A bipartisan congressional bill, H.R. 9500, seeks to allow fraud victims to deduct losses and waive early withdrawal penalties, reversing a 2017 tax law change. This comes as reported fraud losses to the FTC reached a record $15.9 billion in 2025.
BlackRock CEO Larry Fink expressed concerns about New York City's economic future, taxation, and public services, suggesting the company might deploy US resources elsewhere if conditions worsen. He cited the city's reliance on top earners for tax revenue and criticized "13 years of weak administrations."
BlackRock CEO Larry Fink voiced worries about New York City's management, taxation, and economic future, suggesting the company might deploy US resources elsewhere if conditions worsen. He criticized "13 years of weak administrations" and stated he doesn't receive appropriate services for his taxes.
BlackRock CEO Larry Fink voiced concerns about New York City's economic future, taxation, and public services, suggesting the company might deploy US resources elsewhere if conditions worsen. He criticized "13 years of weak administrations" and stated he doesn't receive adequate services for his taxes.
BlackRock CEO Larry Fink voiced concerns about New York City's economic future, taxation, and public services, suggesting the company might deploy US resources elsewhere if conditions worsen. He criticized "13 years of weak administrations" and stated he doesn't receive appropriate services for his taxes.
California Democrats have passed a new sales tax on digital software downloads, set to take effect next year. Governor Gavin Newsom is expected to sign the measure, projected to generate $900 million annually. The tax aims for parity between physical and online software sales.
Appeals against official housing prices in Seoul have more than doubled year-on-year, with 72.2% requesting a price reduction due to increased property tax burdens following significant price hikes.
A Uil study reveals significant disparities in local tax burdens across Italian cities. Citizens with the same income can pay vastly different amounts in municipal and regional surcharges, creating a 'fiscal lottery'.
A petition opposing South Korea's 22% tax on crypto gains, set for January 2027, has surpassed 50,000 signatures, triggering a review by the Finance and Economic Planning Committee. Critics argue the tax burdens investors, limits opportunities for younger generations, and could harm the country's crypto market.
A small business owner in Margate expresses frustration with Labour, feeling unrecognized as 'working people' despite significant tax contributions and personal financial struggles.
88% of UK millionaires are proud to live in Britain and 75% are willing to pay more tax to fund public assets, according to a survey by Patriotic Millionaires UK.
Thousands of 2025 Eaton Fire survivors in Altadena, California, who accepted upfront settlements from Southern California Edison face potential income tax on their payments after a tax exemption expired at the end of 2025. A bipartisan House bill to extend the tax relief passed committee last month but faces an uncertain timeline. Survivors accepting $700,000 settlements could owe 37% in taxes, threatening their ability to rebuild. Similar challenges affect fire survivors in Colorado, Hawaii and Oregon.
