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Stories published on Dec 2
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  • Stories published on Dec 2

Tuesday, Dec 2

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Lawmakers make their case for bipartisan proposal to extend Affordable Care Act tax credits

www.cbsnews.com

Republican Rep. Kevin Kiley and Democratic Rep. Sam Liccardo join "The Takeout" to discuss their plan to extend ACA tax credits for two years.

How your MP voted on farmers inheritance tax raid

www.express.co.uk

MPs backed the Government's plans to impose inheritance tax on farmers by 327 to 182

Trick to cut thousands off your council tax bills AND beat the mansion tax - but get it wrong and your whole street could pay more!

www.dailymail.co.uk

Chancellor Rachel Reeves' 'mansion tax' - which will hit owners of homes worth more than £2m - will be based on their council tax band.

23

Governor Abbott Sends Letter To U.S. Secretary Bessent Requesting Suspension of CAIR’s Tax-Exempt Status

gov.texas.gov

Governor Greg Abbott today sent a letter to U.S. Treasury Secretary Scott Bessent to request the Treasury Department launch an investigation into the Council on American-Islamic Relations (CAIR) and suspend its status as a 501(c)(3) tax…

HMRC Launches Strengthened Tax Whistleblower Reward Scheme- A New Era for UK Tax Compliance

natlawreview.com

387459 at https://natlawreview.com/article/hmrc-launches-strengthened-tax-whistleblower-reward-scheme-new-era-uk-tax

Farmers dealt brutal blow as Rachel Reeves's inheritance tax raid backed by MPs

www.express.co.uk

MPs voted 327 to 182 in support of the Government's controversial inheritance tax plans

Tax Consulting Firm Permitted to Challenge Final Micro-Captive Reporting Regulation

natlawreview.com

Ryan has standing to challenge the validity of the Treasury’s final regulations[2] that require disclosure of certain transactions engaged in by businesses and their “micro-captive insurance companies” (MCICs).; Ryan sufficiently pleaded…

22

Government urged to review farming inheritance tax plans after Commons vote

Backbenchers argued the measure failed to tackle "abuse by the celebrities and the billionaires" who buy farmland to avoid paying a full inheritance tax bill

Mayor Brandon Johnson makes emotional plea for embattled corporate head tax proposal

His voice breaking with emotion, Mayor Brandon Johnson tried again Tuesday to salvage a corporate head tax proposal shot down by the City Council’s Finance Committee and roundly condemned by business leaders.

21

Mancs set to pay 4.99pc more council tax next year - despite town hall's £94m boost

Top councillors say the authority is now getting its 'fair share' from the government

20

Canada’s federal income tax brackets are changing in 2026

globalnews.ca

Changes could be coming next year for Canadian taxpayers that could see some paying less income tax as the result of a cut to the lowest income bracket.

19

Simpler bands for Tyneside council tax reduction approved for next year

Simpler bands for council tax support in North Tyneside have been approved

India News | MCD Approves Major Ease of Doing Business Reform: General Trade, Storage License Integrated with Property Tax

www.latestly.com

Get latest articles and stories on India at LatestLY. Under the new framework, business owners will no longer be required to file a separate application or maintain an individual trade license document. Instead, the license will be…

UK Windfall Tax Blamed for Further North Sea Job Losses

oilprice.com

Around 100 offshore jobs are set to be cut by oil and gas firm Harbour Energy amid pressure from UK windfall taxes. The company, which is the UK’s largest oil and gas producer, has announced the proposed job losses as part of a review into…

18

22 million Americans set to lose ‘affordable’ tax credits as December 31 deadline triggers harmful ‘subsidy cliff’

www.the-sun.com

OVER 22 million Americans are set to lose out on the enhanced Affordable Care Act premium tax credits in just weeks if Congress fails to intervene. Should the handy credits expire on December 31, a so-called "subsidy cliff" will be…

IRS To Watch OnlyFans Content in 'No Tax On Tips' Dispute

www.newsweek.com

Agents from the IRS will need to watch OnlyFans content to determine if it meets the “no tax on tips law.”