German Tax Cuts
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The Wall Street Journal - World
German Industry Continues to Struggle
German industrial production slumped in May as car manufacturing tailed off, after an uptick in the sector at the start of this year faded away.Germany -
Financial Times - World
Portugal to reintroduce tax breaks for skilled foreigners
Retirees’ incomes will be excluded from perk as Lisbon aims to boost growth with 20% flat rate -
The Wall Street Journal - World
Connecticut Democrats Try to Tax the Wealthy Away
Hartford won’t be satisfied until every last millionaire in the state moves to New Hampshire or Florida. -
The Wall Street Journal - World
German Factory Orders Unexpectedly Fall Again
Manufacturing orders were 1.6% lower in May than the prior month, indicating that the key sector for Germany’s export economy continues to struggle.Germany -
The Wall Street Journal - World
Euro Corporate Bond Supply Expected to Decline in Second Half of 2024
Rising geopolitical concerns and the upcoming U.S. elections are likely to limit issuance of euro-denominated corporate bonds in the second half, ING said. -
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CBS News - Top stories
Alec Baldwin's "Rust" denied New Mexico tax incentives
Attorneys for Alec Baldwin's "Rust" said the incentive would have been used to pay a settlement to cinematographer Halyna Hutchins' family. -
CNBC - Business
This 'bucket strategy' could lower your taxes in retirement — here's how to maximize it
Most Americans aren't planning to reduce taxes on retirement income. Here's how the "bucket strategy" could help, experts say. -
The Hill - Politics
Hogan calls on Alsobrooks to disavow Maryland tax, fee increases
Former Republican Maryland Gov. Larry Hogan, who is running for Senate, has written a letter calling on his opponent, Angela Alsobrooks (D), to disavow recent tax and fee increases in the state. The letter, first reported by the Washington ... -
The Wall Street Journal - World
Canada Enacts Digital-Services Tax Amid Risks of U.S. Trade Retaliation
Canada authorized the implementation of a digital-services tax, a move that threatens to trigger trade retaliation from Congress and the Biden administration. -
The Guardian - World
Does Australia need a sugar tax to tackle diabetes, and how would it work?
A parliamentary report says sugary drinks should be taxed to help stop the spread of obesity. Follow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastEvery five minutes an ... -
Financial Times - World
UK tax authority accused of ‘pattern of costly mistakes’ after latest bungle
Case was recently thrown out after HMRC missed court deadlineUnited Kingdom -
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Financial Times - World
Property tycoon Jamie Ritblat and EY settle tax dispute with HMRC
UK tax authority was pursuing Conservative donor for income and employment-related taxes -
Financial Times - World
How to protect your wealth from future Labour tax raids
Advisers plot ways to ‘Labour-proof’ clients’ finances after landslide victory -
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The Guardian - World
‘It needs to stay in the loop’: German reuse schemes turn shopping upside down
After success of bottle deposit schemes, some retailers are trying to widen culture of reuse – and start tackling Europe’s waste problem. René Heiden pulls two glass yoghurt jars off the shop shelf, and lists the nearby supermarkets in which they ... -
The Wall Street Journal - World
Barclays Sells German Consumer Finance Business to Austria's Bawag
Barclays said its Hamburg-based Consumer Bank Europe—which offers diversified retail banking services to the German and Austrian markets—will be bought for a small premium to net assets.Germany -
ABC News - World
German city renames itself after Taylor Swift — at least for a few weeks
The Swifties are about to take over the German city formerly known as Gelsenkirchen, where American superstar Taylor Swift is set to give three Eras Tour concerts later this monthGermany -
The New York Times - World
First Black African-Born Member of German Parliament Won’t Seek Re-election
Karamba Diaby, whose 2013 victory was considered a win for equality, said he wanted more time with his family. But he has also spoken of the death threats he has received. -
The Wall Street Journal - Business
Barclays Sells German Consumer Finance Business to Austria's Bawag
Barclays said its Hamburg-based Consumer Bank Europe—which offers diversified retail banking services to the German and Austrian markets—will be bought for a small premium to net assets.Germany -
ABC News - World
German government averts crisis with budget agreement for Europe’s largest economy
The German government has announced an agreement on its budget for 2025 and a stimulus package for Europe’s largest economy, easing a monthslong squabble that threatened to upend Chancellor Olaf Scholz’s center-left coalitionGermany -
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Financial Times - World
Scholz unveils budget after tensions inside German coalition
Package includes measures to boost corporate investment, tax incentives for R&D and plans for longer working hoursGermany -
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The Wall Street Journal - World
Fed Officials Signaled No Hurry to Cut Rates
The minutes of their last meeting suggested some are on alert for signs of labor-market deteriorationFederal Reserve -
The Wall Street Journal - World
Metal Prices Mixed; Gold Slips Slightly But Base Metals Rise
Base metals prices were higher while gold futures ticked lower but broadly holding ground, supported by rising jobless claims, which weighed on investor belief in a still-hot U.S. labor market, SP Angel said. -
The Wall Street Journal - World
Dollar Could Fall if Rate Cut Bets Rise
The dollar looks set to fall heading into next year as recent softer U.S. economic data could bolster market expectations for interest rate cuts by the Federal Reserve, MUFG Bank said. -
Financial Times - Business
ECB minutes reveal doubts over rate cut
Move to lower borrowing costs concerned many policymakers as inflation and wages moved in opposite direction -
The Wall Street Journal - World
Netflix, U.S. Companies Ask Canada Appeal Court to Stop Proposed Tax on Streaming Revenue
An industry group representing Netflix, Walt Disney and other U.S. streaming companies has asked a Canadian court to stop plans by authorities to force them to fork over 5% of their sales in the country to help finance local broadcast news and ... -
The Wall Street Journal - Business
Netflix, Disney Ask Canada Appeal Court to Stop Proposed Tax on Streaming Revenue
Netflix, Walt Disney, and other U.S. streaming companies have asked a Canadian court to stop plans by authorities to force them to fork over 5% of their sales in the country to finance local broadcast news and other domestic content. -
Financial Times - World
UK holiday let owners move to business rates system as council tax soars
Authorities trying to encourage local buyers are losing outUnited Kingdom -
MarketWatch - Business
How a burger-shack owner allegedly toppled a government and evaded taxes on $7 billion in U.S. military contracts
Douglas Edelman has been charged with hiding $350 million in income. He allegedly spent the money on yachts and an Austrian chalet. -
CNBC - Business
IRS has taken nearly 2 years to help tax identity theft victims get their refunds
Tax identity theft victims are waiting nearly two years for resolution and refunds from the IRS. But the agency is working on improvements. -
The Wall Street Journal - World
Shell expects to book up to $2 billion in post-tax impairments after delaying construction of a biofuels plant.
Shell expects to book up to $2 billion in post-tax impairments after delaying construction of a biofuels plant.