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Stories published on May 28
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  • Stories published on May 28

Tuesday, May 28

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Federal Unemployment Tax Act (FUTA): What It Is and How It’s Calculated

www.paycom.com

Unemployment benefits are a lifeline for people who abruptly lose their jobs. As of May 2024, the national unemployment rate hovers at 3.9%, according to the Bureau of Labor Statistics. In other words, 6.5 million Americans could…

23

Tories accuse of Labour backing ‘retirement tax’ as first TV debate set to take place next week

www.thesun.co.uk

THE Tories accused Labour of backing a “retirement tax” after they refused to support Rishi Sunak’s tax break of £275 a year for pensioners.

Canada Revenue Agency disputes Leafs captain John Tavares’ argument in tax case

www.sportsnet.ca

The Canada Revenue Agency is disputing a claim by Toronto Maple Leafs captain John Tavares that the USD $15.25 million the team paid him in 2018 was a signing bonus, saying that that the amount was effectively a form of salary and should…

Reps query commercial banks over under-remittance of education tax

blueprint.ng

The House of Representatives Committee on Tertiary Education Trust Fund (TETFund), has raised issues with Commercial Banks in Nigeria over alleged under remittance of Education Tax revenue. The committee has therefore …

Russia's wealthy elite could face higher income tax as authorities propose a new, progressive system

www.startribune.com

Russia's wealthy elite could face higher income taxes, according to a proposal the country's finance ministry floated on Tuesday.

Russia’s wealthy elite could face higher income tax as authorities propose a new, progressive system

kvia.com

MOSCOW (AP) — Russia’s wealthy elite could face higher income taxes. That’s according to a proposal from the country’s finance ministry on Tuesday. The proposal involves a progressive tax on personal incomes, a change of course from the…

Russia’s wealthy elite could face higher income tax as authorities propose a new, progressive system

wtop.com

MOSCOW (AP) — Russia’s wealthy elite could face higher income taxes, according to a proposal the country’s finance ministry floated…

DraftKings, Flutter Shares Tumble on Illinois Sports Betting Tax Hike

www.sportico.com

A budget agreement that will nearly triple the tax on some sports bets in Illinois roiled shares of the major sports books operating in the state, sending shares of DraftKings down as much as 14% during trading Tuesday, while competitor…

Americans in One State Could See Tax Refunds Significantly Drop

www.newsweek.com

The Taxpayer's Bill of Rights (TABOR) refund provides $800 for single filers, while those filing as a couple get a heftier $1,600.

22

Tax measure for ailing Bay Area transit system advances, with caveat

www.bondbuyer.com

California senators approved a tax measure to raise $1.5 billion after the bill's author promised further tweaks to occur on the Assembly side.

Labour ‘retirement tax hell’ as millions of pensioners to be ‘worse off’ under Starmer

www.express.co.uk

Chancellor Jeremy Hunt warns Sir Keir Starmer's plans could be damaging for older people.

21

The IRS has failed to police the huge tax breaks offered by Puerto Rico, whistleblower claims

According to The New York Times, an IRS insider wrote that less than 1% of those using a Puerto Rico tax break have been audited for potential abuse.

DraftKings Stock Hobbles To Worst Day Since 2022 On Illinois Tax Fears

www.forbes.com

The house of the federal government always wins, even against sports betting empires.

Scottish Government 'open to introducing' cruise ship tax as tourist tax voted into law

www.scotsman.com

Holyrood backs Bill that could introduce UK’s ‘first true visitor levy’

Angela Rayner under pressure to publish tax advice after police drop council house probe

www.express.co.uk

Tories continue to demand that guidance the Labour Deputy Leader received should be made available to the public.

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House C’ttee Summon Banks On Alleged Education Tax Under-Remittance

independent.ng

…Calls for Transparency and Reconciliation ABUJA – The House of Representatives Committee on Tertiary Education Trust Fund (TETFund) has called upon Commercial Banks to address concerns regarding alleged under-remittance of Education Tax …

Labour relief as Angela Rayner cleared by HMRC as well as police over tax claims

inews.co.uk

Labour's deputy leader expresses relief as she claims she was smeared by the Conservatives

Perryman: Federal income tax is progressive. Is it fair?

fortworthbusiness.com

In fiscal year 2023, the U.S. government collected about $4.7 trillion in total revenue, with roughly half ($2.35 trillion) derived from the much-maligned personal income tax. We don’t have a detailed breakout yet, but the Tax Foundation…

19

Reps quiz commercial banks over under-remittance of education tax

tribuneonlineng.com

Tribune Online; Reps quiz commercial banks over under-remittance of education tax

Swinney’s tax strategy and legislative plans pushed back because of election

www.shropshirestar.com

Documents relating to a number of the First Minister’s key plans have been delayed until after the General Election.