Latest in Says Tax Cuts
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BT says UK Budget will lift costs by £100mn as it lowers revenue guidance
Chief executive Allison Kirkby calls increase a ‘new inflationary pressure that we need to suffer in our business’World - Financial Times - Yesterday -
Fed cuts interest rates as Powell says he will not resign as chair
US central bank lowers target range by a quarter point to 4.5%-4.75%World - Financial Times - 16 hours ago -
What does the Fed's interest rate cut say about the state of the economy?
The Federal Reserve cut interest rates for the second time this year just days after the end of a presidential race in which inflation played a big role. CBS News MoneyWatch correspondent Kelly ...Top stories - CBS News - 15 hours ago -
UK inheritance tax raid would be ‘painful’ but not fatal for Aim, says LSE executive
Investors are nervous about potential abolition of business relief in this month’s BudgetWorld - Financial Times - October 18 -
Health savings accounts offer investors 'unmatched' tax benefits, expert says. Here's how to take advantage
Health savings accounts offer tax and saving benefits, but most Americans don't understand themBusiness - CNBC - October 23 -
Autumn budget live: Rachel Reeves raises taxes by £40bn and increases spending on NHS and schools
Chancellor announces changes to employers’ national insurance contributions, inheritance tax, capital gains tax and other duties. Budget 2024: key points at a glance Full report: Reeves raises ...World - The Guardian - October 30 -
'Inflation is like a regressive tax,' economist says — only one group can 'easily afford' holiday spending this year
If the thought of holiday spending makes you wince, you're not alone. Only one group can easily afford this year's costs, a survey found.Business - CNBC - October 30 -
Starmer insists pro-growth policies on way after OBR’s budget warnings – UK politics live
PM says budget just ‘first step’ after watchdog said measures would make no difference to growth over five years. Rachel Reeves is now being interview on ITV’s Good Morning Britain.. She is being ...World - The Guardian - October 31 -
Higher UK air taxes will not deter private jet customers, industry bosses say
Passenger duty will increase 50 per cent for the largest private jets in 2026World - Financial Times - November 1 -
Higher taxes will make it harder for Britain to build 'the next Nvidia,' tech execs say
Startup founders and investors slammed capital gains tax hikes in the U.K., saying it would make it harder for the country to succeed as a global tech hub.Business - CNBC - November 1 -
Trump promised no taxes on Social Security benefits. It's too soon to plan on that change, experts say
Even with Trump win and a Republican majority, plans to nix taxes on Social Security benefits may still face hurdles.Business - CNBC - Yesterday -
Many parents voted for Trump. His top priority should be expanding the child tax credit, advocates say.
Parents — specifically, male parents — voted for President-elect Donald Trump this election cycle in an ongoing show of support for the Republican Party by voters with children, according to exit ...Business - MarketWatch - 21 hours ago -
Capital gains tax hikes 'entirely off the table' under President-elect Trump, Republican Congress, economist says
Higher capital gains taxes are unlikely under President-elect Donald Trump and a Republican-controlled Congress, experts say.Business - CNBC - 18 hours ago -
Waller skeptical of more big Fed rate cuts amid worries a strong economy could reignite inflation
A key voter on the Federal Reserve said the surprising strength of the economy suggests the central bank should “proceed with more caution” in cutting U.S. interest rates to make sure inflation ...Business - MarketWatch - October 14 -
Big Fed rate cut was justified, but it may have acted politically, Trump economic adviser says
Kevin Hassett, who was Chairman of the Council of Economic Advisers in the Trump administration from 2017 to 2019, agreed with Trump’s view that the Federal Reserve has acted politically in recent ...Business - MarketWatch - October 19 -
Apple analyst Kuo says company cut iPhone 16 orders by 10 million units
Apple shares slid Wednesday after industry supply chain analyst Ming-Chi Kuo said the company has cut orders for the iPhone 16 by about 10 million units.Business - CNBC - October 23 -
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A Dutch government watchdog says the Netherlands is unlikely to hit a 2030 target for emissions cuts
The Dutch government’s climate watchdog is warning that the Netherlands is “very unlikely” to achieve a European Union-mandated reduction in greenhouse gas emissions by 2030 unless it takes urgent ...World - ABC News - October 24 -
Volkswagen plans to close at least 3 German plants and cut thousands of jobs
Europe’s largest carmaker tells works council it would slash pay by 10%Business - Financial Times - October 28 -
Volkswagen targets layoffs and 10% pay cuts amid plans for German plant closures, union says
Volkswagen is considering wide spread pay cuts and layoffs as well as closures or size reductions of its plants in Germany, the company's works council said Monday.Business - CNBC - October 28 -
Larry Fink says the Fed won't cut interest rates as much as markets expect this year
"I do believe we have greater embedded inflation in the world than we've ever seen," Fink said.Business - CNBC - October 29 -
Google's new CFO makes earnings call debut, says company can 'push a little further' on cost cuts
In her first earnings call as Alphabet CFO, Anat Ashkenazi said more streamlining will be needed so the company can invest in AI.Business - CNBC - October 30 -
Volkswagen CFO says 64% drop in profits shows ‘urgent need’ for cost cuts
The German car maker reported a sharp 12% drop in its sales in China as it said it profits were hit by higher fixed costs and €2.2 billion worth of restructuring expensesBusiness - MarketWatch - October 30 -
Possible Trump Treasury secretary says he'd work with Musk to cut federal spending
Hedge fund founder John Paulson, an ally of former President Trump, said in a new interview that he will work with tech billionaire Elon Musk to “reduce federal spending” if tapped to serve as ...Politics - The Hill - October 30 -
UK Treasury chief Rachel Reeves unveils budget with 40 billion pounds in tax hikes, says she'll “invest, invest, invest”
UK Treasury chief Rachel Reeves unveils budget with 40 billion pounds in tax hikes, says she'll “invest, invest, invest”World - ABC News - October 30 -
Goodbye to low-tax Britain
One does not need to subscribe to hyperbolic Tory rhetoric to recognise that this Budget heralded a major shiftBusiness - Financial Times - October 30 -
‘I’m a mother in turmoil’: My daughter refuses to see me. She says I didn’t do anything wrong — or right. I have 5 kids. Do I cut her out of my will?
“Our family trust is a couple of decades old and needs revision.”Business - MarketWatch - 2 hours ago -
Titans cutting Jamal Adams
Jamal Adams' brief tenure in Tennessee is coming to an end.Sports - Yahoo Sports - October 17