tax hike

UK Households Face Disposable Income Drop Amid Inflation and Tax Hikes

Business·30/6/2026Resumen IA

UK Households Face Disposable Income Drop Amid Inflation and Tax Hikes

UK households saw a 0.8% drop in real disposable income in Q1 due to rising inflation and capital gains tax, marking the fourth decline in five quarters. The ONS reported 0.6% GDP growth, while political figures like Andy Burnham pledge to tackle living costs, and economists forecast a cautious economic outlook.

Política·26/6/2026Resumen IA

3 min de lectura

Social Security Trust Fund Faces Depletion by Late 2032, Prompting Renewed Calls for Tax Hikes

Urgente

Social Security Trust Fund Faces Depletion by Late 2032, Prompting Renewed Calls for Tax Hikes

Social Security's OASI trust fund may be depleted by Q4 2032, with 78% of benefits payable, according to new projections. This has intensified calls to tax the wealthy, with bipartisan efforts emerging to lift the payroll tax cap, though significant challenges remain.

Crude Price Crash to Boost India's State-Owned Oil Giants

India's state-owned oil marketing companies (OMCs) are expected to see improved profitability due to lower crude oil prices, boosting fuel marketing margins, despite concerns over rising debt and uncertain fuel tax policies, according to a JP Morgan report.

Times of India

Russians navigate complex tech to bypass internet curbs

Política·13/6/2026Resumen IA

Russians navigate complex tech to bypass internet curbs

Russians are using complex technical solutions like VPNs and dual-phone setups to circumvent Kremlin-imposed internet restrictions on foreign apps and websites. These curbs, aimed at promoting 'digital sovereignty,' have disrupted services and caused frustration, potentially impacting Putin's approval ratings ahead of elections.

The Independent World

5 min de lectura

Italian tax system faces challenges: low self-employed compliance, corporate tax hikes, and complex incentives

Política·12/6/2026Resumen IA

Italian tax system faces challenges: low self-employed compliance, corporate tax hikes, and complex incentives

Italy's tax system struggles with low fiscal compliance among the self-employed, despite efforts to combat evasion. The UPB highlights inefficiencies in tax collection, particularly for local administrations, and disparities in treatment between different income types. Corporate taxes have increased, especially for banking and insurance sectors, while business incentives are seen as a disorganized complex of measures needing reform.

Il Sole 24 Ore

3 min de lectura

LDP's Security Strategy Proposal Avoids Specific Tax Hike, GDP Targets

Política·25/5/2026Resumen IA

LDP's Security Strategy Proposal Avoids Specific Tax Hike, GDP Targets

自民党の提言案は防衛予算増額を求めたが、GDP比目標や増税には言及せず。政府内では増税避けられないとの声もあり、今後の焦点となりそうだ。

ITC Shares Slip Despite Q4 Profit Rise Amid Concerns Over Cigarette Tax Hikes

ITC shares fell despite a 5% Q4 profit increase, as brokerages like Goldman Sachs and Morgan Stanley flagged concerns over cigarette tax hikes impacting earnings and volumes. FMCG and paper segments showed resilience, but analysts anticipate margin stress.

Economic Times

4 min de lectura

Germany Considers Tax Hikes and Spending Cuts Amidst Economic Woes

Urgente

Política·22/5/2026Resumen IA

Germany Considers Tax Hikes and Spending Cuts Amidst Economic Woes

Germany's ruling coalition is debating a VAT hike to address a budget deficit, which could further increase prices already rising for essentials like coffee and rent. The economy is shrinking with job cuts, and politicians warn of longer working hours and reduced pensions. Meanwhile, Members of Parliament are set for a significant pay raise.

Die Zeit

1 min de lectura

India Tightens Silver Imports to Close UAE Trade Deal Loophole

Business·17/5/2026Resumen IA

India Tightens Silver Imports to Close UAE Trade Deal Loophole

India has restricted silver imports, requiring government approval, to prevent traders from exploiting a duty gap created by a recent tax hike on precious metals via the India-UAE free trade agreement.

JP Morgan could scrap £3bn London HQ if Starmer is replaced by PM ‘hostile to banks’

Jamie Dimon says US banking giant could rethink Canary Wharf tower if a future Labour leader targets lendersThe boss of JP Morgan, Jamie Dimon, has warned he could scrap plans to build a new £3bn UK headquarters in London if Keir Starmer is replaced by a new Labour prime minister who is hostile to banks.JP Morgan revealed plans last November to build the tower in Canary Wharf, hours after lenders were spared tax hikes in Rachel Reeves’s autumn budget following strong lobbying by the banking sector. Continue reading...

Jamie Dimon: JP Morgan could scrap new £3bn HQ if Starmer is replaced by PM ‘hostile to banks’

NOTICIA

12/5/2026

Jamie Dimon: JP Morgan could scrap new £3bn HQ if Starmer is replaced by PM ‘hostile to banks’

Bank greenlit construction of the Canary Wharf tower last November after Rachel Reeves’ budget spared lenders tax hikes The boss of JP Morgan, Jamie Dimon, has warned he could scrap plans to build a new £3bn UK headquarters in London if Keir Starmer is replaced by a new Labour prime minister who is hostile to banks.JP Morgan revealed plans last November to build the tower in Canary Wharf, hours after lenders were spared tax hikes in Rachel Reeves’s autumn budget, after strong lobbying by the banking sector. Continue reading...

UK businesses in critical financial distress rise by 36.9% as tax hikes and Middle East conflict bite

Business·29/4/2026Resumen IA

UK businesses in critical financial distress rise by 36.9% as tax hikes and Middle East conflict bite

The number of UK businesses in critical financial distress rose by 36.9% in Q1 2026 compared to Q1 2025, reaching 62,193 companies, according to insolvency practitioners Begbies Traynor. All 22 monitored sectors saw increases, with hospitality, leisure and sports businesses worst affected. The restructuring firm blamed tax rises imposed by Chancellor Rachel Reeves and economic fallout from the Middle East conflict, warning that zombie businesses are increasingly likely to fail.

UK Business Distress Rises 36.9% as Hospitality Hit by Tax Hikes, Middle East Conflict

Business·29/4/2026Resumen IA

UK Business Distress Rises 36.9% as Hospitality Hit by Tax Hikes, Middle East Conflict

The number of UK businesses in critical financial distress rose by 36.9% in Q1 2026 compared to Q1 2025, reaching 62,193 companies, according to insolvency firm Begbies Traynor. Hospitality, leisure, and sports sectors were worst hit, with hotel firms seeing a 69.3% increase in critical distress. The firm blamed tax rises imposed by Chancellor Rachel Reeves and economic fallout from the Middle East conflict, warning that zombie businesses could fail this year.

Guardian UK

EU and IMF tie Ukraine aid to tax hikes and fiscal reforms

Business·29/4/2026Resumen IA

EU and IMF tie Ukraine aid to tax hikes and fiscal reforms

The EU and IMF are linking further aid to Ukraine to tax hikes and fiscal reforms. The EU is considering linking €8.4 billion of its €90 billion loan package to business tax reforms, requiring companies under a simplified tax system to pay 20% VAT once turnover exceeds €91,000. The IMF is demanding Ukraine introduce VAT on low-value imported parcels worth under €150, potentially raising $227 million annually. Failure to pass these laws could delay the IMF's June review and jeopardize related EU support.

RT Business