Taxation
The Senate has passed a revised reconciliation bill, dubbed "One Big Beautiful," which will be sent to the president ahead of the July 4 deadline. The bill makes several adjustments to the version passed by the House in May, with Wells Fargo analysts noting that the overall economic
Taxation
The Republican Senate has passed its version of the One Big Beautiful Bill Act, which includes permanent tax cuts, increased spending on defense and border security, and large cuts to Medicaid and other social spending. However, the Congressional Budget Office estimates that this legislation would add more than $3 trillion
Taxation
Congressman Nick LaLota (R--Suffolk County) released a statement after voting to pass H.R. 1, a sweeping legislative package that delivers significant tax relief for the middle class and includes historic investments in national security and workforce development. The bill quadruples the SALT cap for five years, boosts the Child
Taxation
As world leaders gathered at the 4th International Conference on Financing for Development in Sevilla, Spain, a growing coalition of countries pledged to take action on taxing the super-rich and polluting companies. However, governments failed to support bold measures to address the debt crisis, which threatens the capacities of Global
Taxation
The House has passed the final version of the "One, Big, Beautiful Bill," a comprehensive legislative package aimed at boosting economic growth, reducing taxes, and empowering families and rural communities. Congressman Nathaniel Moran (R-TX-01) hailed the bill's passage, stating that it would chart a bold course
Taxation
A recent study by researchers at Jilin University has shed light on the effects of environmental protection tax reform on corporate behavior in China. The research analyzed data from listed companies in China from 2009 to 2020 and found that the environmental protection fee-to-tax reform (EFTR) incentivized firms to enhance
Taxation
China's State Administration of Taxation has reported significant tax cuts and reductions in fees and refunds to support technological innovation and manufacturing development. From January to May, the main policies to support these industries reduced taxes, fees and refunds amounting to 636.1 billion yuan. The tax reductions
Taxation
US President Donald Trump has secured a major legislative win as the Senate passed his nearly 900-page bill, which includes significant changes to US immigration, defence, and climate policy, among other provisions. The bill now heads to Trump for his signature after clearing the House with a narrow margin of
Taxation
Labour's leader Sir Keir Starmer is set to change course on wealth taxes, following warnings from his senior adviser Liz Lloyd that recent levies on the rich may be undermining economic growth. The move comes as some Labour members call for a levy on assets above £10 million,
Taxation
Representative Scott Peters (CA-50) opposed the Republican tax plan, which he said would cut healthcare and food assistance for millions of vulnerable Americans to pay for tax cuts for wealthy individuals and corporations. According to the Congressional Budget Office, the plan would kick 17 million people off their Medicaid and
Taxation
Despite concerns over the massive bill, nearly all GOP lawmakers, including Reps. Dan Newhouse and Russ Fulcher of Washington and Idaho respectively, voted in favor of President Donald Trump's tax-and-spending legislation. The bill, which adds $3.4 trillion to the national debt over 10 years, extends tax cuts,
Taxation
The Supplemental Nutrition Assistance Program (SNAP), formerly known as food stamps, is set to undergo significant changes as part of a broader effort to revamp the nation's social safety net. Under the new plan, states will be required to take on a greater share of the program'
