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16

Spanish court shelves latest tax probe of Shakira

The Colombian singer had been under investigation for the alleged evasion of 6.7 million euros (£5.7 million) in taxes on her 2018 income.

Spanish court shelves latest tax probe of Shakira

The Colombian singer had been under investigation for the alleged evasion of 6.7 million euros (£5.7 million) in taxes on her 2018 income.

14

Spanish court shelves latest tax probe of Shakira following prosecutors’ recommendation

kvia.com

MADRID (AP) — A Spanish investigative magistrate on Thursday provisionally shelved the latest probe into an alleged case of tax fraud by pop star Shakira following recommendations by prosecutors. The Colombian singer had been under…

Companies race to borrow ahead of the Biden-Trump election, with cost of 2017 tax cuts in focus

www.marketwatch.com

“There’s obviously concerns about volatility coming into the election,” said Leslie Falconio, head of taxable fixed-income strategy, UBS Wealth Management.

Wednesday, May 8

15

Pensioners with side-hustles warned they could be landed with huge unexpected tax bill

www.express.co.uk

HMRC urges elderly people to declare any extra incomes to avoid falling foul of a crackdown on undeclared earnings

08

06

HMRC tax error could see people lose out on benefits - what you need to check

www.dailypost.co.uk

The Low Incomes Tax Reform Group (LITRG) has warned that certain low-income, self-employed workers could be affected by an error made by HMRC this year

Tuesday, May 7

19

Bipartisan Proposal Would Not Tax Staking Rewards Until Time of Sale

www.jdsupra.com

On Tuesday, April 30, 2024, U.S. Congressmen Drew Ferguson (R-GA) and Wiley Nickel (D-NC) introduced a bill, the Providing Tax Clarity for Digital Assets Act, to codify the U.S. federal income tax treatment of the acquisition by a taxpayer…

18

15

HMRC breaks silence to 'apologise' after tax error leaves thousands worse off

The Low Incomes Tax Reform Group (LITRG) warns that the error could strip self-employed workers of crucial National Insurance-related benefits like the state pension.

13

Rachel Reeves hints that people WILL pay more income tax if Labour wins the election as she refuses to commit to unfreezing

www.dailymail.co.uk

The shadow chancellor told an audience in the City of London that she wanted workers to pay less tax but that she would only act 'when resources allow'.

10

HMRC fine warning over tax payments in campaign targeting certain workers who may not be paying all the owe

The warning comes as thousands of letters from HMRC are being sent to people they believe might not be declaring all their income

02

Tax Preparer Sentenced After Filing 900+ False Income Tax Returns

smallbiztrends.com

Six years and 900 false income tax returns have resulted in a Chicago woman's sentence of 1 year and a day in prison for defrauding $1.3M.

Monday, May 6

00

Pa. Senate Republicans propose ‘historic’ tax cut to counter Democrats’ desire to spend more

triblive.com

Senate Republicans are proposing a historic tax cut for Pennsylvanians that includes taking the personal income tax back to 2003 levels and lower electric bills.

07

People on State Pension could boost income to £1,300 a month with tax-free top-up

More than a million people are missing out on the additional support they could get from Attendance Allowance, a tax-free benefit for older people

Sunday, May 5

16

Reclassifying Marijuana Could Unlock Billions in Tax Savings for Cannabis Companies

www.wsj.com

The proposed change could lift an income tax burden that wipes out most licensed marijuana retailers’ earnings.

13

Volcanic Ash: Income tax cut imperfect, but a welcome surprise

The Legislature’s significant income tax cuts were a pleasant relief to Hawaii residents struggling with our state’s steep cost of living in inflationary times, even if the benefits skewed a bit too much to those already well-off and left…

Saturday, May 4

23

UBA’s first quarter profits rise by 154% on the back of higher interest income

nairametrics.com

UBA released its unaudited financial results for Q1 2024 showing pre-tax profit grew by 154.74% year-on-year to 156.344 billion.