Taxes

Nick Thomas-Symonds says messages between Pat McFadden and Peter Mandelson are ‘embarrassing’ UK politics live – latest updatesLabour MPs are not looking to raise taxes to fund more benefits, the cabinet minister Nick Thomas-Symonds has said.In messages between the work and pensions secretary, Pat McFadden, and Peter Mandelson released on Monday, McFadden wrote: “Every meeting I have is: ‘Who can we tax in order to pay benefits to others?’ They’re asking the wrong questions.” Continue reading...

Proposed IRS data sharing with immigration authorities and ICE raids have made filing risky for those who are undocumentedThe Trump administration’s immigration crackdown could cause the US to potentially lose up to $479bn in lost tax revenue over the the next 10 years, with enforcement deterring undocumented workers from filing their taxes this year, according to tax experts.Tax advisers say major changes, including proposed data sharing with immigration enforcement, have made filing taxes risky for undocumented immigrants. Tax benefits for immigrant parents have also been removed, further removing incentive to file taxes at all. Continue reading...

Property disputes, predatory developers and surging sea levels are putting the historic Black community at riskOn Arthur Champen’s half-acre property in Hilton Head Island, South Carolina, a thicket of southern live oaks, palmettos and pine trees muffle the roar of cars on nearby highway 278. His haint blue house, lightened by the sun, sits on stilts to protect it from flooding that comes with the high tide. During the spring, it is common for the marshland adjacent to his land to turn into a muddy soup. “Other than the cars,” Champen, 81, said, “you hear how peaceful it is?”About a decade ago, Champen’s family nearly lost the grassy marshland next door that their family bought several generations ago. Continue reading...

Jason Atherton, who has restaurants in Dubai, St Moritz and now Tuscany, says it’s tough to stay afloat in UK hospitality industryA British Michelin-starred chef says he is opening restaurants abroad to subsidise his UK venues against a backdrop of high taxes and a struggling hospitality sector.Jason Atherton is now in Forte dei Marmi, on the Tuscan coast in Italy, where he is preparing his newest opening, Maria’s, which will be in the Principessa hotel. The Sheffield-born chef now has restaurants all over the world, including in Dubai and St Moritz. Continue reading...

Survey by global economic forum shows ‘tax wedge’ in Britain increased to 32.4% of income in 2025Business live – latest updatesTaxes on workers in Britain rose at the fastest rate among the world’s richest economies last year, according to the Organisation for Economic Cooperation and Development.With Labour under pressure on the economy amid the Iran war, the OECD said a key measure of the total tax paid by workers and their employers rose by the most in the 38-member club of rich nations in 2025. Continue reading...

Brussels will relax state aid rules to allow member countries to offer ‘targeted and temporary’ supportEurope live – latest updatesThe EU will cut electricity taxes and provide consumers with fresh incentives to ditch fuel-burning cars and boilers, the European Commission has announced, as the Iran war energy crisis speeds a shift to a clean economy.The plan, which foresees tweaking rules so that electricity is taxed less than oil and gas, aims to bring down bills while encouraging the move away from polluting devices that prolong reliance on foreign fuels. Continue reading...

Charities say taxes should rise for banks, defence and energy companies which stand to make windfall profitsMiddle East crisis liveRachel Reeves is being urged to raise taxes on businesses generating “windfall” profits linked to the US-Israel war on Iran to fund emergency cost of living support for UK households.With the government under pressure to respond, a group of leading charities, campaigners and trade unions said the chancellor could raise billions by taxing “excess profits” linked to the conflict. Continue reading...

• Lawmakers cut severance taxes on metallurgical coal and attempted similar for natural gas, prioritizing fossil fuel industries amid energy cost hikes. • They passed data center rules maintaining developer secrecy but requiring water use disclosures to affected landowners. • These moves support AG Morrisey's $300M Hope Scholarship while diverting public school funds, sparking education debates.