Andy Burnham Drops Plan to Raise £12,570 Personal Allowance Threshold
UK Prime Minister Andy Burnham shelves personal allowance tax threshold increase to maintain fiscal rules, prioritizing an October…
House Lawmakers Slam IRS Plan to Impose 30% Withholding on Spain’s World Cup Prize
Lawmakers criticize potential 30% U.S. tax on Spain's $50M World Cup prize, as treaty disputes and NJ 'jock…
IRS Releases Revenue Procedure 2026-26 for 2027 Premium Tax Credit Under Public Law 119-21
The IRS released 2027 Premium Tax Credit rules, reintroducing the subsidy cliff and restricting eligibility for several immigrant…
E-Verify and USCIS Glitches Disrupt Employer Checks and Asylum Filings in 2026
DHS warns of E-Verify disruptions and USCIS payment glitches in 2026 that risk work authorization for asylum seekers…
Oklahoma Income Tax Revenue Surges Despite Rate Cut to 4.75% for Fiscal 2026
Oklahoma tax revenue hit $17.91 billion in 2026 as income tax collections rose despite a rate cut, potentially…
Government to Unveil €1.5 Billion Tax Relief Package with Income Tax Cuts for 2027
Ireland proposes a €1.5 billion tax relief package for 2026, targeting income tax cuts and a higher 40%…
NBR Opens Online Tax Filing with 5% Early Rebate for Fast Filers
Bangladesh mandates digital tax filing for 2026-27, offering a 5% rebate for early birds before Sept 30, while…
GST Council Yet to Review 5% GST on Hotel Accommodation Despite Rate Cut Demands
Finance Ministry confirms no review or proposal to change the 5% GST rate for hotel rooms under ₹7,500,…
Income Tax Department Can Freeze Your Bank Account: 5 Triggers, NRI Risks, and How to Release Provisional Attachment
Learn how India's 2026 tax laws govern bank account freezes, including recovery routes, NRI risks, and steps to…
Crypto Lobby Group TDC Files Lawsuit to Block New Illinois Digital Asset Tax
The Digital Chamber has sued Illinois to block a 0.2% digital asset transaction tax, alleging it violates federal…
Property Transaction Revenue Surges to Record High Ahead of Capital Gains Tax Increase
Nepal records Rs 60.74 billion in property revenue for 2025-26 as a record 10,968 transactions were finalized on…
India Rules Out Proposal for 12.5% LTCG Rate, Says Pankaj Chaudhary
India rules out equity tax relief for domestic investors in 2026, maintaining the 12.5% LTCG rate as tax…
IRS Fast Track Settlement Program Offers Automatic Penalty Exemption for Good Moral Character
IRS launches automatic penalty relief in 2026 as USCIS tightens public charge rules, making tax compliance a key…
IRS Eyes Charitable Donation Abuse, Targeting Noncash Valuations in New Audits
IRS ramps up 2026 audits on charitable donation abuse, focusing on inflated appraisals and new 0.5% AGI deduction…