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Stories published on Oct 12
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  • Stories published on Oct 12

Sunday, Oct 12

23

HUGO DUNCAN: Pension tax raid is an attack on workers

www.dailymail.co.uk

One of the common misconceptions about pension tax is that any increase in the amount the Exchequer takes will only be felt by rich retirees.

21

Government shutdown: Vance says 'fraud' is rife in ACA tax credits use

www.cnbc.com

Democrats want any government funding bill include an extension for enhanced Obamacare subsidies, which are set to expire at the end of this year.

Reeves looks at bigger tax rises and spending cuts to build up UK fiscal buffer

www.ft.com

The chancellor is preparing for a crunch Budget next month

18

Rachel Reeves could row back on hated inheritance tax raid for farmers in Budget

www.express.co.uk

Ministers are said to be looking at easing the inheritance tax changes for farmers.

We’ve reached our limits on raising income tax in Scotland, says SNP finance minister Shona Robison

www.scotsman.com

The Scottish Government has reached its limits on income tax, the Finance Secretary has said.

Inheritance tax U-turn rumour prompts farming community to say 'too little too late'

news.sky.com

The budget may still be more than six weeks away, but rumours of U-turns and changes are already in full swing.

17

Bauchi Chamber of Commerce urges FIRS to stop delaying tax refunds

dailypost.ng

The Bauchi Chamber of Commerce, Industry, Mines and Agriculture, BACCIMA, has called on the Federal Inland Revenue Service, FIRS, to stop the prolonged delay in processing Withholding Tax, WHT, refunds, saying the situation is crippling…

16

Child Tax Credit 2026: Families now get $2,200 per kid tax credit

www.thestreet.com

The Internal Revenue Service released Revenue Procedure 2025-32, detailing the inflation-adjusted tax brackets, standard deductions, and key credits for the 2026 tax year. The updates – shaped by the One, Big, Beautiful Bill Act (OBBBA)…

New Michigan Marijuana Tax Could Shutter Businesses And Actually Reduce The State’s Cannabis Revenue, Industry Says

“If you put more of a tax burden on these companies…they’re going to start going out of business. If there are no more businesses in this industry, who in the heck are you going to collect the taxes from?” By Kyle Davidson, Michigan…

State pensioners missing out on £2,121 tax-free cash from DWP

761,000 could be missing out on an income boost worth more than £2,000, a new research suggests.

Weekend Roundup: Bitcoin Jesus' Tax Evasion Case, Gold's Rally And More Crypto News

www.benzinga.com

From the "Bitcoin Jesus" nearing a settlement with the Justice Department to gold's rally potentially signaling a surge for Bitcoin, there was no shortage of intriguing developments in the crypto world this week.

Tax evasion, other financial malpractices disservice to Nigeria – EFCC

www.vanguardngr.com

EFCC has said that Tax evasion, submission of false declarations, and other financial malpractices are not just illegal but are a disservice to the nation.

15

POLL: Should Reeves tax the rich to fill 'black hole'?

www.express.co.uk

Treasury sources said the economy was facing a "once in a generation challenge" for which there were "no quick fixes".

HMRC making change to income tax which is set to kick in from April

The launch on April 6, 2026 will mark a significant and time-saving change for certain people in how to report income to HMRC.

Ford F-150 Lightning Becomes Cheaper For 2026 After Tax Credit Fallout

carbuzz.com

Ford’s F-150 Lightning lineup changes for 2026, and the updates go deeper than just a few numbers on the price sheet.

Drivers risk losing their licence and having tax refunds taken away if they ‘don’t hand over $1,000s for parking fees’

www.the-sun.com

DRIVERS in a major US city face losing their licenses and even their tax refunds under a new parking fee crackdown. It comes as officials plot a new law that will ramp up parking fees in the area, generating millions for the city to help…