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13

Hawaii residents could see biggest tax cut yet

www.staradvertiser.com

Hawaii taxpayers could be seeing phased state income tax cuts that over eight years amount to the biggest reduction in state history.

07

Putin’s War Will Soon Reach Russians’ Tax Bills

www.nytimes.com

Russia’s president has signaled an increase in income and corporate taxes that will help finance the war. The move reflects his firm control over Russian policy.

Friday, Apr 26

22

8.7M Canadians reported food insecurity in 2022 as median incomes fell

globalnews.ca

A report released on Friday has found the median after-tax income of Canadian families and unattached individuals was $70,500 in 2022, a decrease from $73,000 in 2021.

IRS calls its free Direct File tax-prep tool a success. Will it be back in 2025?

www.marketwatch.com

The IRS’s Direct File platform prepared federal income-tax returns for nearly 141,000 households, exceeding officials’ goal of handling 100,000 returns.

18

Biden has boasted about Trump's tax rates expiring... but a new calculator reveals how it will spark hikes for every income group: Find out how it could impact YOU

www.dailymail.co.uk

President Biden has vowed to let provisions of the tax law passed under Trump expire, but a new analysis shows if it expires, just about everyone will see their taxes go up.

15

Former Democratic Senator Says Biden's New Capital Gains Tax Proposal Aimed At Billionaires Has 'No Chance' Of Passing

www.benzinga.com

The policy aims to level the playing field between high ordinary income and investment income earners.

14

07

The group of Australians being smashed by the biggest tax rise in the WORLD - but here's how you can beat the taxman

www.dailymail.co.uk

Working Australians - already battling a cost of living crisis - have now been hit with the world's biggest income tax increases. This occurred after Labor came to power.

Thursday, Apr 25

15

Income Tax Department Extends Deadline for Registration by Charitable and Religious Trusts Till June 30

www.latestly.com

The income tax department on Thursday extended the deadline for charitable and religious trusts to furnish registration application with tax authorities till June 30.

14

HMRC fury as accountant struggles to sort tax code issue with helpline stuck on hold

www.express.co.uk

The tax expert receives income from several sources but was on the wrong tax code.

01

Should I Stay or Should I Go? Hedge Funds: Crypto and State Tax

www.jdsupra.com

Hedge fund managers have a state tax gating issue when it comes to adding crypto to their assets under management. Generally, states such as New York, Connecticut and California encourage asset managers to locate in their respective states…

New Jersey is motivating telecommuters to appeal their New York tax bills. Connecticut may be next

www.wcax.com

Telecommuting, a pandemic-era novelty that has become a permanent alternative for many people, has some Connecticut and New Jersey employees of New York-based companies questioning why they still have to pay personal income tax to the…

Wednesday, Apr 24

23

Kansas’ governor vetoed tax cuts again over their costs. Some fellow Democrats backed it

kvia.com

By JOHN HANNA AP Political Writer TOPEKA, Kan. (AP) — The Democratic governor in Kansas has vetoed a broad package of tax cuts for the second time in three months. Gov. Laura Kelly described the tax plan Wednesday as too expensive despite…

21

Greenbook Tax Proposals

www.jdsupra.com

Tax reform, like spring, is in the air. The Biden Administration recently released its fiscal year 2025 revenue proposals, known as the annual “Greenbook.” The Greenbook’s 250+ pages of tax reforms include six potential changes to…

13

Higher income tax rates in Scotland 'not putting off workers from moving north of the border'

www.dailyrecord.co.uk

The Scottish Government was handed power over personal income tax levels in 2017-18.

12

Millions of people over State Pension age set to pay income tax due to frozen Personal Allowance

www.dailyrecord.co.uk

More than 8 million State Pensioners across Great Britain currently pay income tax.

Warning as HMRC targets married pensioner couples in new tax raid - ‘many don’t know’

www.express.co.uk

As millions of pensioners are dragged over the threshold for paying income tax, experts warn that married couples are first in line for a shock tax bill.

11

London and South-East hit with record £100billion income tax grab as changes bite

www.standard.co.uk

EXCLUSIVE: Londoners paid £59.3billion to the Treasury annually and South-East residents £41.4 billion, according to HMRC figures

Tax warning for pensioners but HMRC insists there's 'no need to worry'

www.express.co.uk

The problem is linked to a failure to raise the thresholds at which tax is paid in line with increases in income, including pensions.