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Stories published on Jul 16
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Tuesday, Jul 16

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State lawmakers appear skeptical of Mayor Wu’s property tax home rule petition in legislative hearing

www.bostonglobe.com

Though the City Council already passed Wu’s measure, it also needs the approval of state lawmakers, whose formal session ends on July 31.

Rachel Reeves urged to consider an inheritance tax raid on pension pots which could raise up to £2 billion a year - as Chancellor faces pressure to meet public spending targets

www.dailymail.co.uk

The Institute for Fiscal Studies (IFS), a leading economic think-tank, suggested that unspent cash in defined contribution funds should no longer be exempt from the death tax.

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Labour's tax raid on North Sea oil and gas industry could cost up to 100,000 jobs and £30billion worth of investments, business leaders warn

www.dailymail.co.uk

Investment worth £30billion and tax receipts totalling £20billion could also be lost by 2029, according to the Aberdeen Chamber of Commerce.

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Far-right groups that block aid to Gaza receive tax-deductible donations from US and Israel

www.nbcdfw.com

Under American pressure, Israel has pledged to deliver large quantities of humanitarian aid into the war-ravaged Gaza Strip. But at the same time, the U.S. and Israel have allowed tax-deductible donations to far-right groups that have…

IRS Warns Tax Pros of ‘Barrage’ of Phishing Scams

www.pymnts.com

The IRS is warning tax professionals of a rise in scams designed to steal taxpayer information. The tax agency and its “Security Summit” partners — a group of state tax agencies and private tax industry organizations — said Tuesday (July…

Rachel Reeves facing calls to unleash £2billion death tax raid on pension pots

www.express.co.uk

Economists are urging the new Labour Chancellor to introduce a death tax on unspent defined contribution pension funds.

Apple products eligible for US tax free holiday listed for eight states

appleinsider.com

The annual tax holiday prior to the start of the school year begins soon, and Apple has detailed exactly what products are eligible for tax exemption and other rules for six states.

Paper tax discs for vehicles set to be abolished

www.irishtimes.com

Minister for Transport also calls on Dublin City Council to implement transport plan or risk losing funding

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You can buy Apple products tax-free in these eight US states for a limited time

9to5mac.com

Apple has announced support for upcoming tax-free holidays across the US, some of which start as soon as July 19 while others span out through August.

Apple Lists Products Eligible for Sales Tax-Free Holidays in 8 U.S. States

www.macrumors.com

Apple recently updated its website with a list of products eligible for upcoming 2024 sales tax holidays in select U.S. states, including Alabama, Arkansas, Florida, Massachusetts, Missouri, Ohio, Tennessee, and West Virginia.

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US and Israel allowed tax-deductible donations to groups blocking Gaza aid

www.theguardian.com

Three groups that have prevented humanitarian supplies reaching the Palestinian territory have raised over $200,000

Six million people with savings accounts face 'shock' HMRC tax bill

Six million savings accounts are now "at risk" of a surprise tax, new data suggests, in a brutal blow to household finances as the Cost of Living crisis continues up and down the country.

Pennsylvania Dispensaries Omitted From Medical Marijuana Industry 280E Tax Relief Due To Drafting Error In Bill Governor Signed

When the Pennsylvania legislature approved a budget bill that the governor has since signed into law, lawmakers accidentally left medical marijuana dispensaries out of a section providing tax relief for the cannabis industry. And it’s not…

You could save extra £5k a year tax-free if government adopts these plans

www.examinerlive.co.uk

The government has been told it should change the rules to boost investment options for millions of people - and in turn save the economy billions

Tribunal orders NLNG to pay FIRS $27.5m as 2016 revised corporate income tax

theeagleonline.com.ng

This was part of the judgment of the Tax Appeal Tribunal (TAT) sitting in Abuja.

Tinubu decision to suspend tax on some imported foods na threat to national economy?

BBC All farmers association of Nigeria dey complain say goment recent decision to allow tax-free...

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Grim savings warning as number of Brits at risk of ‘shock tax bill’ doubles

www.express.co.uk

Six million savings accounts are now "at risk" of a surprise tax, new data suggests.