Tag: tax policy
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Capital Gains Tax Backed for Nigerian Market Stability: Experts Call for Prudent Implementation
Overview: A Proposed Tax to Stabilize the Nigerian Market The debate over a 25 percent capital gains tax on investment profits in Nigeria has gained significant attention from market participants and policymakers. Advocates argue that a well-structured capital gains tax (CGT) could dampen speculative trading, curb excessive volatility, and create a more predictable investment climate.…
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Betfred Brothers Named UK’s Biggest Taxpayers on Sunday Times’ Tax List
Introduction: Britain’s top taxpayers revealed The Sunday Times has published its eighth annual Tax List, highlighting the 100 wealthiest individuals and families whose contributions to UK tax reached an impressive total of £5.758 billion this year. The list underscores the significant role that high earners and major business owners play in funding public services, while…
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Government Plans Relief for Salaried Class and Industries in Next Budget
Overview: A Strategic shift away from mini-budget In a decisive move, Prime Minister Shehbaz Sharif has directed policymakers to forgo any mini-budget this fiscal year. The emphasis is squarely on delivering a comprehensive budget strategy for the upcoming financial year that prioritizes relief for the salaried class and strengthens support for key industries. The approach…
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Trump Urges Families to Open Trump Accounts as Tax Season Opens
Trump Campaign Aligns Tax Filing with Economic Policy As tax season opens for the 2025 filing year, President Donald Trump is advocating for a new financial pathway he terms the “Trump Account.” The proposal, presented in tandem with Treasury Secretary Scott Bessent and a coalition of business leaders, aims to give families a dedicated account…
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Trump Pushes ‘Trump Accounts’ as Tax Season Begins: What Families Need to Know
Tax season opens with a new push from the Trump administration As the 2025 tax filing window begins, families are hearing a new pitch from the Trump administration. Officials say they want households to consider establishing what has been termed a “Trump Account” when filing their 2025 returns. The initiative is pitched as a way…
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Trump Urges Families to Open Trump Accounts as Tax Season Begins
Tax Season Kickoff: What the Trump Accounts Promise As the 2025 tax filing period opens, the Trump administration is promoting a new financial instrument described as the Trump Account. Officials say these accounts are designed to streamline filing, simplify deposits, and offer families an alternative path for managing tax-advantaged savings. The rollout coincides with Biden-era…
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Income Tax 2026 Expectations Highlights: Will FM Sitharaman give another boost to taxpayers in Budget 2026?
Overview: What to expect from Budget 2026 on income tax As Finance Minister Nirmala Sitharaman prepares to present the Union Budget 2026 on February 1, Indian taxpayers are keenly watching for any relief measures in the income tax regime. The budget, which outlines the government’s fiscal priorities for the year ahead, often sets the tone…
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Budget 2026 Income Tax Expectations: Will FM Sitharaman Deliver Tax Relief Again?
Budget 2026: What taxpayers hope to see in income tax As India prepares to present the Union Budget 2026 on 1 February, taxpayers and investors are closely watching for signs that the focus on income tax relief will continue. Finance Minister Nirmala Sitharaman has steered a sequence of tax policy moves in recent years, including…
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Lammy’s £100m Tax Grab: The Calm Before the Legal Storm
Introduction: A Controversial Policy Unveiled David Lammy, the Labour shadow justice secretary, is facing criticism as plans emerge from the Labour-led policy dialogue that would compel a substantial share of interest earned by law firms on housing deposits and bequests to flow to the state. Advocates describe it as a bold reform aimed at broadening…
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Lammy’s Planned Tax Grab On Law Firms Sparks Debate
Unveiling the proposal A new policy initiative from the government has sparked intense debate within the legal sector. David Lammy has proposed a plan that would recoup a substantial portion of interest earned on housing deposits and money left in wills. Critics describe the move as a stealth tax on law firms, arguing that a…