Legislative bills
A provision in President Donald Trump's tax cuts bill could cause international companies to avoid expanding into the United States, potentially costing the country 360,000 jobs and $55 billion annually over 10 years, according to a recent analysis by the Global Business Alliance. The measure, known as
Legislative bills
The Ohio Senate has passed a $60 billion state biennial operating budget that includes a tax cut for the wealthy, increased funding for public education, and $600 million in funding for the Cleveland Browns' new stadium. The total budget is expected to be around $200 billion once federal dollars
Public finance
The Pakistani government has presented its budget for 2025-26, with a focus on supporting the agriculture sector, which contributes 24% to the country's GDP. Finance Minister Muhammad Aurangzeb recognized the sector's underperformance last year and acknowledged the need for long-term reforms. The government has proposed several
Public finance
The Pakistani government has announced significant tax relief measures for salaried individuals, the construction sector, and property buyers in the federal budget 2025-26. Finance Minister Muhammad Aurangzeb stated that Prime Minister Shehbaz Sharif's direction has led to a reduction in tax burden on the salaried class. The government
Public finance
Pakistan's government will unveil a massive budget worth Rs17,600 billion for the fiscal year 2025-26 in the National Assembly today. The budget aims to increase government revenue and manage the growing fiscal deficit, which is expected to reach Rs6 trillion. Finance Minister Muhammad Aurangzeb will present the
Public finance
Pakistan's federal budget for the fiscal year 2025-26, presented by Finance Minister Muhammad Aurangzeb, projects a 4.2% GDP growth, a modest improvement from the previous year's 2.7%. The budget totals Rs17.6 trillion, a 7% reduction from last year's Rs18.9 trillion,
Legislative bills
A sweeping tax cut proposal in President Donald Trump's massive spending package has found support among some Democrats, particularly in the area of reducing taxes on service workers' tips. Virginia Rep. Don Beyer, a Democrat and car dealership owner, expressed his party's general support for
Legislative bills
After months of debate and negotiation, the National Assembly has completed the harmonization process for the four tax reform bills. The bills, which aim to overhaul Nigeria's tax system, have been passed by both the Senate and the House of Representatives and are now ready for presidential assent.
Legislative bills
A bipartisan push to eliminate taxes on tips has sparked a heated debate among economists and labor advocates, with some arguing it could encourage employers to reduce hourly wages for workers. The proposal, which was passed by the Senate and included in a wide-ranging tax and immigration measure approved by
Legislative bills
The Hong Kong Special Administrative Region Government has welcomed the Legislative Council's passage of a bill aimed at tackling tax evasion risks arising from the digitalisation of the economy. The bill, which introduces the global minimum tax (GMT) and the Hong Kong minimum top-up tax (HKMTT), is formulated
Legislative bills
Victoria's premier, Jacinta Allan, has come under fire from her own party members after the government delayed key reforms aimed at reducing the harm caused by poker machines. The delayed action will ensure the state government receives more money from poker machines, with Victorians already losing over $3
Legislative bills
The National Assembly has made significant progress on the harmonised tax reform bills, with the Chairman of the House Committee on Finance, James Faleke, stating that the conference committee has successfully concluded its work and the bills are ready for presentation to both the House and the Senate for final
