Republicans pressed the Treasury secretary on President Biden’s tax proposals and the fate of the Trump tax cuts that will expire in 2025.

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..

Following the dismantling of the previous chancellor's policy of tax cuts to fund growth, we can expect tax rises and deep spending cuts to be announced by the..

UK treasury chief Jeremy Hunt on Monday reversed most of an economic package announced by the government just weeks ago, including a planned cut to income tax...

Britain's finance minister Kwasi Kwarteng has been sacked after less than six weeks in the job, the BBC reported on Friday, as the government's massive tax cuts..

Liz Truss took office less than a month ago, promising to radically reshape Britain's economy to end years of sluggish growth. But the government's September 23..