Tag: tax policy
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What to Expect as Rachel Reeves Signals a Brutal Budget for Pensions, Savings, and Inheritance
Overview: A Budget Met with High Stakes As the new fiscal plan from Chancellor Rachel Reeves nears publication, political commentators warn of a budget that could touch a wide array of personal finances. Critics argue that while Reeves promised a gentler approach than last year’s controversial tax blitz, the reality may still involve substantial adjustments…
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Budget Shock Ahead: How Rachel Reeves Could Reshape Pensions, Savings, and Inheritance
What to expect from a Reeves-led Budget With Rachel Reeves at the helm as Chancellor, the UK Budget landscape is set for a dramatic shift. Early signals suggest that, despite promises to avoid a repeat of last year’s large-scale tax blitz, the Treasury faces a tight fiscal path. Analysts anticipate at least a modest tightening—potentially…
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Budget Shock: What a Reeves Government Could Mean for Your Pension, Savings, and Home
Introduction: A Budget That Never Shies Away From Tax Britain is watching a pivotal moment as the political climate heats up around the next Budget. With Chancellor Rachel Reeves signaling a willingness to pursue bold fiscal measures, many households worry about how pensions, savings, homes and inheritances could be affected. While promises from policymakers are…
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What to Expect in Carney’s First Budget: A Closer Look at the Deficit, Cuts, and Priorities
What to Expect from Carney’s First Budget As Prime Minister Mark Carney and his finance minister prepare to unveil the first budget under their administration, observers are focused on three central questions: how large the deficit will be, where cuts will land, and what priorities will shape the fiscal plan. After weeks of spending announcements…
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China Scraps Gold Tax Break, Sending Shockwaves Through Global Bullion Market
China Abolishes Gold Tax Break, Reshaping Global Bullion Markets In a move that jolts one of the world’s largest gold markets, China has scrapped a long-standing tax incentive on gold sales. Effective immediately, retailers will no longer benefit from the tax relief that helped keep gold pricing more predictable for consumers and traders alike. The…
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Pakistan’s FBR Faces Rs274 Billion Shortfall in FY26: Tax Filings Hit a Record, Yet Revenue Gaps Persist
Overview: A Paradox of Record Filings and Growing Shortfalls The Federal Board of Revenue (FBR) in Pakistan has reported a widening revenue gap for the first four months of the fiscal year 2025-26, despite witnessing near-record or record levels of tax filings from individuals and businesses. The data points to a complex revenue picture: high…
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Reeves Eyes Income Tax Rise in Budget Plan Update 2025
Introduction: What the headlines mean for this year’s Budget Recent newspaper front pages highlight a potential shift in fiscal policy as Labour leader Rachel Reeves is being reported to be eyeing a modest increase in income tax in the upcoming Budget. The talking point—an approximately 2p rise in the basic rate—has sparked debate about how…
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DEPDev Chief Balisacan Pushes Stricter Tax Enforcement Over New Holidays, VAT Cuts
Government Rebuffs Tax Holidays and VAT Cuts in Favor of Stronger Tax Enforcement The Philippine government, led by Department of Economy, Planning, and Development (DEPDev) Secretary Arsenio M. Balisacan, is signaling a clear preference for tightening the reins on existing tax measures rather than introducing new relief like tax holidays or lowering the value-added tax…
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Balisacan Pushes Stricter Tax Enforcement Over Holidays and VAT Cuts in Philippines Fiscal Strategy
Shoring up revenues over tax holidays In a recent public briefing, DEPDev Secretary Arsenio M. Balisacan signaled a clear preference for tightening enforcement of existing tax measures rather than granting new tax holidays or pursuing immediate VAT reductions. Speaking on the sidelines of the European-Philippine Business Dialogue, he argued that preserving and strengthening the revenue…
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Tax Fairness: Reeves Says Those With Broad Shoulders Pay More
Reeves signals a broader tax take from the wealthiest British chancellor Rachel Reeves used a high-profile appearance in Washington to outline a core principle guiding an autumn budget shaped by rising inflation and uncertain forecasts: those with the broadest shoulders should pay their fair share. As she prepares to present a package of tax rises…