Private pensions have become pernicious financial vehicles allowing older generations to secure disproportionate subsidies at the expense of younger workers, prompting calls for tax break equalisation.
Sen. Martin Heinrich is introducing a bill to end tax breaks for U.S. oil and gas companies operating overseas as the industry reports massive profits and high gasoline prices driven by conflict with Iran.
Software group Palantir paid £2m in UK corporation tax in 2024 despite holding hundreds of millions in public sector contracts, according to a report by Cictar, due to tax breaks and revenue shifting.
A briefing to BHP investors by the Australasian Centre for Corporate Responsibility (ACCR) warns Australia's federal fuel tax break, worth $622m to BHP, is delaying the miner's decarbonisation efforts. The ACCR suggests removing the tax break would make electrification projects financially viable, raising questions about BHP's climate commitments and transparency.
Kazakhstan's President Kassym-Jomart Tokayev signed a decree to regulate the digital asset market, introducing rules for stablecoin payments in cross-border trade, tax incentives for regulated crypto activity, and new energy options for digital mining, aiming to establish the country as a global crypto hub.
Ypsilanti Township residents and officials are fiercely opposing a proposed AI data center, citing environmental and community concerns, and its link to the US nuclear weapons program. The opposition intensified, with a township treasurer resigning in tears over a similar project in Saline Township, and Ypsilanti leaders vowing to "fight to our very last breath" against the facility.
UK pubs and restaurants are criticizing a temporary VAT cut on children's meals, calling it "laughable" and a "token gesture." One venue launched an expensive "kids" menu with snail salad to highlight the scheme's perceived inadequacy.
台灣財政部長莊翠雲表示，政府正尋求提高未成年子女的個人所得稅免稅額，並審查首購族優惠房貸計畫，以應對人口結構變化和住房可負擔性問題。此舉旨在減輕家庭育兒負擔，並協助無殼家庭購屋。
A rights group investigation found Israeli exporters are mislabeling produce from occupied Palestine and Golan Heights as Israeli-grown to gain unlawful tax breaks in the UK and EU. Global Echo analyzed 30,000 documents, revealing a systemic issue that subsidizes settlement agriculture.
A legal challenge over the vulnerable northern brown argus has delayed a forestry plan at Todrig, where investor Gresham House wants to plant commercial trees. The case highlights rising demand for woodland as a tax-efficient asset for wealthy families.
Over half of Russia's recoverable oil reserves, totaling 17.4 billion tons, are potentially eligible for tax benefits. Difficult-to-recover reserves (TRIZ) already constitute 30% of production and are expected to grow due to state support, primarily tax incentives. Approval for these benefits is not expected before 2028.
Leaked documents reveal BHP has delayed decarbonization efforts despite public commitments, benefiting from $622m in diesel tax credits while paying only $9m under Australia's safeguard mechanism.
Leaked documents reveal mining giant BHP has scaled back climate action, delaying emission reduction projects and renewables. Minister Chris Bowen insists polluters like BHP must cut onsite emissions, while MP Kate Chaney calls for reforms to the diesel tax credit scheme.
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.
South Korea's financial regulator has launched a new investment fund offering tax breaks and loss coverage to the public, aiming to raise over 600 billion won ($397 million) for strategic sectors like AI, batteries, and biotech.
Keir Starmer announced an extension to the 5p fuel duty cut and a 12-month vehicle tax holiday for hauliers, citing cost-of-living pressures and the impact of the US-Israeli attack on Iran on fuel prices.
Hong Kong's Hung Shui Kiu industrial park operator plans to consider issuing bonds and propose tax concessions to attract businesses. Chairman Jeffrey Lam stated the company will use a HK$10 billion government injection initially and explore bond issuance once a track record is established.
Hong Kong’s retail sales jumped by 12.8 per cent in March, bringing first-quarter growth to 9.8 per cent, driven by a spurt in sales of electric cars ahead of the withdrawal of tax breaks. Provisional figures released by the Census and Statistics Department on Wednesday showed that retail sales reached HK$33.9 billion (US$4.32 billion) in March. The March increase was largely fuelled by car sales as buyers raced to make deals before the first registration tax concessions for electric cars ended...
Sightline Intelligence sent AI-supported tool to company that provides drones to Israeli military, research group saysAnti-war activists in Portland, Oregon, are pushing city authorities to ensure no local resources, tax breaks or investments support a local company that appears to be supplying artificial intelligence software to the Israeli military.The company, Sightline Intelligence, manufactures AI-supported video technology that is used in drones to interpret target movements and make quick decisions based on the perceived threat level. Cargo documents appear to show Sightline has shipped its technology to Elbit Systems, an Israeli arms manufacturer that provides drones to that country’s military and exports to others. The activists argue that such sales violate the UN’s arms agreements. Continue reading...
As the tax-filing deadline approaches, many Americans are finding that new federal tax breaks for tips and overtime are not automatically applied to their state income tax returns, leading to potential confusion and filing errors.
