Latest in Borrows Big Taxes
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Biden forgives more student loans: 60,000 borrowers will get notices canceling $4.5 billion in debt
The Biden administration announced on Thursday that it was forgiving another $4.5 billion in student debt for over 60,000 borrowers.Business - CNBC - October 17 -
Biden extends student loan payment pause by 6 months for 8 million SAVE plan borrowers
Student loan payments for some 8 million borrowers will remain on pause for six months or longer, a spokesperson for the U.S. Department of Education said.Business - CNBC - October 21 -
America’s economy looks strong. So why is Wall Street worrying about renters and younger borrowers?
It isn’t only subprime — renters and younger borrowers are weaker spots in an otherwise solid backdrop for consumer debt.Business - MarketWatch - October 21 -
Borrowers on the SAVE plan will be in forbearance for at least 6 more months—what to know if you're enrolled or want to apply
Borrowers can once again apply for the new Saving on a Valuable Education plan, but it's unclear if and when the benefits will go into effect.Business - CNBC - October 22 -
Student-loan borrowers facing financial hardship could get debt forgiveness — if Biden’s new plan survives
Student-loan borrowers struggling financially may have a path toward debt relief if the Biden administration gets its way.Business - MarketWatch - 6 days ago -
Biden's latest student debt plan would create forgiveness path for borrowers facing financial ruin
The Biden administration introduced a proposal to deliver student loan forgiveness to millions of people experiencing devastating financial hardship.Business - CNBC - 6 days ago -
8 million student loan borrowers would qualify for relief under Biden 'hardship' rules
The Biden administration announced on Friday proposed rules to give student debt relief to borrowers experiencing “hardship” in the president’s latest attempt to forgive student loans. The ...Politics - The Hill - 6 days ago -
UK borrowing costs hit post-election high on eve of Reeves’ first Budget
Chancellor will draw parallels with Tony Blair government’s efforts to repair country’s social fabric in late 1990sBusiness - Financial Times - Yesterday -
Gambling stocks hit by fears of UK Budget tax grab
Ladbrokes owner Entain falls 8% while Flutter loses 6%World - Financial Times - October 14 -
Reeves signals business taxes will rise in Budget
Chancellor says companies understand government must make ‘difficult decisions’ to balance booksBusiness - Financial Times - October 14 -
Don’t bet on a taxing outcome for UK gambling companies
Fears that money would flow from the regulated sector has long deterred action against the industryBusiness - Financial Times - October 14 -
Flutter chief warns on US betting tax rises
FanDuel owner says punitive duties could push customers towards unlicensed operatorsBusiness - Financial Times - October 15 -
5 things to know about Harris and Trump on taxes
Tax policy is set to take center stage after the election, as major portions of the tax code are due to expire by the end of 2025. Key portions of former President Trump's Tax Cuts and Jobs Act — ...Politics - The Hill - October 15 -
Reeves eyeing £40bn in tax rises and spending cuts
Filling the £22bn financial "black hole" would only be enough “to keep public services" still, she told a meeting.Top stories - BBC News - October 16 -
Hong Kong slashes tax on spirits to boost nightlife
Chinese territory’s chief executive John Lee tries to turn around economy amid fall in tourism and consumptionBusiness - Financial Times - October 16 -
Trump Keeps Promising New Tax Cuts. Other Republicans Are Wary.
Former President Donald J. Trump’s costly tax agenda undermines the changes he signed into law in 2017. Some Republicans are wary.Business - The New York Times - October 17 -
Tourism hotspot cuts council tax on second homes
Councillors vote to cut council tax premium, six months after a higher rate of 200% was brought in.Top stories - BBC News - October 17 -
Beard taxes and other lessons for Rachel Reeves
The chancellor could find new ways to raise money — or she could just broaden the tax baseWorld - Financial Times - October 18 -
Reeves looking at sweeping inheritance tax changes in Budget
UK chancellor considers extending ‘seven year rule’ on gift giving to 10 years among other reformsBusiness - Financial Times - October 18 -
Reeves looks to keep ‘stealth tax’ freeze on thresholds
Budget move on individual income could raise £7bn a year towards plugging £40bn fiscal shortfallBusiness - Financial Times - October 18 -
Tax threshold freeze not a pledge-breaker - Labour sources
Government sources insist the move would not constitute a breach of Labour's manifesto tax pledge.Top stories - BBC News - October 19 -
The Papers: Reeves 'will tax businesses' and Hoy's terminal diagnosis
Reeves' Budget plans are in the spotlight for many Sunday papers, while Liam Payne's death continues to draw the attention of several others.Top stories - BBC News - October 20 -
Is it better for my taxes if I donate shares or cash?
You get the biggest benefit by getting rid of the biggest potential tax liability.Business - MarketWatch - October 21 -
Hunt warns that Reeves will ‘trash’ economy with business tax hikes
Shadow chancellor says he rejected Treasury advice to raise employers’ national insurance paymentsWorld - Financial Times - October 22 -
How squeezing the rich through tax may backfire
If Britain is to have a more European welfare state, it needs a more European tax systemBusiness - Financial Times - October 24 -
Starmer attempts to define 'working people' tax pledge ahead of Budget
The prime minister is under pressure to set out who he is excluding from possible tax increases.Top stories - BBC News - 5 days ago -
Gold and taxes: What every investor needs to know
Taxes can eat into your profits when you're investing in gold. Here's what to know about the taxes you might owe.Top stories - CBS News - 5 days ago -
'Tax squeeze backlash' and Clarkson's health scare
Many papers lead with unease over Labour's maiden Budget, while others report on Jeremy Clarkson's health scareTop stories - BBC News - 5 days ago -
Tax blow for 1mn UK top earners by 2027
Fiscal drag will pull thousands more into a 60 per cent marginal rateWorld - Financial Times - 5 days ago -
Carried interest: private equity’s tax break
The lower-taxed performance fee has helped buyout firms’ executives amass personal fortunesBusiness - Financial Times - 4 days ago