Latest in Historic Tax Spend
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Struggle for Senate control goes down to the wire as spending shatters records
Billions of dollars in ads are raining down on voters across the Rust Belt, Rocky Mountains and American southwest as the two major political parties struggle for control of the U.S. SenateTop stories - ABC News - Yesterday -
Amazon Shares Rise on Robust Demand, Surge in AI Infrastructure Spending
The tech company’s capital expenditures reached a quarterly record amid a big build-out of artificial-intelligence infrastructure.Business - The Wall Street Journal - 22 hours ago -
AI demand drives growth and higher spending at Amazon’s cloud business
Ecommerce company’s shares rise as it also gives an upbeat forecast for the holiday quarterBusiness - Financial Times - Yesterday -
Wall Street frets over Big Tech’s $200bn AI spending splurge
The four biggest US internet groups this week showed glimpses of benefits but warned of increased spendingBusiness - Financial Times - 6 hours ago -
Construction spending ticks up to four-month high in September
Construction spending rose 0.1% in September, the Commerce Department reported Friday.Business - MarketWatch - 7 hours ago -
Wayfair customers are more price conscious, have cut spending as election nears
Wayfair’s stock turned lower as some downbeat comments about the home-goods seller’s customers followed an earnings beat.Business - MarketWatch - 6 hours ago -
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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 -
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
