The Income Tax Department has set July 31, 2026, as the deadline for most individual taxpayers, including the salaried class, to file their Income Tax Returns (ITR) for AY 2026-27. Non-audit businesses and professionals have until August 31, 2026.
UK government revenue from Capital Gains Tax (CGT) has surged by nearly 80% to £24bn in the last tax year due to rule changes, impacting more individuals. Experts advise on strategies like utilizing ISAs, transferring assets between spouses, and pension contributions to mitigate CGT bills.
Experts criticize One Nation's health policies, ATO call centre workers face a 40% pay gap, and questions linger over a Kenyan woman's death in Sydney. Plus, updates on international relations, sports, and politics.
President Trump's White House ballroom project's cost has reportedly surged to $600 million, with over half expected to be funded by taxpayers, contradicting Trump's claims of private financing.
Donald Trump's White House ballroom project is estimated to cost up to $600 million, with over half funded by taxpayers, according to The Washington Post. Trump had previously claimed the project would be privately funded and cost less.
Medical experts have strongly criticized One Nation's proposed health policies, labeling them as nonsensical and based on misconceptions. Policies include withdrawing from the WHO, scrapping the TGA, and adding photo ID to Medicare cards, which experts argue could increase costs and reduce access to care for vulnerable Australians.
Victorian Premier Jacinta Allan has refused to provide a figure for the cost of CFMEU corruption to taxpayers, despite an investigation suggesting it could be $15 billion. The scandal and leadership speculation come as a state election approaches.
Salaried taxpayers must cross-check Form 26AS and AIS before filing ITR for FY 2025-26. These consolidated tax statements detail TDS/TCS. Discrepancies can lead to tax demands. Errors should be reported to the deductor or via the e-filing portal.
UK ministers reject accusations of unfairness regarding student loan changes, arguing the heavily subsidized nature of the loans grants the government the right to alter terms. Concerns persist over rising debt and interest rates, with critics comparing the situation to mis-selling scandals.
Emails and filings show Ben Black, head of the US Development Finance Corporation, had ties to Jeffrey Epstein, including shared investments and social events. His father, Leon Black, was Epstein's highest-paying client. Black denies a personal or professional relationship with Epstein.
Treasury Secretary Scott Bessent stated he is "performing the duties" of IRS commissioner, not acting commissioner, during a Senate Finance Committee hearing. The exchange focused on President Trump's IRS settlement and whether other taxpayers whose data was leaked would receive similar protections.
The UK government will provide £1.3bn in funding to help Universal build its first European theme park near Bedford. The investment aims to create tens of thousands of jobs and unlock significant economic growth.
Two letters debate public sector defined-benefit pension schemes. One argues the £1tn liability figure is misleading and that good pensions help attract staff, while the other suggests raising pay to allow workers to fund their own pensions.
Taxpayers are advised not to rush filing their Income Tax Returns (ITR) for FY 2025-26 before June 15, despite the utility being available. Key tax documents like Form 16 and TDS statements may not be fully updated until then, potentially leading to data mismatches and other issues.
Australia's property lobby is defending investor tax breaks that critics say are fueling a housing crisis, leading to skyrocketing rents. Despite claims that winding back these breaks will harm renters, the article argues the current system already causes significant suffering for tenants, with rents increasing dramatically over the past decade.
The IRS and Treasury are reviewing data retention policies with identity verification firm ID.me, potentially allowing them to keep taxpayer biometric data for years after account deletion to combat AI fraud. This move raises privacy concerns.
Six years after a "racial reckoning," Black America faces "comprehensive assault" from all three branches of government and corporations. The NAACP urges Black athletes to boycott SEC universities in response to anti-Black policies and disenfranchisement efforts.
One Nation proposes replacing the offshore gas profits tax with a royalty regime and acquiring 30% equity stakes in new ventures. Leader Pauline Hanson aims for "vastly greater returns" for Australian taxpayers, drawing criticism for importing ideas from Venezuela.
Two investment firms within the Heylo Housing group, backed by BlackRock, have collapsed into administration, putting over £52m in public funds at risk. The Regulator of Social Housing is working to prevent 3,500 homes from moving to the private sector.
An interim warning from the UK's Pensions Commission highlights that 15 million Britons aren't saving enough for retirement. Issues include low-paid and self-employed workers, gender and ethnic pension gaps, and risks from pensioner freedoms.
Russia's Foreign Ministry claims US biological laboratories in Ukraine violate international law, deceive US taxpayers, and pose a threat to tens of millions of people by developing biological weapons.
VP JD Vance's anti-fraud rhetoric on Monday was juxtaposed with the Justice Department's $1.7B "anti-weaponization fund" for Trump allies, sparking accusations of corruption and theft from critics.
Donald Trump's DOJ is creating a $1.7 billion "anti-weaponization fund" to compensate allies prosecuted or investigated under previous administrations. Announced by Acting AG Todd Blanche, the fund aims to settle a lawsuit filed by Trump against the IRS. Critics, including Hillary Clinton and Ron Wyden, have labeled it a "slush fund."
West Ham's potential relegation from the Premier League could cost London taxpayers an extra £2.5m annually due to their lease agreement for the London Stadium. The club's rent would decrease significantly if they drop to the Championship, requiring taxpayers to cover the shortfall in stadium operating costs.
