Latest in Tax Increases
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Business and wealthy bear brunt of £40bn tax increases in UK Budget
Markets unsettled by extent of government borrowing as Rachel Reeves boosts spendingBusiness - Financial Times - October 30 -
Can Nashville Persuade Voters That a Sales Tax Increase Is Worth the Price?
Desperate to compete with other growing cities, Nashville’s leaders are trying once again to convince voters that a sales tax increase is worth the price.Top stories - The New York Times - November 4 -
Reeves insists she will not be ‘coming back with more tax increases’
UK chancellor describes last week’s £40bn tax-raising Budget as a ‘one-off reset’ and one ‘we will never need . . . again’World - Financial Times - November 6 -
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 -
Samsung falls short of expectations as chipmaker fails to reap AI benefits
Third-quarter operating profit far lower than analyst consensus and trails domestic rival SK HynixWorld - Financial Times - October 31 -
Donald Trump and the autocrats' playbook
‘This is a man who should be nowhere near power’World - Financial Times - October 31 -
UK Labour’s Budget borrows big, taxes more
Chancellor Rachel Reeves announced a £40bn tax increase and a sharp rise in borrowingWorld - Financial Times - October 31 -
Bank of Japan holds rates but signals normalisation still on track
Political uncertainty following election upset raises risks of abrupt policy shifts, warn analystsWorld - Financial Times - October 31 -
FirstFT: US consumers continue to spend, spend, spend
Also in today’s newsletter, North Korea fires its longest-ever test missile, and the activists ready to challenge the election resultWorld - Financial Times - October 31 -
Stellantis hit by sales slide in US and Europe
Fiat, Jeep and Peugeot owner suffers 27% drop in third-quarter sales but signals improvement to US inventoryWorld - Financial Times - October 31 -
Demand for Roth IRA conversions may increase — even without tax hikes from President-elect Donald Trump
Income tax hikes are less likely under President-elect Donald Trump. But demand for Roth conversions could still increase, experts said.Business - CNBC - November 8 -
Hospitality bosses warn Reeves’ UK tax increases will lead to ‘drastic’ job cuts
More than 200 sign letter to chancellor saying rises in national insurance contributions will cause business closuresBusiness - Financial Times - November 10 -
Asia has ‘enormous’ shortfall of funds to adapt to climate change, warns ADB
Development bank report says region still needs hundreds of billions of dollars for action to tackle impact of global warmingWorld - Financial Times - October 31 -
Chinese sanctions hit US drone maker supplying Ukraine
Beijing’s move leaves California company rushing to find new battery providersWorld - Financial Times - October 31 -
Roche Increases Dividend on Higher Sales
Roche said it would increase its dividend after its hemophilia injection Hemlibra and multiple sclerosis treatment Ocrevus lifted sales in the first nine months of the year.Business - The Wall Street Journal - October 23 -
IRS Increases Standard Deductions for 2025
Inflation pushes up the deductions to $15,000 for single taxpayers and married individuals filing separately and $30,000 for couples who file jointly.Business - Inc. - October 23 -
Boardmasters organisers increase security measures
Organisers of the Newquay music festival announce increases in security measures for the 2025 event.Top stories - BBC News - November 6 -
Military suicide rates increased in 2023
Suicide rates in the military increased in 2023, a slight uptick from 2022 that adds to a larger, troubling rise over the past decade. The annual report shows 523 service members died by suicide in ...Politics - The Hill - November 14 -
Trump Flirts With the Ultimate Tax Cut: No Income Taxes at All
The former president has repeatedly praised a period in American history when there was no income tax, and the country relied on tariffs to fund the government.Business - The New York Times - October 24 -
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 -
GOP tax battle rages
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Tax battle brewing among Republicans over debt fears President-elect Trump's ...Politics - The Hill - November 12 -
Trump’s Tax Plans
Three scenarios for how Republicans could approach cutting taxes next year.Top stories - The New York Times - 6 days ago -
Tariffs and taxes are not very inflationary
Households will pay, but probably not through much higher pricesWorld - Financial Times - 2 days ago -
Companies’ earnings reports increase volatility of US stocks
Share prices swing as high valuations and uncertain outlook put investors on edgeWorld - Financial Times - October 26 -
UK Budget as it happened: Rachel Reeves raises tax, spending and borrowing
Taxes rise as chancellor delivers the first Labour budget since 2010Business - Financial Times - October 30 -
Exxon beats earnings estimates, increases fourth-quarter dividend
Exxon's stock rose in early trading after beating earnings expectations.Business - CNBC - November 1 -
With Oil Prices Weak, OPEC Plus Postpones Increases Again
Saudi Arabia, which leads the group, appears wary of unsettling markets just before the U.S. presidential election on Tuesday.Business - The New York Times - November 4 -
Latino support for Trump increases from 2020
Vice President Kamala Harris is winning the Latino vote over former President Donald Trump nationwide. NBC News’ Hallie Jackson details why this matters and notes that support for Trump has grown ...Top stories - NBC News - November 6 -
Atos Launches $252 Million Capital Increase
The troubled IT firm said it would issue new shares in its latest move to reduce debt.Business - The Wall Street Journal - November 8 -
Most Americans expect Trump to increase debt: Survey
A majority of Americans expect the national debt to rise under President-elect Donald Trump, according to a new Reuters/Ipsos survey conducted after the election. The poll found that 62 percent of ...Politics - The Hill - November 8 -
Most Americans Expect Trump to Increase National Debt
A Reuters/Ipsos poll shows a majority of people think the President-elect will drive the country further into debt, beyond its current $35 trillion level.Business - Inc. - November 8 -
Pandemic-era drinking increases persist, study shows
Alcohol is a leading cause of illness and death in the United States, and new research suggests an alarming increase in alcohol use since the pandemic is persisting. CBS News' Stephanie Stahl reports.Top stories - CBS News - November 11 -
New study shows an increase in heavy drinkers
A new study finds the United States has more heavy drinkers than it did a few years ago before the pandemic began. CBS News chief medical correspondent Dr. Jon LaPook explains why and what to know ...Top stories - CBS News - November 12 -
France increases security ahead of football match with Israel
Emmanuel Macron to attend match in show of support for Jewish people after attacks in AmsterdamWorld - Financial Times - November 13 -
Inflation ticks up slightly in October, report shows
A new report shows a slight increase in inflation for the month of October, up to 2.6% compared to 2.4% in September. NBC’s Christine Romans reports for TODAY on what it signals about the economy.Top stories - NBC News - November 13 -
Smith's game IQ increasing all the time - Strawbridge
Fly-half Marcus Smith is getting "better and better" at having a deeper understanding of Test rugby, says England assistant coach Andrew Strawbridge.Top stories - BBC News - Yesterday -
Average mortgage rate increases heading into winter holidays
The 30-year fixed mortgage rate appears to be rising as buyers await a good time to enter the market. Maria Avellaneda, an associate broker for Keller Williams NYC, joins CBS News with more.Top stories - CBS News - 54 minutes ago
