Taxation
The Republican-led push for the "Big Beautiful Bill" (BBB), also known as the "Tax Cuts and Balanced Budget Act," has sparked intense debate in Congress. At its core, the bill extends the 2017 tax cuts, benefiting the wealthy, and includes provisions that could harm low-income individuals
Taxation
The Nigerian health sector has received significant boosts from the federal government's tax reform and increased allocation of resources in the 2025 budget. Coordinating Minister of Health and Social Welfare, Prof. Mohammed Ali Pate, has stated that the tax reform will increase government revenue, which will be used
Taxation
JD Vance, a rising star in the Republican Party and former senator, campaigned on economic populist ideas that included higher taxes on some businesses and increased support for families. However, his distinctive policy ideas have largely gone missing in the current tax legislation. The $3.3 trillion GOP tax bill,
Taxation
Senator Patty Murray, Vice Chair of the Senate Appropriations Committee, delivered a scathing speech on the Senate floor, condemning Republicans for using a "current policy baseline" to conceal the true costs of their proposed tax cuts for billionaires. The 940-page reconciliation bill, known as the One Big Beautiful
Taxation
U.S. Senator Patty Murray (D-WA) spoke out on the Senate floor, criticizing Republicans for using a so-called "current policy baseline" to conceal the genuine cost of their deficit-busting tax cuts for billionaires. The legislation, dubbed the One Big Beautiful Bill Act, makes significant cuts to Medicaid, affecting
Taxation
The US Senate Republicans are pursuing a vote on President Donald Trump's tax cuts and spending bill, despite concerns about its potential $3.3 trillion impact on the national debt. The nonpartisan Congressional Budget Office (CBO) has estimated that the bill could increase the national debt by an
Taxation
Brazil's ongoing tax reform, featuring a new value-added tax (IBS), is designed to replace the current municipal services tax (ISS) and state-level ICMS tax. The IBS will be jointly managed by states, the Federal District, and municipalities, and is projected to surpass R$1 trillion in annual collections
Taxation
The Lagos Chamber of Commerce and Industry (LCCI) has called for effective coordination among federal, state, and local governments to implement newly passed tax reform laws. The chamber commended the federal government for the tax reforms, which are expected to impact four major areas: inflation, trade competitiveness, tax compliance, and
Taxation
Congressional leaders have advanced President Trump's tax agenda through an unusual accounting maneuver, circumventing the filibuster and potentially harming the nation's financial health. The move allows for the extension of key tax cuts without considering their long-term costs, which could exacerbate the already dire national debt
Taxation
The Nigerian government's tax reforms are expected to raise the country's tax-to-GDP ratio to 15% by 2027, marking a significant turning point in the nation's fiscal future. Speaking at the fourth International Conference on Financing for Development (FFD4) in Seville, Spain, Uche Uwaleke, a
Taxation
Ghana's tax system is fraught with distortions and complexities that have significantly undermined revenue collection, forcing the government into an unsustainable borrowing cycle, according to Seth Terkper, former finance minister and current Special Presidential Advisor on the Economy. Terkper warned that the proliferation of levies has created a
Legislative bills
The Senate's revised tax bill poses significant concerns, including a substantial increase in the national debt and a sharp decline in healthcare coverage, according to a nonpartisan analysis. The Congressional Budget Office (CBO) estimates that the Senate bill would add nearly $3.3 trillion to the deficit from
