A new analysis reveals a stark and growing fiscal gap across the U.S., with residents in top-taxing states paying over 80% more than the national average. From New York's multi-angle levies to California's top-tier income rates, we break down what's driving the costs and who feels it most.
A significant tax deduction increase for seniors, set for 2026 under the 'One Big Beautiful Bill Act,' is projected to hasten the depletion of Social Security trust funds by roughly six months, raising urgent questions about the program's long-term solvency.
Moving to a state with no income tax might seem like a clear financial win, but the reality is more complex. Higher sales, property, and overall living costs in these states often offset the initial paycheck boost, creating a nuanced picture of who truly benefits.
Award-winning builder Martin Daly is closing his Scottish business for a new life in Switzerland, joining a growing wave of tradespeople leaving the UK. Industry leaders warn that tax policies, rising costs, and a lack of support for small firms are crippling the sector and jeopardising national housing targets.
A growing movement to eliminate state income taxes is gaining momentum, backed by the White House. However, a new analysis warns that replacing lost revenue may require significantly higher sales taxes than proponents claim, forcing a fundamental choice: accept steeper consumption taxes or shrink the size of government.
In a bid to boost the global competitiveness of Indian accounting and advisory firms, the government has announced a dual-pronged reform: simplifying the 'accountant' definition under Safe Harbour Rules and merging tax computation standards with financial reporting norms.
The annual Sunday Times Tax List reveals the UK's top 100 individual taxpayers paid a record £5.76bn, featuring a mix of business titans, sports stars, and entertainers, with a notable rise in contributions linked to recent fiscal policy changes.
A proposed wealth tax on California's ultra-rich has ignited a fierce debate, pitting tech billionaires against a coalition of millionaires who argue it's time for the wealthy to pay more. The fight echoes past battles over Silicon Valley's influence and raises questions about the state's economic future.
The Northern Ireland Executive has suspended a planned revaluation of hotel business rates, averting significant tax increases for accommodation providers slated for 2026 and providing temporary stability for the region's tourism industry.
Mizuho Securities reaffirms its bullish stance on Intuit (INTU) with an $875 price target, arguing that recent investor anxiety over AI's potential to disrupt the tax preparation industry is exaggerated, citing the company's strategic integrations and expanding physical retail footprint.
Millions of sole traders and landlords face a fundamental change in how late tax submissions are penalized, as HMRC prepares to replace automatic fines with a points-based regime starting in 2026.
Exclusive: A newly revealed State Department cable directs embassies worldwide to audit all assistance programs against stringent new rules prohibiting funding for groups involved in abortion services, diversity initiatives, and gender identity advocacy, expanding a long-contested policy to nearly $30 billion in foreign aid.
Valero Energy reported a robust fourth quarter, with net income surging to $1.1 billion, driven by strong refining margins and record operational performance. While renewable diesel faced headwinds, ethanol profits soared. The company outlined disciplined capital plans and highlighted potential tailwinds from policy clarity and increased access to discounted heavy crude.
A quirk in the UK tax system means those earning between £100,000 and £125,140 face an effective 60% marginal tax rate, while also losing crucial childcare benefits. We examine the growing trap and the financial planning strategies to navigate it.
Bunge Global reported a mixed fourth quarter, with adjusted earnings slightly below the prior year. While integration synergies from the Viterra merger are materializing faster than expected, management offered a cautious initial 2026 forecast, citing limited visibility—particularly from pending U.S. biofuel policy—and an earnings cadence heavily weighted to the year's second half.
The Internal Revenue Service has announced its annual inflation adjustments for the 2026 tax year, featuring higher standard deductions, expanded tax brackets, and a modest rise in the SALT deduction cap. While the changes are incremental, financial experts say proactive planning could yield meaningful savings for many households when filing in 2027.
Google co-founder Sergey Brin has acquired two luxury estates in California and Nevada for a combined $92 million, a move that coincides with his shifting business entities out of California as the state considers a new 'Billionaire Tax.'
A Democratic-led push to study replacing California's gas tax with a per-mile road usage charge has ignited fierce Republican opposition, framing the debate as a critical test for infrastructure funding as fuel tax revenues decline nationwide.
A sharp decline in legal sports wagers in Illinois, coinciding with recent tax increases, points to a growing shift of bettors toward untaxed and unregulated offshore sites and local bookmakers, according to industry analysis.
A new tax deduction for auto loan interest in 2025 offers relief for buyers, but strict domestic assembly rules mean many popular models won't qualify. Here's a breakdown of the fine print and its market implications.
