Tag: taxes
Reeves warned taxes must rise to cover £41bn spending gap
Taxes must rise in the autumn if Chancellor Rachel Reeves is to meet her self-imposed borrowing rules, according to an economic think tank. The government was on track to miss the target it has set itself by £41.2bn, according to the National Institute of Economic and Social Research (Niesr). It recommended “a moderate but sustained…
HSBC boss says Rachel Reeves putting up bank taxes would harm UK growth
Georges Elhedery’s comments come amid speculation the chancellor could make such a move in autumn budget Business live – latest updates The boss of HSBC has joined a growing chorus of bankers cautioning Rachel Reeves against increasing taxes on banks in her autumn budget, warning it risked “eroding” investment and ultimately harming UK growth. Georges…
What Trump’s One Big Beautiful Bill Act means for taxes on Social Security
Laurel Wamsley In the hours after Congress passed President Trump’s megabill, an email from the Social Security Administration hit the inboxes of many Americans. It applauded the legislation’s passage and said it includes a provision that “eliminates federal income taxes on Social Security benefits for most beneficiaries.” But experts say the email was misleading and…
‘The US was our El Dorado’: Africans on Trump’s travel bans and taxes
Already affected by US aid cuts, many Africans now face limits on travel to US and looming remittance tax When Essi Farida Geraldo, a Lomé-based architect, heard about partial restrictions on travel to the US from Togo as part of the travel bans announced by Donald Trump on Thursday, she lamented losing access to what…
Canada to counter ‘unjustified’ US tariffs with 25% taxes on US cars, says Carney
Canadian prime minister says country will impose taxes on US vehicles not compliant with continental free trade deal Canada will retaliate against “unjustified, unwarranted” tariffs imposed by the United States with a 25% tax on US vehicles, says Mark Carney. On Wednesday, Donald Trump announced wide-ranging tariffs on dozens of countries, but did not add…