News
Meet the “Moderates” Trying to Make Trump’s Tax Bill More Regressive
In the distant past, Republican moderates were people like Senators Pete Domenici of New Mexico and Bob Packwood of Oregon who preached…
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Tax
Business
Italian police find large oil trading tax evasion scam run by Mafia
Italian authorities have seized €140 million ($164 million) in assets as part of a large-scale investigation into an oil trade tax evasion…
Culture
Indonesia working on new e-commerce tax rule in bid to target 'shadow economy'
Indonesia is working on a new regulation that will require e-commerce platforms to collect and pass on sellers’ sales income in a bid to…
Business
Exclusive-Brazil government to defend bill cutting tax breaks by 10%, says sources
By Lisandra Paraguassu and Ricardo Brito BRASILIA (Reuters) -Brazil's government is expected to back a bill proposing a 10% cut to federal…
Business
DeepSeek's R1 Upgrade Nears Top-Tier LLMs
DeepSeek today rolled out DeepSeek-R1-0528, an upgraded version of its R1 large language model that it says now rivals OpenAI's O3 and…
News
Republicans Pass Horrid Tax Bill Thanks to Democrats Dying in Office
House Republicans managed to pass their draconian budget bill, which promises to make massive cuts to Medicaid, Medicare, and food…
Culture
US: Wall St opens mixed after Trump's tax Bill narrowly clears House test
Wall Street’s main indexes opened mixed on Thursday (May 22) after the US House of Representatives passed President Donald Trump’s tax…
News
House Republican Rips Apart Trump’s Tax Bill: “Debt Bomb Ticking”
While Republicans managed to pass their budget bill through the House Thursday morning, one GOP representative was not happy, calling it a…
News
Republicans Sneak Massive Medicare Cuts Into Their Horrid Tax Bill
House Democrats immediately pounced. At a House Rules Committee meeting early Wednesday morning, ranking member Jim McGovern asked…
Culture
US: Wall Street opens lower with focus on Trump's tax Bill
Wall Street’s main indexes opened lower on Wednesday (May 21), as investors awaited the outcome of a pivotal debate around US President…
Culture
Frasers Property H1 profit rises 147.6% to S$142.2 million on tax reversal
Frasers Property posted a 147.6 per cent jump in net profit to S$142.2 million for the first half ended Mar 31, 2025, from S$57.4 million…
Business
Cruisers rejoice: Mexico mostly drops $42 cruise tax
The cruise industry’s efforts to stop a $42 per-passenger cruise tax proposed by the Mexican government seems to have been successful.…
News
Trump Says He’s ‘Taking Away’ Harvard’s Tax Exempt Status
Harvard University signaled Friday that it would resist President Trump’s renewed threat to revoke the school’s tax-exempt status, a move…
News
Republicans Wrestle With Trump’s Demands for Tax Cuts
It was easy to miss, but last weekend President Trump floated a fundamental rewrite of the American tax code. In a social media post, and…
News
How a U.S. Tax Loophole Supercharged China’s Exports
When Congress raised the threshold for imported goods to enter the United States tax-free to $800 from $200 nearly a decade ago, it threw…
Culture
UOI Q1 profit before tax dips 3% to S$7.8 million on lower non-underwriting income
The fall is attributed to lower non-underwriting income, which dropped 12% to S$3.7 million United Overseas Insurance (UOI), the general…
News
I.R.S. Fires 6,700 Employees Amid Tax Filing Season
The Trump administration started firing about 6,700 employees at the Internal Revenue Service on Thursday, according to people familiar…
Culture
Budget 2025: Tax incentives to beef up equities market could have ‘limited impact’, say industry experts
The government will introduce three tax incentives targeting corporate listings, fund manager listings and fund managers’ qualifying…
News
Elon Musk’s DOGE Wants to Seize Your Private Tax Data
Elon Musk and DOGE are trying to get their hands on some of the most sensitive information the Internal Revenue Service has to offer: data…
Culture
Tax incentives proposed by MAS review group not a ‘silver bullet’, say experts
TAX deductions and lower corporate tax rates may be among the incentives that the MAS equities market review groupconsiders as part of…
News
Prominent Cryptocurrency Investor Faces Senate Tax Inquiry
A Senate committee is investigating whether a prominent cryptocurrency investor violated federal tax law to save hundreds of millions of…
News
Woman Pleads Guilty in Covid Tax Credit Scheme That Netted $33 Million
Some people binge-watched shows during the Covid pandemic. Others picked up pickleball. But according to federal prosecutors, one Las…
Culture
Italy investigates Amazon over alleged 1.2 billion euro tax evasion
ITALIAN prosecutors are investigating e-commerce giant Amazon and three of its executives over alleged tax evasion worth 1.2 billion euros…
News
What to Know About VAT, the Tax System Used in Europe That Trump Despises
President Trump on Thursday ordered his advisers to determine new tariff rates on America’s trading partners, a move that he said would…