Although these figures do not directly feed into Hunt's fiscal headroom at the next fiscal event, it is a sign of just how little wiggle room the Chancellor will..

Government borrowing for the year was £6.6bn higher than expected, according to new figures.

An unexpected rise in public borrowing could limit the scope of pre-election tax cuts, say analysts.

Jeremy Hunt has said the Conservatives will cut taxes again in the autumn "if we can", with some reports suggesting he's considering another 2p cut to National..

Data will be disappointment for chancellor as he considers tax cuts ahead of general election

Doubts have been raised over the government's ability to unveil tax cuts ahead of the next general election after official figures revealed borrowing was higher..

British Conservative leader and UK Prime Minister Rishi Sunak faces dwindling popularity and uncertainties about winning the upcoming general election. Despite..

Under Joe Biden's proposal, corporations would no longer be able to deduct the expense of employee pay above $1 million, which could raise $270 billion over 10..

India Inc. expects significant announcements in the upcoming Union Budget 2024, including tax cuts, incentives, and fiscal stimulus. The education sector hopes..

Turkiye's President Erdogan wins third term, influencing Nato and US relations; Egypt's Sisi secures third term, extends crackdown on dissent; Tinubu declared..

Pedro Nuno Santos elected leader of Portugal's Socialist Party (PS) for March 10 snap parliamentary election following Antonio Costa's resignation amid..

Christopher Luxon, leader of New Zealand's conservative coalition, was sworn in as prime minister. Luxon's top priority is to improve the economy. He plans to..

UK Treasury chief Jeremy Hunt has stated that the government can lower taxes as inflation falls, but this will be accompanied by cuts to welfare benefits. Hunt's..

Tesla is seeking to break into one of the world’s most promising auto markets where the demand for electric vehicles is rising among the country’s burgeoning..

Shortly following the adoption of the federal Tax Cuts and Jobs Act of 2017, Connecticut adopted its passthrough entity (PTE) tax (also known as PET).

Argentina's sales of the upcoming wheat crop are the slowest in seven years, with farmers waiting for heavier rainfall and uncertain about the outcome of the..

Many high-income taxpayers were negatively impacted when the Tax Cuts and Jobs Act of 2017 (TCJA) imposed a $10,000 limit on the individual federal income tax..

As a result of the Tax Cuts and Jobs Act (TCJA), beginning with tax years after December 31, 2021, Section 174 requires taxpayers to capitalize and amortize..

The government could consider reducing taxes on some items such as maize and fuel in response to the central bank's recommendations to help rein in climbing..

India expects to manufacture more mobile phones this year after the government eliminated import tariffs on some components used to assemble high-end phones from..

Union Budget 2023: Karti Chidambaram’s Congress party, however, didn’t appreciate the Union Budget 2023. Congress General Secretary KC Venugopal slammed the..

Excise duty cuts combined with VAT (value-added tax) reduction by states kept fuel inflation in check amid flaring oil prices, the Economic Survey said on..

As part of the 2017 Tax Cuts and Jobs Act (Act), Congress enacted Internal Revenue Code (Code) section 6050X, which requires government agencies (and certain..

Section 11061 of the Tax Cuts and Jobs Act amended IRC Sec. 2010(c)(3) to provide that, for decedents dying after and gifts made after December 31, 2017 and..