Latest in Luxury Tax
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Record 9 MLB teams docked $311M in luxury tax
The Dodgers, Mets and Yankees were the highest penalized among the record nine teams to be over the MLB's luxury tax threshold for 2024.ESPN - 2h -
World Series champion Dodgers top MLB luxury tax at $103 million as record 9 teams owe penalty
The Los Angeles Dodgers topped a record nine teams owing Major League Baseball’s luxury tax this year with an unprecedented $103 million penaltyABC News - 3h -
Dodgers top MLB luxury tax at $103 million as record 9 teams owe penalty
NEW YORK — The Los Angeles Dodgers topped a record nine teams owing Major League Baseball’s luxury tax this year with a $103 million penalty, and the New York Mets owe $97.1 million that raises ...Yahoo Sports - 6h -
Patrick Mahomes got his Chiefs teammates coolers full of luxury gifts — here’s what was inside
Mahomes gifted his teammates $425 Yeti coolers stuffed with luxury itemsYahoo Sports - 1d -
Volvo EX90 Review: A Luxurious Tech-Heavy Ride
The electric SUV, the flagship of the Swedish brand, is the most connected and safe car Volvo has ever made. There’s so much to like, but we also have a few gripes.Wired - 2d -
‘Big man to big man’: how the luxury industry is preparing for Trump
US is biggest market for sector which exports vast majority of products from France and ItalyFinancial Times - 14h -
Vuitton. Chanel. Who Cares? Prices and Quality Are Killing Luxury Brands.
Luxury brands have triggered their own death spiral by selling overpriced, overexposed and lower-quality products.The New York Times - 1d -
A big, broad view of British tax
Some charts showing all the taxes and all the tax reliefsFinancial Times - 2d -
Luxury safaris are changing — here's what affluent travelers want now
Luxury travelers want more from safaris today, pushing the industry to offer experiences that highlight animal conservation efforts and neighboring communities.CNBC - 2d -
Florida high-rises and luxury hotels are sinking, study finds
A new study found that 35 South Florida high-rise condominiums and luxury hotels are sinking. Gregor Eberli, co-author of that study and professor of marine geosciences at the University of Miami, ...CBS News - 3d -
Council tax to rise to fund up to £330m for police
The Home Office says funding for forces in England and Wales will rise by 3.5% in 2025-26.BBC News - 3d -
Notre Dame reopening spectacle caps a stellar year for luxury house LVMH
The reopening of Notre Dame Cathedral was a solemn celebration of cultural and spiritual renewalABC News - 6d -
Freedom Caucus says taxes come second
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Freedom Caucus backs strategy for Trump The hardline conservative House Freedom ...The Hill - Dec. 13 -
Many Americans face tax increases in 2026 if tax cuts are not passed
Many Americans will face a tax increase in 2026 if the 2017 tax cuts are not extended, according to a new analysis by the Tax Foundation. Richard Rubin, a U.S. tax policy reporter for the Wall ...CBS News - Dec. 13 -
Middle and higher earners face increasing tax burden
Budget measures combine with legacy ones to raise tax billsFinancial Times - Dec. 13 -
Treasury expands language for IRA biogas tax credit
The Treasury Department’s rule for implementing the Inflation Reduction Act’s (IRA) renewable energy tax credits will incorporate new language that will provide greater benefits for operations that ...The Hill - Dec. 12 -
Federal officials charge luxury real estate brokers with sex trafficking
Federal officials arrested and charged luxury real estate brokers Tal and Oren Alexander, and their brother, Alon, with sex trafficking. According to a federal indictment, the alleged crimes ...CBS News - Dec. 12 -
Inside Assad's luxury palace, a modernist sanctuary from the Syria he tore apart
On the outskirts of Syria's capital Damascus, NBC News got a look at former President Bashar al-Assad's palaces.NBC News - Dec. 12 -
Australia to introduce ‘news tax’ on tech companies
Move is designed to close loophole after Meta walked away from existing deal to use media contentFinancial Times - Dec. 12 -
Luxury Real Estate Brokers Indicted on Sex Trafficking Charges in New York
Oren and Tal Alexander, who brokered deals on high-end properties in New York City and Miami, have been indicted.Inc. - Dec. 12 -
Selfridges’ Thai co-owner says it overpaid for luxury store portfolio
Head of Central Group family conglomerate says higher global interest rates make original £4bn price tag less attractiveFinancial Times - Dec. 12 -
Luxury property brokers charged with sex trafficking
The Alexander brothers are accused of drugging, assaulting and raping dozens of women over more than a decade.BBC News - Dec. 12 -
Juan Soto gets free luxury suite and up to 4 premium tickets for home games in $765M Mets deal
Juan Soto gets free use of a luxury suite and up to four premium tickets behind home plate for regular-season and postseason New York Mets home games as part of his record $765 million, 15-year ...ABC News - Dec. 11 -
Thune expects tax package by summer: 'Failure is not an option'
Incoming Senate Majority Leader John Thune (R-S.D.) reaffirmed his objective to prioritize swift tax reform in the 119th Congress as well as legislation supporting border security and the energy ...The Hill - Dec. 11 -
Luxury real estate brokers charged with sex trafficking
Prosecutors accuse brothers Tal and Oren Alexander of using their wealth and connections to attract women they abusedFinancial Times - Dec. 11 -
Consult us on inheritance tax, farmers urge PM
Farmers driving tractors stage another protest against the Budget changes in central London.BBC News - Dec. 11 -
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Adidas' German headquarters raided in connection with tax investigation
Adidas' German headquarters was raided as authorities investigate a yearslong tax concern.CNBC - Dec. 10 -
Tax Cuts Were Top of Mind at the Tax Foundation’s Annual ‘Prom’
Republican control of Washington and a tax bill next year have corporate America excited — and on edge.The New York Times - Dec. 10 -
Luxury cars and high-end labels: shocked Syrians roam Assad family residences
Footage shows people looting expensive items after ‘butcher of Damascus’ fled to Moscow with family. Syria live – latest updates As prisoners were set free from their subterranean jail cells ...The Guardian - Dec. 9 -
India’s Luxury Property Market Is a Boon to Trump’s Business
The Trump Organization finds a warm welcome in India, where status-hungry home buyers clamor for a famous American brand.The New York Times - Dec. 9 -
Trump's tariffs: A tax on American consumers
President-elect Donald Trump has promised to impose across-the-board tariffs on imported goods from some allies and adversaries, claiming that foreign nations will pay such taxes to the U.S. ...CBS News - Dec. 8 -
Money may be green, but the color of luxury is 'Mocha Mousse'
A rich color is having a moment with shoppers — and it shouldn't come as a surprise.CNBC - Dec. 6 -
No need for 'large' council tax hikes - Robison
The finance secretary says a record funding deal should prevent an increase - but the decision will rest with local authorities.BBC News - Dec. 5 -
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Top Republicans collide on strategy for Trump tax agenda
House and Senate Republicans are clashing over how to advance President-elect Trump's tax agenda after incoming Senate Majority Leader John Thune (R-S.D.) offered a plan that would put off tax ...The Hill - Dec. 5 -
Ear Piercings Have Become ‘an Affordable Luxury’
As one expert said, multiple piercings and jewelry styles are “a way to switch up your aesthetic.”The New York Times - Dec. 5 -
These parts of Trump's tax cut law expire in 2026
The 2017 Tax Cuts and Jobs Act (TCJA) made huge permanent cuts to corporate and business taxes while making temporary cuts to individual taxes to limit the bill’s expansionary effects on the ...The Hill - Dec. 4 -
Claridge’s owner to triple its number of hotels as luxury travel booms
Maybourne wants to create a portfolio of properties, from Paris to New York and Dubai, in a decadeFinancial Times - Dec. 4 -
Thanks to peace, two unexpected words are echoing across Afghanistan's capital: Luxury housing
Peace is driving up property prices in Kabul and fueling the luxury marketABC News - Dec. 3
