest Breaking News from Income Tax

Senate Passes 'No Tax on Tips' Act in Unanimous Vote

The U.S. Senate has approved the 'No Tax on Tips' Act, aiming to eliminate federal income tax on tips, with bipartisan support.

Mic

Two reasons why millions of pensioners are paying higher income tax rates

IN FULL

The Independent UK

Millions of pensioners ‘dragged’ into paying higher tax rates

“The nation has fallen victim to the effects of fiscal drag” says one expert

The Independent UK

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Around 1m pensioners paying income tax at 40% or above

The number of people at state pension age or older who are paying the tax at 40% or above has doubled in four years, according to HMRC figures.

Evening Standard

Think a Repeal of the Estate Tax Wouldn't Affect You? Wrong

The wording of any law that repeals or otherwise changes the federal estate tax could have an impact on all of us. Here's what you need to know, courtesy of an estate planning and tax attorney.

Kiplinger

Personal average tax rates in Europe: Which countries saw the biggest rise in 2024?

The tax burden on workers, composed of income tax and social security contributions, varies widely across Europe. In 2024, this burden changed significantly in some countries, with notable rises and falls.

Euronews

Missouri Leads Capital Gains Tax Repeal: Will Your State Follow?

As one state becomes a test case, policymakers and taxpayers across the U.S. will be watching closely to see what happens next.

Kiplinger

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I-T sleuths search at least 24 premises linked to Gujarat Samachar, owner’s family

Income tax searches are being conducted on at least 24 premises linked to Gujarat Samachar and the family that owns it in Gujarat’s Ahmedabad, Newslaundry has learnt.

Newslaundry

Inside the European centres favoured for cross-border tax planning

Euronews takes a closer look at the favoured corporate tax centres across Europe and its overseas territories.

Euronews

Donald Trump shows good instincts with his tax plan—he just needs to go bigger

Freeing Americans from income tax for their first 25 years in the workforce would transform lives—and the nation.

Fortune

Trump’s tax hike on millionaires is back on the table—but experts say it won't make a dent in the ultra-rich

The richest sliver of Americans now own a record share of the wealth, and tweaking income taxes is unlikely to change that.

Fortune

Europe’s top tax breaks for the rich – see how countries compare

A number of countries, eager for investment and tax revenue, are hoping to become magnets for the wealthy.

Euronews

Personal income tax rates in Europe: Where do workers pay the highest and lowest taxes?

Personal income tax rates vary significantly across Europe, with Nordic countries paying the highest and Eastern European countries the lowest. Euronews takes a closer look at the key factors that influence how much individuals pay in tax.

Euronews

Retirees: Don’t Miss These Valuable State Tax Breaks in 2025

Selecting the right state for retirement can significantly impact your financial well-being.

Kiplinger

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Reason

Stop Subsidizing the 'Sport of Kings'

Plus: A ridiculous tax carveout, Trump backs D.C. stadium, and Shedeur Sanders

Latin Times

Trump Promises 'Substantially Lower Taxes' as He Doubles Down on Tariff Plan

President Donald Trump blamed the Revenue Act of 1913 for the nation's shortcomings and assured Americans taxes will be lower once his tariff plan is fully implemented during an interview Wednesday.

The Fashion Central

Pensioners Hit with £3,000 'Stealth Tax' as Frozen Thresholds Quietly Take a Toll

Millions of pensioners are on course to hand over nearly £3,000 more in tax thanks to frozen income tax thresholds.

International Business Times UK

Trump's Bold Tax Claim: Can Tariffs Really Replace Income Tax?

Trump claims tariffs could eliminate INCOME taxes, but economists warn of skyrocketing prices and recession risks. Can his plan work, or is it a recipe for economic chaos? Share your view!

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International Business Times

Kendal Ludden, CPA, Esq. Launches '1913 The Death of US' to Reignite Constitution Literacy & Entrepreneurial Spirit

Named after the pivotal year when the 16th Amendment, 17th Amendment, and the Federal Reserve Act were enacted, creating the modern income tax system, shifting Senatorial elections, and founding the IRS, this nonprofit organization is Kendal's bold response to what he calls 'the systematic erosion of liberty.'

Kiplinger

Should You Do A Roth IRA Conversion? Nine Things to Consider

Thinking of converting a traditional IRA to a Roth IRA? The Kiplinger Tax Letter Editor highlights nine factors you should consider before making a move.

Kiplinger

Gen X, Boomers, Millennials, or Gen Z: Which Generation Pays the Most Taxes?

Polls show that most people feel like taxes are unfair. But which age group bears the brunt of the tax burden in the United States?

The Guardian - AU

Turnbull says negative gearing ‘examined by every government’ – as it happened

This blog is now closed

The Conversation

We compared the Labor and Coalition’s income tax proposals to see who benefits most

We now have the competing bids for our votes by the alternative governments on income tax policy.

The Guardian - UK

‘Silicon Six’ accused of avoiding almost $278bn in US corporation taxes over 10 years

Analysis finds Amazon, Meta, Alphabet, Netflix, Apple and Microsoft averaged 18.8%, compared with 29.7% US average

The Independent UK

Top economist urges Reeves to raise basic rate of income tax for first time in 50 years

Institute for Fiscal Studies boss Paul Johnson warned Donald Trump’s trade war is ‘badly buffeting’ the UK economy

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